FPI Deluge: Foreign investors buy big in India.
FPI investment in June was Rs 47,148 cr ($5.7 billion), the most in 10 months. Here’s a look at the FPI rush into India.
Breakout Stocks: How Suzlon, L&T Finance and HPCL are looking on charts for Tuesday
The oil & gas, energy, public sector, and metals sectors performed well, while healthcare, capital goods, auto, and IT sectors experienced some selling pressure. Stocks like Suzlon, L&T Finance, and HPCL were in focus. Analyst Kumar Saurabh highlights that Suzlon and L&T Finance have potential for gains, but caution is needed due to their distance […]
TCS, HCL Tech to kick-off Q1 earnings season on July 12; Infosys results on July 20
Indian IT companies, including TCS, HCL Technologies, and Infosys, are set to release their earnings for the first quarter of 2023. Despite an uncertain global environment and muted demand, Jefferies expects a small decline in aggregate revenue and a contraction in margins. They anticipate Infosys may lower its guidance, while TCS could announce a buyback. […]
Five decisions you should not delay in your investment journey
Most of the other decisions that we make are linear whereas investment related, especially decisions related to appreciating assets, they tend to be cyclical and I think it is important that you have somebody who has seen some cycles in this market, he has understood the ups and downs in the market.
Nithin Kamath on why moving away from SGX Nifty to Gift Nifty could be a game changer
Singapore Exchange (SGX) has shifted all open positions to Gift City, as SGX Nifty fully settles a five-year feud between NSE and Singapore Exchange. Nithin Kamath, CEO of Zerodha, believes this shift will help GIFT City become an international financial centre and attract more capital. Kamath also pitches for relaxations in the cumbersome NRI account […]
Will bulls reign on D-Street this Q2? See what 3-year history shows
Indian equities are expected to continue their double-digit gains in the current quarter due to favorable conditions compared to other emerging markets. The Nifty 50 index has historically performed well in the July-September period, with high single-digit to low double-digit returns. Strong foreign portfolio investor (FPI) inflows, supported by strong corporate earnings growth and favorable […]
Tech View: Nifty showing overbought signs. What traders should do on Tuesday
After a recent rally, the Nifty index closed at a record high above 19,300 levels and has been consistently making higher highs and higher lows. Analysts suggest that the index needs to hold above the 19,250 zone to continue its upward movement towards the 19,400 and 19,500 zones. On the downside, support is seen at […]
Nifty valuation more sober today than in October 2021: Motilal Oswal
Motilal Oswal, a domestic brokerage firm, has stated that the valuations of Indian stock markets are now more reasonable compared to their highs in October 2021. The Nifty trades at a 12-month forward P/E of 18.8x, at a 6% discount to its long-period average. Nifty EPS grew by about 19% during FY20-23. Despite the Nifty […]
Motilal Oswal reiterates ‘Buy’ on Paytm, sees another 21% rally
Motilal Oswal has reiterated a ‘Buy’ rating on One 97 Communications stock, with a price target of Rs 1,050. The brokerage believes the stock has the potential for gains of over 21% from current levels. Motilal Oswal highlights the fintech company’s strong business momentum and ability to maintain a high-quality loan portfolio as key factors […]
Most Adani stocks recover from Hindenburg-led mayhem, but worries persist
Shares of most Adani Group companies have rebounded in the June quarter after a tumultuous March quarter. Adani Enterprises saw a net gain of over 36% in the quarter, while Adani Power gained more than 30%. The recovery was driven by the group’s efforts to reduce debt, decrease pledged shares, and positive initial findings by […]