Sebi plans to allow voluntary freezing of clients’ trading account from July 1
Currently, voluntary blocking/freezing of demat accounts is already available for investors, and this facility is now proposed to be offered for their trading accounts also, Sebi said.
Tech View: Nifty bulls eye 22K next week. What traders should do
Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside.
Tata Consumer shares rally 4% to new peak on two new additions in portfolio
The Tata firm is also said to be picking a controlling stake in Organic India for a Rs 1,800 crore valuation from FabIndia. Fabindia is backed by Premji Invest and Lighthouse Capital, and owns over 40% stake in Organic India, based in Lucknow.
HCLTech, Wipro results today: Top watchlist for Dalal Street, trading strategy
HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech’s revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see […]
Infosys shares jump 7% on Q3 results. Is the downgrade cycle over?
Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary […]
TCS shares jump over 3% as Q3 earnings beat Street estimates. Should you buy?
Tata Consultancy Services (TCS) shares jumped over 3% following its Q3 results. Morgan Stanley upgraded the stock to Overweight, while Motilal Oswal and Nuvama reiterated their buy stance. TCS reported higher-than-expected revenue but lower bottomline. Morgan Stanley raised the price target to Rs 4,240. Motilal Oswal has a target of Rs 4,250. Nuvama revised the […]
S&P downgrades Vedanta Resources over “distressed” bond extension
S&P Global Ratings reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet its other obligations on time. The cut comes after Moody’s downgraded the miner’s corporate family rating and senior unsecured bonds earlier this week.
Hot Stocks: Brokerages view on Infosys, TCS, Polycab and Macrotech Developers
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers.
F&O stocks to buy today: Vedanta, TVS Motor among top 6 trading ideas
On the weekly options front, the maximum Call OI is placed at 21700 strikes and then towards 22000 strikes while the maximum Put OI is placed at 21000 strikes and then towards 20800 strikes.
Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings
Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro’s performance is expected to be muted due to […]