The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty 24,100 points for the first time, […]
Auto
M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems”. The outlook for M&M’s automotive business is upbeat, with the company […]
Going ahead, the brokerage sees limited short-term upside for the Nifty due to high valuations and a lack of positive catalysts. Despite this, the pause is viewed as a temporary phase in a long-term bull market, with a low likelihood of a significant correction. SAMCO maintains a positive outlook on […]
Reconsidering its earlier portfolio in light of the unexpected election results, brokerage house Prabhudas Lilladher believes portfolio allocations and future policies of NDA government will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will […]
Over the past 3 months, the Indian market has traded cautiously, with the Nifty50 index confined to a narrow range of 1,000pts, between 21,800 and 22,800. However, this week has seen a departure from this trend, as the market comfortably surpassed this range, closed at a new high of 22,952 […]
The Indian market has been exceptionally volatile in the month of May. After falling over 3 percent in the first half, it rebounded a bit and is now down around 0.4 percent this month. The volatility has been attributed to some concerns surrounding the election results as well as the […]