Indian equity benchmark indices closed in the green territory today, March 17, extending gains from the previous session as investors increasingly hoped for the resumption of traffic through the Strait of Hormuz after prolonged closure. The 30-share BSE Sensex gained 567.99 points or 0.75 per cent to close at 76,070.84, while the NSE Nifty50 rose…
Turning to Paytm, Singh pointed out that the stock has already undergone a deep correction. “Paytm has corrected close to 40 per cent from its recent highs and is now consolidating,” he said. According to him, the stock is finding near‑term support around the 1,000 mark. “A bounce of about 8–10 per cent towards 1,080–1,100…
Despite the recent downturn in the consumer durable sector, which includes EMS-related stocks, the global investment bank believes that the long-term growth story for India’s EMS industry remains intact. This outlook is supported by government initiatives such as the Production Linked Incentive (PLI) scheme, improving supply chains, and rising domestic demand. Source link
The market regulator noted that mutual funds frequently encounter timing gaps between redemption payouts and the receipt of investment proceeds on settlement days. Typically, redemption payments to investors are processed in the morning of the T+1 settlement cycle, whereas funds from instruments such as TREPS and reverse repo transactions usually arrive later in the evening….
Pharma stocks including Ajanta Pharma, Sun Pharmaceutical Industries, and Lupin were buzzing in trade as investor focus sharpened ahead of Novo Nordisk A/S’s blockbuster weight‑loss drug semaglutide losing patent protection in India. The key patent for semaglutide, the active ingredient in Ozempic and Wegovy, which transformed the global weight‑loss and diabetes treatment landscape, is set…
Citi has lowered its December 2026 Nifty target to 27,000 from 28,500, paring it by about 5% as it factors in growing downside risks to earnings and the broader macro backdrop. The brokerage has also cut its one‑year forward valuation pointing to elevated oil prices, potential supply‑side disruptions across commodities, and the knock‑on effects on…
Market volatility temporary, investors should stay patient No stock data available Highlights Securities and Exchange Board of IndiaChairman Tuhin Kanta Pandeysays market volatility during geopolitical tensions is temporary. Fear gauge India VIXhas surged 124% in three months amid global uncertainty. Benchmark indices Nifty 50and BSE Sensexdeclined sharply as Iran–Israel tensions rattled markets. Amid heightened volatility…
The Nifty IT index fell 2.5 per cent on Tuesday, hitting an intraday low of 28,288, as investors turned cautious ahead of the US Federal Reserve’s March 17–18 FOMC meeting, where policymakers will assess the outlook on interest rate cuts. Sentiment in the IT space weakened amid concerns over global growth and tighter financial conditions,…
According to the brokerage, Varun Beverages is reportedly entering a crucial period of seasonal consumption during the summer season with substantial capacity addition already in place, which will allow it to serve the growing demand for beverages in an efficient manner. BofA noted that “the company’s cash flow profile has improved meaningfully, underpinned by disciplined…
Goldman Sachs has turned cautious on India’s consumer outlook, citing elevated crude prices and gas supply disruptions as growing headwinds for corporate earnings and economic growth. With Brent crude hovering about 40 per cent above the FY26 year‑to‑date average, the brokerage has revised its CY26 crude forecast to USD 77 per barrel and trimmed India’s…
