PSU stocks may be re-rated on divestment hopes but face a bumpy ride

PSU stocks may be re-rated on divestment hopes but face a bumpy ride

[ad_1] Public sector companies may see a re-rating of their stocks on hopes that the government’s divestment plans will gather steam following the successful sale of Air India to Tata group. Such processes may, however, not be smooth as any privatization of government-owned assets typically take longer periods. The government announced the first privatization after […]

Nifty forms a bearish candle on daily chart. What does it signal for tomorrow’s trade? – The Economic Times

Nifty forms a bearish candle on daily chart. What does it signal for tomorrow’s trade? – The Economic Times

[ad_1] Domestic stocks opened higher on Wednesday but soon slipped into the red as traders lacked conviction following a steep fag-end selling seen in second-rung stocks in the previous session. Technical charts were suggesting overbought levels; cues from other Asian peers were also muted, despite a firm closing for US stocks overnight. At 9.30 am, […]

Stock Market Highlights: Sensex ends 50 points lower, Nifty slips below 18,450 as market halts 7-day winning run; HUL falls 4%

Stock Market Highlights: Sensex ends 50 points lower, Nifty slips below 18,450 as market halts 7-day winning run; HUL falls 4%

[ad_1] Metal sector would outperform in the coming months, says Indiacharts.com’s Srivastava A very good move in the leaders like National Aluminium Company, Hindalco Industries, Vedanta, is because the aluminium prices were hitting 52 week highs all of last month, said Rohit Srivastava, Founder and Strategist of Indiacharts.com. The good news, though in the last few days is […]

Safely on road to recovery, India retains emerging markets rank

Safely on road to recovery, India retains emerging markets rank

[ad_1] The ferocious second covid-19 wave had pushed India down to the third rank in May and June, but it has seen a rapid revival in economic activity since then with infections largely under control. This has pushed the country ahead of Southeast Asian peers struggling with Delta variant outbreaks. Indonesia and Malaysia have started […]

Markets at new highs, investors turn focus on Q2 earnings

Markets at new highs, investors turn focus on Q2 earnings

[ad_1] Indian markets kick-started the week on a strong note as benchmark indices hit another fresh record high on Monday. Investor sentiment around Indian equities remained high even as world’s second largest economy reported below anticipated gross domestic product (GDP) for September quarter while elevated oil prices still stoke inflation fears. The BSE Sensex was […]