Nine of top-10 firms add Rs 1.88 lakh cr in m-cap; ITC biggest gainer
The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore.The valuation of Hindustan Unilever went up by Rs 7,988.61 crore to Rs 6,21,678.35 crore and that of HDFC gained Rs 6,503.28 crore to Rs 4,92,313.07 crore.
Comex gold prices retreated from fresh high of USD 1,975 per ounce and closed lower by 1.94 per cent on Thursday as investors locked in profits after the precious metal scaled a nine-month peak on dovish remarks on the metal from Federal Reserve Chair Jerome Powell, the analyst said.
Dabur shares fall 4% after Q3 results. Should you buy, sell or hold the stock?
Domestic brokerage Motilal Oswal has a Buy call on Dabur with a target of Rs 650. "Overall sales growth trajectory has revived in recent years – a continuation of the turnaround seen by Dabur under the new CEO. Beyond the near-term, rural demand recovery, material cost stability and a less challenging base are likely to result in healthy earnings growth from FY24 onwards," Motilal said.
Titan shares climb over 5% post Q3 results. Should you buy, sell or hold?
Continuing its growth trajectory, the watches and wearables business recorded a total income of Rs 811 crore, up by 15% compared with last year's quarter. The business reported an EBIT of Rs 89 crore, with an EBIT margin of 11%.
Loan disbursements to come over a period of time and not upfront: Keki Mistry
We also increased the PLR or what we call the retail prime lending rate, which is applicable to individual loans. But the agreement that we have with individual customers up to very recently said that the interest rate resets once in three months.
The brokerage upgraded the stock to a REDUCE (Earlier SELL) with an unchanged DCF-based TP of Rs 2,150/share (implying 46x Dec-24 P/E) as the downside is now limited, post the recent 15%+ stock correction.
Sensex jumps 400 points, Nifty above 17,700 on gains in financial stocks
"The most significant trend in the market so far in 2023 is the big underperformance of India compared to other markets. The Adani crisis impact is slowly diminishing. The ferocious rally of 3.5% in Nasdaq yesterday is an indication that the market expects a soft landing of the U.S. economy. IT stocks look strong. High-quality private sector banking stocks and capital goods stocks also are on a strong wicket," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
In the overseas market, both gold and silver were traded in green at USD 1,956 per ounce and USD 24.15 per ounce, respectively.Comex gold prices traded their highest levels in more than nine months in Asian trading hours on Thursday after investors access dovish policy from US Federal reserve, the analyst said
Nifty charts hint at chances of pullback rally. What traders should do on Friday
Prices on the daily chart are continuously showing an effort to close above their 200-EMA placed at 17,550 levels. From the past five days, Nifty is hovering within the range of 17,900–17,400 levels. Any breakout or breakdown above or below the mentioned levels will trigger the next directional move in the benchmark index
Jubilant FoodWorks stock plunges 7% to hit 52-week low. What should investors do?
The company's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 290 crore, while margins declined 457 basis points to 22%. The performance during the quarter was mainly impacted due to high inflation.
Stocks to buy today: 4 short-term trading ideas by experts for 2 February 2023
Data suggests that from the past four trading sessions prices are taking support near 200 DMA, which is placed at 17,550 levels on the daily scale. For the bulls to regain control Nifty50 must reclaim 18,888 levels, suggest experts.
Union Budget 2023: Consolidation exercise from FM; top 10 takeaways
Recent macro numbers including Core Infra, GST collections, IIP, Inflation etc show that the economy is on the path to accelerated growth. The new savings scheme and enhanced limit of the Senior Citizen savings scheme affords more avenues for savers to invest their monies safely and productively.
HDFC Q3 Preview: Profit seen rising 15% YoY on strong loan growth, stable margin
The brokerage expects AUM growth of 16.4% (from 14.7% in FY22) to Rs 7.2 lakh crore. With more than 4.5% QoQ growth in individual AUM, it expects HDFC to register >20% YoY growth while non-individual loans will also see positive low-single digit growth YoY.
Nifty forms long-legged Doji candle on Budget day. What traders should do on Thursday expiry
The PCR ratio for the near week expiry stands at 0.54 and for the next week expiry at 0.68. The overall writing data suggests negative bias as Call writing is higher than Put writing. The immediate or temporary bounce back cannot be ruled out as PCR ratio drops near to 0.50 levels, said analysts
"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.
Banking, industrials gave standout earning numbers in this quarter: Digant Haria
I think banking and industrials or the capital goods space, really stand out in terms of numbers, right from, something like a South Indian Bank, which nobody talks about to something like an ICICI or HDFC everything gave good results.
Tech Mahindra cracks 4% after Q3 results. Should you buy, sell or hold?
In constant currency terms, sales grew 0.2% sequentially and were largely on expected lines. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 8% sequentially and 4% YoY to Rs 2,144 crore, the company said.
Budget is going to be all about infrastructure creation: Digant Haria
January has been a pretty bad month for India from the index standpoint and also from FIIs flows. The whole banking sector leadership which was there and driving the markets till December has taken a little bit of knock in Jan.
Sensex, Nifty fall in early trade; all eyes on Budget, Fed outcome
"The Budget tomorrow and the Fed decision on interest rates by evening tomorrow will have a big impact on markets. A positive, as we go into the Budget, is that instead of the usual pre-Budget rally on expectations, this time we had a market correction triggered by the Adani crisis," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Tech View: Nifty forms bullish candle on buying at lower levels. What traders should do on Tuesday
Fear gauge index India VIX moved up by 2.25% from 17.32 to 17.71 levels. Volatility spiked above 19 levels during the day and has been rising from the last four sessions, giving discomfort in the overall market sentiment.
Comex Gold prices corrected last week after price hit fresh swing high of USD 1,949.80 on back of profit taking by short-term future traders before this week FOMC meeting, however price managed to closed up by 0.10 per cent on weekly basis.
Bank Nifty will be back to its winning ways over next one week: Harendra Kumar
"Valuations are something that investors are looking at this given point of time and they are evaluating as we speak on where to probably go and invest. They are reaching attractive levels and long-term investors will probably take a relook at these given prices. Largecaps will tend to outperform over the next two quarters but it could be a good time to look at selective ideas but it is not going to be a raging bull market in smallcaps for next 2-3 months."
Facilitating growth will be the theme of Budget over next couple of years: Keki Mistry, HDFC
“One must understand that housing loans are for 13 years or 15 years and over that period of time, rates will go up and come down. It does not make too much economic difference whether you take a loan at the time when rates are higher or low because if they are high now they will come down, if they are low today they will go up at some point in time."