Markets
Tata Power Rating: Buy; Primed for sustainable and clean growth
The realignment of its growth model will top the sustainability index, which is more crucial in our view. We hosted Dr. Praveer Sinha, MD & CEO, Tata Power (TPCL), at the Edelweiss ESG CXO e-Series. Key highlights: (i) Tata Power 2.0 is a mega transformation from legacy to new...
IPCA Labs: Reiterate ‘buy’, target price at Rs 2,480
Strong order book provides visibility in Institutional business. Representative Image Superior execution, market share gains to drive growth in DF. While doctors have resumed their clinics, partly on account of having received their vaccinations, patient footfall is yet to return to normal levels. Particularly, patient footfall remains low in...
Sensex, Nifty may open flat; 5 things to know before today’s opening bell
On Monday, Foreign Institutional Investors (FII) were net sellers of domestic securities worth Rs 1,746 crore. (Image: REUTERS) Domestic stock markets witnessed a bloodbath on Monday, as benchmark indices tanked over 3% each. S&P BSE Sensex now sits at 47,883 while the Nifty 50 index settled at 14,310. On...
TCS, Yes Bank, BPCL, Coforge, Prabhat Dairy, Bandhan Bank, Adani Ports stocks in focus today
According to an analyst, Nifty has the next critical support at 14,100 levels. In case of a rebound, the 14,500-14,650 zone would act as a hurdle. Image: Reuters Nifty futures were trading 32 points or 0.22 per cent up at 14,391 on Singaporean Exchange on Tuesday, suggesting a gap-up...
Bitcoin is a bubble for majority fund managers globally: Bank of America survey
Bitcoin was trading at a little over the $63,000-mark at the time of filing this report. (File Photo) While Bitcoin prices jumped to a fresh high of above $64,000 on Wednesday as Coinbase’s direct listing on Nasdaq fuelled investors’ interest in the cryptocurrency, a majority of fund managers believed...
Will Sensex, Nifty move higher or will bears revisit D-Street? 5 things to know before opening bell
On Tuesday, Nifty formed a long bull candle was formed with minor lower shadow, according to chartists. (Image: REUTERS) Domestic stock markets resume trading after a brief halt on Wednesday. Sensex currently sits at 48,544 points, recouping some of Monday’s losses. Nifty 50, on the other hand, is settled...
Analyst Corner: Downgrade Eicher Motors to ‘hold’ with TP at Rs 2,600
icher stock has performed well in the past one year, up 90% since its Covid-19 trough (April 2020). Royal Enfield’s (RE) long-term prospects are still positive with growing penetration of premium bikes and improving quality. However, the business is likely to face headwinds in 2021 from demand slowdown and...
Downgrade Dr Lal PathLabs to ‘reduce’ with TP at Rs 2,333
We continue to value DLPL at 45x one-year-forward earnings. DLPL stock has significantly outperformed its peers and the broader market since the start of the pandemic. Since mid-Feb 2020 (when fear pandemic started), the stock is up 106% against a Nifty return of 18%. More recently with the start...
Reliance Industries top laggard for Mutual Funds in March; fund managers sell nearly 90 lakh shares
Funds were instead deployed towards the initial public offerings (IPO). (Image; REUTERS) Reliance Industries Ltd (RIL) was the top laggard for mutual fund houses in the month of March, with the value of holdings dropping by Rs 3,060 crore. The share price of RIL, fell 2.6% during March while...
Last hour surge lifts Sensex, Nifty on weekly expiry day; here’s what analysts make of today’s trade
Markets struggled to find direction as it continued to wobble both sides of the line & eventually ended around 0.5% up. Image: Reuters A smart recovery in the last hour of trade, primarily driven by buying in metal and pharma stocks, helped BSE Sensex and Nifty 50 to end...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Fuel prices remain the highest in Mumbai at Rs 96.83 per litre for Petrol. (image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were cut today after having remained unchanged for the last fifteen consecutive days. Today, the Petrol price...
Bernie Madoff, architect of $65 billion Ponzi scheme, dies in prison: How he deceived people
Bernie Madoff took money from investors and promised a handsome return. (Image: REUTERS) The tale of fraudsters on Wall Street, or any other stock market across the globe, is usually led by a promise that is too good to be true. But, Bernie Madoff was different. “His camouflage was...
Bharti Airtel restructures biz with focus on digital opportunities; is value unlocking on cards?
Telecom major Bharti Airtel on Wednesday announced a new corporate structure with an eye on digital opportunities ahead. (Image: REUTERS_ Telecom major Bharti Airtel on Wednesday announced a new corporate structure with an eye on digital opportunities ahead. Under the new structure, the digital and infrastructure assets of Bharti...
Rakesh Jhunjhunwala cuts stake in Titan, sells Rs 344 crore Titan shares in Jan-Mar 2021
Rakesh Jhunjhunwala has sold Titan Company shares worth Rs 344 crore during January-March 2021 Rakesh Jhunjhunwala has reduced stake in jewellery and watchmaker Titan Company during January-March 2021. Ace investor Rakesh Radhyshyam Jhunjhunwala has sold 22.50 lakh shares in the fourth quarter of the previous fiscal. Jhunjhunwala has slashed...
Gold prices edge higher, still down Rs 9,400 per 10 gm from record high; silver rates gain
MCX gold was still down Rs 9,398 per 10 gram from a record high of Rs 56,191 hit in August last year. Image: Reuters Gold prices were trading higher in India on Thursday, following the international spot prices. On MCX, gold June futures were trading Rs 155 or 0.33...
Infosys share price top Sensex loser today, tumbles over 5% intraday; why Infosys stock is falling
Infosys stock hit a fresh 52-week high of Rs 1,480 apiece earlier this week, a day before the quarterly earnings. So far this week, Infosys stock has tumbled 11 per cent. Infosys share price tumbled as much as 5.6 per cent intraday to Rs 1,320.35 apiece on BSE on...
S&P 500 earnings expected to surge 17.7% on year from pandemic lows; these sectors may lead recovery
The recovery could be led by financials once again this time, followed by materials. (Image: REUTERS) Wall Street listed companies are set to bounce back strongly after the sharp 14.7% fall in earnings reported in the first quarter of 2020. Analysts at Wells Fargo estimate that S&P 500 earnings...
Market LIVE: Sensex falls 300 pts, Nifty above 14,450 in pre-open; Infosys shares, Wipro Q4 in focus
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading weak in pre-opening session on Thursday via India Infoline
