Real estate sector poised for much better times: Nilesh Shah

Real estate sector poised for much better times: Nilesh Shah

” Real estate essentially is a sector which is really poised for much better times. We think with softening in commodity prices and inflation lowering, interest rates probably have either peaked out or are likely to kind of trend lower which I think is going to be a stimulus or a catalyst for the real … Read more

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more

3 sectors Dipan Mehta is bullish on for near term

3 sectors Dipan Mehta is bullish on for near term

” I would like to just buy these midcap IT stocks at slightly more reasonable price to earnings multiples so there is margin of safety,” says Dipan Mehta, Director, Elixir Equities.At what point in time IT becomes what banks were in 2021. 2021, nobody liked banks. Everybody was worried about the impact of impact of … Read more

Strong bank, auto results boost Q4 blue­chip profits

Strong bank, auto results boost Q4 blue­chip profits

(This story originally appeared in on May 08, 2023) MUMBAI: It’s been halfway through the results season and the initial set of numbers for the January-March quarter (Q4FY23) show that frontline companies have performed slightly above estimates, with companies from the banking & financial services (BFSI) outperforming companies from other sectors. The 26 Nifty companies … Read more

LIC ignores bear howls to strengthen hold on Dalal Street’s most hated corner

LIC ignores bear howls to strengthen hold on Dalal Street’s most hated corner

NEW DELHI: Snubbing bearish views of most foreign institutional investors (FIIs) on IT stocks amid recession-related worries in western economies, India’s largest domestic investor LIC is making a contra bet. The March quarter shareholding pattern shows that the state-owned insurer hiked stakes in seven of the biggest Indian tech majors – TCS, Infosys, Tech Mahindra, … Read more

Brokerages cut TCS earnings, price targets

Brokerages cut TCS earnings, price targets

Mumbai: Several domestic and foreign brokerage firms slashed their earnings estimates and price targets on Tata Consultancy Services (TCS) after India’s largest IT services company delivered a weaker-than-expected fourth-quarter earnings and gave a cautious commentary on trends in the immediate future. For instance, JPMorgan maintained its underweight rating and slashed its revenue estimate by 1% … Read more

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

NEW DELHI: The world over investors have been dumping bank stocks in the wake of the banking turmoil in the US and Europe but foreign institutional investors (FIIs) are singing a different tune when it comes to India. Market data shows that FIIs ended up buying financial stocks worth about Rs 2,800 crore in the … Read more

Sensex snaps 3-day winning streak, falls 542 pts on US rate jitters

Sensex snaps 3-day winning streak, falls 542 pts on US rate jitters

Domestic investors were left a worried lot over reports of a likely faster and longer period of interest rate hikes from the US Federal Reserve. Indian equity markets posted their biggest one-day drop in over two weeks on Thursday, snapping a three-session winning streak, dragged by index heavyweight Reliance, ICICI Bank and IT stocks. The … Read more

Stocks to buy today: 5 short-term trading ideas by experts for 16 February 2023

Stocks to buy today: 5 short-term trading ideas by experts for 16 February 2023

On the back of an upsurge in US indices and other Asian counterparts, Sensex and Nifty opened on a positive note with buying seen across sectors. “While intra-day sideways movement could continue amid sluggish mood in global equities, traders would take solace from the return of FIIs into the local markets, as they have been … Read more