Markets
Share market in for ‘sharp correction’ soon; Credit Suisse favours cyclicals over defensive stocks
Indian share markets are expected to see a ‘sharp correction’ soon, as profit booking continues in the coming weeks. (Image: REUTERS) Indian share markets are expected to see a ‘sharp correction’ soon, as profit booking continues in the coming weeks, Credit Suisse said. “We believe the equity market could...
Gold prices trade volatile, after hitting 8-week high in previous session; MCX gold may hit Rs 51,550 soon
In the previous session gold had touched an eight week high as sagging dollar and weaker US Treasury yields lifted demand for the safe-haven metal. Gold prices were trading between gains and losses on Thursday in Indian markets. On MCX, gold June futures were trading marginally higher at Rs...
Share Market LIVE: Sensex opens deep in red, Nifty tanks below 14,200; Bank stocks among top drags
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Benchmark indices began the day’s trade in the negative territory on Thursday morning. India VIX crossed 23 levels on opening bell. via India Infoline
HDFC, Indiabulls Housing, ICICI Bank, Nestle India, ONGC, Tata Steel among stocks in focus
Nifty is now placed at the crucial support juncture of around 14200-14150. SGX Nifty points at a gap-up opening for domestic equity benchmarks BSE Sensex and Nifty 50 on Thursday. Global markets were seen trading higher following an overnight bounce on Wall Street. Japan’s Nikkei 225, Topix and Kospi...
Maharashtra sugar production to touch 107 lakh tonne; season in last leg
So far, around 87 factories have made 100% cane payments and nearly 101 factories still owe dues to farmers. The 2020-21 sugar season in Maharashtra is in its last leg and is likely to end by May 15, top officials said. Sugar production has already touched 105 lakh tonne...
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...
Covid surge hits sugar demand
Maharashtra, Rajasthan, Chhattisgarh, Delhi and Uttar Pradesh are among states that have imposed various curbs this month after steep hike in Covid-19 cases. Consumer demand for sugar has been affected due to lockdown and curfew restrictions by various state governments amid surging covid cases, industry leaders said. Prakash Naiknavare,...
Crypto exchange Bitex begins providing cryptocurrency investment disclosure following govt mandate
Bitex offers six cryptos including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, XRP to its investors. UAE-based cryptocurrency exchange Bitex on Tuesday said it has started providing investment declaration report for all its retail and institutional investors to become the first exchange in India to comply with the recent amendments...
Bombay Oxygen Investments stock soars 133% in one month as investors mistake NBFC for oxygen producer
Bombay Oxygen Investments, a non-deposit taking non-bank financial company, has a market capitalisation of Rs 350 crore. Bombay Oxygen Investments share price has skyrocketed a massive 133% in less than one month, as the country grappled with a sudden surge in demand for oxygen. Investors fervently bought shares of...
