BUSINESS
Gold Prices Today: Bullion to stay volatile ahead of US jobs data, find support at Rs 54,880-54,610
Prathamesh Mallya of Angel One expects gold prices to trade lower towards Rs 54,650 levels, a break of which could prompt the price to move lower to Rs 54,460 levels.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India on Friday in step with Wall Street ending in a loss over jobs data worries and all Asian markets trading in the red over macro concerns
BUSINESS
Motilal Oswal cuts M&M FY24 earnings by 8% but maintains buy rating
"We cut our FY24E EPS by 8 percent to factor in lower tractor and sports utility vehicle (SUV) volumes, and the adverse impact of losses from new businesses," Motilal Oswal said.
BUSINESS
Gold Prices Today: Yellow metal to remain under pressure as Fed remains hawkish
Gold is likely to face steep resistance at higher levels but silver is in a highly oversold zone and some short covering is possible at lower levels, Kumar Jain of Prithvi Finmart Commodity Research has said
BUSINESS
CLSA expects 31% upside in Bharti Airtel stock price driven by rising tariffs
CLSA believes that the recent tariff hikes, which came 14 months ahead of the general elections, can boost the average revenue per user (ARPU) by 3 percent.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a flat opening for the broader index in India on Thursday with traders taking measured steps perhaps in line with the cautious outlook around the world with the Wall Street wobbling and Asian markets trading marginally higher
BUSINESS
GAIL India rises as board to meet on March 13 to consider interim dividend
Morgan Stanley has an 'outperform' rating to GAIL, with a target price of Rs 124, a potential upside of 11 percent from the current price
BUSINESS
Gold Prices Today: Yellow metal may slide to Rs 54,510 on hawkish US Fed
Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver prices to remain volatile today ahead of the US ADP non-farm payroll data, with the metals expected to face steep resistance at higher levels
BUSINESS
Jefferies cuts target, lowers EPS outlook for Cipla; flags delay in FDA approvals
Cipla's largest Indian facilities including Goa and Indore are under the regulatory scanner, which could impact new launches in the medium term. It estimates the value of India business at Rs 680 per share.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India on Wednesday in line with a steep fall in the US markets and lower trading in Asian peers after Federal Reserve indicated steeper rate hikes to contain inflation
BUSINESS
PV sales may be hit by regulatory norms despite lower domestic HRC prices: Nomura
India's passenger vehicle retail sales were up 10 percent YoY in February 2023. Wholesale volumes were up 11 percent YoY. On the 2-wheeler front, retail sales were up around 14 percent YoY in February 2023. Nomura believes that demand may get impacted largely for small cars as regulatory requirements for real driving emission (RDE) and six airbags will increase the overall cost for passenger vehicles (PV) and projects industry growth of 6 percent YoY in FY24F, Nomura said.
BUSINESS
Gold Prices Today: Yellow metal likely to consolidate in broader range with positive bias
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities expects bullion prices to consolidate in broader range with positive bias, however selling pressure will likely to be seen at major resistance levels.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a positive opening for the broader index in India on Monday, continuing the bullish trend of the last trading session. Asian markets traded upbeat this morning on the back of positive cues from the West
BUSINESS
Rising rates to hit net interest income, el niño may hit loan kitty: Vivek Karve of M&M Financial
There is an upside risk to the interest rate table and we believe that rates will continue to rise for some more time before they start sliding. Yes, the cost of borrowing is higher, it may inch up even further sometime more before it stabilises, M&M Financial CFO said.
BUSINESS
Gold Prices Today: Yellow metal likely to face selling pressure around Rs 56,250
Gold can trade lower towards Rs 55,540, a break of which can prompt the price to slip further to Rs 55,400, Prathamesh Mallya of Angel One has said
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a gap-up opening for the broader index in India on Friday after multiple block deals in Adani Group companies, FIIs setting out on a buying binge, and a rally in US stocks and in peer Asian markets
BUSINESS
Nomura initiates coverage on L&T Tech with 'reduce' rating, cuts target price, expects 100 bps margin contraction
Nomura expects around 4 percent USD revenue CAGR over FY22-25F with a 100 bps margin contraction, leading to a 15.2 percent earnings per share (EPS) CAGR.
BUSINESS
Gold Prices Today: Yellow metal to trade lower amid volatility, support around Rs 55,580
Gold and silver to remain volatile today. The yellow metal has support at Rs 55,580-55,410, while resistance is at Rs 55,980, 56,150, says Rahul Kalantri of Mehta Equities
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India on Wednesday with the US market ending weak amid growing Fed worries over manufacturing data and Asian indices showing lukewarm trade
BUSINESS
CLSA upgrades M&M to 'buy' with 25% upside as SUV volume may surge 20% in FY24
CLSA anticipates tractor volumes to rise 13.6 percent YoY, driven by strong winter crop production and prices. Overall, CLSA's analysis suggests that M&M is poised for growth across multiple business segments, leading to their bullish outlook and upgraded rating.
BUSINESS
Federal Bank climb as global brokerages retain positive stance, see 33% upside
Global research and broking firm Citi has maintained its buy call on the stock with target at Rs 165 per share, an upside of 25 percent from current market price while Morgan Stanley has retained its overweight rating on the stock with target at Rs 175 per share, an upside of over 33 percent from current level.
BUSINESS
Gold Prices Today: Precious metal may edge up as US consumer confidence dips
Today's trend may remain on the upside in bullion, and buying is expected at support levels. Gold has support at Rs 55,500 and resistance at Rs 55,800. Silver has support at Rs 63,900 and resistance at Rs 64,500, said Nirpendra Yadav, Senior Research Analyst at Swastika Investmart
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India on Wednesday in sync with the Wall Street ending in the red and Asian markets trading lower
BUSINESS
Gold Prices Today: Yellow metal prices to stay range-bound amid volatility, support around Rs 55,240-54,980
Prathamesh Mallya of Angel One expects gold to trade lower towards Rs 55,250 levels, a break of which could prompt the price to move lower to Rs 55,080 levels.
