After hitting multiple record highs in December and crossing many milestones, the Indian benchmark indices were muted in trade today, December 13, ahead of the US Fed meeting outcome later today. Moreover, the market sentiment was also impacted by profit booking. The 30-share BSE Sensex ended higher by 33.57 pointsRead More →
As of December 13, the stock has been on an upward trajectory for the twelfth consecutive day, setting a new record for continuous gains, surpassing its previous record of 11 straight days of positive movements. During intra-day trading on this day, the stock rose as much as 2.5 percent, reachingRead More →
According to a Mint poll of 23 economists, India’s retail inflation likely rose 5.8 per cent in November. A Reuters poll of 41 economists predicted India’s November CPI rose 5.70 per cent in November. On the other hand, the estimates of global financial firm Barclays show India’s CPI-based inflation mightRead More →
JPMorgan Chase & Co. strategists forecast a rise in the Cboe Volatility Index (VIX) in 2024, marking a climb from its lowest point since pre-pandemic levels experienced this year. The extent of this increase, they suggest, hinges upon the economic vigour during the year ahead. VIX Projections and Economic FactorsRead More →
New Delhi: Following are the stocks that could be in focus on Friday: Zomato: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated ₹1,127.5 crore, or $135 million, as per the term sheet of the blockRead More →
The domestic equity market witnessed healthy gains on Friday, December 1, with the benchmark Nifty 50 hitting its fresh record high of 20,291.55 in the intraday session on all-round buying after India’s Q2 GDP numbers exceeded expectations. Nifty 50 finally closed 135 points, or 0.67 per cent, higher at 20,267.90Read More →
Nifty 50 is inching closer to its record high level of 20,222.45 which it hit in intraday trade on September 15 this year. Nifty 50 touched the level of 20,136.15 in morning trade on Thursday, November 30. However, it erased all gains later and traded about 30 points lower aroundRead More →
On the back of strong stock performance, healthy growth outlook, strong financials, and India’s aspiration to enhance power generation capacity, brokerage house Ventura Securities has initiated coverage on JSW Energy with a ‘buy’ call and a target price of ₹530, indicating an upside of 34 percent over the next 24Read More →
After an over 43 percent jump in the stock in 2023 YTD, brokerage house Elara Securities reiterated its ‘sell’ call on RITES with a target price of ₹370, indicating a downside of over 21 percent. The stock has gained 23.5 percent in the last 1 year. It hit its recordRead More →
The stock shed as much as 4.3 percent in intra-day deals on Wednesday. Meanwhile, in 7 sessions (November 13-22), it has declined to around 12.5 percent. It has also gained 13 percent in 2023 YTD and 36 percent in the last 1 year. But in the last 4 years, theRead More →
