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Rakesh Patil

Senior Data Analyst

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Slideshow | Check out Axis Securities view on the sectoral indices

BUSINESS

Slideshow | Check out Axis Securities view on the sectoral indices

Check out why Axis Securities remain underweight on auto, bank, oil & gas, capital goods, cement and overweight on consumer staples, IT, pharma and telecom space.

Rupee ends lower at 75.73 per dollar

BUSINESS

Rupee ends lower at 75.73 per dollar

Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services expects 75, to act as a strong support and USDINR spot may appreciate towards 76.

Closing Bell: Sensex, Nifty end marginally lower due to profit booking; auto index rises 4%

BUSINESS

Closing Bell: Sensex, Nifty end marginally lower due to profit booking; auto index rises 4%

Among sectors, Nifty auto index rose over 4 percent followed by IT, infra, metal, while selling witnessed in the bank and pharma stocks.

Slideshow | Market loses 6% amid rising coronavirus cases, no stimulus package from government; Rupee falls

BUSINESS

Slideshow | Market loses 6% amid rising coronavirus cases, no stimulus package from government; Rupee falls

In the last week the Indian rupee ended lower by 45 paise at 75.55 on May 8 against its April 30 closing of 75.10.

Slideshow | Brokerages bet on these 10 stocks for 15-66% returns

BUSINESS

Slideshow | Brokerages bet on these 10 stocks for 15-66% returns

Here are the 10 stocks in which brokerages maintained buy call and expecting upside between 15-66 percent.

Rupee ends higher at 75.55 per dollar

BUSINESS

Rupee ends higher at 75.55 per dollar

The IIP numbers ahead are expected to be weak and are going to further worsen the rupee-dollar equation, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

Closing Bell: Nifty ends above 9,250 boosted by RIL, Sensex up 199 pts; pharma stocks gain

BUSINESS

Closing Bell: Nifty ends above 9,250 boosted by RIL, Sensex up 199 pts; pharma stocks gain

Buying seen in the pharma, FMCG, energy, IT and infra space, while selling seen in the auto, bank and metal sectors.

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 7

BUSINESS

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 7

Benchmark indices ended lower on May 7 dragged by FMCG, pharma, bank, IT and auto stocks

Currency market shut today on account of Buddha Purnima

BUSINESS

Currency market shut today on account of Buddha Purnima

the volatility in spot may continue and 75.30-75.50 will act as a strong support and we may see a bounce towards 76.50 level, says Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.

Closing Bell: Nifty ends below 9,200; Sensex falls 242 pts; YES Bank up 6% post Q4 numbers

BUSINESS

Closing Bell: Nifty ends below 9,200; Sensex falls 242 pts; YES Bank up 6% post Q4 numbers

All the sectoral indices ended lower. BSE Midcap index was down 0.5 percent, while BSE Smallcap index was ended flat.

Rupee closes lower at 75.76 per dollar

BUSINESS

Rupee closes lower at 75.76 per dollar

Rupee is expected to gyrate in the range of 75.20 -76.60 in coming days, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

Closing Bell: Nifty ends above 9,250 amid volatility, Sensex up 232 pts; ITC falls 5%

BUSINESS

Closing Bell: Nifty ends above 9,250 amid volatility, Sensex up 232 pts; ITC falls 5%

Bajaj Finance, M&M, GAIL, HDFC Bank and Bharti Airtel were among major gainers on the Nifty, while losers were Bharti Infratel, ITC, Coal India, IOC and UPL.

Rupee ends marginally higher at 75.63 per dollar

BUSINESS

Rupee ends marginally higher at 75.63 per dollar

The Indian rupee is likely to gyrate in the range of 75.20 and 76.60 in near term, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

Closing Bell: Indices turn negative in afternoon trade with Nifty below 9,250; Bank Nifty falls 2%

BUSINESS

Closing Bell: Indices turn negative in afternoon trade with Nifty below 9,250; Bank Nifty falls 2%

SBI, Bajaj Finance, Britannia Industries, Asian Paints and Tata Motors were among major losers on the Nifty.

Slideshow | RIL, TCS among 5 stocks where brokerages see 5-20% upside

BUSINESS

Slideshow | RIL, TCS among 5 stocks where brokerages see 5-20% upside

Here are the five stocks in which brokerages are expecting 5-20 upside:

Rupee ends lower at 75.71 per dollar

BUSINESS

Rupee ends lower at 75.71 per dollar

Going ahead USD/INR spot may trade above the support of 74.50 towards 75.50/76, says Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.

Closing Bell: US-China tension drags Nifty below 9,300, Sensex falls 2,000 pts; Nifty Bank plunges 8%

BUSINESS

Closing Bell: US-China tension drags Nifty below 9,300, Sensex falls 2,000 pts; Nifty Bank plunges 8%

Except pharma, all other sectoral indices ended in the red. BSE Midcap and Smallcap indices fell between 3-4 percent.

Slideshow | Market rallies nearly 8% amid F&O expiry, positive global cues; rupee gains 135 paise

BUSINESS

Slideshow | Market rallies nearly 8% amid F&O expiry, positive global cues; rupee gains 135 paise

On the sectoral front, Nifty Metal outperformed other indices with a gain of 13 percent.

Closing Bell: Nifty ends April series above 9,850, Sensex gains 997 pts; Tata Motors up 19%

BUSINESS

Closing Bell: Nifty ends April series above 9,850, Sensex gains 997 pts; Tata Motors up 19%

Except pharma all other sectoral indices ended higher. BSE Midcap and Smallcap indices rose over 1 percent each.

Rupee ends higher at 75.67 per dollar

BUSINESS

Rupee ends higher at 75.67 per dollar

Markets are also finding some solace due to the chatter around easing of lockdown restrictions across various countries. This may pave the way for some more upside in the rupee towards 75.70 mark, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

Rupee ends marginally higher at 76.18 at per dollar

MARKETS

Rupee ends marginally higher at 76.18 at per dollar

Strong rebound in domestic equities and a decline in the dollar index has led to a corrective move in the USDINR pair at the beginning of the current week, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

Closing Bell: Nifty closes near 9,400, Sensex up 371 pts; IndusInd Bank jumps 17%

BUSINESS

Closing Bell: Nifty closes near 9,400, Sensex up 371 pts; IndusInd Bank jumps 17%

Among sectors pharma, metal, FMCG and energy ended lower, while buying seen in the bank and auto stocks.

Slideshow | ACC, NTPC, RIL among 10 stocks where brokerages see 6-86% upside

BUSINESS

Slideshow | ACC, NTPC, RIL among 10 stocks where brokerages see 6-86% upside

Here are 10 stocks where brokerages see 6-86 percent upside

Rupee ends higher at 76.24 per dollar

BUSINESS

Rupee ends higher at 76.24 per dollar

Once the said support of 77 mark is taken out, the domestic currency looks inclined to witness further depreciation towards the level of 77.50, says Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

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