ICICIdirect.com has come out with its Weekly Recommendations report. According to the research firm, Nifty is likely to consolidate in range of 7800-8200.
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Nifty likely to consolidate in 7800-8200 range: ICICIdirect (31-08-2015)
Bharti Infra up 12%, Temasek sells 1.7 cr sh; CLSA bullish (31-08-2015)
The brokerage forecasts 15-24 percent CAGR over FY15-18. Bharti Infratel has been gaining tenancy market share and the pace of market-share gain has accelerated.
Rupee may head to 68-70/$ in short-term; sell Marico: Emkay (31-08-2015)
Global headwinds remain with the slowdown in China and the US Federal Reserve policy later this week, Dhananjay Sinha, head – institutional research, Emkay Global Financial Services says. So from a global as well as a fundamental point of view, it cannot be an unidirectional market
Sensex, Nifty consolidate; Lupin gains 3%, Bharti slips 2% (31-08-2015)
Lupin topped the buying list on Sensex, up 3 percent followed by Sun Pharma, Axis Bank, ONGC, Dr Reddy’s Labs, Cipla and GAIL with 1-2 percent upside. However, Infosys, Bharti Airtel, BHEL, Bajaj Auto and Tata Steel declined 1-2 percent.
Bullish on earnings growth; GDP won’t impact mood: IDFC Sec (31-08-2015)
Anish Damania, Head-Institutional Equities, IDFC Securities says the firm expects Nifty earnings growth rate to be 15 percent for the coming two quarters and will upgrade its Nifty targets from previous estimates of 27,000.
EMs to see choppiness in days to come: Richard Gibbs (31-08-2015)
In an interview to CNBC-TV18, Richard Gibbs of Plantagenet Investments shares his views on the global markets and how the upcoming days are likely to pan out.
Services to drive Q1 GDP, early to cut FY16 forecast:Nomura (31-08-2015)
Given the robust supply side data, Sonal Varma of Nomura says GVA (gross value added) will be what the economists would be focusing on today when GDP (gross domestic product) numbers are released.
Slow earnings revival scary: Analysts cut market target (31-08-2015)
The brokerage slashed 12-month forward Nifty index target to 9,642 from 10,219 earlier due to delay in earnings recovery, Singh adds.
Barclays cuts Nifty target to 9642 on slow earnings revival (31-08-2015)
delay in earnings recovery leads us to reduce 12-month forward Nifty index target to 9,642 from 10,219 earlier, Bhuvnesh Singh, Barclays said.
See 12-15% earnings growth ahead; like Tata Motors: Alchemy (31-08-2015)
A lot of the correction in the Indian market was because of external factors than domestic ones. Hiren Ved of Alchemy Capital Management says India will continue to remain vulnerable to such corrections unless substantial growth is seen.