Stock Market LIVE: GIFT Nifty Hints At Positive Open; Cochin Shipyard, Marico, Railtel Corp Shares In Focus
The GIFT Nifty was trading 0.08% or 20 points higher at 25,495. Catch live updates on stock markets here on Sept 18.
Bharti Airtel, RIL Upgraded, Vodafone Idea Downgraded By HSBC - Here's Why
HSBC Global Investment Research has issued a mixed outlook for India's telecom space, reiterating a bullish stance on Reliance Industries Ltd. (RIL) and Bharti Airtel Ltd. while lowering the target price for Vodafone Idea Ltd.
In a latest note, HSBC has maintained a 'buy' rating on Bharti Airtel, with an unchanged target price of Rs 2,200. The brokerage firm has backed Jio as well, raising the price target for RIL from Rs 1,630 to Rs 1,750 while maintaining a 'buy' rating.
Stocks To Watch Today: Marico, Blackbuck, Lodha Developers, Poonawalla Fincorp, Bandhan Bank
Marico Ltd., Zinka Logistics Ltd., Lodha Developers Ltd., Poonawalla Fincorp Ltd. and Bandhan Bank Ltd. are some of the stocks that are going to catch investors' attention on Thursday.
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Stocks To Watch Today: Marico, Blackbuck, Lodha Developers, Poonawalla Fincorp, Bandhan Bank
Stock Picks Today: Sun Pharma, ICICI Bank, Bajaj Finance, Afcons, Yes Bank, Laurus Labs On Brokerages' Radar
Sun Pharmaceuticals Ltd., Bajaj Finance Ltd., Afcons Infrastructure Ltd., ICICI Bank Ltd., Yes Bank Ltd., Avenue Supermarts Ltd., Shriram Finance Ltd., and Laurus Labs Ltd., are among the companies garnering brokerage commentary today.
Pre-Market Views: Nifty Moving Towards Overbought Zone
"Technically, the spot remains well above its 9-, 20-, and 50-day Exponential Moving Average, with the Relative Strength Index (14) reading at 67 — inching toward the overbought zone. While this does not guarantee a reversal, traders should watch for potential consolidation or a healthy pullback towards the psychological 25,000 level. Such dips could present attractive buy-on-dip opportunities if the bullish bias sustains,"Hariprasad K, Research Analyst and Founder, Livelong Wealth
Gold Prices Decline Post US Fed Rate Cut
Gold prices declined after the US Federal Reserve delivered a 25-basis-point rate cut in line with market expectation and guided for more rate cuts.
The Bloomberg Spot gold was trading 0.11% down at $3,656 as of 7:22 a.m.
