Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones. Positive setup was … Read more
Jefferies said the rerating in shares of public sector undertakings (PSUs) – the top performers in the past three months – has more legs citing cheaper valuations compared to the Nifty and the government’s focus on ‘value maximisation’ for these companies. SBI, Coal India, and NTPC are its top picks among state-owned companies. The price … Read more
Mumbai: The gap in weightage between Indian and Chinese equities on the MSCI index is narrowing with several global investors preferring shares on Dalal Street over those in Shanghai. Since January 2021, India’s weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China’s weight has declined from 40.1% to … Read more
Shares of PSU NBCC were in the focus this week as it ended Friday’s session 19% higher at Rs 169.20, taking the week’s total gain to over 47% on the back of Budget’s thrust on housing. “The sentiment and trend appear extremely bullish for the stock. On the higher end, it might move towards Rs … Read more
Bharat Heavy Electrical Ltd (BHEL), part of the heavy electrical equipment space, has rallied by over 50% in the last 3 months and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target of Rs 227 in the next … Read more
Indian market is likely to trade lower on Thursday tracking muted global cues. The Nifty future closed negative with losses of 2.01% at 21587 levels on Wednesday. India VIX was up by 11.13% from 13.57 to 15.08 levels. Positive setup was seen in stocks like LTTS, OFSS, Birla Soft, BHEL, Persistent Systems, L&TFH, Lupin, Torrent … Read more
NEW DELHI: NLC India Ltd has finalized a deal with Bharat Heavy Electricals Limited (BHEL) for the construction of a 2,400 MW thermal power plant. The project will be set up at Jharsuguda District in Odisha.Following a process of competitive bidding, BHEL emerged as the chosen contractor for the Engineering, Procurement, and Construction (EPC) of … Read more
While the big boys of Indian markets – foreign portfolio investors – ploughed in Rs 50,588 crore in the recently concluded December quarter, not every sector was lucky enough to get a share of the pie. Power was on the top of the FPI hitlist in Q3, suffering a Rs 4,700-crore jolt. FPIs sold power … Read more
Brokerage firm Jefferies upgraded JSW Steel to a hold rating, Motilal Oswal recommended a buy rating on Lemon Tree, Antique maintained a buy rating on BHEL and Choice Broking initiated coverage on Concord Biotech with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
MUMBAI: There is very little value in most parts of the equity market after the recent run-up seen in shares, said Kotak Institutional Equities, advising investors to expect low returns in the election-bound 2024. The brokerage has been cautious on the mid- and small-cap space for the last three to four months, and following the … Read more