A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed negative with losses of 1.13% at 22487 levels on Thursday. India VIX is at 24.18 levels. Since it is the beginning of the new series (June series) options data is scattered at various strike prices. On the weekly … Read more
Technical analysts continue to maintain a cautious outlook on Nifty for the truncated trading week ahead. According to analysts, profit-taking may resume until the index decisively reclaims 22,200. Some of the stocks recommended by analysts for short-term trades include Apollo Hospitals, Eicher Motors, Hero Motocorp, Maruti, Bajaj Auto, Sun Pharma, Tata Motors, ABB, Cummins India, … Read more
The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Brokerage firm JPMorgan maintained an underweight rating on Tata Elxsi, Jefferies recommended a hold rating on Oberoi Realty, CLSA has an outperform rating on Hero MotoCorp and Morgan Stanley maintained an overweight rating on Axis Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Tata … 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
Nifty opened with a gap up on Thursday and continued rising throughout the day to close at 21,659, up 141 points. Buying action was witnessed across sectors. The futures open interest (OI) suggests a build-up of long positions in Nifty futures today. Strong PUT writing shows bulls entering the Street and the phenomenon is well … Read more
Mumbai: Real estate stocks were among the top performers on Thursday as the bullish momentum in the sector drove the share prices of many of them to record levels. The Nifty Realty index soared 6.76% – its largest single-day jump since September 2021 – to its highest closing in 15 years as against the Nifty’s … Read more
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
Mumbai: Jindal Stainless, Punjab National Bank, BHEL, and Oberoi Realty are anticipated to be included in the MSCI Standard index during the February 2024 index reconfiguration, as per estimates by Nuvama Alternative & Quantitative Research. These four stocks could potentially witness inflows ranging between $140 million and $150 million each if included in the MSCI … Read more