View on market: Volatility Prevails, Market is searching for better value Following a drop in US stocks and Treasuries, Asian stocks are expected to open neutral as attention turns to Friday's jobs report for guidance on the direction of the Federal Reserve's next moves. Benchmark index futures for…
Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Ambuja Cements Buy 470 526 12% 1 Month Coromandel International Buy 1032 1244 20% 1 Month ICICI Bank Buy 963 1088 13% 1 Month ITC Buy 455 523 14% 1 Month Larsen & Toubro Buy 2600 3068 18%…
NIFTY: The NIFTY opened at 19655.40 with a gap down of 78 points. The index continued its early morning bearish momentum and started drifting downwards from its opening tick. The index recorded its intraday high at 19678.25 in its initial trades and saw a down move of more…
View on market: Volatility Prevails, Market is searching for better value As investors digested data indicating a robust U.S. labour market that will retain pressure on the Federal Reserve to maintain tight policy, Asian equities futures sank after sharp selling in U.S. markets. Contracts for benchmarks in Hong…
NIFTY: The NIFTY opened at 19784 with a gap up of just 31 points. The index could not able to move further up and started a consolidation process which eventually broke on the downside. Prices have recorded its intraday high at 19795.60 in its initial trades and saw…
View on market: Volatility Prevails, Market is searching for better value Stock futures for Australia, Japan, and Hong Kong are all lower on Wednesday, indicating a depressed mood. Following a downgrading of the United States by Fitch Ratings before to the opening of Asian markets, the benchmark S&P…
NIFTY: The NIFTY opened at 19666.35 with a gap up of just 20 points. The index initially moved down for the first 5 minus of trading but found support quickly and turned up. Prices have recorded its intraday low at 19597.60 and started moving higher. The index has…
View on market: Volatility Prevails, Market is searching for better value The strong sentiment on Wall Street, which saw the S&P 500 end July with its best sequence of monthly advances in nearly two years, gave Asian equities hope that the new month would begin with higher prices.…
NIFTY: The NIFTY opened at 19659.75 without any gap. The index moved up after the opening but quickly turned around and started drifting downwards after recording its intraday high at 19695.70. In the first half of trading the Index remained weak and slowly moved downwards toward 19600. The…