Meanwhile, the highest put open interest was concentrated at the 24,300 and 24,200 strikes, indicating some sort of writing during Friday’s session.
Posts in category Economic Times
Monday Mayhem! Investors lose over Rs 3.5 lakh crore within 15 mins as Sensex, Nifty in freefall (04-11-2024)
Indian benchmark indices see a drop with Sensex losing 758 points and Nifty50 down by 242 points. Sectors like banking, financial services, IT, and oil & gas are affected. Key laggards include Reliance, Infosys, and ICICI Bank.
Bullish Momentum: 4 stocks with White Marubozu Pattern on Nov 1 (04-11-2024)
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session
Donald Trump vs Kamala Harris: What US elections mean for Indian stock market (04-11-2024)
As the US presidential election remains too close to call, markets appear to be anticipating a Donald Trump victory and a Republican sweep on November 5. Market insiders suggest that a Kamala Harris win would be neutral for the economy, while Trump’s victory could positively impact India through domestic demand, lower commodity prices, supply chain shifts, and foreign policy changes.
Buy Dabur India, target price Rs 700: Motilal Oswal Financial Services (04-11-2024)
Motilal Oswal Financial Services has issued a buy call for Dabur India, setting a target price of Rs 700. Currently priced at Rs 541, Dabur has a strong presence in the FMCG sector. The company reported a net profit of Rs 417.28 crore for the recent quarter. The brokerage highlights Dabur’s broad distribution reach and potential for stock re-rating.
Hot stocks: Brokerage view on M&M, Nykaa and Sun Pharma (04-11-2024)
JPMorgan reports that Sun Pharma plans to appeal a judgment and may seek a settlement with Incyte to expedite its product launch. In a worst-case scenario, the launch could occur post-expiry in December 2026. The firm assigns an NPV of $546 million for Leqselvi, projecting 20% CAGR growth for the specialty business driven by existing products.
Nifty unlikely to deliver double-digit returns in Samvat 2081: Ambit’s Nitin Bhasin and Bharat Arora (04-11-2024)
In the Q2FY25 reporting season so far, NSE500 aggregate PAT growth (YoY, %) stands at ~6%, driven by IT (~11%) and BFSI (~10%). Profit growth of NSE500 ex-BFSI and IT has turned negative at -0.6%, dragged by Cement & Building Materials and O&G.
Niva Bupa IPO to open for subscription on November 7, price band fixed at Rs 70-74 per share (04-11-2024)
Niva Bupa Health Insurance Company is set to launch its Rs 2,200 crore initial public offering (IPO) on November 7, with a price band of Rs 70-74 per share. The anchor book opens on November 6, and the public offer will close on November 11. Allotment results will be available on November 12, with shares credited to investors’ demat accounts by November 13.
Apollo Hospitals shares in focus after Rs 1,625 crore expansion announcement in Mumbai and Lucknow (04-11-2024)
Apollo Hospitals Enterprise shares are set to be in the spotlight on Monday following the company’s announcement of significant expansion plans involving an investment of Rs 1,625 crore over the next four years in Worli, Mumbai, and Lucknow.