Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more
Stock Market News: Domestic equity benchmarks Sensex and Nifty 50 snapped their two-week losing streak in the previous session powered by information technology (IT) stocks after positive macroeconomic data in the US allayed fears of a recession in the world’s largest economy, resulting in better risk appetite. The NSE benchmark posted its best session since … Read more
Stocks to buy or sell: The Indian stock market has been on a record-setting spree of late on solid support from retail investors amid a healthy macroeconomic outlook and the expectations of the start of a rate cut in the US. The benchmark index, the Nifty 50, has been hovering near the 25,000 level, while … Read more
Indian stock market: Market indices Sensex and Nifty reached new closing highs on Monday, July 15, driven by gains in select index heavyweights including SBI, ONGC, NTPC, and ITC. The Nifty 50 reached a new record peak of 24,635.05 during the session, ultimately closing 85 points higher at 24,586.70, an increase of 0.35 percent. Meanwhile, … Read more
Shares of Globus Spirits have been on a downward trend since January 2022, primarily due to challenges such as rising raw material and power costs over the past two years. During this period, the stock has decreased from its all-time high of ₹1,719 to the current level of ₹858.40, marking a 50% drop. Despite these … Read more
Stocks to buy or sell: Following strong global market sentiments on the US Fed rate cut buzz, the Indian stock market ended higher on Wednesday. Strong buying was witnessed across segments; all three frontline indices touched a new lifetime high. According to Sumeet Bagadia, Executive Director at Choice Broking, members of the US Fed officials … Read more
Buy or sell stocks for today: On Tuesday, despite mixed global cues, the domestic benchmark indices, the Sensex and the Nifty 50, reached new all-time high levels before finishing flat as a result of profit-taking in a few banking and telecom stocks. In a volatile trade, the 30-share BSE Sensex fell 34.74 points, or 0.04%, to … Read more
Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the … Read more
The medium-term outlook for the market is positive even though risks of sticky inflation, elevated interest rates for an extended period, and geopolitical developments loom. The domestic economy is on a healthy footing, and there are high expectations that the government’s policy reforms will continue to bolster growth and employment. The prospect of an above-normal … Read more
Indian stock market: The Indian stock market benchmark index Nifty 50 ended its five-session winning streak on Wednesday, June 19, due to profit-taking at higher levels. The Nifty 50 reached a new peak of 23,664 during the session but retreated from those levels to close down 42 points, or 0.18%, at 23,516. During the session, … Read more