BUSINESS
Tata Motors gains 6% after JLR sales vroom, CLSA upgrades stock to 'buy'
CLSA expects JLR margin profile to improve led by volume growth and for commercial vehicles (CV) and passenger vehicles (PV) business margin to improve on lower commodity costs and price hikes.
BUSINESS
Gold Prices Today: Precious metal to remain volatile ahead of the Fed chairman's speech
Gold and silver will remain volatile ahead of the Fed chairman's speech, with support for the yellow metal at around Rs 55,660-55,440, says Manoj Kumar Jain of Prithvi Finmart Commodity Research
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market News: Trends in the SGX Nifty indicate a cautious opening for the broader index in India with a loss of 2 points on Tuesday in sync with flat trading at Wall Street and mixed cues from Asian peers
BUSINESS
IDBI Bank stock hits 52-week high, experts suggest to stay invested for further upside
The government and LIC together are looking to sell 60.72 percent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later extended to January 7.
BUSINESS
Sigachi Industries shares surge 30% in 3 days ahead of board meet on fund-raising
The board meeting will take place to consider the proposal of raising funds by way of issue of equity or convertible warrants on preferential basis to promoters and non-promoters, subject to the receipt of necessary approvals/ permissions, the company said.
BUSINESS
Gold Prices Today: Yellow metal to stay volatile, support at Rs 55,640-55,450
Gold has support at Rs 55,640-55,450, while resistance is at Rs 56,080, 56,450. Silver has support at Rs 69,050-68,580 and resistance at Rs 69,920–70,580, says Rahul Kalantri of Mehta Equities
BUSINESS
Bharti Airtel up after CLSA initiates coverage with 'buy', expects 30% upside
The global research firm has initiated buy call on the telecom stock and has raised target to Rs 1,040 per share, an upside of 30 percent from current market price,
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 with a gain of 161 points on Monday on the back of rally in the US and Asian markets and upbeat macro fundamentals
BUSINESS
Gold Prices Today: Precious metal to stay volatile as cautious investors eye US jobs data
Gold has support at Rs 55,050-54,800 and resistance at Rs 55,500-55,750, while silver has support at Rs 67,550-67,100 and resistance at Rs 68,660-69,200, said Manoj Kumar Jain of Prithvi Finmart Commodity Research
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 with a loss of 36 points in line with Wall Street ending in the red as fears of a looming recession increased and further tightening by the Fed seemed on the cards
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 with a gain of 47 points on Thursday on the back of supportive Fed decision and a spurt in global markets
BUSINESS
Gold Prices Today: Volatility to rule amid macro concerns, strong dollar, FOMC minutes
The dollar index jumped 1 percent that put pressure on precious metals. The market focus is now on the release on Wednesday of the minutes from the Fed's December 13-14 policy meeting as well as other economic data expected this week, said Rahul Kalantri, VP Commodities at Mehta Equities.
BUSINESS
IndusInd Bank in focus after CLSA upgrades stock to 'buy', raises target price with 21% upside
Net advances of the bank for the December quarter increased 19 percent YoY while deposits increased 14 percent from last year. On a sequential basis, advances and deposits grew 5 percent and 3 percent respectively. CASA ratio stood at 42 percent from 42.2 percent YoY.
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 with a loss of 66 points on Wednesday with the US markets ending in losses and Asian peers trading in the red
BUSINESS
UBS retains 'buy' tag on Reliance Industries with 27% upside, expects strong performance across segments
UBS expects RIL to return over 27 percent from current market price. It expects Reliance to report Q3 FY23 EBITDA of Rs 34,100 crore up 15 percent YoY and 9 percent QoQ, with sequential earnings expansion across energy and consumer businesses.
BUSINESS
Gold Prices Today: Yellow metal to edge higher amid global macro concerns
The bullion market prices may see extended gains. The 20 and 200-day simple moving averages (SMAs) have recently bullishly crossed each other, endorsing the positive trend in the short-term picture, said Rahul Kalantri, VP Commodities at 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 with a loss of 66 points on Tuesday on the back of factors like slump in most other Asian markets, fresh levy of windfall tax on fuel, and a generally tepid sentiment
BUSINESS
Nifty metal hits new high after Jefferies turns positive, upgrades Tata Steel, Hindalco
We find the landscape flipped now with China policies turning supportive and the big earnings cut for Tata Steel and Hindalco behind. We believe a sequential improvement in quarterly EBITDA trend for Tata Steel and Hindalco in 2023 will help drive stock performance, Jefferies said.
BUSINESS
Gold Prices Today: Yellow metal to remain volatile on strong US GDP data, support at Rs 53,850
Bullion is likely to fall due to profit booking ahead of the Christmas holidays. Gold has resistance at Rs 54,900 and support at Rs 54,500. Silver has resistance at Rs 69,700 and support at Rs 68,200, says Nirpendra Yadav of 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 with a loss of 99 points on Friday amid return of the Covid scare and poor show by overseas markets due to unfavourable macro factors
BUSINESS
Gold Prices Today: Yellow metal may edge higher as investors await US jobs data
Precious metals could continue to rise today. The level of Rs 54,800 serves as support for gold, while Rs 55200 serves as resistance. Support for silver is at Rs 69000, and resistance is at Rs 70200, said Nirpendra Yadav of 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 gap-up opening for the broader index in India with a gain of 110 points on Thursday with the Wall Street ending up and Asian markets trading in the green
BUSINESS
Gold Prices Today: Precious metals to remain volatile due to unstable US dollar
Rahul Kalantri, VP Commodities at Mehta Equities expects bullion prices to remain volatile in today’s session due to sharp currency movements.
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 with a gain of 66 points on Wednesday, supported by positive cues from the Wall Street and Asian markets
