Mumbai: Domestic mutual funds reduced their exposure to many public sector stocks in the March quarter following a sharp rally in the pack over the past year. Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw …
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus …
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones. Positive setup was …
Mumbai: Investors in Bharat Heavy Electricals (BHEL) have reasons to be happy with the stock more than doubling so far in 2023 to an eight-year high but the more seasoned on Dalal Street are watching the run-up with a dash of cynicism. They do not want a repeat of 2007-08 – the peak of the …
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The …
The Indian market is expected to trade flat on Monday amid mixed global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19600 on Friday. India VIX was down by 0.76% from 10.89 to 10.81 levels in the previous trading session. Volatility has been moving in a narrow range …
With the momentum in the market remaining bullish, Nifty Bank is now approaching its all-time high and can even zoom past the 47,000-level, says Rupak De of LKP Securities. “The strong presence of Put writers at 46,000 has helped the index to stay in positive territory. The trend is anticipated to stay bullish as long …