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[hfe_template id='11223'] [ad_1] The Indian market is expected to consolidate on Wednesday amid rising geopolitical tensions between India and Pakistan. On Tuesday, Nifty futures closed lower by 0.56% at 24,415. India VIX, a gauge of market volatility, rose over 3% to close at 19 in the previous session. On the options front, the maximum Call Open Interest (OI) is seen at the 24,500 and 25,000 strike prices, while the maximum Put OI is at 24,400 and 24,000 strikes. Call writing was observed at the 24,400 and 24,500 levels, while Put writing was seen at 24,400 and 24,200. “Options data suggests a broader trading range between 23,800 and 24,800 zones, with an immediate range between 24,100 and 24,600,” said Chandan Taparia, Analyst–Derivatives at Motilal Oswal Financial Services. Live Events “Nifty formed a bearish candle on the daily chart on Tuesday, closing with losses of around 80 points. The index has been forming lower highs for the past two sessions,” he added.“For ...

[hfe_template id='11223'] [ad_1] The markets paused after six consecutive sessions of gains, closing on a flat note. In today's trade, shares of Maruti, ONGC, IREDA, Federal Bank, TVS Motor among others will be in focus due to various news developments. Maruti Suzuki Maruti Suzuki received a draft tax assessment of Rs 2,666 crore for FY22, but the company expects no financial impact. NBCC State-owned NBCC (India) Ltd has bagged a Rs 439 crore contract from Uttarakhand Investment and Infrastructure Board (UIIDB) Federal Bank Federal Bank to acquire 4% stake in Ageas Federal Life Insurance. The acquisition cost is around Rs 97.4 crore for 3.2 crore shares. Live Events IREDA State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio. ONGC ONGC will infuse Rs 3,300 crore in ONGC Green. ONGC Green will use the proceeds ...

[hfe_template id='11223'] [ad_1] Nifty recorded its worst fall in February since the Covid, falling by 6% while the beginning to March series was equally uninspiring as both headline indices ended Friday, down 1.9%, breaking major support levels. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. Nifty closed at 22,124.70, lower by 420.35. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty remains in the bearish zone. In the near term, Nifty is expected to find support around 21,800-22,000, he said, adding that a sustained move above 21,800 could lead to a significant recovery, while failure to hold this level may trigger another sharp decline. Factors that are likely to impact movement when markets reopen this week: 1) India Q3 GDP The country’s economic growth accelerated to 6.2% in the third quarter of FY25, up from 5.4% in the p...

[hfe_template id='11223'] [ad_1] Morgan Stanley remains bullish on Maruti Suzuki (target: Rs 14,942, upside 13%) amid strong export demand. Synopsis Goldman Sachs sees Adani Ports' correction as a buying opportunity (target: Rs 1,560, upside 43%). Jefferies maintains Buy on LIC Housing Finance (target: Rs 700, upside 25%) despite rate cut risks. Morgan Stanley remains bullish on Maruti Suzuki (target: Rs 14,942, upside 13%) amid strong export demand. Here are the latest stock recommendations from leading global brokerage firms for the next 12 months. Goldman Sachs, Jefferies, and Morgan Stanley have shared their views on Adani Ports, LIC Housing Finance, and Maruti Suzuki, respectively.While Goldman Sachs finds the recent correction in Adani Ports an attractive entry point, Jefferies highlights stable margins for LIC Housing Finance despite potential rate cut headwinds.Meanwhile, Morgan ETMarkets.com Feb 04, 2025, 10:07:00 AM IST Gift A Story Share member-only storie...

[hfe_template id='11223'] [ad_1] The third quarter (Q3 FY25) earnings season is underway and as many as 140 companies will declare their results this week. Some of the marquee names include Tata Steel, Bajaj Auto, L&T, Adani Enterprises, Adani Ports, TVS Motor, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Tata Motors, IndusInd Bank, ONGC, and Nestle India among others. Here are the key earnings to watch out this week: 27th January360 One Wam, ACC, Adani Total Gas, Adani Wilmar, Aditya Birla Sun Life AMC, Canara Bank, Coal India, Emami, Indian Oil Corporation, Indraprastha Gas, Kaynes Technology India, Maharashtra Seamless, Petronet LNG, Piramal Enterprises, Railtel Corporation of India, Sumitomo Chemical India, Sundram Fasteners, Tata Steel, The Federal Bank, The New India Assurance Company, and Union Bank of India. 28th January Apar Industries, Bajaj Auto, Bharat Heavy Electricals, Bosch, CE Info Systems, CG Power and Industrial Solutions, Cipla, Colgate-Palmolive (...

[hfe_template id='11223'] [ad_1] Defying losses in Asian markets, Indian benchmark equity indices opened higher on Thursday, driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season starting next week. The BSE Sensex rose 699 points, or 0.86%, to 79,189, while the Nifty50 advanced 209.60 points, or 0.88%, to 23,952 as of 11:10 am. The market capitalisation of all listed companies on BSE rose by Rs 2.09 lakh crore to Rs 446.52 lakh crore. From the Sensex stocks, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, Zomato, M&M, and Tata Motors opened with gains, while Bharti Airtel, Adai Ports, NTPC, and HDFC Bank opened with cuts. Meanwhile, the Nifty Auto index rose by up to 0.3% in early trade, driven by strong gains in Maruti Suzuki and Mahindra & Mahindra, following a rise in their monthly sales figures. Tata Motors shares also rose 2% after the company reported a 1% year-on-year growth in its December 2024 sales numbers at 76,599...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points, or 0.13%, trading at 23,590 around 9:20 am. The US consumer inflation, released after market hours on Wednesday, rose to 2.6% in October from a year ago, up from 2.4% in September, the Labor Department said in a statement. This increase was aligned with analysts' forecasts. Markets are now pricing in an 83% chance of a 25bp rate cut from the Fed next month, up from about 59% a day ago. However, expectations of Fed cuts next year following Trump's election victory last week have since been pared back. From the Sensex pack, HCL Tech, NTPC, SBI, Reliance, Asian Paints, and HDFC Bank opened with gains, ...

[hfe_template id='11223'] [ad_1] IRFC Share Price 149.55 09:48 AM | 5 Nov 2024 -3.69(-2.41%) Suzlon Energy Share Price 66.29 09:48 AM | 5 Nov 2024 -0.03(-0.05%) IREDA Share Price 203.85 09:48 AM | 5 Nov 2024 -1.54(-0.75%) Tata Motors Share Price 831.5 09:48 AM | 5 Nov 2024 7.4(0.9%) YES Bank Share Price 20.34 09:48 AM | 5 Nov 2024 0.02(0.05%) HDFC Bank Share Price 1706.9 09:48 AM | 5 Nov 2024 -7.2(-0.43%) NHPC Share Price 81.47 09:48 AM | 5 Nov 2024 -1.83(-2.2%) RVNL Share Price 444.3 09:48 AM | 5 Nov 2024 -1.9(-0.43%) SBI Share Price 830.65 09:48 AM | 5 Nov 2024 0.8(0.1%) Tata Power Share Price 429.6 09:48 AM | 5 Nov 2024 0.56(0.13%) Tata Steel Share Price 149.11 09:48 AM | 5 Nov 2024 2.17(1.47%) Adani Power Share Price 587.05 09:48 AM | 5 Nov 2024 2.05(0.36%) PayTM Share Price 751.5 09:48 AM | 5 Nov 2024 0.3(0.04%) PNB Share Price 103.17 09:48 AM | 5 Nov 2024 -0.49(-0.47%) Zomato Share Price 241.05 09:48 AM | 5 Nov 2024 -4.04(-1.65%) BEL Share Price 282.45 09:48 AM | 5...

[hfe_template id='11223'] [ad_1] The Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose by 0.41% and 0.42%, respectively, during a special Diwali "muhurat" trading session. Auto stocks led this upward move, bolstered by strong monthly sales data. "The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations. Q2 Earnings Investors will closely watch corporate earnings as the next batch of Q2FY25 results to be released...

[hfe_template id='11223'] [ad_1] Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets. Stocks that were in focus include names like Maruti Suzuki, which fell 4.16%, Cipla, which was down 1.6%, and Adani Ports, whose shares jumped nearly 2% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Maruti Suzuki After making double bottom around 7900 in Mar 2023, price has given a sharp upside move to make an all time high of 13540. Price has given almost 71% returned from its lower level as buyers were having the upper hand over bears. In the last 25-30 weeks price has moved in range of 11500-13550 and in the current week with high volume price has breached the Distribution Phase and moving below the range we can see ...

[hfe_template id='11223'] [ad_1] The Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.77% at 24757 levels on Monday. On the options front, the maximum Call OI is placed at 25000 and then towards 25500 strikes while the maximum Put OI is placed at 24000 and then towards 24500 strikes. Call writing is seen at 25000 and then towards 24800 strikes while Put writing is seen at 24750 and then towards 24000 strikes. “Options data suggests a broader trading range in between 24500 to 25300 zones while an immediate range between 24600 to 25000 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bearish Belt Hold sort of candle on the daily frame on Monday and closed below 24800 zones,” he said.“Now till Nifty holds below 24850 zones, weakness could be seen towards 24650 then 24500 zones whereas hurdles are placed at 24850 then 25000 zone...

[hfe_template id='11223'] [ad_1] The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also see three listings including Garuda Construction, which opened in the week gone by. The issue of Garuda received decent response from investors with an overall subscription of 7.55 times at close. The IPO pipeline for the second half looks promising with 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Another 55 companies looking to raise about Rs 89,000 crore are awaiting the regulator's nod. According to Haldea of PRIME Database Group, unless there is a black swan event, it is likely to be a record breaking year for IPOs. Here's what to look forward to next week: Hyundai India IPO The ...

[hfe_template id='11223'] [ad_1] The much-anticipated market debut of Hyundai Motor India is set to raise the stakes in the Indian auto industry, with competition expected to heat up, particularly in the passenger vehicle segment. The IPO is likely to push other listed auto players to innovate and elevate their product offerings. Maruti Suzuki, currently the market leader with a 40% share, is just ahead of Hyundai, the second-largest player with a 15% market share. An offering of around Rs 27,800 crore, Hyundai’s IPO is coming at a premium to Maruti Suzuki. At the upper price band of Rs 1960, Hyundai is asking a valuation of 26x FY25 earnings as against Maruti's 22x FY25 multiple. This premium valuation for Hyundai is on the back of strong Korean parent backing, better models and rising SUV share in comparison to Maruti. Analysts said the higher valuation could reflect investors’ expectations of its future growth prospects. The next leg of rivalry of the top two auto...

[hfe_template id='11223'] [ad_1] Multinationals are rushing to exploit a runaway rally in the Indian stock markets, with more than a dozen firms paring holdings in their local businesses in the past year, while half a dozen others, including Hyundai and LG, are planning public listings. GE T&D India is the latest to join a growing list of global companies like Wabco, ITC, Styrenix Performance Materials, Federal-Mogul Goetze, Timken India, Motherson Sumi, GMM Pfaudler, Thomas Cook, and Whirlpool taking advantage of premium valuations in India, which significantly exceed those of their global counterparts. US-based GE Vernova, formed from the merger and spin-off of General Electric's energy businesses, has decided to sell up to 11.7% of its stake in its Indian-listed subsidiary, GE T&D India, through an offer for sale on Thursday and Friday. The company has set a floor price of ₹1,400 per share, with the deal expected to fetch the promoter around ₹4,200 crore. ...

[hfe_template id='11223'] [ad_1] Benchmark Nifty50 opened at a fresh record high for the fourth consecutive session on Monday, driven by gains in IT and financial stocks. This follows data showing that the country’s economic growth outperformed major economies despite a slowdown.The BSE Sensex was up 240 points, or 0.30%, trading at 82,598, while the Nifty50 rose by 75 points, or 0.30%, to 25,310 around 9:20 am. India’s economic growth in the April-June quarter was 6.7% year-on-year (YoY), easing from 7.8% in the previous quarter, but still the world's fastest-growing major economy. Tata Motors shares fell 1.5% in early trading after the company reported an 8% drop in domestic vehicle sales for August. In contrast, Maruti Suzuki shares edged up 0.5% despite a nearly 4% decline in sales. Meanwhile, TVS Motor shares rose by 1% following a 13% increase in domestic two-wheeler sales for August, while Hero MotoCorp shares jumped over 3% after reporting a nearly 5% rise in...

[hfe_template id='11223'] [ad_1] A sizzling rally in India’s auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins. India’s NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index. Bellwether Maruti Suzuki India Ltd. has slid 6% so far in the month, on track for its worst monthly performance since December 2022. Passenger vehicle inventories have surged to historic highs of up to 72 days, the Federation of Automobile Dealers Association said last month. Waiting period for some models, once as long as 12 months a year ago, have nearly vanished, according to MRG Capital. Increased competition among carmakers has also led to price cuts. These factors have raised concerns about whether local carmakers can sustain the robust sales seen after the pandemic. Bloomberg “After such a run up there is risk that these companies will see correction,” said Manu Rishi Guptha, a portfol...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 180.92 04:04 PM | 8 Aug 2024 -1.5(-0.82%) One97 Communications Share Price 508.5 03:59 PM | 8 Aug 2024 2.65(0.53%) YES Bank Share Price 23.92 04:00 PM | 8 Aug 2024 -0.13(-0.55%) ITC Share Price 494.75 03:59 PM | 8 Aug 2024 2.11(0.43%) HDFC Bank Share Price 1642.7 04:04 PM | 8 Aug 2024 19.21(1.19%) Tata Motors Share Price 1041.75 03:59 PM | 8 Aug 2024 16.46(1.61%) Zomato Share Price 265.59 04:04 PM | 8 Aug 2024 -0.09(-0.04%) Adani Enterprises Share Price 3167.55 03:58 PM | 8 Aug 2024 -18.4(-0.58%) Infosys Share Price 1743.15 03:59 PM | 8 Aug 2024 -48.5(-2.71%) Reliance Industries Share Price 2898.25 03:59 PM | 8 Aug 2024 -31.41(-1.08%) Adani Power Share Price 691.55 03:58 PM | 8 Aug 2024 -0.36(-0.06%) Vedanta Share Price 422.3 04:04 PM | 8 Aug 2024 -10.0(-2.32%) Indian Renewable Energy Development Agency Share Price 247.8 04:04 PM | 8 Aug 2024 -0.45(-0.19%) NHPC Share Price 98.78 04:04 PM | 8 ...