The ongoing correction in the market may continue this week, and technical analysts are closely watching the pivotal 19,600 level as a decisive point for the current trend. Failing to hold this level could lead the index toward the 19,320 zone, as per their analysis. Options data for the Nifty index also indicate a bearish … Read more
Synopsis After months of relentless rally, last week mid-cap stocks witnessed some correction. Will this correction last longer would become clear in the coming few weeks as the earning season gets kicked off, analysts are bullish on select midcap stocks which have seen their score improving. Stocks from sectors like financial services, logistic are on … Read more
UPL. Share Price 631.80 02:26 PM | 14 Sep 2023 23.50(3.86%) Hindalco Industries. Share Price 498.45 02:26 PM | 14 Sep 2023 15.25(3.15%) Oil And Natural Gas Corporation. Share Price 188.10 02:26 PM | 14 Sep 2023 4.20(2.28%) Eicher Motors. Share Price 3375.95 02:26 PM | 14 Sep 2023 55.65(1.67%) Mahindra & Mahindra. Share Price … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 17 % and 33% as per analysts’ price targets. Mahindra & Mahindra BROKERAGE: HSBC SECURITIES Price Target: Rs 1800 CMP: Rs 1,536.6 | Upside: 17.1% Tractor demand resilient despite lower than normal monsoon this year Likely weak … Read more
There was a time when having MNC stock was a must have in one’s portfolio. They reason, they were very liberal at giving bonuses, dividend payments were good and given the fact some of them actually owned the best of the brands, they had seen a secular growth, which meant they were also able to … Read more
After gaining an average of 14% this week and more than 30% in the last one month, railway stocks may now come under some profit booking pressure. “4 out of 5 major railway stocks like RVNL, IRFC, IRCTC and Railtel are overbought with RSI above 75. Even though the outlook for these stocks remains bullish, … Read more
Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more
Mumbai: Traders held back from carrying forward aggressive bets on Nifty futures to September on Thursday – when the August contracts expired – on expectations of modest moves in the benchmark index in the near future. Though the index closed below a key support of 19,260, analysts are not anticipating it would fall below 19,000 … Read more
U.S. stocks mostly edged lower on Tuesday as worries lingered that the Federal Reserve will need to keep interest rates higher for longer and as banks shares eased. Financials, down 0.8%, were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S. lenders weighed on bank shares, with the KBW regional … Read more
“India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government‘s impetus on infrastructure, on manufacturing, the economy is picking up,” says Aditya Shah, Founder, Hercules Advisors.Typically investors look at stocks that are going to give … Read more