Indian benchmark indices ended Friday in the green, maintaining their two-session gaining streak on buying action in IT and auto stocks. The S&P BSE Sensex finished at 72,026, up by 178.58 points or 0.25%. Meanwhile, the broader Nifty settled at 21,710.80, higher by 52.20 points or 0.24%. India VIX, a measure of volatility in Nifty, … Read more
Brokerage Nomura maintained a buy rating on Fortis Healthcare, ICICI Securities initiated a buy on Cello World, Morgan Stanley maintained a positive view on HPCL and Emkay has a positive view on Emami. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Fortis Healthcare: Buy| Target … Read more
The Indian market closed in the green for the second consecutive day on Friday, tracking positive global cues. The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above the 21,300 mark on Friday. Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in … Read more
With consistent earnings normalization, controlled credit costs, and healthy asset quality, earnings for PSBs are expected to grow at a more sustainable pace. We estimate the profitability of the top six PSBs under our coverage to rise to Rs 1.7 trillion by FY26 from Rs 573 billion in FY22 and from collective losses in FY18. … Read more
Indian headline indices hit fresh lifetime highs on Friday ending with weekly gains of 2.7% on a dovish pivot by the US Fed. The biggest gainers were IT and bank stocks. Nifty hit a new lifetime high of 21,492.30 before ending the session at 21,456.65, up 273.95 points or 1.29%. The 30-stock S&P BSE Sensex … Read more
Indian market is likely to trade higher on Tuesday following positive global cues. The Nifty futures closed positive with gains of 0.02% at 21079 levels on Monday. India VIX was up by 2.31% from 12.47 to 12.75 levels. Volatility was slightly high but created momentum for new price territory in the market. Positive setup was … Read more
Apollo Hospitals Enterprise. Share Price 5153.20 03:58 PM | 03 Nov 2023 266.20(5.44%) Adani Ports & Special Economic Zone. Share Price 795.40 03:56 PM | 03 Nov 2023 21.11(2.72%) Eicher Motors. Share Price 3428.00 03:57 PM | 03 Nov 2023 89.70(2.68%) Titan Company. Share Price 3274.50 03:57 PM | 03 Nov 2023 73.00(2.28%) LTIMindtree. Share … Read more
Benchmark equity indices closed higher on Monday, led by banking, and financial stocks. The S&P BSE Sensex closed 0.5% higher at 64,112, while the NSE Nifty50 index ended above the 19,100 level. “Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 … Read more
Indian market closed in the red for the sixth consecutive day on Thursday, tracking muted global cues. The S&P BSE Sensex fell more than 900 points while the Nifty50 closed below 18,900 levels. Sectorally, selling was seen in auto, metals, oil & gas, and consumer durable stocks while buying was seen in utilities and power … Read more
Indian markets closed in the red on Thursday for the second in a row. The S&P BSE Sensex fell by over 200 points while the Nifty50 managed to hold on to 19600 levels. Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some … Read more