Mumbai: Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.HDFC Bank, with a … Read more
Mumbai: Shares of Zee Entertainment Enterprises are expected to fall by 15-20% on Tuesday due to the Sony Group calling off their proposed $10-billion merger deal, analysts said.They also cautioned against engaging in bottom fishing, or buying the shares expecting the price to have bottomed out, during this market downturn. The shares closed at ‘231.7 … Read more
For Dalal Street, the year 2023 was like one of filmmaker Karan Johar’s movies, filled with multi stars and bundles of emotions. Try rearranging the words in one of his famous movie titles “Kabhi Khushi Kabhi Gham” and that’s how the mood on Dalal Street was in 2023. The year started on a negative note … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “a consolidation would be very healthy for the market. We have had a parabolic rise. And from 26th October, the index is up 15%, the Bank Nifty is up almost 4000 points. So give it some breathing space, see some rotation between sectors. FMCG, Pharma have seen some profit … Read more
