BUSINESS
M&M stock in focus: Global brokerage sees attractive valuations, expects 30% upside after profit surge
Morgan Stanley is of the view that Q3 performance was in line with estimates adding that slowdown in tractor volumes is likely priced in. "Auto business looks set for a sharp rebound in FY23. Valuations are attractive at current levels," it said
BUSINESS
Gold Prices Today: Yellow metal may head lower amid hawkish Fed remark, soaring inflation, stronger dollar
According to Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart, gold has resistance at Rs 49000 and above this level it may move towards Rs 49450 levels. It has immediate support at Rs 48500. Silver has resistance at Rs 63700 and support at Rs 62400.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 182 points
MARKETS
Rate-sensitive stocks in focus as RBI keeps key interest rates unchanged; banks, realty rise, auto under pressure
"We have made effort to limit disruption to economic activity. While CPI edged higher, it is along expected lines. Core inflation remains elevated and headline inflation is expected to peak in Q4FY22, and turn moderate in H2GY23. Continued policy support is warranted for durable, broad-based recovery," the Central Bank Governor said.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 31 points.
BUSINESS
Gold Prices Today: Yellow metal to show positive momentum amid macro concerns despite rise in bond yields; support at Rs 48,300-48,100
Gold may remain in a range near $1800/oz amid mixed factors, but increasing monetary tightening expectations may limit upside, said Ravindra Rao of Kotak Securities.
BUSINESS
Vedanta stock in focus after dismissing plans to rejig corporate structure, thumbs-up from brokerages
JP Morgan is of the view that the company announced multiple positive steps which makes a case for re-rating.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 59 points
BUSINESS
Gold Prices Today: Investors can buy on dips, support lies around Rs 48,050-47,900
Gold is trading above 200-EMA on the hourly chart and prices have sustained above the resistance of Rs 48100 which indicates further buying momentum in prices, said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a cautious opening for the broader index in India with a gain of 16 points.
BUSINESS
D-Street Buzz: Nifty PSU Bank outperforms as SBI hits new high; Bank of Baroda, Union Bank jump 5-7% each
Credit Suisse has an 'overweight' call on SBI, with the target price raised to Rs 640 and JP Morgan, too, has an 'overweight' rating but the target is at Rs 650
BUSINESS
Gold Prices Today: Inflation worries to support yellow metal despite higher yield prices
Manoj Kumar Jain of Prithvi Finmart Commodity Research suggests buying gold on dips around Rs 47700 with a stop loss of Rs 47480 on a closing basis at a target of Rs 48100.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a negative opening for the broader index in India with a loss of 34 points.
BUSINESS
Gold Prices Today: Yellow metal to remain volatile ahead of US jobs data, high inflation to lend support
We suggest buying gold on dips around Rs 47750 with a stop loss of Rs 47550 (on a closing basis) for target of Rs 48100 and silver around Rs 60300 with a stop loss of Rs 59800 (on a closing basis ) for target of Rs 61700, said Manoj Kumar Jain of Prithvi Finmart Commodity Research.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 46 points
BUSINESS
Auto stocks rally despite mixed sales growth in January; TVS Motor, Bajaj Auto top gainers
According to a report by Kotak Securities, auto sales continued to remain under pressure in January 2022. Wholesale volumes for passenger vehicle, 2-wheeler and tractor segments declined on a YoY basis, while CV segment continued its gradual recovery during the month. Consumer sentiment in the domestic PV segment remained strong and we expect a swift recovery once the chip shortage situation gets resolved.
BUSINESS
Gold Prices Today: Yellow metal to remain volatile amid global concerns, support at Rs 47,800
Manoj Kumar Jain of Prithvi Finmart Commodity Research expects both precious metals to remain volatile in today’s session ahead of the Bank of England and ECB policy meetings
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a cautious opening for the broader index in India with a loss of 18 points
BUSINESS
D-Street Buzz: Led by Bajaj twins and IndusInd Bank, financial stocks outperform; Canara Bank hits 52-week high
Banking stocks were under pressure on February 1 with the Budget remaining silent on public sector banks. The trend, however, reversed today, as the banking index outperformed other sectors
BUSINESS
Gold Prices Today: Global inflation to lend support, prices to stay volatile ahead of US ADP non-farm job data
"At MCX, gold has support at Rs 47770-47550 and resistance at Rs 48100-48280 while silver has support at Rs 61000-60660 and resistance at Rs 61800-62220. We suggest buying silver around Rs 61100 with a stop loss of Rs 60600 for target of Rs 62200," said Manoj Kumar Jain of Prithvi Finmart Commodity Research.
BUSINESS
Top 10 things to know before the market opens today
Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 116 points.
BUSINESS
Gold Prices on Budget Day 2022: Fed's hawkish stance may cap upside gains; volatility on cards
Finance Minister Nirmala Sitaraman will present the Budget in Parliament and any tweak in the import duty could keep both the precious metals volatile. On the other hand, profit-taking in the dollar index could support prices in the international markets, said Manoj Kumar Jain, Prithvi Finmart Commodity Research
BUSINESS
Union Budget 2022: Top 10 things to know before the market opens today
Budget 2022: Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 169 points
BUSINESS
Gold Prices Today: Hawkish Fed outlook to keep yellow metal under pressure, global concerns to lend support
"Technically, on daily charts gold is in a bearish state but further weakness is only expected below $1777 and, on the contrary, if prices sustain above $1803 then we may witness bulls coming back in the picture," said Vidit Garg, director at MyGoldKart.
