NIFTY: The NIFTY opened at 19521.85 with a gap up of 85 points. The index initially moved sideways which later broke on the downside and prices have started drifting downwards. Prices found support before filling up the gap and bounced up after recording its intraday low at 19487.30.…
View on market: Volatility Prevails, Market is searching for better value Before a monthly data on U.S. payrolls that would help determine the direction of Federal Reserve interest rates, shares in Asia were largely unchanged. While shares in Japan and Hong Kong equity futures clung within narrow ranges,…
NIFTY: The NIFTY opened at 19446.30 with a gap down of 82 points. The index started drifting downwards from its opening tick and saw a down move but soon started a consolidation process. That consolidation broke on the downside and prices have seen another leg of a decline.…
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…