View on market: Stay Cautious, be with quality business: Asian markets point towards a muted start as the U.S. stocks advanced late in the day amid holiday-thinned trading. The U.S. benchmarks were little changed in Asian trading. Sydney and Hong Kong are set to reopen after a long…
NIFTY: The NIFTY opened at 17533.85 with a gap down of just 24 points. After the opening tick, the index started a consolidation process and eventually broke on the upside. The index recorded its intraday low at 17502.85, saw a sharp upside move, and went above 17600. Prices…
View on market: Stay Cautious, be with quality business: U.S. equity futures made small gains in cautious trading on Monday as the Asian session got underway. Investors weigh the U.S. jobs report, which support bets for another Federal Reserve rate hike to control inflation and ease concerns that…
The start of 2023 was looking good with improving supply conditions, a strong economy, optimistic financial markets, and central banks guiding their economies towards a soft landing. However, things have taken a dramatic turn in just a few weeks in March. The global economy is now facing turbulence…
NIFTY: The NIFTY opened at 17422.30 with a gap up of just 24 points. The index continued its bullish momentum and started rising after recording its intraday low at 17402.70 in its initial trades. Prices continued its upward journey throughout the day with minor dips in between. Those…
View on market: Stay Cautious, be with quality business: Asian markets were set to fall after the U.S. equities dropped and government bonds rallied against the backdrop of weaker-than-expected economic data that supported forecasts for recession. Contracts for share benchmarks in Japan and Australia declined. The S&P 500…
View on market: Stay Cautious, be with quality business: Equity markets in Asia were poised for a cautious open after U.S. stocks halted a four-day winning streak amid a selloff in banks. Contracts for the U.S. benchmarks edged higher in early Asia trading Wednesday after the S&P 500…
NIFTY: The Indian stock market index, NIFTY, opened with a gap up of 68 points at 17427.95, but soon started to decline after hitting its intraday high at 17428.05. The index filled the gap and found support above 17300, after which it started to climb back up. In…
Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Eicher Motors Buy 2950 3215.5 9% 1 Month ICICI Bank Buy 860 980 14% 1 Month ITC Buy 375 400 7% 1 Month Maruti Suzuki Buy 8292 8694 5% 1 Month NCC Buy 106 121 14% 1 Month…
View on market: Stay Cautious, be with quality business: U.S. equity futures slipped, the yen weakened and the Norwegian krone climbed as the surprise production cut from OPEC+ sent oil prices about 7% higher. The bumpy open to Monday trading and fears of rising prices contrasts with the…