Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more
Mumbai: The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks. India’s market capitalisation to Gross Domestic Product (GDP) – a measure to determine if a market is under-valued or over-valued – surged to 1.42 times, or 142%, … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with marginal gains of 0.27% at 22666 levels on Wednesday. India VIX was down by 1.56% from 21.81 to 21.47 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards … Read more
“We do expect that this rally can extend further. It is not a one-day rally and as we have already marked a new all-time high, overall if we analyse the structure, the short covering action was clearly there,” says Rajesh Palviya, Axis Securities. Let us talk about that record high rally that we saw on … Read more
Neeraj Chadawar, Head of Quant Strategy, Axis Securities, says “we firmly believe that the Indian economy is rightly placed and continues with the growth momentum and we continue to believe in double-digit returns. Given the valuations are stretched at current juncture, we believe that bottom-up theme is the best place to identify the stock based … Read more