Crude-sensitive stocks like those of oil marketers, airlines, and paint and tyre manufacturers, which are dependent on crude as a key input material, took a hit on January 13 following a rise in Brent oil prices.Brent crude prices surged past $81 per barrel, hitting a three-month high in early trade today. The rally was driven by expectations that expanded US sanctions on Russian oil producers and...

Twin engine supplyInterglobe Aviation’s ex-promoter Rakesh Gangwal periodically selling part of his stake has been a source of edginess for bulls in the stock. But when the current promoter joins the spree, bulls have more reason to look over their shoulder. The outlook for the sector may be rosy, but technical factors also have a role to play in stock price moves. Some big guns of Dalal Street ...

All’s well that ends, the market seems to be saying, looking at the runaway rally over the past three sessions. On the day of the election results, investors fled fancied themes like capex and PSU and sought refuge in FMCG names. The mood has improved significantly since, and investors are now loading up on both defensive as well as market-fancied themes. The obsession with a stable government f...

Six more trading sessions to go before the market starts looking for a fresh set of triggers. Smart money may be already looking beyond the elections. In a report last week, Morgan Stanley said that it likes India in the emerging markets space alongside Korea and Taiwan, but did not mention election results. “We continue to focus on strength in earnings growth over the forecast horizon in India,...

Booster shotAn interesting tug of war playing out in Dr Reddy’s following the fourth quarter numbers. Massive volumes were seen in the ADRs on Friday, and on Monday too ADR volumes were higher than usual. Dr Reddy’s has been among the laggards in the pharma pack, and the near-term outlook remains cautious given continued price erosion in the US generic space and increased R&D spending. Price a...