Brokerage firm Jefferies maintained an underperform rating on GAIL India, Morgan Stanley maintained an overweight on Infosys, PNB Housing, and ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on IT: Infosys, HCL Tech, Wipro Morgan Stanley maintained an overweight rating on Infosys but … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … 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
Benchmark indices closed higher for the third straight session on Friday. The 30-share Sensex climbed 190 points to settle at 72,831 and the Nifty advanced 84 points to 22,096. Stocks that were in focus include names like IREDA, which rose 5%, Infosys, which declined 3%, and Wipro, whose shares fell 2.5% on Friday. Here’s what … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
Brokerage Nomura maintained a neutral rating on HDFC Bank, Kotak Mahindra Bank has a buy rating on InterGlobe Aviation, Jefferies recommended a buy on Piramal Pharma and UBS maintained a buy on Infosys. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on HDFC Bank: Neutral| Target … Read more
Indian market is expected to open higher on Wednesday tracking positive global cues. The Nifty50 closed flat on Tuesday with a positive bias. The volatility index India VIX has dipped by nearly 2% to close at 13.64 after trading in a narrow range of 14.19-13.57 on Tuesday. The Nifty50 closed flat in the previous trading … Read more
Indian market is likely to consolidate and head higher on Thursday tracking the positive trend seen in other Asian markets. The Nifty future closed positive with gains of 0.75% at 22602 levels on Wednesday. India VIX fell 0.59%, ending the day below 14.30. This was the sixth trading session in a row where the fear … Read more
CLSA’s downgrade of Indian IT bellwether Tata Consultancy Services (TCS) and HCL Technologies did not go down well with the investors, triggering a selling spree in most IT stocks. Both TCS and HCL Tech shares fell 2% in Tuesday’s trade. The Hong Kong-based brokerage downgraded TCS to ‘Sell’ for the price target of Rs 3,925 … Read more
Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more
