The S&P 500 opened lower by 0.45 points, or 0.01%, at 3,957.18, while the Nasdaq Composite gained 11.42 points, or 0.10%, to 10,995.20 at the opening bell

The hourly and daily upper Bollinger Bands expanded along with price action, which assisted the bulls today. Momentum oscillator RSI gave a falling trend line breakout.

As the macroeconomic environment is improving, the brokerage firms see upside risk to SBI’s earnings driven by higher margins due to the rising interest rate cycles, sustained healthy loan growth, and lower credit costs.

Out of the 38 analysts with a coverage on SBI, which reported its highest-ever quarterly profit after tax (PAT) of Rs 13,264.62 cr in Q2, at least 10 of them have upgraded their target prices in the last one month, Trendlyne data shows. The average targets signal an upside potential Continue Reading

One of the major factors resulting in the underperformance of this heavyweight stock has been the imposition of windfall gains tax on domestically produced crude oil and on fuel exports by the government in July.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, six stocks crossed their previous 5-year high value at the close on November 29, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

In the BSE list of stocks, four stocks with a market cap of over Rs 200 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.

HEG: Buy | Target Rs 1125 | Stop Loss Rs 1025. Price has moved up after a range-bound action. Price is in an attempt of an upside breakout.

The Piramal-Cosmea proposal involves Piramal offering to acquire only Reliance General Insurance Co, a wholly-owned subsidiary of Reliance Capital, for ₹3,750 crore and Cosmea making a ₹1,481-crore bid for Reliance Capital and its other units.