Hot Stocks: Global brokerages on Hindalco, Inox Leisure, Indigo and Bharat Forge
Global brokerage firm JPMorgan maintained its overweight rating on Hindalco NSE 3.04 % and Indigo, BofA Securities maintained its underperform rating on Bharat Forge, and CLSA recommended a buy on Inox Leisure NSE -1.38 %. We have collated a list of recommendations from top global brokerage firms from ETNow: JPMorgan on Hindalco: Overweight| Target Rs 565
LIC owned Rs 9.3 lakh crore worth of shares in Q1; here are the stocks it bought & sold
Life Insurance Corporation of India (LIC) holding as a percentage of NSE market capitalisation jumped to 3.92 per cent in the June quarter compared with 3.84 per cent in the March quarter, even as the value of stocks it held fell 5.89 per cent to Rs 9.3 lakh crore for the quarter, a Prime Database release suggests.
Sensex logs 6th day of gains on fag-end buying, rises 214 pts; Nifty tops 17,350; IDBI rallies 13%
Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum.
Sensex extends gains to 6th day, jumps 214 pts; Nifty ends above 17,500
Domestic equity markets ended the volatile session on a positive note on Wednesday, led by buying in the auto stocks and ahead of the central bank's policy meeting outcome expected later this week. The markets remained volatile amid geopolitical tensions between the US and China after the former's House speaker Nancy Pelosi visited Taiwan, which the latter claims as its breakaway province, despite warnings.
Inox Wind climbs 6% on bagging 200MW project from NTPC arm
Shares of Inox Wind NSE 4.55 % climbed over 6 per cent in Wednesday's trade after the wind energy solutions provider bagged a 200 MW wind power project from NTPC NSE 0.06 % Renewable Energy, an NTPC arm, to be commissioned in the state of Gujarat. The project will be executed on a turnkey basis at the Dayapar site, Kutch District, Gujarat
Adani Enterprises stock may replace Shree Cements in Nifty 50 in next review; check other possible changes
Another Adani Group firm could enter the NSE Nifty 50 index in the upcoming Semi-annual Index review, according to Abhilash Pagaria, Head – Edelweiss Alternative & Quantitative Research. With the cut-off date of July 29 behind, analysts at Edelweiss Alternative & Quantitative Research believe that Adani Enterprises is best placed to enter the headline index and could replace Shree Cements in the 50-stock pack.
Sensex, Nifty open lower on US-China tensions; ITC rises 2% post Q1 results
Domestic stocks opened lower on Tuesday, as Asia witnessed a selloff on intensifying US-China tensions after reports suggested that the US House Speaker Nancy Pelosi would visit Taiwan later in the day. Losses, however, were restricted in India amid a slew of strong quarterly earnings.