IT stocks risk further derating if…: HSBC lists key triggers
IT stocks have already seen a valuation reset and HSBC India’s Yogesh Agarwal says the next phase will hinge on these crucial factors.
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Stock Market Fall: India’s three largest lenders wipe out nearly ₹50,000 crore in market cap
None of the 45-50 analysts who have coverage on HDFC Bank, ICICI Bank or SBI, have a “sell” rating on the stock. HDFC Bank has lost over ₹25,000 crore in market cap today.
Polycab warns of mid-single digit near-term volume growth but medium-term outlook positive
Nirmal Bang cited an interaction with the management of Polycab, who highlighted that the demand for wires and cables remains strong across multiple end-user industries, supported by government infrastructure spending.
Financials remain strong despite volatility; defence a long-term play: Invasset
Anirudh Garg, Partner & Head of Research at Invasset, says financials remain one of the strongest sectors despite recent volatility, with PSU banks, newer private banks and NBFCs better placed due to healthier balance sheets. He believes crude price spikes…
Adani Total Gas shares hit 20% upper circuit; Co flags gas curbs due to West Asia war
Adani Total Gas Ltd faced supply cuts from gas suppliers due to West Asia tensions, impacting industrial customers. Shares rose 18.87% to ₹561.60.
Explained — How Bajaj Finance, Shriram Finance could be the most impacted if RBI changes this rule
While private sector banks in India have a cap of 15 years for EDs on the board, as well as an age cap of 70 years, along with the need to seek RBI approval for their compensation, NBFCs do not…
Colgate-Palmolive shares fall 7%, most in nine months — Here are some key concerns and triggers
ICICI Securities has the lowest price target of ₹1,800 per share on Colgate-Palmolive, implying a potential downside of 18%, while Nuvama has the highest price target of ₹2,740 per share, indicating an upside potential of 24.6%.
India GAIL buys Oman LNG cargo, sources say
GAIL has bought an Omani liquefied natural gas cargo to meet India’s demand, scheduled to arrive around March 15 on the vessel Orion Hugo. India imports half of its 195 mmscmd gas consumption.
Goldman Sachs sees Nifty at 29,300 in the next 12 months
Goldman Sachs Chief Global Strategist Peter Oppenheimer says strong earnings growth and a supportive domestic macro environment could support Indian markets although geopolitical tensions and rising oil prices may create short-term volatility. While high valuations globally might cause market corrections,…
Closing Bell: Sensex sheds over 1,300 pts as markets fall again; Nifty below 23,900
Closing Bell: Indian equities ended sharply lower with broad-based selling across sectors. The Sensex fell over 1,300 points while the Nifty slipped below 23,900, dragged by financial heavyweights and auto stocks.