Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric”. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more
Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they … Read more
NEW DELHI: Equity benchmark indices opened on a negative note on Friday after recovering on Thursday. Sensex declined around 200 points to 72, 830 in early trade while Nifty was trading at 22,100. Power Grid Corporations, Tata Steel, NTPC, Tata Motors were among the major gainers in early trade while Mahindra and Mahindra, Titan, Ultratech … Read more
Mumbai: ICICI Securities said a pre-election rally in the stock market is on the cards with the Nifty expected to advance to 23,400 by June. This implies an upside of over 7% over the index’s Friday closing of 21,853.80. Public sector banks, IT, capital goods and power stocks could be among the top gainers in … Read more
As the world was grappling with spiralling inflation, slowing growth, and tighter liquidity conditions, India ran ahead at a faster pace and this reflects in the performance of the domestic-oriented sectors in 2023. Automobiles, infrastructure, capital goods, industrials, and realty were the best performing sectors in 2023, driven by the strong domestic demand, capex push … Read more
After ditching in October, foreign portfolio investors made a comeback on Dalal Street in November, investing over Rs 9,000 crore or $1 billion into domestic equities. However, the inflows weren’t broad based, as only four sectors witnessed capital flows exceeding Rs 1,000 crore. These sectors were consumer services, capital goods, healthcare, and realty. The consumer … Read more
With Nifty in a consolidating trajectory after hitting the 20,000-milestone in September, mutual funds are using the fresh inflow of funds to pick stocks from sectors like auto, utilities, consumer and insurance. AMFI data shows that money managers reduced stake in banks, IT, capital goods and metals in October. While the weight of private banks … Read more