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 […]
Indian stock markets
In its latest note, global brokerage house Jefferies highlighted that the Modi government’s renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd. The brokerage noted that among the 4 key states that could hold sway, 3 are […]
Indian stock market will be guided by both global and domestic factors including the US Federal Reserve interest rate decision, India’s inflation data, and policy decisions of the BJP-led coalition government in the week ahead. On June 12, the Federal Reserve will release US core and consumer price inflation figures, […]
Banking Q4 Review Reviewing the Q4 results for the banking space, the brokerage pointed out that banks, including Small Finance Banks (SFBs), in its coverage have sustained robust credit growth, aligning closely with anticipated 17 percent year-on-year growth (excluding HDFCB). While some banks have voiced concerns regarding corporate growth due […]
Today’s surge, particularly noteworthy, saw indices climbing by nearly 2 percent. This remarkable rebound coincided with the Reserve Bank of India’s optimistic revision of the FY25 GDP growth forecast to 7.2 percent, up from the previous 7 percent projection. Furthermore, the central bank maintained a steady course by leaving the […]
In a recent report, brokerage house Emkay believes that at 19.5x PER, the correction isn’t deep enough yet. At current levels, the brokerage is neutral on equities and would stay invested but not add to positions. If the Nifty does correct another 10 percent to below 20,000, it sees the […]
In today’s session, Indian markets experienced a dramatic reversal, undoing the gains seen on Monday, as indications from the Lok Sabha election results diverged from the optimistic forecasts of exit polls. This unexpected turn of events sent shockwaves through the investor community, leading to a panic-driven selloff that wiped out […]
Edited excerpts: Market has been on a high, will it remain the same ahead of election results or will there be a correction? Markets work like discounting machines that often incorporate forward-looking events into current prices. They typically show a reversal only when unexpected surprises occur. Events like election results […]
The brokerage reiterated its “underperform” call on the stock, with a target price of ₹96, implying a potential downside of 47 percent from Thursday’s close of ₹180.60. The escalating competitive landscape primarily influences the bearish target set by the global brokerage, as numerous e-commerce platforms venture into the quick commerce […]
The Nifty 50 opened down 67.60 points, or 0.30 percent, at 22,637.10, while the Sensex fell 225.37 points, or 0.30 percent, at 74,277.53. SBI, ONGC, Hindalco, ICICI Bank, and Kotak Mahindra Bank were among the top Nifty gainers; Tata Steel, Titan Company, Power Grid Corp, Dr. Reddy’s Labs, and JSW […]