Most Adani stocks stage a comeback. Check out top gainers from the pack
Shares of Adani Group companies rallied on Tuesday, a day after it prepaid some loans. >> For more such web stories click on the ET icon below
Interaction with govt must be on futuristic ideas, Nirmala Sitharaman tells industry
“The industry will have to come up with ideas, talk with government…The need of the hour is to give money where there is an idea waiting to bloom and that idea is going to have an impact on several of us. And the search for ideas should be from you (industry),” Sitharaman said.
Tech View: Nifty charts hint at selling pressure on every uptick. What traders should do on Wednesday
As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.
Sensex ends 215 pts lower, Nifty below 17,800 ahead of RBI’s rate decision
From the Sensex pack, Tata Steel was the worst performer, declining 5.5%. ITC, Maruti, HCL Tech, Tata Motors and Sun Pharma also closed with losses
Long-term investors can pick Adani Ports and Adani Wilmar: Sudip Bandyopadhyay
If you look at the valuation also these were relatively reasonably valued even pre-correction and now post-correction they are definitely attractive from a long-term investor’s point of view so this can be acquired.
FII holding in Nifty’s crown jewel at 5-year low! Will fortunes change?
As of December 2022, the total FII ownership in Reliance Industries stood at 23.48%, and for six quarters in a row, this investor community has reduced its holdings.
Tata Steel stock falls 5% after surprise net loss in Q3. Should you buy, sell or hold?
For the India business, the company has reported a profit of Rs 1,918 crore with a revenue of Rs 32,325 crore for the period under review. India deliveries stood at 4.74 million tonnes, and were up 7% YoY, primarily driven by 11% growth in domestic deliveries, which has also enabled an improvement in product mix.
$4 billion-FII retreat turns Nifty into world’s worst performing stock index
So far in the calendar year 2023, Nifty has lost about 2% of its value while both developed and emerging market indices are making investors richer. On a year-to-date (YTD) basis, the S&P500 is up 7%, UK’s FTSE 5.2%, South Korea’s KOSPI 9.8%, China’s Hang Seng 8.7%, Japan’s Nikkei 6.3% and Australia’s ASX200 6.9%.
Hot Stocks: Global brokerages on LIC Housing, Medplus Health, Paytm, Varun Beverages and Tata Steel post Q3
JPMorgan maintained an overweight rating on Tata Steel with a target price of Rs 140. “Large PAT loss was driven by inventory NRV hit in Europe,” JPMorgan said.
3 sectors Deven Choksey is bullish on in near term
In Indian space some of the mid-tier IT companies look really interesting. They have reasonably good amount of niche and at the same time the growth rate would be higher compared to the frontline IT companies and I am talking about the likes of LTTES or LTI Mindshare or for that matter even Cyient Technology.