Tech picks: CDSL, Borosil among 5 stock ideas for up to 20% returns in short-term
Domestic markets had yet another week of breaching all-time highs on buying in heavyweight stocks in the run-up to the Budget. Looking forward, analysts say the market direction will largely be influenced by upcoming earnings reports and discussions on the Union Budget. Global market trends, particularly the robust performance of US markets, will also be […]
Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO
Bengaluru-based Zinka Logistics Solutions, India’s leading platform for truck operators, has filed its draft red herring prospectus with market regulator Sebi to launch an IPO. The IPO comprises a fresh issuance of Rs 550 crore and an OFS of up to 2.16 crore equity shares by promoters and investor selling shareholders.
3 infra-linked sectors may see a disproportionate increase in biz: Vinayak Chatterjee
“There is a consensus, officially, that India’s aspirational target is 8% GCFI, gross capital formation, and infrastructure, as a percentage of GDP, so that is my starting point. If in this budget year, you are going to try and reach that aspirational target of 8% GCFI, you need to spend Rs 13.5 lakh crore,” says […]
FDI makeover on the horizon? Govt eyes major overhaul in defense, insurance and plantation in budget move
The Indian government is considering reviewing FDI caps for key sectors like defence, insurance, and plantations to streamline processes and boost investment. This move aims to address stagnating FDI flows, despite India’s ‘China Plus One’ strategy.
MFs’ share in total institutional equity hits a record
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Mazagon Dock shares can rally up to Rs 6,700 before consolidating: Anand James
Towards this end, we would start the week, with expectation of extension in uptrend aiming 24500 or 24720-800. Downside marker is placed near 24250, but we will wait for slippage past 24130 to abandon the upside view.
Big movers on D-Street: What should investors do with Raymond, RBL Bank and AstraZeneca India?
NSE Nifty hit a record for the third session, Sensex fell below 80,000. Stocks: Raymond (+10%), RBL Bank (-1.28%), AstraZeneca India (-3.77%). Pravesh Gour of Swastika Investmart noted Raymond’s bullish flag formation with MACD and RSI support. Demand zones and support levels for RBL Bank and AstraZeneca India were also provided.
Tech View: A break above 24,500 could take Nifty to 25,000
Technical indicators suggest the current up-trend in Nifty is likely to continue, with any decisive breakout above 24,500 potentially indicating a move towards the 25,000 milestone, analysts said. Stocks recommended by analysts for trading this week include Reliance Industries, SBI, HAL, L&T, BHEL, Bharat Dynamics, Aurobindo Pharma, Apollo Hospitals, Deepak Nitrite, Lupin, Marico, and ONGC.
MFs’ share in total institutional equity hits a record
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Asia shares firm, euro dogged by French election deadlock
Asian stocks increased on U.S. rate cut anticipation and French elections blocking Marine Le Pen’s far-right. S&P 500 futures fell 0.1%, dollar weakened by U.S. jobs report. Earnings season approaches with Citigroup, JP Morgan, Well Fargo reporting. Investors expect September rate cuts, Treasury yields down, gold prices high. Fed Chair’s testimony, German inflation, U.S. consumer […]