Strong double-digit year-on-year (YoY) growth in Feb 2024 is likely for 2W wholesale volumes due to good demand (retails up ~10%) and a favourable base. PV volumes are likely to have grown at a healthy pace led by positive retail trends (retails up ~4%) and inventory build. CVs, though, are likely to have slid in […]
With the leap year day on Thursday, here’s a track record of how Nifty and Nifty Bank have moved during these sessions
The wheat output is estimated to be 1.46 million tonnes higher than the previous record high of 110.55 million tonnes achieved in the 2022-23 crop year.
Nifty 50 held on to the crucial support zone of 21,900 – 21,850, which coincided with the 20-day moving average and the 50% Fibonacci retracement level of the rise from 21530 – 22249.
Six Nifty50 index stocks hit a new 52-week high
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said.
This time around, the election has gained prominence in light of India’s rising importance in geopolitics, its leading position in emerging markets, and the government’s aspiration to make India the world’s third largest economy from the current fifth position.
Reliance Industries and Disney form a joint venture combining Viacom 18 and Star India businesses. Jefferies values Disney’s business lower. The JV has cricketing rights and a 40% share of the advertising market. Media assets include Colors, StarPlus, StarGOLD, Star Sports, Sports18, JioCinema, and Hotstar.
Brokerage firm Axis Capital initiated coverage on RBL Bank with an add rating, Jefferies maintained a buy on RIL, UBS upgraded Gujarat Gas to neutral and UBS maintained a buy rating on Zomato.
Indian market may consolidate. Nifty50 broke support at 22050 zone. India VIX reached swing high. Rajesh Palviya recommends buying Havells India, KIMS, ICICI Lombard. Nooresh Merani suggests buying Dr Reddy’s, selling Bajaj Finance, buying V-Guard. Kunal Bothra advises buying HDFC Life, TCS, Samvardhana Motherson.