Mumbai: The shares of Tata Consultancy Services (TCS) are likely to surge in the near term in response to the company’s better-than-expected March quarter results announced after trading hours on Friday. Analysts said the stock could move up by 3-5% soon but upsides could be tempered by concerns over the revenue outlook for the sector … Read more
Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … Read more
Synopsis After a phase of correction, where more than index it was the market breadth which witnessed cuts, bulls were once again making their move on the street. Before you once again become bullish, it is extremely important not to forget the fact valuations are still high. In such conditions, for investors who are looking … Read more
“So, regardless of what happened in the past month when people got a little worried about the impact on mid and smallcap due to some notification by the industry body or by a certain other notifications, I guess on average you have a decent medium term time horizon. Things are looking fine to us, we … Read more
Equity indices snapped the three-day winning run on Tuesday amid weak trends in US markets. The 30-share Sensex declined 110 points to settle at 73,903 and the broader Nifty closed lower by 8 points at 22,453. Stocks that were in focus included names like AB Capital, which jumped 10.5%, Aster DM, which rose 0.5%, and … Read more
The primary market is witnessing a tremendous surge in activity with high liquidity and enhanced investor appetite for new issue launches irrespective of the market sentiments. Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected … Read more
The BSE mid-cap and small-cap stocks have outperformed the benchmark Sensex in 2023-24 with about 62 per cent returns, reflecting buoyant investors’ sentiment amid robust macroeconomic conditions in the country and impressive quarterly earnings reported by various firms. As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the … Read more
As the electorate prepares to vote in the upcoming general election to determine India’s leadership for the next five years, market watchers often look for cues on how the results might sway sentiments. History shows us that election outcomes can significantly influence market movements. For instance, in 2004, the market dipped when the BJP lost … Read more
New Delhi: India’s car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India’s position as the world’s third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As … Read more
Rapid growth in the highway network, along with an increase in the spending power of consumers, is pushing up sales of vehicles in India, German automaker Volkswagen’s executive director, international sales, Michael Mayer, told ET. The company, he said, is invested in bringing more premium vehicles to strengthen its presence in this market. India has … Read more
