Indian market is likely to consolidate on Tuesday tracking mixed global cues. Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday. FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 … Read more
Home Business Top 10 Stocks To Buy, Share Price Target: ONGC, PNB Housing, NMDC, Dixon Tech, Power Grid Buy the 340 call option of Oil and Natural Gas Corporation (ONGC) at Rs 9.3 for a target of Rs 18 with a stop loss at Rs 5 Stocks To Buy The 30-share S&P BSE Sensex opened … Read more
Investors have identified a new group of stocks, dubbed “Modi stocks,” which are expected to benefit from the favorable policies of Prime Minister Modi’s government. These stocks go beyond the usual market leaders and include 54 companies within the F&O universe, says global brokerage firm CLSA. Half of these companies are PSUs, and the list … Read more
Mumbai: Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
Continuing the positive momentum for the third straight day in sync with global markets, the Indian stock market on Saturday opened on a positive note with Sensex reclaiming the 74,000 level and Nifty crossing the 22,500 mark. Volumes are expected to be low in the market on Saturday as it is a special trading day … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Mumbai: Shriram Housing Finance will receive flows worth $260 million as part of its inclusion into the Nifty on March 28, according to a brokerage Nuvama Research. UPL, which is being excluded from the benchmark index, could see outflows to the tune of $95 million. The rejig will take place on March 28, but the … Read more
Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.28% at 22436 levels on Tuesday. India VIX was down by 3.64% from 14.92 to 14.38 levels. “In the last few months, we have witnessed India VIX trading in a band between 14 and 17, … Read more
Indian market is expected to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.01% at 22499 levels on Monday. India VIX was down by 0.47% from 15.24 to 14.92 levels. Positive setup was seen in stocks like BHEL, NTPC, Tata Communication, Gail India, PEL, Tata Power, MFSL, IGL, … Read more