Marico shares surged around 10 percent on May 7 as the company’s quarterly numbers promoted rating upgrades for the stock. Nuvama has upgraded the stock to 'buy' while City raised its target price on the stock. Motilal has a 'buy' rating on the stock with a target price of Rs 625 per share.As of May 7, Bloomberg showed 31 analysts have a buy rating on Marico stock, 8 have a hold rating and 3 hav...

The Securities and Exchange Board of India (SEBI) returned the National Stock Exchange (NSE) proposal since brokers and trading members in the equity market gave divergent views on the proposed extension.India's markets regulator has shelved a proposal by the country's largest stock exchange to extend trading hours for index derivatives, the exchange said in an analyst call.The Securities and Exch...

The Nifty 50 was trading range bound on May 6, up 32.40 points or 0.14 percent at 22,508.20 around noon.Nifty is constantly being rejected from its all-time high levels indicating potential turbulence on D-street. A break of 22,350 on the downside can trigger a further fall of 300-400 points on the index, says Rahul Kumar Ghose, CEO- hedged. in. The index has its last support at 22,000, he added.G...

Given the cautious mood after the consistent upward journey of the volatility index and Bearish Engulfing candlestick pattern formation on the daily charts, 22,300—the low of the big bullish candle of April 25—is expected to be a key level to watch for a further downside in the Nifty 50.On the higher side, in case there is a rebound, the index may face resistance at the 22,600-22,650 level, ex...

Shares of REC Ltd., Power Finance Corporation Ltd. (PFC), and IREDA plunged as much as 11 percent on May 6 to give up most of their previous week's gains. PFC, and REC stocks had hit record highs in the week gone by due to a stellar rally on the back of strong Q4 earnings.The sharp fall comes after the Reserve Bank of India's draft guidelines on project financing, which mentioned that 5 percent ge...