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[hfe_template id='11223'] [ad_1] Indian markets remained volatile after five consecutive days of decline, ultimately ending flat amid mixed cues. In today's trade, shares of Hindalco, SJVN, Honasa Consumer, ICICI Bank, Tata Power among others will be in focus due to various news developments and third quarter results. Hindalco, SJVN Shares of Hindalco and SJVN will be in focus as the companies will announce third quarter earnings later today. Honasa Consumer Mamaearth operator Honasa Consumer reported its December quarter consolidated net profit at Rs 26 crore which was flat over Rs 25.9 crore reported in the year ago period. Suven Pharmaceuticals Suven Pharmaceuticals reported a 77% year-on-year (YoY) jump in net profit at Rs 83 crore for the third quarter. Revenue from operations gained 40% to Rs 307 crore. ICICI Bank ICICI Bank said JV partner Prudential PLC is evaluating potential listing of ICICI Prudential Asset Management. Stock Trading Maximise Returns by Inv...

[hfe_template id='11223'] [ad_1] Technical indicators point to a bullish trend as the Nifty breaks out of a five-week consolidation, paving the way for an extended rally toward 25,200 in coming weeks, according to analysts. Stocks like Reliance, SBI, Infosys, L&T, Axis Bank, PFC, Titan, National Aluminium, Natco Pharma, MCX, CDSL, BSE, and Indian Hotels are poised for short-term upside, they added. Agencies DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES Where is Nifty headed this week? On expected lines, Nifty logged a resolute breakout from fi ve weeks of consolidation (24,500-23,300) that augurs well for the extension of the ongoing up-move towards 25,200. Meanwhile, the follow-through strength in Bank Nifty post two months of consolidation breakout signifi es acceleration of upward momentum that makes us believe Bank Nifty would eventually challenge lifetime highs of 54,400. FIIs have turned positive during the week as they remained buyers on three out of fi...

[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] With Prime Minister Narendra Modi-led BJP failing to secure a simple majority on its own in the Lok Sabha election, global brokerage firm CLSA has tweaked its India portfolio to make it more defensive. It has replaced L&T with HCL Tech in India-focus portfolio. "Recognising these uncertainties, we take out L&T from our India focus portfolio and replace it with HCL Tech. L&T has been in our portfolio since its inception in January 2021 and outperformed by a huge 106.2ppt. ITC remains our preferred staples name," CLSA said. The brokerage is now clearly overweight banks, commodities, and IT along with insurance and staples. "Our exposure to Modi stocks is limited to ONGC and Reliance as these have rerated by less than 15% in the last six months. We fear de-rating in the expensive discretionary and capex space and prefer the valuation support in private banks," it said. On Modi stocks, it said the rally was led...