More than half of Indian equity investors come from non-metro cities: Study
Over half of equity investors in India are from non-metro areas, according to a study by equity investment advisory firm Research and Ranking. Of the 2,000 respondents, around 50% of investors had not experienced a complete business cycle, suggesting potential limited exposure to market fluctuations, but around 60% adopted a long-term investing approach. The survey […]
LIC increases stake in this Nifty bluechip stock through open market
Life Insurance Corp (LIC) has raised its stake in Indian IT services firm Tech Mahindra to 8.8% from 6.8%, having added 1.96 crore shares through open market transactions. LIC saw its income from investments increase slightly to INR67,846 crore ($10.5bn) for the January-March period. Tech Mahindra shares ended 0.85% higher at INR1,095 on the NSE […]
Ahead of Market: 10 things that will decide D-Street action on Thursday
Equity markets in India ended the day strong anticipating dovish policy action by the RBI governor, extending gains to the fourth consecutive session to more-than-six-month highs. Consumer goods, metals and realty stocks contributed to the rise of the blue-chip Nifty 50 and Sensex, which rose 0.68% to 18,726 and 0.56% to 63,143 respectively. The participation […]
9 commodity stocks touch new 52-week high, rally up to 40% in a month
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Tech View: Nifty forms long bull candle ahead of RBI policy. Is record high in the vicinity?
The Nifty50, the benchmark index of the National Stock Exchange (NSE) of India, broke through the critical resistance level of 18,700 points and even closed higher at 18,726.40 points on Wednesday, signalling an attempt at an uptrend. Analysts predict that the Nifty could reach an all-time-high of over 18,889 in the short term, with immediate […]
Nifty Bank zooms 3,000 pts since last RBI policy; what will happen this time?
The Reserve Bank of India (RBI) is expected to maintain interest rates during its three-day meeting which started on 4 June. Favourable economic conditions, including 4.7% consumer price index-based inflation, easing crude oil prices and 6.1% GDP growth are credited with the rise. The positive data has resulted in widespread optimism among investors that interest […]
Hindenburg-inflicted losses still weigh heavily on Adani stocks
Indian conglomerate Adani Group is still struggling to recover from short seller Hindenburg Research’s report on its financial practices in January. While two of Adani’s 10 stocks have rebounded, the company has lost over $100bn since the report’s release, as investors reassess the firm’s valuation. Abhay Agarwal, founder and fund manager at Piper Serica Advisors, […]
FMCG Q4 Review: Volume growth drives Q4 earnings; F&B, home care outperform
After five quarters of decline, fast moving consumer goods (FMCG) companies experienced positive volume growth in Q4FY23, largely due to improved performance in urban markets. FMCG prices grew in the same period, despite dwindling volumes, due to high commodity prices. However, with commodity prices now softening, the sector’s fortunes could reverse. The category outperformers are […]
Hot Stocks: Brokerage view on JSW Steel, Eicher Motors, SBI, Sun Pharma and Nykaa
Morgan Stanley has maintained an overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa, while initiating an equal-weight rating on Eicher Motors. The brokerage expects JSW Steel to reach a target price of Rs 580, with a reaffirmed volume guidance of 24.2mt, and sees a steady loan growth of 12-14% for SBI in FY24. […]