nifty outlook: Can Nifty bounce back after Budget? What 15-year historical data says
Equity benchmarks have been volatile a day after the Budget with both the indices opening in red on Thursday. However, Sensex and Nifty recouped most of their losses amid positive global cues. Sensex was up 162 points at 59,859, while Nifty was trading marginally lower at 17,625. Finance Minister Nirmala Sitharaman on Wednesday presented the…
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Going long on infra can cement winning portfolio
The budget initiatives toward capital expenditure to boost urban infrastructure, housing, and transport sectors are expected to give a fillip to capital goods, industrials, metals, and cement stocks. Analysts anticipate infrastructure-led companies to see the benefits of the budget proposals in the second half of the next financial year and drive the re-rating of these…
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Nirmala Sitharaman | Nifty: Budget 2023: Can a fine balancing act by Nirmala Sitharaman leave Nifty bears jobless?
NEW DELHI: With Finance Minister Nirmala Sitharaman expected to strike a fine balancing act between growth and fiscal consolidation in her Budget speech today, Dalal Street investors expect her to focus on capex besides boosting manufacturing and consumption in pre-election year. “We believe the market is already factoring in a balance between a pro-capex and…
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Tata q3 results: Hot Stocks: Brokerages on M&M, Tata Consumer; Axis Bank can rally 18-30% post Q3 results
Global brokerage houses such as CLSA maintained a Buy rating on M&M, while has a Buy call on Tata Consumer, and Morgan Stanley raised the target price for post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on M&M: Buy | Target Rs 1,592CLSA…
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nifty outlook: Nifty to recover towards 18400-500 level; F&O traders can short straddle: ICICIdirect
Strategy Positions:Sell 25 Jan 18050 Call at 93; Sell 25 Jan 18050 Put at 89; Target: 10; Stop loss: 280 (1 Lot Each) Rationale:The Nifty recovered marginally last week, and despite the weakness seen on Friday, it closed the week in the green. The resumption of FII flows into markets helped Nifty to outperform global…
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budget: L&T, PFC top 2 Budget picks which investors can track ahead of Feb 1: Kunal Shah
“Support is very strong at the 18000-17900 zone where put writers are active, while on the higher side, 18200-18300 is a strong resistance point where call writers are very active,” says Kunal Shah, Senior Technical & Derivative analyst at . In an interview with ETMarkets, Shah said: “Bulls have managed to hold the support of…
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reliance share price: RIL shares can rally up to 26%, green hydrogen biz valued at $8 bn: Jefferies
NEW DELHI: While valuing ‘ () green hydrogen business at $8 billion, global brokerage firm Jefferies sees the Mukesh Ambani stock going up by 26% to Rs 3,100. “We have valued RIL’s electrolyzer manufacturing business at a 20% discount to the European benchmark and added the cap value of its captive H2 consumption. We discount…
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High conviction buy! Varun Beverages can rally over 28%, says Jefferies
Describing shares as a high conviction buy, global brokerage Jefferies has a buy call on the stock with a target price of Rs 1540, which shows an upside potential of 28% from the current market price of Rs 1,200 apiece. Shares of Varun Beverages are nearly down 20% from their recent peak and trades at…
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best stocks to buy today: Money-making ideas! HUDCO among 10 stocks that can rally up to 58% – Promising Plays
best stocks to buy today: Money-making ideas! HUDCO among 10 stocks that can rally up to 58% – Promising Plays | The Economic Times 11 Jan 2023, 09:53 AM IST A host of brokerage firms have buy recommendations on a number of counters. They see a strong potential for value unlocking in these companies, with…
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Multibagger Tata stock can zoom 21% to fresh all-time high in 2023: CLSA
NEW DELHI: Following a strong double-digit growth across all its segments in the December quarter, shares of Tata Group company can rally to a fresh record high figure of Rs 3,000 in the next 12 months, according to global brokerage firm CLSA. The stock, which is also the top bet of the billionaire Jhunjhunwala family,…
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