Equity benchmarks the Sensex and the Nifty opened flattish on April 26, weighed down by the slower-than-expected GDP growth in the US, which pushed back rate cut expectations.Around 9.30 am, the Sensex was up 113.31 points, or 0.15 percent, at 74,452.75, and the Nifty was up 33.40 points, or 0.15 percent, at 22,603.70. About 1,892 shares rose, 734 fell, and 96 remained unchanged.The US GDP grew 1....

Algo theoryBSE shares continue to climb higher. The latest chatter on the Street is that some of the big algo trading firms are showing interest in taking up the exchange’s co-location server facility, now that options volumes have picked up in a big way. The stock has had a fantastic run over the last year and with every renewed surge, some new theory comes up to justify the rise. The co-locati...

Shares of Godrej Consumer Products Limited advanced over 1 percent to Rs 1,225 in morning trade on April 25 after UBS increased its target price citing that new products could boost revenue.The international brokerage, which maintained a 'buy' call, has raised the target price to Rs 1,450 from Rs 1,200. The new price target implies a 19.5 percent upside from the previous close of Rs 1,213."We expe...

Shares of Bharat Forge soared over 5 percent in morning deals on April 25 after the stock got a double upgrade from Bank of America (BofA) Securities. The international brokerage now has a ‘buy’ call on the stock with a raised target price of Rs 1,450 per share, implying an 18 percent upside from the previous closing price.Analysts at BofA Securities anticipate that the downcycle in the US tru...

JNK India's initial public offering (IPO) worth Rs 649.47 crore saw a subscription of 1.37 times on April 25, the third and final day of bidding.  Investors bid for 1.51 crore equity shares against the total issue size of 1.1 crore shares, according to data available from the exchanges.Non-institutional investors were leading the race, buying 2.12 times the allotted quota followed by retail inves...