View on market: Stay Cautious, be with quality business: Bonds rose and the dollar held a drop on Thursday after the Federal Reserve raised interest rates as expected to tackle inflation while countering fears of super-sized hikes. Shares in Australia gained and futures pointed to a positive open…
NIFTY: Nifty opened at 17096.60 with a minor gap up of just 27 points. The index recorded its intraday high at 17132.85 and started drifting downwards. Initially, the decline was slow and modest but as the rate hike news comes the downside momentum becomes very strong and the…
View on market: Stay Cautious, be with quality business: Stocks rose and bonds remained under pressure Wednesday as investors geared up for biggest U.S. Federal Reserve interest rate-hike since 2000 and awaited cues from the central bank for tackling inflation. Equities advanced in Australia and South Korea, while…
NIFTY: Nifty opened at 16924.45 wit ha big gap down of 178 points. The index recorded its intraday low at 16917.25 almost at its opening tick and started moving sideways. The index moved very volatile today wit h lots of up and down swings. However he bias was…
View on market: Stay Cautious, be with quality business: Stocks declined and U.S. equity futures fell Monday as inflation worries and China’s Covid lockdowns weighed. Equities fell in Japan, Australia and South Korea. Markets in China and Hong Kong are shut for holidays. U.S. futures stabilized after the…
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. VEDL Recommendation Buy (Rs.408)…
NIFTY: Nifty opened at 17329.25 with a gap up of 84 points. The index first moved down, filled the gap, found support there, and then started an upside move. The rally was slow and steady and prices have kept on moving higher to record its intraday high at…
Result Analysis: Maruti Suzuki India limited Result Update Q4FY22 and FY22 Particulars (In Rs. Cr.) Q4FY22 Q3FY22 Q4FY21 QoQ % YoY% Revenue from Operations 26740 23246 24,024 15.0% 11.3% Other Income 474.4 328 89.8 44.6% 428.3% Total Income 27214 23574 24114 15.4% 12.9% Raw Material Consumed 11,937…
View on market: Stay Cautious, be with quality business: U.S. equity futures declined Friday after post-earnings fall in Amazon.com Inc. and Apple Inc. after Wall Street logged gains. Futures on the S&P 500 and technology-heavy Nasdaq 100 retreated, with the latter shedding over 1%. Equities rose in Australia…
NIFTY: Nifty opened at 17189.50 with a big gap up of 151points.The index first moved down but found support around the 17050 - 17100 zone and then bounded up. Prices have recorded its intraday low at 17071.05 after moving down about one and half hours from the open…