The technical analyst from Anand Rathi is also bullish on SBI Cards and Jubilant Ingrevia
The strong grip of market bulls has forced analysts to raise their targets on the Sensex and Nifty
The Bank Nifty index gained 2.22 per cent ahead of a press briefing by the finance minister
Offer received bids for 61.5 mn shares worth Rs 713 cr, most coming at an indicative price of Rs 116.12. A total of 96.7 million (10% stake) shares worth Rs 1,122 cr have been put on the block
As the growth rate picks up, the challenges of non-performing assets (NPAs) start subsiding. Private Banks are well-placed to deliver good performance
Peak margin norms, proposal to shift to a T+1 settlement cycle have been criticised by brokers, foreign portfolio investors.
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
Vijay Deshwal, Group Chief Executive Officer, will continue to run the company's operations; firm appoints new Chief Risk Officer
The timing of the Auto PLI scheme has to be seen in the context of investment leaving China due to regulatory crackdown, say analysts
Despite today's sharpest rally, the stock has under-performed the market gaining 28 per cent, as against a 50 per cent surge in the S&P BSE Sensex.
BSE on Thursday saw the market valuation of all its listed companies soaring to $3.54 trillion, with its CEO Ashish Chauhan saying it could perhaps be the fifth highest in the world
IndusInd Bank was the biggest gainer in the BSE 30-share frontline companies pack on Thursday, gaining 7.34 per cent
The government's up to 10 per cent stake sale in Hindustan Copper got off to a good start on Thursday with institutional investors putting in bids of over Rs 700 crore.
Markets regulator Sebi is planning to carve out a separate category in Alternative Investment Funds (AIF) whereby such entities can purchase distressed loans from banks and NBFCs.
The stock of the day turned out to be the Kolkata-headquartered ITC as its shares ended 6.6 per cent higher. It was also among the top Sensex contributors
RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished
The short-to-medium term outlook for the stock will stay highly bullish, as long as ITC defends its 200-DMA, indicates daily chart
A media report said the FM is expected to make announcements about a proposal to set up a bad bank
Ami Organics rallied 20% to Rs 1,345.70 in the intra-day trade today
So far, the stock had been an under-performer having gained mere 4 per cent in the last six months compared to a 17 per cent rally in the S&P BSE Sensex.