Outlook on insurance sector looks strong; SBI Life, ICICI Lombard top buys
The Insurance Regulatory Authority of India has given insurers permission to launch group and individual unit-linked life and health insurance products without prior approval. While general insurance has been flourishing in India, the growth of life insurance moderated in April and May 2023 after a surge in March, just prior to regulatory changes. SBI Life […]
Tech View: Listless Nifty forms Doji candle on charts. What traders should do on Tuesday
India’s VIX rose slightly but stayed at lower levels, resulting in a choppy market with little movement. Options data indicates a narrower trading range with a shift between zones of 18,500 to 19,000. Analysts have said that until there is a decisive breakout on either 18,500-18,800 band, trends will remain complex. A minor upside bounce […]
Taller highways construction targets being fixed ahead of 2024 elections
A senior Roads Ministry official told ET that highway construction goals for the fiscal are being redrawn after top government functionaries expressed dismay at modest targets. He also said there will be higher retail participation in the coming round of National Highways Authority of India (NHAI) infrastructure investment trust (InvIT) fund raise.
Down up to 24% from high, are IT stocks like Infosys a steal deal now or overpriced?
India’s IT stocks are being shunned by institutional investors despite the fact some are up to 25% below their 52-week peak levels. The Nifty IT Index is still trading at a 10% premium compared to its 10-year average valuations, with the likes of IT giants TCS, Infosys, HCL Tech, Wipro and Tech Mahindra still trading […]
ICICI Bank to consider delisting of ICICI Securities on Thursday
In its filing to the exchanges on Monday ahead of market opening hours, the lender said that the proposal to delist ICICI Securities will be in accordance with Sebi (Delisting) regulations.
Stocks to buy today: BHEL, Bharti Airtel among top 9 trading ideas
Indian markets are predicted to trade higher on Monday following optimistic global cues, with Nifty forming higher highs for thirteen weeks. Monthly maximum Call OI is placed at 18,800, while the monthly maximum Put OI is at 18,500. Suggested stocks for short-term traders include Dr. Reddy’s Laboratories, Bharti Airtel, and IndusInd Bank from Chandan Taparia, […]
Hot Stocks: Brokerages on Tata Consumer, Eicher Motors and Asian Paints
Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy’s Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs […]
Outlook on metal stocks remain bearish, FMCG ripe for pullback: Anand James
Multiple attempts to push beyond the record peak, turned to be futile, with the rejection trades thereof ended up with sharp falls on the last two days of the week. The 200+ points fall from the top has forced a close, slightly below the 20 day moving average, which is the first time since late […]
ETMarkets Fund Manager Talk-Being overweight on these 3 sectors led Tata MF large, midcap funds outperform benchmark
For Tata Largecap fund, an overweight exposure to financial services and capital goods contributed to the outperformance, says Chandraprakash Padiyar, senior fund manager – equity at the fund house.
Positive Breakout: 4 stocks close cross above their 200 DMA
In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on June 23, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular […]