The Indian stock market indices, Sensex and Nifty 50, were trading flat on Wednesday tracking weak cues from global peers. The resilience of the Indian economy, improving macros and the ongoing September quarter corporate earnings are supporting the domestic market amid global geopolitical concerns. Analysts believe market weakness can beRead More →
During the September quarter, foreign institutional investors (FIIs) boosted their investments in 130 Nifty 500 stocks. This suggests that these stocks have gained favour among global investors. Based on data from Trendlyne, six stocks witnessed a rise in FII holdings ranging from 5% to 41% during Q2 FY24 (September 2023Read More →
Sula Vineyards, the largest wine producer in India, saw a notable rise in its stock price, increasing by around 4% to reach ₹485 apiece in early trade on Thursday. This surge came in response to the company’s strong Q2FY24 sales update. In an exchange filing on Wednesday, the company saidRead More →
Global brokerage, JP Morgan’s top picks in the Indian Hospital space are Apollo Hospitals, Fortis Healthcare, and Rainbow Children’s Medicare following JP Morgan India Investor Summit 2023. All three of the stocks have ‘overweight’ ratings from the brokerage. JP Morgan hosted the management teams of Apollo Hospitals, Max Healthcare andRead More →
Even though the long-term view about the market remains strong because of India’s robust macro outlook, the short-term outlook of the market continues to remain hazy. Experts see mixed cues for October. “There are mixed cues for the October series, which historically has been a good month for markets. TheRead More →
For the month of September, Nifty 50 gained 2% while the Sensex rose 1.5%. The BSE Smallcap index also rose about a percent, while the BSE Midcap index jumped 3.7% in September. HDFC Securities Retail Research has come out with a list of its fundamental picks for a time horizonRead More →
“In the present favourable market mood, Nifty is likely to make another attempt at a new record high trying to conquer the psychological market of 20,000. But, investors have to be cautious since fundamentals do not support a sustained rise above 20,000,” said V K Vijayakumar, Chief Investment Strategist atRead More →
The stock has been on a bullish run in the last six months, gaining over 33 per cent against a 22 per cent gain in the BSE Auto index and a 10 per cent gain in the equity benchmark Sensex. Experts are positive about the stock for the long termRead More →
After falling 2.5 per cent in August, market benchmarks the Sensex and the Nifty are up nearly 2 per cent in September so far. While the sentiment seems to have slightly improved, the market has to deal with many headwinds in the short term. The risk of inflation is notRead More →
Shares of Devyani International rose over 5 per cent in morning trade on BSE on May 18, even as a day ago the company reported a fall in its net profit for the March quarter of FY23. The company, which is the largest franchisee of KFC and Pizza Hut inRead More →
