Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 switched between gains and losses in a volatile session on Friday before finishing the day higher.
Rahul Sharma of Equity99 expects 17,700 to act as crucial support for the Nifty, below which, the index might slide to 17,650-17,600 levels.
Dipan Mehta, Director at Elixir Equities, believes HDFC Life is the best in the insurance space, and Max Health could be the dark horse.
But there is no denying the fact that underlying momentum is a solid 20 percent-plus for the private sector insurance companies.
Dipan Mehta, Director at Elixir Equities, is positive on KPIT Tech.
So anything beyond 30 there has to be a very good reason for that stock to be at more than 30-40 and some of the stocks are very expensive,” he said.
But once again, the investing versus trading are two different disciplines and one can say that lockdown is coming and we all know but it will go away in a couple of weeks.
Tata Consumer, Asian Paints, Britannia, Nestle and TCS were also among the gainers.
India is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world’s No.3, IHS Markit said in a report on Friday.
Finance Minister Nirmala Sitharaman on Friday chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant.
One thing that is a bit circumspect is this entire demand uptick, even post the third wave, the third tsunami that we are facing on the COVID side is something that we really don’t know in terms of timing.
Morgan Stanley has kept an ‘overweight’ rating on HPCL with a target at Rs 391 per share.
Shares of Titan Company surged more than 3 percent intraday after the jewellery maker posted a strong business update and said that it witnessed robust demand across its consumer businesses.
This milestone is also a testament to the consistent efforts taken by BSE SME in creating awareness amongst SMEs about benefits of listing,” said Ajay Thakur, Head of BSE SME and Startups.
Edtech major upGrad on Friday said it has appointed Vikram Vyas as Vice President – Growth, International Sales for the Asia Pacific and EMEA regions.
Simon Powell, Global Head-Thematic Research, Jefferies, on Friday, said that among emerging markets , India looks like a great place to be in.
Existing investors Quona Capital and Ankur Capital also participated in the funding round, along with Better Capital, the company said in a statement on Friday.
The world’s biggest cryptocurrency has lost over 40% since hitting a record high of $69,000 in November and the volatility that has plagued it since its birth 13 years ago remains stubbornly present.
Tata Consultancy Services said it had been selected by the Ministry of External Affairs for the second phase of the Passport Seva program following the successful implementation of the first phase.
The lender’s total deposits rose 34 percent YoY to Rs 156 billion as of December 31, 2021, with retail deposits soaring 50 percent to Rs 83 billion.
Jyotivardhan Jaipuria, Founder and MD of Valentis Advisors, said in an interaction with CNBC-TV18 that the financial sector appears to be the space for this year.
We have been lightening our positions in IT rather than adding to the positions, and we’ve been shifting more to some more domestic-oriented names,” he added.
Varun Dubey of Ola Electric said in an exclusive interaction with CNBC-TV18 that there is a four-week gap between temporary and permanent registrations, and a vast majority of data is not reflected on VAHAN.
Scooters are either delivered or in the process of delivery, he said.
He, however, did not give a break-up of the number of scooters actually delivered so far.
They recommend stocks such as Asian Paints, Titan, Bajaj Auto and Affle from to traders to make the most of the market in the short term.