Breaking News

Category Archives: stock market

Feed Subscription

stock market

Print all In new window INDIAVIX surged 12% on account of geo-political tension

“It was indeed a bad start for the week, as the benchmark index (Nifty) plunged more than 100 points during the day after North Korea conducted its sixth and most powerful nuclear test on Sunday. Eventually, we saw some recovery during the latter half to conclude today’s session ted above 9900 mark.   On derivatives front, Nifty added some fresh shorts ... Read More »

Auto sales numbers analysis

Bajaj Auto reports recovery in 2W exports    Bajaj Auto’s August-17 total volumes grew by 3% to 3.35lakh units. Growth in the domestic volumes was flat at 0.2%. Within the domestic business, motorcycle volumes declined by 1.7% while CV volumes grew by 13.3%. In the exports however, company has seen 7.5% growth with 2W exports growing by 6.7% and CV ... Read More »

Dr. Reddy’s Laboratories, gets a favourable district court verdict for Suboxone

“The District Court of Delaware has ruled in favour of Dr Reddy’s Laboratories Ltd. against Reckitt Benckiser for the blockbuster drug Suboxone. Dr Reddy’s bought Suboxone Film’s abbreviated new drug application (ANDA) from Teva Pharmaceuticals for US$70mn in June ‘2016 with seven generic filers. The key patent expires in April 2024. Suboxone Film treats opioid addiction and has a brand size of ... Read More »

MSIL August-17 indicates faster recovery from GST blues

“Maruti Suzuki’s August-17 domestic PV volumes grew by 26.2% to 1.51 lakh units while total volumes including exports and LCVs, grew by 23.8% to 1.64 lakh units vs. our estimates of total volumes of 1.5lakh units. Growth in the volumes of mini and midsize vehicle segments was muted while compact segment volumes saw a jump of 62.4%, fastest in several ... Read More »

Bharti Airtel, Idea Cellular get ‘underperform’ rating from Credit Suisse

Credit Suisse, one of the top brokerage and consulting firms in the world, has maintained ‘underperform’ rating for both Bharti Airtel and Idea Cellular. It has also set a target price of Rs 330 per share for Airtel and Rs 74 per share for Idea Cellular. At the end of today’s market, Bharti Airtel was trading at Rs 427 whereas ... Read More »

Rollovers and Open interest in Nifty lowest for the calendar year 2017

“It was indeed a historical series for our market as the benchmark index registered a new life time high during initial part of August series. However, selling got attracted thereafter which lead market correcting towards 9700 mark; followed by range-bound move for the later part of the series.  August series had began with lowest open interest in calendar year 2017, ... Read More »

GDP growth trends lower in Q1 due to pre-GST jitters

“GDP growth for the first quarter ended June 2017 came in at 5.7%, while the GVA grew at 5.6%. Gross Value Added (GVA) represents GDP growth without the impact of indirect taxes and subsidies, giving a better picture of actual economic activity. GVA growth of 5.6% is sharply lower than estimates which pegged the Q1 growth closer to 6.5% and ... Read More »

Market lacking clear direction, keep focusing on individual stocks

“Markets surprised everyone for the second straight day as we saw a gap up opening immediately after taking a heavy knock on Tuesday due to geopolitical concerns. It has been a remarkable comeback from our benchmark indices as we saw complete negation of yesterday’s pessimism. Eventually, the Nifty managed to recover smartly to conclude tad below the 9900 mark. These ... Read More »

9840 – 9860 to act as immediate hurdle now

“Once again, the mounting geopolitical concerns spooked our markets as we witnessed a gap down opening with a cut of nearly three tenths of a percent. Subsequently, there was no respite as we saw markets tumbling throughout the remaining part of the day to eventually conclude tad below the 9800 mark.   Due to last couple of weeks’ price action, we saw ... Read More »

9948 – 9850 would be the immediate range

“Trading for the week began on a positive note on hopes of cooling down some tensions in Doklam. Subsequently, we saw range bound trade with a positive bias throughout the remaining part of the day. Eventually, the Nifty managed to reclaim the 9900 mark on a closing basis.   Clearly, the interest in trader’s community has shifted back to the ... Read More »

Scroll To Top