The domestic market continued reeling under selling pressure on Thursday, October 26, as the key indices the Sensex and the Nifty 50 suffered losses for the sixth consecutive session. In the last six sessions of losses, benchmarks the Nifty 50 and the Sensex are down about 5 per cent each.Read More →
Despite the bearish trend in the overall market, Sona BLW Precision Forgings, an automotive technology company, witnessed a strong spike in its shares on Thursday after the company posted the highest-ever revenue, EBITDA, and net profit for the September quarter. The company on Wednesday posted a 34% YoY and 15.7%Read More →
MUMBAI : Indian stocks extended their decline for a fifth straight session on sustained selling by foreign and retail direct investors amid rising bond yields in the US, the Israel-Hamas war, which is now threatening to engulf other countries, and rising crude prices. Market experts expect stocks to fall further.Read More →
Shares of Balkrishna Industries, one of the leading manufacturers of over-the-highway tyres, extended their winning streak for the second consecutive trading session on Wednesday, rallying 2.84% to register a new 52-week high of ₹2,640. This increase in stock price is attributed to the company’s Q2 FY24 performance, which came inRead More →
MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE)Read More →
The global bond markets are going through a rough patch. US yields hit a fresh 16-year high after a bond selloff amid growing concerns on hawkish policy comments and interest rates which are likely to remain elevated for a longer period of time. This will in turn lead to aRead More →
Movement in crude oil prices, global trends, and quarterly earnings will drive the Indian equity markets this coming week, analysts told PTI. Notably, the coming trading week is shortened by the Dussehra holiday on October 24. The Israel-Hamas war will prompt investors to keenly eye the Middle-East for trading activityRead More →
The equity market is dealing with multiple headwinds at this juncture. The US government bond yields have hit the 5 per cent mark for the first time since 2007 as the US Fed remains hawkish. On the other hand, the Israel-Hamas war has raised the concern that it can escalateRead More →
Brokerage house ICICI Direct has chosen Mahindra Logistics (MLL) as its ‘high conviction idea’ for a period of 6-12 months. The brokerage has a target price of ₹450 for the stock, indicating an upside of 18 percent. This comes after a 25 percent fall in the stock in the lastRead More →
After an almost 12 percent jump in the stock just in October, domestic brokerage house Systematix Institutional Equities has initiated coverage on Arvind Fashions with a ‘buy’ call. It is a focused player with a strengthened balance sheet and attractive valuations, it said. The brokerage has a target price ofRead More →
