Markets
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...
