In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more
Global brokerage firm Citigroup maintained a sell rating on , JPMorgan remained underweight on , and Morgan Stanley has an overweight rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Suzuki: Overweight | Target Rs 10,483Morgan Stanley maintained an overweight rating on … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more
The Nifty managed to close above the support zone of 16,750-17,000, but absence of momentum is hindering an upmove. Technical analysts expect the index to consolidate in 16,450-17,450 range till October F&O expiry. Analysts said stocks such as , , ABB, , Angel One, , and could witness strength in the near term. ASHISH CHATURMOHTA … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … Read more
Indian market opened higher on Monday despite muted global cues. The S&P BSE Sensex rallied more than 200 points to reclaim 59,000 mark while the Nifty50 also rose above 17,600 levels in the first 15-minutes of trade. Sectorally, buying was seen in metals, telecom, realty, banks and finance stocks while selling was seen in healthcare, … Read more
Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied more than 700 points while Nifty50 closed above 17,100 levels. Sectorally, the rally was seen in metals, energy, oil & gas, IT, and consumer durables. Stocks that were in focus include which hit a fresh 52-week high, … Read more
Technical and derivative analysts expect the Nifty to rise further in the coming week, up to 16,000 levels. The Nifty gained 2.7% last week to 15,699.25, outperforming most of the Asian peers. SUDEEP SHAH HEAD, TECHNICAL & DERIVATIVES RESEARCH, SECURITIES What should investors/traders do? Investors should look to buy the dips until 15,450 levels are … Read more
Mumbai: Shares of automobile makers surged on Thursday as the recent decline in global commodities, including metals, prompted investors to lap up some of the battered names. The BSE Auto index jumped 4.4% emerging as the top sector gainer on Thursday led by gains in Maruti Suzuki India‘s shares which rose 6.3% to 8,274.60. Eicher … Read more