Benchmark indices Nifty and Sensex opened on a subdued note, weighed down by a sharp decline in banking and metal stocks that soured market sentiment. Adding to the gloom, all other sectors slipped into the red, reversing the upbeat momentum from the previous session’s strong close. Data from the exchanges shows that Rs 4.5 lakh crore m-cap has been eroded in today's session.U.S. stock futures c...

Food delivery aggregator Zomato has hopped on an aggressive store expansion spree for its quick commerce business, Blinkit. This expansion has driven up investment costs, inflating Blinkit's losses and squeezing Zomato's net profit in Q3. Despite the stock taking a hit after Zomato's weak Q3 numbers, optimism among brokerages seems to remain unhinged.Shares of Zomato have plunged over 12 percent s...

ZomatoNomura On ZomatoBuy Call, Target At Rs 290/ShCompetition Heats Up In Quick Commerce But Well Positioned To Be Among Top 2 PlayersFood Delivery Business Slows But Surprises On Profitability ImprovementStrong Execution And Balance Sheet Are Key Positives In Favour Of BlinkitJefferies On ZomatoHold Call, Target Cut To Rs 255/Sh From Rs 275/ShMixed Q3 With, As Expected, Modest Growth In Food Del...

The Nifty 50 and Bank Nifty recovered all their Friday losses and formed bullish hammer-like candlestick and green candle patterns, respectively, on the daily charts on January 20, which is a positive sign. However, the overall sentiment remains bearish, given that the MACD is in sell mode and the 50-day SMA has fallen below the 200-day SMA. If the index climbs and sustains above 23,400 (a key res...

The Nifty 50 remained rangebound, though it rebounded and recouped the previous day's losses to end with a 0.6 percent gain on January 20, accompanied by above-average volumes. The daily charts indicated buying interest at lower levels, but volatility remained elevated, signaling caution for bulls. The Nifty 50 consistently faced resistance in the 23,350-23,400 zone. If the index manages to close ...