Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel’s attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran’s military sites, damage was limited. Iranian media downplayed the impact of …
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| …
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani …
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target …
Shares of Bharti Airtel jumped nearly 5% to the day’s high of Rs 749 on the NSE in Tuesday’s trade following its December quarter earnings on Monday. A favourable view from a couple of brokerages helped the price surge. While Macquarie has maintained an ‘Outperform’ rating, Motilal Oswal has recommended a buy view. The company …
The stock of Euphoria Infotech India on Tuesday was listed at a premium of 90% over the issue price of Rs 100, making a strong debut at Rs 190 on the BSE. The stock went on to hit the day’s high of Rs 199.50. The initial public offering (IPO) of Euphoria Infotech India was subscribed …
Nifty, which had formed a bearish engulfing pattern on the weekly as well as on daily charts, opened Tuesday’s trading session on a strong note with the index scaling above the 21,700 level.Given the circumstances, three stocks have formed a strong setup on the technical charts giving an attractive risk-to-reward ratio. Analyst: Sheersham Gupta, Director …
Indian headline indices ended in the red on Saturday conceding their morning gains amid selling pressure in FMCG, IT and pharma sectors despite a good show by banks. The S&P BSE Sensex declined nearly 260 points while the Nifty50 closed below 21,600 level. Stocks that were in focus include names like Bharti Airtel rose more …
Brokerage firm Citigroup maintained a buy on IGL, CLSA maintained a buy rating on Titan Company, Axis Capital initiated coverage on Rallis India to reduce and Jefferies maintained a buy rating on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on IGL: Buy| Target …
The Indian market was trading higher on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.49% at 21722 levels on Wednesday. India VIX was down by 2.21% from 13.26 to 12.97 levels. Volatility rose above 14.5 zones during the day but cooled off later and paved the way for the …