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
Most technical indicators suggest a correction in the near term. If Nifty falls below 21,250, it is likely to move towards the 21,000-20,900 range. However, if the index surpasses and maintains levels above 21,500, analysts anticipate index to move to 21,600-21,700 range. SBI, NMDC, SAIL, RIL, Infosys, GAIL, Siemens, Tata Power, Coforge, MGL, Star Cement, … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
Mumbai: Indian stocks rose to fresh all-time closing levels on Friday led by a surge in information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren’t as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to … Read more
Shares of IT major Infosys on Friday rallied up to 6.7% to the day’s high at Rs 1,594 on BSE as it reported decent results after back-to-back disappointments in recent quarters. Investors are betting that Q3 was the bottom for the earnings downgrade cycle for Infosys and the sector as the US macro becomes favourable … Read more
Equity indices ended marginally higher on Thursday trimming most of their intra-day gains. The 30-share Sensex climbed 63 points to settle at 71,721, while the Nifty gained 28 points to end at 21,647. Stocks that were in focus included names like HCL Tech, which rose 0.02%, SBI Life, which fell 1.48%, and Apollo Hospitals, whose … 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 upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above 21,850-21,900 is necessary to unlock the next upside target of 22,200. Analysts recommend stocks like Axis Bank, Canara Bank, Divi’s Labs, Cipla, Coforge, Infosys, ITC, … Read more
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