Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.
Reseñas
States’ fiscal on a mend, should use good times to build a capex kitty
The central bank has suggested that states consider creating a capital expenditure buffer fund in good times and not treat capex as residual and the first stop for cutbacks.
Oil prices slip on global recession gloom
Reuters reported on Friday that at least four Chinese-owned supertankers were shipping Russian Urals crude to China and a fifth supertanker was shipping crude to India, with the oil available at a discount following the imposition of an oil price cap by the Group of Seven (G7) nations.
Big Movers on D-St: What should investors do with Federal Bank, Sula Vineyards and L&T Finance Holdings?
The volume behaviour is robust as volumes are higher on up days and lower on down days. The lagging span line has surpassed the cloud resistance with conversion and base line heading north hints at a positive momentum.
Adani Enterprises files papers for Rs 20,000 crore FPO
The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Continue Reading
Banks’ dollar buys, FPI sales weigh on rupee
However, the gains have been short-lived as the local unit has been impacted by outflows from foreign portfolio investors (FPIs) and persistent dollar buying by state-owned banks likely on behalf of the Reserve Bank of India (RBI) prevented the rupee from rising further.
States’ fiscal on a mend, should use good times to build a capex kitty
The central bank has suggested that states consider creating a capital expenditure buffer fund in good times and not treat capex as residual and the first stop for cutbacks.
Analysts expect upside of up to 20% in HDFC Bank on Q3 cheer
Of the 31 analysts tracking the stock, 30 have a ‘buy’ or ‘outperform’ rating while one has a ‘hold’ rating. On aggregate, these analysts expect the stock price to hit ₹1,904.6, which translates into a 20.1% upside potential from the current levels, showed a Bloomberg poll of analysts.
Jio’s Ebitda for FY24 may fall 7% short of previous projections: JP Morgan
The brokerage said Jio’s renewed focus on acquiring high ARPU (average revenue per user) customers over the past few quarters could mean that the telco will refrain from implementing a 4G tariff hike in 2023, leading to lower-than-expected Ebitda growth.
BoM Q3 Results: PAT jumps 140% YoY to Rs 775 crore on fall in provisions
Total income for the bank rose 23% at Rs 4770 crore against Rs 3893 crore in the year-ago quarter while net interest income rose nearly 30% at Rs 1,980 crore against Rs 1,527 crore. Provisions other than taxes fell 30% at Rs 582 crore against Rs 836 crore.