Hot Stocks: Brokerage view on L&T, ICICI Lombard, RIL and Medanta
CLSA maintained a buy rating on ICICI Lombard with a target price of Rs 1550. Motor segment is picking up momentum with each passing month.
Indian government continues to purchase Canada lentils for buffer stock
The Indian government is continuing to purchase lentils from Canada despite the strained diplomatic relations between the two countries. This is part of India’s efforts to build buffer stocks and stabilize the high prices of pulses. Two central government agencies have issued tenders to procure red lentils from the local market as well as through […]
Golden Crossovers: 3I Infotech among 4 stocks signaling further bullishness
Uday Kotak says Lehman & IL&FS crises have lessons for China’s Evergrande
On Thursday, trading in shares of China Evergrande were suspended after a report that its chairman had been placed under police surveillance, stoking concerns over the developer’s future as it struggles with a growing threat of liquidation, Reuters reported.
At multi-year highs: Coal India among 4 stocks that saw 5-year swing high breakout
Shares of China Evergrande suspended as chairman under police watch
Trading in shares of China Evergrande were suspended on Thursday after a report that its chairman had been placed under police surveillance, stoking concerns over the developer’s future as it struggles with a growing threat of liquidation.
Festive wave may lift India’s industrial growth in coming months
Industrial growth hit a three-month high of 5.7% in July from 3.8% in June. “You can’t get a better time for manufacturing than now; festival season is followed by elections, with rabi and marriage season,” said Madan Sabnavis, chief economist at Bank of Baroda.
Bank Nifty may yet send Octoberfest invite
Over the last 10 years, the index has gained in seven instances between October and December. The question that traders are asking is whether the seasonal trends in Bank Nifty of the past decade will play out again this time too? A lot will depend on how HDFC Bank and ICICI Bank move in this […]
Nomura upgrades India to overweight; ICICI, Axis and RIL among top picks
“We see recent softness driven by higher oil prices as an opportunity to raise exposure,” said Nomura’s analysts including Chetan Seth, Anshuman Agarwal, and Ankit Yadav in the firm’s Asia strategy note to clients. “While this weakness may persist in the near term, thus presenting even better timing, we think the window of opportunity might […]
RBI, CCIL may extend trade time for overseas players
“There will be an increase in bond volumes as we head near the JP Morgan index inclusion in June,” a source aware of the matter said. “There could be a need for authorities to see if it is necessary for foreign trade reporting time or trade time on the Clearing Corporation of India (CCIL) to […]