Category: Uncategorized

Target: ₹2,415 CMP: ₹1,878.50 We expect InterGlobe Aviation (Indigo) to register ₹300 crore/₹2,300 crore PBT (ex-forex impact) in Q4FY23/FY23. Profits are highly sensitive to yields which is the key upside/downside risk to our estimates. However, IndiGo remains well placed to benefit from strong systemic demand and its leading competitive positioning. IndiGo remains focused on growth […]

Nifty 50 April Futures (17,782) NSE Nifty and BSE Sensex have advanced in early trade on Tuesday. Both the indices are up about 0.7 per cent each. Nifty 50 rose above the key intermediate resistance level of 17,700.  It is currently trading at 17.740. If the benchmark sustains the current momentum, it can break the […]

BSE’s recent move to curtail incentives it paid to the market makers in the derivatives segment for the past many years has put Asia’s oldest exchange in a peculiar situation.  Data show that BSE’s derivatives trading volumes have declined nearly 90 per cent during the first three months of 2023 compared to what they were till November 2022 […]

For a second year in a row, the information technology sector bore the brunt of foreign investor sell-off in Indian equities. Foreign portfolio investors (FPIs) pulled out ₹51,138 crore of net investments from the technology sector, the highest among all sectors in the previous fiscal. In FY22, the software services sector was the second biggest […]

Eight of the top 10 valued firms added ₹82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for ‘Mahavir Jayanti’ and on Friday (April 7) on account of ‘Good Friday’. The 30-share […]

Previously in this column, we compared time decay between the near-week and the next-week Nifty options. Time decays faster for the near-week compared to the next-week options. In contrast, next-week options have higher time value than near-week, which means more potential gains from time decay for short positions. This week, we discuss why theta is […]

The CA Institute has come out with a technical guide on disclosure and reporting of key performance indicators (KPIs) in offer documents. The technical guide has been developed by the Auditing and Assurance Standards Board (AASB) of ICAI on the request of SEBI. The guide has been developed by AASB in consultation with SEBI, sources […]

Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth ₹118.27 crore belonging to Prasenjit Das, Shailesh Pandey, Tushar Patel, and their companies in the case of illegal forex trading by TP Global FX. The ED issued attachment orders Wednesday under the provisions of the Prevention of Money Laundering Act, 2002. Shares, mutual funds, […]

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of state-run ONGC and OIL, New Exploration Licensing Policy (NELP) blocks and pre-NELP blocks, where Production Sharing Contract (PSC) provides for government’s approval of prices. “The price of such natural gas shall […]

Domestic markets are likely to open flat, on Thursday, as all eyes are on RBI monetary meeting outcome. SGX Nifty at 17,600 indicates a flat-to-negative opening as Nifty futures closed at 17,622 on Wednesday. Sharad Chandra Shukla, Director at Mehta Equities Ltd, said, “Despite efforts, inflation is still out of control. Inflation in India is […]