The Indian market is expected to trade higher on Friday tracking positive global cues. India VIX was up by 3.71% from 11.31 to 11.73 levels on Thursday. Volatility spiked to 12.7 zones during the day and paved the way for the bears to completely take over the market. Since it is the beginning of new … Read more
The Indian market is expected to inch higher on Friday. The trend remains mixed; hence, some profit-taking could be seen at higher levels. The S&P BSE Sensex rose nearly 500 points while the Nifty50 closed just a shade below 20,000 on Thursday. India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed above 18500 levels on Friday. India VIX was down by 1.22% from 11.25 to 11.12 levels on Friday. Volatility has been falling for the last four weeks. On the … Read more
Brokerage firm Jefferies maintained a buy rating on Sunteck Realty. Credit Suisse is bullish on L&T, UltraTech Cement, and Cummins India while it maintains an underperform stance on Container Corp, ABB India, and Voltas. CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle … Read more
Shares of Tata Power, Nelco, Indian Hotels Company, Voltas, Tata Investment Corporation, Tata Chemicals, and Tata Steel will trade ex-dividend this month. With a market cap of Rs 1,413 crore, Nelco is a leading satellite communication (SatCom or VSAT) service provider in India. It will trade ex-dividend on Monday, June 6, with a final dividend … Read more
The Indian market opened higher on Friday tracking positive global cues. The Nifty 50 index rose 192 points or 1.11% to 17,507, while the S&P BSE Sensex surged 638 points or 1.16% to 59,547, as of 10.15 am. The S&P BSE Sensex fell more than 500 points while the Nifty50 fell below 17,350 level on … Read more
“It has been a difficult market. We have raised more cash. We are sitting at about probably 7% cash. And so what we have done is basically lowered down some of the cyclical sectors, global sectors that is metals,” says Chakri Lokapriya, CIO & MD, TCG AMC.It is a market which is giving everybody a … Read more
“I would like to suggest a “long strangle” strategy for the budget, though it will be risky given the high premiums of the options. Besides, after a few days of consolidation, Nifty looks good for a directional move,” says Rupak De, Senior Technical Analyst at . In an interview with ETMarkets, Rupak said: “Nifty could … Read more
“The trend is actually like you said neutral or it is more towards sell on rise because for any sort of upside trend change, we will see that Nifty has to close above 18,250 in future,” says Shilpa Rout, Prabhudas Lilladher.A view on the market after yesterday’s so called selloff led by FII selling. What … Read more
Global brokerage firm Goldman Sachs maintained a buy rating on M&M, while Credit Suisse retained Underperform on . At the same time, Jefferies maintained hold on SRF and JPMorgan neutral on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on M&M: Buy| Target Rs … Read more