NIFTY: The NIFTY opened at 19258.15 without much of a change. The index initially consolidated and soon broke on the upside after recording its Intraday low at 19255.70. Prices slowly inched higher but again formed a consolidation. A breakout came on the upside again and prices rallied sharply…
View on market: Volatility Prevails, Market is searching for better value As traders considered U.S. jobs statistics that fueled hope the Federal Reserve is reaching the conclusion of its tightening cycle, Asian equities appeared set for small gains. Futures contracts for Australian and Japanese stocks increased marginally. Traders…
ICICI Bank Limited is the second largest private bank of India and has a leading position in other financial services businesses through its subsidiaries. The bank offers a wide range of banking and financial services including commercial banking and treasury operations to large set of customers viz. large…
NIFTY: The NIFTY opened at 19375.55 with a gap up of just 28 points. The index initially moved down then turned up and then formed a consolidation which eventually broke downside. Prices have recorded its intraday high at 19388.20 just above the opening tick and saw a sharp…
View on market: Volatility Prevails, Market is searching for better value After a quiet session on Wall Street, stocks in Asia were neutral as investors awaited Friday's jobs report to determine the direction of Federal Reserve policy. Australia's shares fell, while Japan's shares increased little. According to earlier…
Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Aarti Industries Buy 491 563 15% 1 Month ICICI Bank Buy 962 1088 13% 1 Month Indiamart Intermesh Buy 3059 3550 16% 1 Month Indian Hotels Buy 421 500 19% 1 Month ITC Buy 440 535 22% 1…
NIFTY: The NIFTY opened at 19433.45 with a gap up of 91 points. The index continued moving higher but soon found resistance around and turned down after recording its intraday high at 19452.80.Prices moved in a sideways manner and slowly inched downwards. Around 02:00 PM the Index saw…
View on market: Volatility Prevails, Market is searching for better value After U.S. economic statistics indicated slowing growth, Asian stocks are expected to follow Wall Street advances, strengthening the case that the Federal Reserve's tightening cycle is about to come to an end. Hong Kong, Australia, and Japan…
NIFTY: The NIFTY opened at 19374.85 with a gap up of 68 points. The index could not move further up and started drifting downwards after recording its intraday high at 19377.90 in its initial trades. Prices have seen a sharp decline and then started a process of consolidation.…
View on market: Volatility Prevails, Market is searching for better value As China's biggest banks apparently prepare to drop interest rates and investors believe the Federal Reserve is about to finish its tightening campaign, Asian equity futures pointed to gains around the region on Wednesday. As a result…