Markets
Sensex, Nifty may open in red; 5 things to know before today’s opening bell
The sharp up-move seen by Sensex and Nifty yesterday could limit any downside in the near future for the indices. (Image: REUTERS) Domestic equity markets enter the final trading session of the week on the back of four consecutive days of gains. S&P BSE Sensex now sits at 49,765...
Wall Street inches closer to pre-covid normal; is it now time to ditch the stay-at-home trade?
30% of the US population has been fully vaccinated, according to the Centers for Disease Control and Prevention. (Image: REUTERS) Amid a global lockdown in 2020, Wall Street saw a massive surge in the so-called ‘stay-at-home’ stocks. These included the likes of Zoom Video, Netflix, and other tech stocks...
Gold prices flat as international prices fall on strong US data; where is MCX gold headed?
Mixed data came from the US economy, however, lower interest rates will provide support for gold and silver Gold was trading flat to negative on Friday, mirroring the trend in international spot prices where strong US economic data and elevated Treasury yields dampened the yellow metal’s appeal. On the...
RIL shares trade flat; analysts expect 100% jump in Reliance Industries Ltd’s net profit in Q4 on low base
RIL stock has been under pressure for the past few months, firstly because of the farmer’s protest, resulting losses in Punjab and then because of the Future group deal going into the court with Amazon. Image: Reuters RIL share price was trading flat with a negative bias at Rs 2,021.90...
Covid concerns prevail but Chris Wood remains bullish on India; increases weightage in Asia portfolio
Although situation remains grim in India with the second wave of covid-19 wreaking havoc across the country, Dalal Street has remained resilient. (Image: RUETERS) While the second wave of covid-19 continues to wreak havoc across the country, Dalal Street has remained resilient. The NSE Nifty-50 index is down just...
Reliance Industries, Yes Bank, HUL, Future Retail, Vedanta, Equitas SFB stocks in focus
Investors will continue to watch rising COVID-19 cases, on-going vaccination drive, fresh restrictions and lockdown in some states, oil prices, rupee movement and other global cues. Image: Reuters Nifty fututres were trading one per cent or 147.5 points down at 14,783.50 on Singaporean Exchange, suggesting a negative opening for...
Petrol and diesel price today 30 April 2021: Rates unchanged for 15th day; check prices in Mumbai, Delhi here
Prices of Petrol and Diesel have now remained unchanged for fifteen consecutive days. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel have now remained unchanged for fifteen consecutive days. Fuel prices were last cut on April 15. Today, the...
Share Market LIVE: SGX Nifty falls 150 pts, Sensex, Nifty may start in red; all eyes on RIL Q4 results
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 may open in red on Friday, after gaining for 4 straight sessions. via India Infoline
Indian gold demand likely to slow down in April-June: WGC
According to WGC data, total investment demand for Q1 2021 increased 34% y-o-y to 37.5 tonne. Indian gold demand is likely to slow down in the second quarter (April-June) due to COVID-related restrictions, before rebounding in the second half of 2021, according to the World Gold Council (WGC). The...
Revise United Breweries fair value to Rs 1,365
Exceptional loss stood at Rs 6.2 bn for Rs 4.5 bn impairment loss on Bihar brewery, and Rs 1.8 bn loss on investment in subsidiary. UBBL reported good sequential recovery in volumes with EBITDA margin at 16.9% aided by a tight leash on operating costs. OCF generation in FY2021...
Demand for arhar remains subdued amid restrictions
Farmers had planted the pulse over 47 lakh hectares of area, with Maharashtra alone reporting over 12 lakh hectares of plantation. Lockdown restrictions in several states and skeletal functioning of mandis have led to a lack of demand, resulting in stagnancy in the tur (arhar) prices in Maharashtra. Wholesale...
TVS Motors TP raised to Rs 650 on margin performance
Positively, strong FCF generation in FY21 resulted in a net debt reduction of Rs 14.5bn. Notwithstanding the significant commodity headwinds, record 4Q FY21 EBITDA surprised the Street positively. Improved brand acceptance, diversified revenues and strong R&D capability provide long-term defensiveness. Strong and consistent margin performance drives our increase in...
Valuations of shipping stocks still inexpensive; Jefferies bullish on these Wall Street shares
After being bruised and beaten in the previous year owing to the pandemic and a global lockdown, the shipping industry is recovering steadily. (Image: REUTERS) After being bruised and beaten in the previous year owing to the pandemic and a global lockdown, the shipping industry is recovering steadily. Last...
F&O expiry: Sensex falls 610 pts from day’s high, Nifty ends flat; here’s what technical charts say
The markets seem to be bullish and the Nifty has wings to move up further to levels closer to 15100-15200. Image: Reuters The swing continued throughout the trading session with BSE Sensex and Nifty 50 moving between gains and losses in Thursday’s trade. BSE Sensex ended just 32 points...
No time to turn defensive on Wall Street; Morgan Stanley says there’s more steam in cyclical trades
Economic growth ahead could be much broader and stronger than any of the cycles seen earlier. (Image: REUTERS) Some Wall Street investors have switched back to defensive trades after a strong rally in equity indices saw them surge to record highs. Investors moved their focus towards defensive, choosing large-caps...
PowerGrid InvIT IPO opens: Strong financials, power transmission biz make it attractive; should you subscribe?
he units of PowerGrid InvIT are proposed to be listed on BSE and NSE. Image: Reuters PowerGrid Infrastructure Investment Trust (InvIT) IPO opened for subscription on Thursday, April 29, 2021, in the price band of Rs 99-100 per unit. The units of PowerGrid InvIT are proposed to be listed...
Sensex, Nifty on 3-day gaining streak as bulls take control; 5 things to know before opening bell
On Thursday morning, SGX Nifty was trading in the green, hinting at a gap-up start for domestic equities. (Image: REUTERS) Domestic equity markets are now on a three-day gaining streak but might face some volatility today owing to the monthly derivates expiry. S&P BSE Sensex currently sits at 49,773...
Buy these two stocks to pocket gains as Nifty looks to breach near-term resistance
The short term trend of Nifty continues to be positive. (Image: REUTERS) By Nagaraj Shetti After showing a sign of strength with upside momentum on Tuesday, Nifty demonstrated another sharp upmove on Wednesday and closed the day higher by 211 points. After opening with upside gap of 57 points,...
