View on market: Stay Cautious, be with quality business: Investor sentiment in Indian markets will be mixed after U.S. stocks tumbled over the weekend, with data showing a hot labour market that will likely keep the Fed on its aggressive hiking.Though India's benchmark indices snapped their worst three-week…
View on market: Stay Cautious, be with quality business: Stocks in Asia fell in early trading following declines in the US as investors awaited a pivotal monthly payrolls report Equities dropped in Australia, Japan and South Korea, where Samsung Electronics Co. slid after the Korean chipmaker reported a…
NIFTY: The NIFTY opened at 17379.25 with a gap up of 105 points. The index initially went down, found support around 17350, and then turned up towards 17400. Prices have continued to face strong resistance around 17400, and its intraday high at 17428.80. Prices have seen a steep…
NIFTY: The NIFTY opened at 17147.45 with a big gap up of 260 points. The index continued moving higher after recording its intraday low at 17117.30 and went above 17200 within a few minutes. The index kept on rising and then started facing resistance around 17250. Prices formed…
View on market: Stay Cautious, be with quality business: Investors signaled further belief in a fledgling equity rally as US futures erased a Wednesday decline and Asian stock markets traded higher as markets downplay concern that a cut in oil production would stoke inflation. Stocks in Japan and…
NIFTY: The NIFTY opened at 17102.10 without much of a gap. The index initially moved up but failed to sustain at the higher Levels and drifted downwards…
View on market: Stay Cautious, be with quality business: U.S. stocks opened October on a strong note as Treasury yields took a break from their seemingly incessant surge. Yield on 10-year Treasuries dipped 19 basis points to 3.64%. The S&P 500 rose 2.3%, while Nasdaq 100 increased 2%.…
Company Recommendation Accu./Buy(Rs) Target (Rs) Upside (%) Time Horizon ICICI Bank Buy 848 975 15% 1Month Ultratech Cement Buy 6232 6855 10% 1Month ITC Accumulate 305 - 324 363 12% 1Month Reliance Industries Accumulate 2350 - 2374 2611 10% 1Month Tata Chemicals Buy 1094 1182 8% 1Month Mahindra…
View on market: Stay Cautious, be with quality business: Stocks in Asia struggled to make headway and US equity futures fell as negative sentiment persisted in markets amid fears that central banks across the world will keep hiking rates until inflation is under control. Equities dropped in Japan…
NIFTY: The NIFTY opened at 16798.05 with a minor gap down of just 20 points. Initially, the index moved lower but quickly found support and started consolidating inside a range. Prices recorded its intraday low at 16747.70 and then broke out on the upside. The index rallied sharply.…