Tech View: Nifty charts hint at more upside ahead. What should traders do on Wednesday
Chartists said though Nifty is advancing gradually on the upside, its consistent up move above the hurdles signals more upside ahead. “A decisive movement above 17,800 levels is expected to open the next upside target of 18,200 levels in the near term. Immediate support is at 17,650 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC […]
IMF cuts India’s FY24 GDP forecast to 5.9%
“Over the medium term, the prospects for growth now seem dimmer than in decades,” the IMF said in its flagship World Economic Outlook, lowering the global growth forecast for 2023 to 2.8% from 2.9% estimated earlier and sharply lower than the 3.4% expansion in 2022.
Exchanges to set common equilibrium price for listing day post IPO: SEBI
The call auction session will continue to be conducted separately on individual exchanges and orders will be matched by respective exchanges after computation of equilibrium price. The applicable rules will come into effect after 60 days from today
Momentum Pick: Zydus Lifesciences can gain 8-20% based on these technical, fundamental triggers
Zydus Lifesciences has given returns of more than 35% over a 12-month period outperforming the Nifty50 which has given 1% returns during this period according to data sourced from Trendlyne.
Sky’s the limit. We want to keep pushing ourselves & are due for a rerating: Amitabh Chaudhry, Axis Bank
“18% ROE is what we want to aim for. We have never come even close to that number. And you will see over the last couple of quarters we have started hitting that number. Before you say it, yes, it was helped partly by the expansion we got on the rent advice.”
2 top stock recommendations from Sudeep Shah
I feel that eventual levels that we could see on Nifty would be 17,850, 17,900 in the next few sessions. And just to add to this, Bank Nifty has also started showing a good traction.
All high-frequency indicators for domestic economy seem to be quite robust: Vinod Karki
So, if you look at for March, GST is 1.6 trillion, no one is even talking about it. And that is not the March effect because that will show up in April. It comes with a lag. And if you look at both the PMI for manufacturing and services, it is pretty robust.
Kotak Mahindra Bank shares soar 6% on likely $690 million MSCI inflows
The action in Kotak Bank stock was high with over 36.8 lakh shares changing hands around this time. The stock has corrected from its 52-week high of Rs 1.997.55 which it hit in November 2022. It has marginally outperformed the Nifty50 index, giving returns of over 2% over a 12-month period as against a 0.3% […]
Sectoral Spotlight: Metals in focus as Q4FY23 earnings season kicks-off; watch out for SAIL, Hindalco
Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.
Avalon IPO share allotment expected on April 12. How to check status
Avalon Technologies is one of the leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations in delivering box build solutions in India. The company provides a full stack product and solution suite, from printed circuit board design and assembly to the manufacturing of complete electronic systems.