View on market: Stay Cautious, be with quality business: Stocks fell on Wednesday amid a rise in U.S. Treasury yields and the dollar on expectations of aggressive monetary tightening by the Federal Reserve. Equities declined in Australia, Japan and South Korea, while US and European futures also fell,…
NIFTY: The NIFTY opened at 17695.70 with a gap up of just 30 points. The index initially moved up sharply for the first 10 minutes of trading but found resistance there and moved down. Prices have recorded its intraday high at 17764.65, moved down, and erased all the…
NIFTY: The NIFTY opened at 17546.45 with a gap up of just 7 points. The index initially moved up sharply for the first 5 minutes of trading after recording its intraday low at 17540.35. Prices then lost momentum but kept on rising at a slower pace. The index…
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.…