The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more
The interim budget is unlikely to immediately trigger a consumption revival though increased focus on rural housing and post harvest activities could help spur demand for daily household products and groceries in villages in the long term, leading consumer goods companies have said.Slower demand in rural markets has been dragging the overall growth of the … Read more
Brokerage firm Morgan Stanley remains equal-weight on Marico and Titan. Meanwhile, MS is overweight on GCPL even as CLSA has maintained a ‘Sell’ view on the stock. Nomura has taken a neutral view on Marico while HSBC has a buy take on Titan. We have collated a list of recommendations from top brokerage firms from … Read more
Godrej Consumer Products Ltd, part of the personal care industry, has been gaining tracking after recording a breakout from a falling channel in the last week of November on the weekly charts. The breakout has opened room for the stock to head higher and may even breach 1100 levels to hit fresh record highs in … Read more
The Indian market is expected to consolidate on Friday tracking muted global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19700 levels on Thursday. The Nifty future closed positive with gains of 0.5% at 19835 levels. Positive setup was seen in Manappuram, Coforge, Hero MotoCorp, Dixon Technologies, HCL … Read more