Company Recommendation Accu./Buy(Rs) Target (Rs) Upside (%) Time Horizon ICICI Bank Buy 848 975 15% 1Month Ultratech Cement Buy 6232 6855 10% 1Month ITC Accumulate 305 - 324 363 12% 1Month Reliance Industries Accumulate 2350 - 2374 2611 10% 1Month Tata Chemicals Buy 1094 1182 8% 1Month Mahindra…
View on market: Stay Cautious, be with quality business: Stocks in Asia struggled to make headway and US equity futures fell as negative sentiment persisted in markets amid fears that central banks across the world will keep hiking rates until inflation is under control. Equities dropped in Japan…
NIFTY: The NIFTY opened at 16798.05 with a minor gap down of just 20 points. Initially, the index moved lower but quickly found support and started consolidating inside a range. Prices recorded its intraday low at 16747.70 and then broke out on the upside. The index rallied sharply.…
Indian Railway Catering&Tourism Corp is engaged in the basic purpose of hiving off entire catering and tourism activity of the railways to the new company so as to professionalize and upgrade these services with public-private participation. Rail based Tourism in India will be the specific vehicle for achieving…
RBI on Friday 30th September said that the recent sharp rate hikes and forward guidance about further big rate hikes have caused tightening of financial conditions, extreme volatility, and risk aversion. All segments of the financial market including equity, bond and currency markets are in turmoil across countries.…
View on market: Stay Cautious, be with quality business: U.S. stocks dipped once again as Federal Reserve remained resolute in its hawkish stance to battle inflation. Treasuries pared losses with 10-year yield rising three basis points to 3.76%. The S&P 500 fell 2.2%; the tech-heavy Nasdaq joined the…
NIFTY: The NIFTY opened at 16993.60 with a big gap up of 135 points. Initially, the index moved higher but quickly found resistance and turned down after recording its intraday high at 17026.05. Prices have seen a sharp intraday fall. Minor rallies in between turned around quickly, and…
While stock markets have a great potential to deliver high returns on investments, it is also known to be quite risky. If you are new to the stock market, it is advisable to act cautiously while investing in it. It is common to see people complaining about the…
View on market: Stay Cautious, be with quality business: U.S. stocks finally emerged from the rout since Federal Reserve’s recent hawkish policy announcement. Meanwhile, 10-year treasuries declined 21 basis points to 3.73%. The S&P 500 rose 1.6%, while the tech-heavy Nasdaq increased 1.4%. Elsewhere, oil rose 3.8%. Gold…