The Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied by more than 300 points while the Nifty50 closed above 16,200 levels. Sectorally, buying was seen in capital goods, power, utilities, and industrials, while some profit booking was visible in metals, and telecom stocks. Stocks that … Read more
Indian market closed in the green for the second day in a row on Thursday, tracking positive global cues. The S&P BSE Sensex rallied more than 400 points while Nifty50 closed above 16,100 levels. Sectorally, buying was seen in metals, consumer durables, realty, capital goods and public sector banks. The S&P BSE Mid-cap index rose … Read more
New Delhi: With volatility in the domestic equity markets increasing, global brokerage firms have turned negative on select underperformers of Dalal street. Credit Suisse has initiated its coverage on with a target price of Rs 510, which is 18 per cent lower than the last close of Rs 621.90. The stock is trading at 3.2x … Read more
Recovery in the second half of 4QFY22 offset the impact of the Omicron Covid wave. While the business was impacted for 35-40 days in 4QFY22, a quick recovery was seen in the latter part of the quarter. Sales in January 2022 and in mid-February 2022 were affected by the onset of the Omicron Covid wave. … Read more
Defending the prior week’s low, Nifty rebounded, however, ahead of February month’s derivative expiry, the index faced stiff resistance near 17,200 levels. Post gap-up start, Nifty soon closed the upward gap and traded beneath 17,200 throughout the session. Eventually Nifty formed an ‘in neck’ candle pattern (i.e. opened above prior session’s high but closed below … Read more