Indian market is likely to remain volatile on the Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels. Volatility inched higher slightly, but it is hovering near its lower zones which is comforting the bulls. On … Read more
Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
MUMBAI: Mukesh Ambani’s Reliance Industries is all set to enter the quick commerce space to take on Zomato’s Blinkit, Tata Group‘s BigBasket, Swiggy‘s Instamart and Zepto. Reliance Retail’s JioMart could launch the service as early as next month, sources told TOI. To begin with, JioMart will deliver groceries in at least 7-8 cities and eventually … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with marginal losses of 0.08% at 23,001 levels on Monday. India VIX was down by 6.82% from 21.71 to 23.19 levels. On the options front, the maximum Call OI is placed at 23500 and then towards 23000 … Read more
Asia’s richest man Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market.Radisys Corp, a unit of Ambani-controlled Reliance Industries Ltd, will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC.He described the … Read more
Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore). The trillion-dollar market-cap … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.84% at 22473 levels on Thursday. India VIX was down by 1.33% from 20.27 to 20 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22600 … Read more
Mumbai: Shares of Reliance Industries, which have the second-highest weighting in the Nifty 50, surged more than 4% intra-day to touch a near three-week high after Goldman Sachs raised its target price citing higher returns on cash invested, and a change in the mix of capital expenditure. Reliance Industries is currently the largest company in … Read more
Shares of Reliance Industries (RIL) jumped 2.32% on Wednesday to hit the day’s high of Rs 2,951.90 on the NSE following Goldman Sachs’ buy reiteration on the oil-to-telecommunications conglomerate. The US-based brokerage also hiked the price target to Rs 3,400 from Rs 2,925 earlier. RIL shares had ended at Rs 2,883.15 in the previous session … Read more
Brokerage house Goldman Sachs maintained a buy rating on Reliance Industries (RIL), while Citigroup recommended a neutral rating on Coal India and upgraded MGL to neutral. UBS maintained a buy rating on ABB India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on RIL: Buy … Read more