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
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Tata Steel and SAIL. Motilal Oswal has a buy rating on Max Healthcare and Cyient. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Steel: Equal Weight on Tata Steel & SAIL Morgan Stanley maintained … Read more
The Indian market closed higher on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 500 points, while the Nifty50 closed above 19,400 levels. Sectorally, buying was seen in metals, utilities, telecom, and public sector while some selling was seen in healthcare stocks. Stocks that were in focus included names like MTAR … Read more
MUMBAI: Tata Steel today reported a consolidated net profit of Rs. 9,768 crore for the quarter ended June as against a net loss of Rs. 4,648 crore in the year-ago quarter. Analysts had expected the company to report a consolidated net profit of Rs. 9,306 crore. The country’s largest steelmaker reported a 109.5 per cent … Read more