Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here’s what Viral Chheda, … Read more
India’s leading private sector bank HDFC Bank will release its fourth quarter numbers today along with a few other companies, closing what was a hectic week of corporate earnings. The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss. Other companies which … Read more
NEW DELHI: The deep cut in the last few days appears to have found bargain buying in HCL Tech, providing a window for upside reversal, says Anand James, Chief Market Strategist at Geojit Financial Services. “But, should it fail to float above Rs 1135, a new leg of downsides could unfold,” he said, adding that … Read more
Following a 27% weekly rally in shares of Sterling & Wilson Renewable Energy last week, Kunal Shah of LKP Securities suggests buying the stock on dips. “The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there … Read more
Equity markets witnessed a broad-based rally during the week, supported by robust macro data and sustained foreign inflows. During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with a nearly 32% return, … Read more
Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
A host of corporate actions and board meetings are scheduled for Wednesday. Shares of Globe International and will trade ex-bonus for its bonus share issuance announced in the ratio of 1:1. will also go ex-bonus for bonus share issuance in the ratio of 3:2. Additionally, shares of and will turn ex-bonus in respect of their … Read more