The popular view for today is that the market will open a gap and stay there for the rest of the session. The rally will likely be fueled by foreign portfolio investors covering their short positions in index futures and retail investors loading up on stocks for fear of missing out. Domestic funds flush with money have anyway been buyers and if the market stays higher, foreign institutional invest...

Shares of Apollo Hospitals Enterprise dropped 8 percent in opening trade on April 29 as investors remained wary of the valuations commanded by the company's arm, Apollo HealthCo, in its recent deal with Advent International.At 9.53 am, Apollo Hospitals was trading at Rs 5,750 on the NSE.Apollo HealthCo, which manages the company's Apollo 24/7 vertical, will raise Rs 2,475 crore from global private...

Indian equity markets are likely to witness a muted start on Friday. Entering the session, Nifty futures traded 12.5 points, or 0.07% lower at 17,676 on the Singapore Exchange, signaling that Dalal Street was headed for a flat to negative open. “The technical landscape for Nifty is likely to be positive as long as the benchmark trades above its biggest support level at 17377 with targets at 1788...

Domestic stock exchanges will resume trading today after a day’s hiatus on account of Muharram. Entering Wednesday’s trade, SGX Nifty was down with losses, suggesting a flat to negative opening for BSE Sensex, NSE Nifty 50. Global cues were weak after Wall Street closed in the red on Tuesday. “Nifty has decisively surpassed the hurdle at 17,400, and we’re now eyeing 17,800. Apart from the...

The benchmark indices witnessed profit booking at higher levels, following a volatile intraday session, the Nifty ended 35 points lower and the BSE Sensex fell 145 points. Among sectors, some buying interest was seen in Metal stocks while intraday profit booking was seen in selective IT and Media stocks. Technically, after three days’ uptrend rally, one more time the NIfty/Sensex took the resist...