Prabhudas Lilladher cuts Nifty target to 27,381; reduces weight on RIL, three other stocks in its model portfolio
The revision reflects macroeconomic challenges such as persistent inflation, weak urban demand, and revised EPS projections for FY25–27, according to the brokerage.
Breakout Stocks: How to trade HDFC Bank, Praj Industries & Kaynes Technology on Wednesday?
Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.
FIIs reverse selling trend with purchase of domestic equities worth Rs 11,100 crore in two sessions
Foreign investors have reversed their selling trend and bought Indian equities worth Rs 11,100 crore in the last two sessions. This comes after 38 consecutive sessions of selling. The BJP’s victory in Maharashtra elections and a possible pause in US Fed rate hikes have boosted investor sentiment. However, domestic institutional investors (DIIs) remain net sellers.
Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal
Morgan Stanley bought 6.7 lakh shares in Niyogin Fintech at Rs 55.65 per share via a block deal. Think India Opportunities Master Fund LP was the seller. The stock surged 15% on the news. Niyogin Fintech has a market cap of Rs 591.87 crore.
Looking for predictable returns in fluctuating interest rate market? Check out target maturity funds
Target maturity funds (TMFs) are gaining popularity in 2024 as investors seek predictable returns in a fluctuating interest rate market. TMFs, often holding govt securities, offer lower credit risk and tax efficiency. Experts recommend aligning investment horizons with the fund’s maturity for optimal results. These funds are particularly attractive to conservative investors seeking stable yields.
C2C Advanced Systems IPO gets 116x subscription despite bid withdrawal option after Sebi scrutiny
C2C Advanced Systems IPO was subscribed 116 times despite Sebi’s concerns regarding its auditing. Investors have a withdrawal window till November 28. Sebi has asked the company to appoint an independent auditor for financial accounts.
Tech view: Nifty short-term trend remains bullish, strong resistance at 24,350. How to trade tomorrow
Nifty opened higher but closed lower, forming a bearish belt hold pattern. The 21-day DEMA at 24,070 is immediate support, while 24,350 is resistance. The short-term trend is up, but a breakout above 24,350 is needed for further upside. Highest OI on the call side is at 24,200 and 24,250, and on the put side, […]
Emcure Pharma shares advance 10% as Kotak Equities sees 28% upside in stock
Driven by strong organic growth, an in-licensing agreement with Sanofi, the consolidation of Mantra, and the resolution of most legal challenges, Emcure is projected to achieve a 13% overall sales CAGR between FY2024 and FY2027. Enhanced productivity following a 20%+ expansion in field force since FY2022, along with increased utilisation of new facilities, is expected […]
SME IPO of C2C Advanced Systems hit by Sebi action, listing date postponed
C2C Advanced Systems IPO Listing Date: The withdrawal window for QIB and NII categories will remain open until 4:00 PM, while the retail category can withdraw until 5:00 PM on November 26. For all categories, withdrawal will be permitted on November 27 and November 28 from 10:00 AM to 5:00 PM.
Nifty IT index hits fresh record high; Infosys, LTIMindtree, Tech Mahindra lead the gains
The Nifty IT index hit a record high on Tuesday, rising 1.4% to 44,240, with all 10 constituents in the positive. Infosys led with a 2.4% increase, followed by gains in other major stocks. Despite broader market selling in November, the index has risen over 9% this month and 23.7% year-to-date, outperforming the Nifty 50.