Markets
Coinbase India plan: Acquire startups, hire ‘hundreds’ of employees in 2 yrs, says incoming country head
Pankaj Gupta will join Coinbase on April 29 and will continue to be based in Bengaluru. (Image: Reuters) Days after its successful direct listing on Nasdaq, cryptocurrency exchange Coinbase on Wednesday stepped up its efforts towards building its technology hub in India. The outgoing Google Pay’s engineering lead for...
Why choosing the right stock broker is crucial before investors start their capital market journey
From the bygone era of boisterous ring trades and high-priced market intermediation to an epoch-making transformation in terms of tech-enabled, cost-effective, and democratic operations, brokerage has truly come of age. (Image: REUTERS) By Anshul Arzare From the bygone era of boisterous ring trades and high-priced market intermediation to an...
Top IT, pharma, chemical stocks to buy: These 12 stocks may rally up to 77% amid second COVID-19 wave
While the sharp increase in Covid cases is a matter of concern, low mortality rate and expectations of ramp up in vaccination over the next few months should help limit the fallout from the second Covid wave. The Indian share market has been witnessing volatility as the second COVID-19...
Infrastructure super-cycle on Wall Street; Morgan Stanley believes these sectors could benefit
Apart from the benefits of the physical infrastructure that would be created using this, Michael Zezas, Head of Public Policy Research and Municipal Strategy for Morgan Stanley believes the money flow could also aid Wall Street. (Image: REUTERS) Wall Street could soon benefit from the massive infrastructure spending being...
Analyst Corner: ACC- Volumes in line; blended realisations slightly lower sales
Volumes in line; blended realizations slightly lower ACC’s cement sales volume at 7.97mt Standalone revenue of 42.9bn (+23% y-y, +4% q-q) came in 1-2% below Bloomberg consensus estimate and our forecast, driven by 1% lower blended realisations, while cement volume was in line with our estimate. EBITDA of Rs...
Rakesh Jhunjhunwala expects bull run to continue for years; finds opportunity in midcaps, smallcaps
The ace investor said that the Union Budget of 1989, stock market bottom in 2001, and 2020 March sell-off were the three biggest opportunities for markets that he has seen. Ace investor Rakesh Jhunjhunwala continues to be optimistic about India’s growth story and sees the current medical situation as...
Infosys stock Nomura’s preferred pick post Q4 results; share price may rally 20%
Nomura has raised USD revenues and reduced EBIT margins resulting in a 0-2 per cent decrease in EPS. Infosys share price has corrected nearly 8 per cent in the last five trading days to Rs 1362.60 apiece on BSE. Even as the IT giant posted a 17 per cent...
Sun Pharma, Jindal Steel among top stocks to buy, sell; intraday chart suggests Nifty may fall up to 14,130
The intraday chart suggest correction wave likely to continue if the Nifty/ Sensex succeed to trade below 14400/48100. Image: Reuters By Shrikant Chouhan The market registered an extremely volatile session, the Nifty/ Sensex closed 63/243 points lower. The Nifty/ Sensex failed to sustain above the 14500/48400 resistance mark and...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Petrol and diesel rates remain unchanged today. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were unchanged today for the sixth day running. Fuel prices were cut on April 15 after having remained unchanged for fifteen consecutive days earlier....
ICICI Prudential Life: Maintain ‘buy’ with target price of Rs 790
IPru Life plans to compensate for this by increasing attachment of riders and higher traction on group segment. ICICI Prudential Life (IPru Life) reported NBP/APE growth of 23%/27% YoY in Q4FY21, following 3 straight quarters of decline. March month’s APE growth of 108% YoY was a standout. This acceleration...
