Domestic markets might be in no mood to slow down, despite reaching consistent record highs in recent months, as the benchmark Nifty is poised for a multi-quarter consolidation breakout, according to ICICI Direct. A note from the brokerage predicts that this breakout will lead to a significant rally over the next 6-7 quarters. Positive global…
The week that went by saw the markets once again marking a new lifetime high; in fact, the benchmark indices went on to close at a fresh high. The past five sessions largely saw the markets trending higher; and despite some consolidation on the last trading session of the week, the Nifty has closed at…
Shares of InterGlobe Aviation Ltd. traded 1.72 per cent up at Rs 4982.4 at 11:20AM (IST) on Thursday, even as BSE benchmark Sensex gained 273.38 points to 81796.54. The stock had closed at Rs 4897.8 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4987.5 and Rs 2334.95, respectively….
After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. ETMarkets.com The week that went by saw some early signs of the Nifty entering into broad corrective consolidation while ending near its low point of the trading range. Given the…
ICICI Securities has buy call on Solar Industries India with a target price of Rs 13250. The current market price of Solar Industries India is Rs 11121.8. Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 99905.09 Crore) operating in Chemicals sector. Solar Industries…
Shares of ICICI Lombard General Insurance Company Ltd. rose 2.09 per cent to Rs 2187.3 in Monday’s trade. It hit an intraday high of Rs 2190.0 and low of Rs 2146.7, respectively, during the day. The stock quoted a 52-week high price of Rs 2198.95 and low of Rs 1266.0. As of 10:00AM (IST), the…
Foreign Portfolio Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after…
The past sessions for the markets stayed quite trending; the headline index continued with its upmove. While extending their gains, the Nifty 50 Index ended the week on a very strong note. Witnessing a strong momentum on the upside, the markets expanded their trading range as well. The Nifty traded in a range of 393.65…
Domestic indices scaled another new highs amid intra-day volatility. Markets continued its winning streak for the 11th consecutive day and analysts expect this gradual uptick to continue. Here’s breaking down the pre-market actions: STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 16 points,…
After flirting with the previous high for the last two days, Nifty finally made a fresh high of 25129 on Wednesday before closing with gains of 35 points at 25052 levels. “We expect the gradual uptick in the market to continue, supported by FII inflows and healthy domestic macros. Markets are likely to remain volatile…