View on market: Volatility Prevails, Market is searching for better value After equities increased on Wall Street, shares increased in Asia, providing some comfort to the financial markets after losses. Stocks in Australia, Japan, and South Korea all increased. The Nasdaq 100 increased 1.5% on Wednesday, its highest…
Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Bharti Airtel Ltd Buy 927 1050 13% 1 Month DLF Ltd. Buy 538 600 12% 1 Month Hindustan Aeronautics Ltd Buy 1958 2200 12% 1 Month Hindustan Unilever Ltd Buy 2467 2750 11% 1 Month ICICI Bank Ltd…
NIFTY: The NIFTY opened at 19622.40 with a gap down of just 16 points. The index started drifting downwards from its opening tick and saw a down move of almost 100 points within the first 5 minutes of trading. Prices continued moving downward but in a mild way…
View on market: Volatility Prevails, Market is searching for better value Asian shares slumped, tracking U.S. peers lower after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields. Stocks declined more than 1% at the open in Japan…
NIFTY: The NIFTY opened at 19581.20 with a gap up of 58 points. The Index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have filled the gap, found strong support there, and started moving higher. A sharp rally took place…
Oil and Natural Gas Corporation Limited (ONGC) is the top exploration and production firm in India with a combined crude oil and gas production of 53 million metric tonnes of oil equivalent (mmtoe) in FY2023. Additionally, the ONGC group had 2P reserves (oil and gas) of 1221 million…
NIFTY: The NIFTY opened at 19761.80 with a gap up of 45 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have recorded its intraday high at 19766.65 in its initial trades and moved lower for the whole…
View on market: Volatility Prevails, Market is searching for better value While oil's rise faltered, Asian stocks appeared on track to experience their largest quarterly fall in a year. In Australia, shares opened higher, but they decreased in Japan. The U.S. indices increased as a result of strong…
NIFTY: The NIFTY opened at 19637.05 with a gap down of 27 points. The index continued its bearish momentum and saw a sharp decline from its opening tick but soon found support just above 19550. Prices have recorded its intraday low at 19554 and saw a V-shaped reversal.…
View on market: Volatility Prevails, Market is searching for better value As investors anticipated higher interest rates and soaring oil costs following the extension of crude's one-year high, shares in Asia slumped. Japanese and New Zealand equity indices fell, while Australian stocks were unchanged after suffering losses earlier.…