View on market: Stay Cautious, be with quality business: Stocks in Asia advanced amid rise in US equity futures on Tuesday amid a dip in the dollar, uptick in sentiment. Shares gained in Japan, Australia and South Korea. S&P 500 futures pushed higher. At 7:15 am, the Singapore-traded…
Company Recommendation CMP (Rs) Target (Rs) Upside (%) Time Horizon Reliance Industries Buy 2555 2850 11.55% 1Month Mahindra & Mahindra Buy 1310 1500 14.50% 1Month Kotak Mahindra Bank Buy 1940 2095 8% 1Month HDFC Bank Buy 1491 1700 14% 1Month Infosys Buy 1458 1600 9.7% 1Month Gujarat Fluorochemicals…
Tamilnad Mercantile Bank Limited IPO Company Profile : Tamilnad Mercantile Bank (TMB) Limited is almost 100 years old Tuticorin, Tamil Nadu based private bank. It offers a range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers. As of March 31,…
Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. It also manufactures engines for industrial and marine applications, forgings and castings. The company has a strong brand and well-diversified distribution and service network…
View on market: Stay Cautious, be with quality business: European equity futures tumbled and the euro fell Monday as the region’s worsening energy crisis added to concerns about a global economy already facing inflation, monetary policy risks. The dollar was firm. Crude jumped past $88 a barrel ahead…
NIFTY: The NIFTY opened at 17598.40 with a gap up of 56 points. The index initially moved down after recording its intraday high at 17643.85 and filled the gap easily. Prices have moved further on the downside and recorded its intraday low at 17476.45. The index found support…
NIFTY: The NIFTY opened at 17485.70 with a big gap down of 274 points. The index found support around 17500 and bounced up. Prices have rallied but failed to fill the gap. Prices have recorded its intraday high at 17695.60 and moved down after facing strong resistance there.…
View on market: Stay Cautious, be with quality business: A late recovery on Wall Street took U.S. stocks higher ahead of U.S. jobs report on Friday, which would possibly hint at the extent of hawkishness of the Federal Reserve at its meeting later this month. The S&P 500…
NIFTY: The NIFTY opened at 17414.95 with a gap-up of 102 points. The index continued its bullish momentum and started moving higher after recording its intraday low at 17401.50. Prices have kept on moving higher and boosted the pace in the afternoon. The index rallied more than 300…
View on market: Stay Cautious, be with quality business: Indian stock markets, having shown resilience so far, will open on Thursday amid unabated concerns over central banks around the globe stepping up their fight against inflation. That dragged U.S. stocks lower on the final day of August. The…