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Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top GainersEquitymaster
Nifty IT Snaps Two-Day Winning Run; TCS, Infosys, Wipro Decline Despite Q1 Earnings Optimism
The IT index ended a two-day rally as TCS, Infosys and Wipro declined despite improving earnings expectations.
Sensex jumps 268 pts in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 267.61 points or 0.27% to 78,049.47. The Nifty 50 index rose 83.30 points or 0.34% to 24,352.15.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July
Indian benchmark indices, Sensex and Nifty 50, opened higher on July 6, driven by gains in private banking stocks following strong quarterly updates from HDFC Bank and Axis Bank. Market breadth was positive with 14 of the 16 major indices in the green.
TCS, Infosys, Tech Mahindra And More Stocks In Focus As Systematix Reinitiates Coverage Ahead Of Q1 Results
With a 31% correction in the Nifty IT index over the past year, valuation multiples have compressed to historically low levels, adds Systematix.
ICICI Bank Share Price Live Updates: ICICI Bank's Trading Volume Insights
Stock Market News Today LIVE Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Brent Crude Falls Below $72
The GIFT Nifty, an early indicator of Nifty 50's performance traded at24,344.50 against Friday's index close of24,270.85.
Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800
Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.
ICICI Pru Life seeks investor status for Prudential after Bharti Life deal
UK-based Prudential Corporation Holdings is seeking regulatory approval to shift its status from promoter to investor in ICICI Prudential Life Insurance. This move is necessitated by Prudential's agreement to acquire a 75% stake in Bharti Life. Indian regulations prohibit an entity from being a promoter in two insurance ventures simultaneously. Prudential will consequently reduce its stake in ICICI Pru Life to below 10%.
Nifty Outlook for July 6: 24,500 in focus after highest weekly close in over two months
The ongoing consolidation in the Nifty is expected to end soon, paving the way for a fresh upmove. Analysts see the index targeting 24,600 next week, with immediate support at 24,050.
ICICI Prudential Life to seek IRDAI nod for Prudential's promoter-to-investor reclassification
As part of the arrangement, ICICI Prudential Life will apply to the Insurance Regulatory and Development Authority of India (IRDAI) to reclassify Prudential from a 'promoter' to an 'investor' under applicable insurance regulations.