After a strong 2023, foreign portfolio investor (FPI) inflows into Indian equities were relatively modest in the first half of 2024, amounting to ₹3,201 crore. This follows a substantial inflow of over ₹17,000 crore in the previous year. Despite the market’s bullish trend and multiple new highs, FPIs remained cautious […]
Indian stock markets
The Nifty-50 reached the 24,000 mark on June 27, 2024, closing above this level for the first time. This latest 1,000-point rally was the fastest ever, taking just 0.8 months or 17 sessions, highlighted brokerage house Geojit Financial Services in a recent note. Additionally, the index has added 5,000 points […]
According to Incred, the expected increase in gas costs driven by higher APM (Administrative Price Mechanism) prices and rising Henry Hub (HH) prices will offset the impact of lower LNG prices. As a result, earnings per share (EPS) are projected to decline after peaking in FY25F. Moreover, the electric vehicle […]
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the […]
Before that, the stock had risen by 2.6 percent in April but faced losses in the first three months of the year. It declined by 3.3 percent in March, 5.8 percent in February, and 12.3 percent in January. Overall, in 2024, the stock has declined 13 percent while it has […]
Shares of textile manufacturer Raymond surged 12 percent in intra-day deals today to hit a record high of ₹2,694.95 apiece. The stock is now over 81 percent higher than its 52-week low of ₹1,487, hit on December 1, 2023. The rise in Raymond comes on the back of a strong […]
The brokerage noted that even though the incumbent party failed to cross the majority mark on its own in its third term, it still retained its spot of being the largest party with the highest vote – subduing the fear regarding meaningful deviation from the stated policies. MOSL continues to […]
The benchmark Nifty has surged over 4 percent in June, reaching around the 23,500 mark and setting multiple new highs along the way. With high valuations for most stocks and no significant correction in sight, investors may find it challenging to determine where to invest. To address this, brokerage house […]
Back at home, the first hundred days of the new government are crucial, he said. Besides the infrastructure push, the government has promised solar rooftops for 10 million households. He expects additional initiatives in the green energy sector along with increased focus on the semiconductor space. Edited excerpts: What is […]
Morgan Stanley’s latest report on chemical stocks reflects cautious sentiment, foreseeing ongoing challenges for the sector in the near term. It believes that the chemicals sector is still not out of the woods and advises remaining on the sidelines until an earnings upgrade cycle occurs. The brokerage also expressed a […]