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…
Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. It is the world’s largest aluminium company by revenues, and the world’s second largest Copper rods manufacturer (outside China), as stated by the Company. Read Full Article Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power…
Shares of Bajaj Electricals surged 10.5 per cent on Tuesday, reacting sharply to the company’s deal announcement to acquire trademarks and goodwill, including exclusive rights to the Morphy Richards brand, strengthening its position in the consumer appliances space. Notably, the acquisition spans key South Asian markets. Source link
Indian equity markets traded lower on Tuesday (March 17), with benchmark indices slipping amid weakness in IT stocks. Selling pressure in heavyweights weighed on sentiment, while investors remained cautious, tracking global cues and sectoral trends. The Indian benchmark indices staged a sharp rebound on Monday, March 16, breaking their three-day losing streak as the 30-share…
Top brokerages, including MOSL, Goldman Sachs, Citi, and BoFA, have revised their ratings and target prices for 2026, reflecting sector-specific growth trends. While some stocks show strong upside potential driven by demand and expansion, others face valuation concerns, offering a balanced view for portfolio positioning in current market conditions. Here are the top stocks to…
IPO next week list: The second mainboard offering next week will come from Coal Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India. The CMPDIL will launch its initial public offering (IPO) on Friday, March 20. No stock data available India’s primary market is set to be busy next week with…
