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 16854.75 with a big gap up of 177 points. The index initially moved lower but soon prices turned up and saw a rally of more than 150 points. The index recorded its intraday high at 16945.70 and found strong resistance there. Prices have drifted…
Company Recommendation Accu./ Buy (Rs) Target (Rs) Upside (%) Time Horizon TCS Buy Rs. 3509 3810 9% 1Month HDFC Bank Buy Rs. 1349 1480 10% 1Month Indian Hotels Accumulate Rs. 243 - 246 270 10% 1Month ITC Buy Rs. 262 282 8% 1Month Coromandel Int. Buy Rs. 913…
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…