Indian stock markets opened higher on Monday, mirroring gains in global equities and shrugging off last week’s sharp declines. The benchmark Sensex opened at 81,926.99, up from its previous close of 81,688.45, while the Nifty50 began trading at 25,084.10, higher than Friday’s close of 25,014.60. The positive start comes after a tumultuous week that saw […]
A sharp rally in Chinese equities last week has prompted Foreign Portfolio Investors (FPIs) to adopt a ‘Buy China, Sell India’ strategy in October, leading to the offloading of ₹30,718 crore in Indian equities over just three trading sessions. Data from depositories showed FPIs net sold ₹27,142 crore worth of Indian stocks between October 1-4, […]
Long-term investors can buy the shares of Quess Corp (₹744.40) at current levels. The stock has been in a strong uptrend since March last year. The surge above ₹700 in August has broken a strong long-term trendline resistance. The recent fall from the high of ₹875 made in September is a correction within the broad […]
When faced with a choice between choosing a weapon-less Lord Krishna and the most powerful army (Dwaraka army) in the world, Arjuna chooses the former. Consequently, Duryodhana is thrilled by Arjuna’s choice, as this would mean that the most powerful army would be siding with the Kauravas. The current situation in the market isn’t dissimilar. […]
Asia Index, a wholly-owned subsidiary of leading stock exchange BSE Ltd, on Friday announced the launch of three new indices — BSE Sensex Sixty 65: 35, BSE Sensex Sixty, BSE Power and Energy Index. These indices can be used for benchmarking of PMS strategies, mutual fund schemes and fund portfolios, Asia Index said in a […]
China seems to have gained at the expense of India when it comes to foreign flows. China funds cornered historic high flows of $6.2 billion this week, bringing total flows over the past two weeks to $7.2 billion. Foreign flows into India-dedicated funds, on the other hand, decelerated to $107 million, compared to an average […]
Bank Nifty opened today’s session lower at 51,644 versus yesterday’s close of 51,845. The index is now hovering around at 51,860. The advance/decline ratio stands at 9/3, giving the index a bullish bias. Bank of Baroda, up 2 per cent, is the top gainer whereas HDFC Bank, down 0.5 per cent, is the top loser. […]
Target: ₹2,100 CMP: ₹1,580.65 Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus Opal. The growth recovery (~20% in FY25E vs 13 per cent in FY24) is underpinned by a recovery in messaging volume (ILD & NLD), a net new firewall deal, WhatsApp/RCS opportunities, and expansion […]
Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra. The appointment has been effected from September 30, the Forum said in a statement. Gupta, who is a director of Sykes & Ray Equities (I) Ltd, brings extensive financial expertise, including M&A, corporate finance, and […]
Target: ₹496 CMP: ₹370.40 Integrated pharmaceutical major with capabilities across the value chain, Biocon is a leading integrated global pharmaceutical company with a comprehensive presence across the entire value chain, encompassing research and development (R&D), manufacturing, and marketing. The company boasts a geographically diverse revenue base, drawing from markets including the US, EU, India, and […]