CK Narayan expects it to be a buy-on-dips market for traders with not too much room on the upside.
The S&P BSE Sensex ended 0.63% higher at 60,663.79, while the NSE Nifty 50 gained 0.85% to close at 17,871.70.
In the next 12 months India could see 10-12% of absolute upside and 5-10% downside, says Vinay Jaising of JM Financials
Macquarie raised its target price on the stock from Rs 450 to Rs 800, implying a potential upside of over 36%.
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One of many things to break in last year’s market rout was a decade-long stretch in which gains in stocks overwhelmed gains in wages.
This year’s surge in technology stocks has been especially pronounced in the riskiest corners of the market, suggesting to some skeptics the potential for a swift reversal.
Foreign portfolio investors offloaded equities worth Rs 736.8 crore, according to data from NSE.
The Indian rupee strengthened against the greenback and closed at 82.49 on Wednesday.
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Shares of Thermax advanced in trade on Wednesday after the third-quarter earnings met analyst expectations.
Moody's says bank exposure to Adani not large to affect credit quality
Among EMs, relative valuations are more favourable towards China, Korea or Taiwan than they are to India, Holland said.
The Hong Kong-based strategist said one risk the market hasn’t priced in yet is US interest rates at 6%.
The meltdown in the Adani Group shares since Hindenburg Research’s short-selling report is spurring a flurry of bets through option markets that can give traders some clues about what may come next.
Tata Steel reported a consolidated net loss in Q3 on higher material costs and a deferred tax expense.
EV-as-a-service platform Zypp Electric raises USD 25 mn
Shares in the football club jumped as much as 16% on Wednesday, their biggest gain since late November.
A rally in Microsoft shares has the software giant’s market value set to close above $2 trillion for the first time in six months.
Alphabet declined 9% to $98.40 at 11:26 a.m. New York time, on track for the biggest drop since Oct. 26.
Lendingkart acquires Upwards for Rs 100 cr
Two government ministries worked together to block a handful of digital lending applications.
Sebi amends rules governing mode of payment by market intermediaries
Airtel teams up with Vultr to deliver cloud solutions to enterprises
BP-Reliance's giant deep-water project offshore nears completion