Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed positive with gains of 1.20% at 22393 levels on Monday. The India VIX was down by 5.65% from 13.46 to 12.70 levels. On the options front, the maximum Call OI is placed at 22,600 and then towards 22,500 … Read more
Lack of pricing freedom on petrol, diesel and LPG prices could deter oil marketing companies (OMCs) from undertaking large scale capex plans on petchem and refining capacity additions, Kotak Institutional Equities said in a note. The domestic brokerage reiterated its ‘Sell’ stance on Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation … Read more
Brokerage UBS upgraded rating on Eicher Motors to Buy while Jefferies initiated coverage on Syrma SGS and Kaynes Technologies. Nomura also shared its views on oil marketing companies (OMCs) in the light of a Rs 2 per litre cut in petrol and diesel prices. We have collated a list of recommendations from top brokerage firms … Read more
Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on … Read more
Stocks of oil marketing companies (OMCs) witnessed up to 8% decline on Friday following a Rs 2 per litre cut in prices of petrol and diesel, the first in nearly two years. The decision came ahead of the model code of conduct that is likely to kick in shortly. The top loser was Hindustan Petroleum … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones. Positive setup was … Read more
Shares of Bharat Petroleum Corporation (BPCL) jumped over 5% to hit a 52-week high of Rs 517.85 on the NSE on Tuesday, extending its gains to the second session and up to 9% following the fuel retailer’s December quarter earnings on Monday during market hours. The stock rallied following its post-earnings conference call held on … Read more
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The S&P BSE Sensex rose nearly 1,400 points, while the Nifty50 rose to a fresh record high above 20,700 levels on Monday. The Nifty future closed positive with gains of over 2% at 20,804 levels on Monday. India VIX was up by … Read more
