View on market: Stay Cautious, be with quality business: Asian stocks opened steady Thursday as a global equities rally paused with investors weighing the impact of the new virus variant on the economy. Treasuries were stable after declining. Benchmarks fluctuated in Japan, South Korea and Australia. U.S. contracts…
NIFTY: NIFTY opened at 17315.25 with a gap up of 139 points. The index recorded its intraday low at 17308.95 within the first few minutes of trading and then rallied higher. The rally paused at 10:00 AM and then started a process of consolidation that lasted till the…
Key Highlights: The MPC voted unanimously to keep the policy repo rate unchanged at 4% for the ninth time. Reverse repo rate remains unchanged at 3.35%. The stance remained accommodative, five members voted in favour, while one voted for a change. CRR is maintained at 4% Projection for…
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014 Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this…
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014 Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of…
December 8, 2021
Morning Outlook 8th December, 2021
NIFTY: NIFTY opened at 17044.10 with a gap up of 132 points. The index moved down for the first 15 minutes of trading and recorded its intraday low at 16987.75. The index then moved up. Prices have seen a sharp intraday rally of more than 250 points and…
View on market: Stay Cautious, be with quality business: Asian stocks opened higher after technology shares led U.S. equities to their biggest rally in nine months as traders bet the omicron Covid variant won’t stall the global recovery. Treasury yields pared an advance. Equity benchmarks rose in Japan,…
December 7, 2021
Morning Outlook 7th December, 2021
NIFTY: NIFTY opened at 17209.05 with a gap up of just 13 points. The index recorded its intraday high at 17216.75 within the first five minutes of trading started drifting downwards. Prices kept on falling throughout the day. Minor rallies fizzled out quickly and the index recorded its…
Company Recommendation Acc. (Rs) Target (Rs) Upside (%) Time Horizon United Spirits Accumulate Rs. 854 - 864 970 13% 1Month Bharti Airtel Accumulate Rs. 687 -697 780 15% 1Month Larsen & Toubro Accumulate Rs. 1748 - 1766 2000 14% 1Month ICICI Bank Accumulate Rs. 695 - 703 800…
View on market: Stay Cautious, be with quality business: Most Asian stocks rose at the open Tuesday after U.S. equities rebounded and China pledged measures to support slowing economic growth. Treasuries steadied after tumbling. Equity benchmarks advanced in Japan and Australia, while South Korea was little changed. U.S.…
