Another issue Bernstein highlighted was the nature of India's large-cap companies, which it believes represents a 'bygone economic era'.
Market investors would track any implications arising from US President Donald Trump signing the Sanctioning Russia and Iran Act, with crude oil and geopolitical developments remaining the key driving trends for equities this week, analysts said. Besides, trading activity of foreign investors and trends in global markets would also be tracked, they added. "Indian equities enter the coming week with crude oil, global bond yields and geopolitical developments likely to remain the main drivers of sentiment. A new source of uncertainty for Indian markets is emerging on the trade front. "US President Donald Trump has signed into law legislation giving his administration expanded powers to impose tariffs of up to 100 per cent on imports from major buyers of Russian oil and gas, with India among the countries potentially exposed given its significant purchases of Russian crude," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. US President Donald Trump signed t
Goldman Sachs argues that if you look beyond the index, there are at least 42 AI enablers that have rallied 60 per cent.
Veegaland Developers share price: Ahead of the stock market debut, Veegaland Developers' IPO GMP was ₹8 or 5.71 per cent.
Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore.
In line with expectations, the Fed raised rates by 25 bps, with policy signalling that this cycle will continue.
Manipal Payment's share price listed at ₹330 on the NSE, down 2.6 per cent, and at ₹332 on the BSE, a discount of 2.06 per cent.
Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting
Glass Wall Systems IPO GMP was 21 per cent ahead of the debut, while the stock debuted at just 7 per cent upside over the offer price.
Pranav Constructions IPO GMP: Shares of Pranav Constructions were trading at ₹169 in the unofficial market ahead of stock market debut.
The US Fed interest rate decision, domestic inflation data, crude oil prices and development in West Asia would be the major drivers for stock market movement in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Monday for Ganesh Chaturthi. "Globally, developments in the US-Iran conflict and movement in Brent crude will remain critical market drivers. This week will be dominated by the US Federal Reserve's monetary policy decision and commentary on the future path of interest rates," Ajit Mishra, SVP of Research at Religare Broking, said. On the domestic front, August WPI and CPI inflation data, followed by unemployment and balance of trade data, will remain in focus, he said. "The immediate focus will be on US inflation and the Federal Reserve's policy decision. The September 11 inflation report showed headline CPI rising 0.4 per cent month-on-month and holding at 3.4 per cent annually, while core inflation increased 0.3 per cent from the previou
Analysts attribute some selling in BSE shares seen today to NSE's IPO. They said as NSE edges closer to market debut, BSE would not remain the only listed player.
Analyst advised against fresh entry right now, as Enviro Infra Engineers is facing immediate resistance near the ₹215- ₹220 zone following a sharp mo
Graphite India shares: Today's rise pushed Graphite India shares to a fresh 52-week high of ₹820.85. However, they trade below its all-time high of ₹1,126.40, scaled on August 14, 2018.
LCC Projects IPO: LCC's profitability metrics, decent valuations and improving debt profile propel analysts to assign a 'subscribe for long-term' rating to the IPO.
Symphony share price opened at ₹585.05 as against the last closing price of ₹574.60 and soon rallied to the day's high of ₹652.25, resulting in a 13.51 per cent upside.
According to a Bloomberg report, copper prices rose for a fourth day on the London Metal Exchange (LME), touching an all-time peak of $14,617 a ton. The industrial metal is up 17 per cent this year.
Experts say the divergence suggests foreign rotated towards domestic consumption and financial themes while trimming exposure to commodity-linked and defensive sectors
The gains in Morepen Labs come on the back of a positive business development announced by the company today involving the first phase of its manufacturing capacity expansion program.
Anand James, Chief Market Strategist at Geojit Investments says incorporating the CAS market action into the final analysis makes chart reading more interesting and nuanced.