Indian stocks remained under selling pressure for the second consecutive week and lost nearly 4 percent amid high volatility. Weak global markets, continued FIIs selling, soaring inflation, rising bond yields and expectations of further monetary tightening by the global Central Banks remained big concerns for investors. For the week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. In the month of May so far, Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices ended in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. “Monday’s session started on a nervous note as global sentiments remained nervous … [Read more...] about More than 250 smallcaps witness double digit fall as market tanks nearly 4%
Rs electrical fish tanks
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on NCC NCC is one of the leading construction companies in India with a presence across varied verticals of infrastructure space such as buildings, roads, water, mining and electrical. Standalone order book is robust at Rs 36,303 crore. Well-diversified order backlog, robust execution capabilities, and strong focus on debt reduction and working capital to characterise NCC over next few years. Outlook Sharp debt reduction has been key positive. However, margins may be see volatility in FY23. We, thus, assign HOLD vs BUY rating, earlier. We value NCC at Rs 70/share (at (9x FY24 P/E). Close For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking … [Read more...] about Hold NCC; target of Rs 70: ICICI Direct
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Greaves Cotton Greaves Cotton (Greaves) is a leading diversified engineering company with a presence in automotive, non-automotive, aftermarket, retail, electric mobility solution and finance. New business share increased to ~49% while engine reduced to ~48% in FY17-22 • E-mobility is expected to drive future growth (~38% of FY22 revenue). Outlook We remain long term positive and change our rating on the stock from HOLD to BUY. We value Greaves at Rs 180 on SoTP basis. Close For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. … [Read more...] about Buy Greaves Cotton; target of Rs 180: ICICI Direct
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market extended losses for the third consecutive session and closed at a fresh two-month low on May 10, following weak trend in Asian counterparts. The BSE Sensex fell more than 100 points to 54,365, and the Nifty50 corrected over 60 points to 16,240, the lowest closing level since March 8. The major loser in Tuesday's trade was Nifty Metal that plunged 5 percent, while the IT index was the second biggest loser, down 1 percent dragged by weakness in global tech stocks. The broader space was heavily under selling pressure with the Nifty Midcap 100 and Smallcap 100 indices declining around 2 percent each. More than four shares declined for every share rising on the NSE. The volatility also remained on the higher side, holding above the crucial 22 levels, indicating volatile swings in the … [Read more...] about Trade Spotlight | What should you do with GNFC, PVR, Eicher Motors today?
This photograph taken on May 13, 2022, shows a damaged tank on a road near the Vilkhivka village east of Kharkiv, amid Russian invasion of Ukraine. (Photo by SERGEY BOBOK / AFP) KYIV, Ukraine — Intense fighting raged in eastern Ukraine’s Donbas region where Russia has been concentrating its forces without making significant progress, while “very difficult negotiations” were under way over the fate of the last besieged defenders in the city of Mariupol. Europe on Friday pledged another half a billion dollars in military support for Ukraine as it resists the Russian invasion that began on February 24, while Sweden and Finland’s moves towards joining NATO hit multiple obstacles. At the end of March, after failing to take the capital Kyiv in the face of determined resistance, Russia turned its focus to eastern Ukraine. Ukrainian forces repulsed Russian attempts to cross a river and encircle the city of Severodonetsk, said Serhiy Gaidai, governor of the eastern Luhansk region. … [Read more...] about Intense fighting in east Ukraine as Europe pledges more military aid
The US president and Asean leaders attend the special summit at the State Department in Washington on Friday. (Reuters photo) WASHINGTON: US President Joe Biden said on Friday a first summit in Washington with leaders from the Association of Southeast Asian Nations (Asean) marked the launch of a "new era" in the relationship between the United States and the 10-nation bloc. Addressing Asean leaders on the second day of a two-day meeting, Biden said "a great deal of history of our world in the next 50 years is going to be written in the Asean countries, and our relationship with you is the future, in the coming years and decades." He said the first summit in Washington with Asean marked the launch of a "new era" in the relationship between the United States and the 10-nation bloc. Biden announced he would nominate Yohannes Abraham to be US ambassador to Asean and said the United States would continue to elevate its "critical" partnership with the region. The summit marked the … [Read more...] about Biden hails ‘new era’ of US-Asean ties at first summit in Washington
The downward trend continued on Dalal Street for the fourth consecutive session on May 11. More than 260 stocks on the BSE hit 52-week low and the number of stocks at lower circuit were significantly higher than the stocks that hit upper circuit. Endless Ukraine-Russia war igniting inflation concerns and growth worries, faster policy tightening approach adopted by several central banks, including Federal Reserve, the beginning of rate hike cycle in India, consistent FII selling, rupee depreciation, and inflation concerns visible in corporate earnings are some of the reasons for the nervousness among the investors. The BSE Sensex fell below 54,000-mark in the morning but later pared losses to trade 276 points lower at 54,088. Meanwhile, the Nifty50 briefly traded below the psychological 16,000-mark but recouped some of losses to trade at 16,167, down 73 points. The benchmark indices have now fallen more than 10 percent each from the closing high of April 4. Meanwhile, the BSE … [Read more...] about More than 260 stocks hit 52-week low, 450 stocks hit lower circuit today