February heat may damage wheat crop: IMD

“The higher day temperature might lead to an adverse effect on wheat as wheat crop is approaching reproductive growth period, which is sensitive to temperature,” the IMD said in a statement. “High temperature during flowering and maturing period leads to a loss in yield. There could be a similar impact on other standing crops and […]

2 top stock recommendations from Hemen Kapadia

Normally we would look for something like FMCG but if you see long-term charts of Colgate, I mean they are scary. It seems to have finished a multi-year bull run, Lever going nowhere, Dabur looking heavy. Pharma as a sector you would look at the defensive. IT is a new defensive now, I guess. Pharma […]

ACC, Ambuja Cements shares rise up to 4%. Here’s why

The new freight rates finalised with transporters for single axle trucks of 12 tonnes would be Rs 10.30 a tonne per km for Ambuja Cements’ Darlaghat plant and ACC’s Gagal plant as compared to earlier rates of Rs 11.41 for Gagal and Rs 10.58 for Darlaghat units earlier.

FPI selling in Indian stocks moderates in first half of February

The moderation in FPI selling comes as the valuation gap between India and China normalised. The Indian market’s premium to China is back in line with the 10-year average at the end of January, Christopher Wood of Jefferies said in his latest weekly newsletter GREED and fear.