NIFTY: Nifty opened at 16530.70 with a gap down of 54 points. The index initially went up but failed to sustain and resume its bearishness to record its intraday low at 16444.55.Prices have found strong support there, bounced up and then started a process of consolidation. The…
Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. The Company's segments include Infrastructure, which is engaged in engineering and construction of building and factories; Power, which offers solutions for thermal power plants; Metallurgical & Material Handling, which consists of solutions for ferrous…
NIFTY: Nifty opened at 16761.65 with a big gap up of 133 points. The index initially consolidated for the first 15 minutes of trading and recorded its intraday high at 16793.85.Prices broke on the downside and started drifting downwards. An attempt to recover failed measurably and prices…
View on market: Stay Cautious, be with quality business: Stocks in Asia fell after a robust U.S. jobs heightened chances for the Federal Reserve to maintain an assertive stance on inflation and rise in oil prices. Equities declined in Japan and Australia. US futures were volatile after the…
NIFTY: Nifty opened at 16481.65 With a gap down of 41 points. The index moved further on the downside and recorded its intraday low at16443.05 within the first five minutes of trading. Prices have bounced up from there and started moving higher. The index recovered very quickly, filled…
View on market: Stay Cautious, be with quality business: Asian shares rose on Friday after US equities snapped a two-day slide ahead of a key jobs report. Stocks gained in Japan, Korea and Australia while US futures edged up. Markets are shut in Hong Kong and China. On…
View on market: Stay Cautious, be with quality business: Stocks in Asia fell Thursday amid efforts to rein in inflation even as JPMorgan Chase & Co.’s Jamie Dimon sounded alarm bells on the economy. An MSCI Inc. gauge of Asia-Pacific shares fell for a second day, with equities…
NIFTY: Nifty opened at 16594.40 without much of a gap. The index initially went higher and then quickly faced resistance. Prices have recorded its intraday high at 16649.20 and turned down. The decline brought prices into negative territory but soon it found strength and moved up again. The…
Company Recommendation CMP (Rs) Target (Rs) Upside (%) Time Horizon Reliance Industries Buy 2635 2900 10.1% 1Month Indian Oil Corporation Buy 118.3 135 14.1% 1Month Schaeffler India Buy 2398 2800 16.8% 1Month Bharat Electronics Buy 247 270 9.3% 1Month Bharti Airtel Buy 695 730 5.0% 1Month Praj Industries…
View on market: Stay Cautious, be with quality business: Stocks in Asia rose on Wednesday, while U.S. futures advanced and bond yields gained amid concerns over aggressive monetary tightening. Shares were higher in Japan and Australia. S&P 500 and Nasdaq 100 futures gained. The Nasdaq 100 fell for…