Sensex

“Investors are liable to take profits when markets are trading at record highs,” said AK Prabhakar, head of research at IDBI Capital in Mumbai, adding that focus will now shift to mid-cap companies trading at attractive valuations. Reliance Industries Ltd, India’s largest company by market value, reversed an early 1.8% gain to fall as much as 1.9%. The conglomerate reported another record quarterly profit on Friday despite weakness in its refining business, but did not give a timeframe for closing its deal with Saudi Aramco . … [Read more...] about Nifty, Sensex slip from record highs; refiners, IT weigh

MUMBAI: Market benchmarks sensex and Nifty on Thursday managed to close with gains but slipped from fresh life-time peaks hit during early trade as investors focussed on signing of US-China initial trade deal. During the session, the 30-share BSE index breached the 42,000 mark for the first time before settling 59.83 points, or 0.14 per cent, higher at 41,932.56. It hit a record intra-day high of 42,059.45. Likewise, the broader NSE Nifty scaled its lifetime (intra-day) high of 12,389.05. It ended 12.20 points, or 0.10 per cent, up at 12,355.50. Nestle India was the top gainer in the sensex pack -- rising 3.23 per cent -- followed by Kotak Bank, HUL, Bharti Airtel, RIL, TCS, PowerGrid and Titan. On the other hand, NTPC, Hero MotoCorp, Tata Steel, Tech Mahindra and Axis Bank finished in the red. According to traders, domestic market turned positive as global investors heaved a sigh of relief after the US and China on Wednesday signed the first phase of a trade deal, concluding more … [Read more...] about Sensex ends 60 points higher, retreats from 42,000 level

Tightening liquidity conditions in developed markets (DMs) have raised the spectre of EM outflows, contributing to a rout which has seen the Turkish lira and the Argentine peso fall over 40 per cent and the Indian rupee hit a record low by going past the 72-mark against the dollar. … [Read more...] about [email protected]: The ghost continues to haunt emerging markets

On the other hand, TCS was the top laggard, shedding over 1 %, after the country’s largest software exporter reported a flat December quarter net profit at ₹ 8,118 crore and also made it clear that it will not be able to notch a double-digit revenue growth in 2019-20. … [Read more...] about Market opens at record high; RIL, HDFC Bank top gainers

NEW DELHI: Equity benchmarks Sensex and Nifty were trading lower in Wednesday's session on account of selling in frontline bluechip counters. ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Kunal Bothra independent market expert KEC International is a 'Buy' call with a target price of Rs 342 and a stop loss of Rs 322. NALCO is a 'Buy' call with a target price of Rs 54 and a stop loss of Rs 44. Bajaj Auto is a 'Buy' call with a target price of Rs 3200 and a stop loss of Rs 3100. CK Narayan of Chart Advise Berger Paints is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 522. Manas Jaiswal of manasjaiswal.com Exide Industries is a 'Buy' call with a target price of Rs 200 and a stop loss of Rs 185. (Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position … [Read more...] about Top intraday trading ideas for afternoon trade on Wednesday, January 15, 2020