Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more
Against this backdrop, key themes such as infra, BFSI, FMCG, and metals will be in focus in the run-up to the Budget and thereafter. The brokerage expects the overall capital expenditure for the infra segment in the Budget to increase by 20% year-on-year (YoY). The focus will be on the development activities such as roads … Read more
Once again volatility is back, down one day, up another. During the period of correction and volatility, there were select stocks which were able to outperform and gained weight, by closing in green in a market which is under pressure. Also they also saw their rating improve. A number of them have seen their score … Read more
Notwithstanding the upheaval on Dalal Street amid a rise in the US dollar index, domestic brokerage Prabhudas Lilladher has increased its Nifty target to 20,057, signalling an upside potential of 14.5 per cent for June 2023. “Nifty EPS has seen only minor tweaks in the current quarter with 13.2% EPS CAGR over FY22-24 with FY23/24 … Read more
MUMBAI: Much like our attention span, the sell-off in midcap and smallcap stocks this week proved to be fleeting. Post the clarification by the BSE on Wednesday over its new surveillance rules, dip buyers, who were sitting on the fence for a correction, lined up to buy shares of midcap and smallcap companies that had … Read more