The Nifty formed a small-bodied bearish candle on Tuesday and remained indecisive between bulls and bears. The hourly Nifty time frame chart showed a negative divergence formation in RSI. However, the index needs to hold above the 18181 zones to see an up-move towards the 18350 and 18500 zones, while support is at 18181 and […]
Indian metal stocks suffered a drop of nearly 15% in CY23, making it the second-worst performer after the Nifty Media. Despite many analysts and brokerage firms highlighting that the drop provided an excellent buying opportunity, there was enough negative sentiment to overshadow the positive news. Headwinds such as China’s slowing economy, the imposition of heavy […]
The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices. Thirty-three of the 38 analysts that cover the conglomerate have buy ratings, with many citing attractive valuations as well as optimism for its various oil-related, […]
The S&P BSE Sensex breached the psychological 62,000 mark on Tuesday, just 2.5% away from the December 2022 all-time high. Chief Investment Strategist at Geojit Financial Services VK Vijayakumar warned investors on the valuation front, saying that the upside to the market was likely to be capped despite the momentum being with the bulls.
Nexus Select Mall, expects its businesses dependent on consumption to continue growing strongly, as pre-pandemic consumption grew at around 10%. The Blackstone-backed REIT, which has a 45% stake in the company, has 17 malls across 14 Indian cities and 3,000 stores giving footfall of 130 million customers in a year. The company plans to expand […]
Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed […]
We are making certain investments in strategic areas to enhance our ability: Anuj Jain, Kansai Nerolac Paints
You know better about the market but I can say we are working to support all our businesses and in this quarter all businesses have grown well so to that to an extent the result was good.
Well, the dollar has been the world’s reserve currency for many decades and yet during those decades it is not been a one way street. It is gone up and down like a yo-yo so I do not think the reserve currency status of the dollar, by definition, determines where it is going to go.
Indian equity markets saw an increase led by banks and auto stocks, with the S&P BSE Sensex up 0.30% and the broader Nifty50 up 0.31% in early trading. However, the IT sector recorded a drop and Nifty PSU Bank fell 0.82%. Dharmesh Shah from ICICI Securities recommended buying Reliance Industries and IDFC First Bank, amongst […]
In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed their previous five-year high value at the close on May 8, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.