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...

Jefferies retained its 'buy' call on Grasim Industries as it awaits a sustained scale-up on the Aditya Birla Group flagship.The international brokerage had a price target of Rs 2,600 apiece on Grasim Industries, indicating a 14 percent upside from the previous session's closing price.Grasim Industries highlighted that it is aiming at a Rs 1,000-crore revenue milestone for the Birla Opus pivot. In ...

After Monday’s sell-off, Indian equity markets may see some rebound today. Entering Tuesday’s session, SHX Nifty was marginally in green hinting at a flat to positive start for BSE Sensex and NSE Nifty 50. “Near term weakness might continue in Nifty given weak global economic cues, crude hovering around $100/bbl and rupee depreciating above 80 levels. Broader market which has been showing st...

After the Indian benchmark indices BSE Sensex and NSE Nifty 50 fell to 52-week low in the previous session, they are likely to extend losses, and start trade on a muted note on Friday as well, as global cues turn negative amid recession fears. Ahead of today’s trading session, the SGX Nifty Futures quoted 15,330 levels, signaling that Nifty is headed for a gap-down start. “Markets are likely t...

Here is a list of top 10 stocks that will be in focus on Wednesday:NTPC Ltd: The state-run company is moving at breakneck speed to increase coal supplies to fuel its thermal plants and ensure the units operate at more than 75% of capacity to avert another power crisis in India. The electricity giant not only aims to import 20 million tonnes of coal, at an eight-year high, over the next few months ...