The inclusion of consumer stocks comes at a time when valuations in the space have reached record levels
Since RBI has made KYC mandatory, many fraudsters use this as entry point
Hike in raw material costs adds to pressure
As a push to ensure that retail loans remain growth drivers for banks, RBI has incentivised credit to segments such as automobile, housing and MSMEs
The RBI kept policy rates steady for a second straight meeting, but left the option open for further easing
Latest rule change may, however, clear decks for Rs 9,500-cr offering
Bharti Airtel has joined the elite club of Rs 3-trillion market capitalization as shares of the telecom services provider hit a new high of Rs 550
All that happened in markets today.
Divis Lab hit a new high of Rs 2,080 after the company said it has commenced commercial operations effective from February 5, 2020 from a part of the DC-SEZ Unit in Telangana.
Indiabulls Housing Finance, Shriram Transport Finance, LIC Housing Finance, L&T Finance Holdings, RBL Bank and PNB Housing Finance were up in the range of 4 per cent to 9 per cent on the NSE
Bharti Airtel has joined the elite club of Rs 3-trillion market capitalization (market-cap) as shares of the telecom services provider hit a new high of Rs 550, up 3 per cent on the BSE on Thursday
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
Revenue from operation stood at Rs 651 crore, up 34 per cent YoY while EBITDA grew 73 per cent YoY to Rs 186 crore.
The stock was trading higher for the fourth straight day, thus gaining 14 per cent during the period, against a 4 per cent rise in the S&P BSE Sensex.
In a bearish market, or where the trend starts to turn negative, traders and investors need to be extra careful while executing a trade
Here's a look at the top stocks that may remain in focus today
Following the November print of 5.54%, RBI had sprung a surprise and opted to hold the repo rate at 5.15 per cent. It, however, continued with the accommodative stance as long as it was necessary.
With the chart looking promising, we suggest to buy Hindalco and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.
A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor