Kotak Institutional Equities has upgraded earnings estimates and also raised the target price for Vedanta Ltd, National Aluminum Co Ltd, and Hindalco Industries Ltd following the recent rally in metal prices globally.The brokerage raised Vedanta’s target price by 25.5 percent to Rs 320 a share. The target price for National Aluminum has been raised to Rs 130 from Rs 90 and that of Hindalco Indus...

Shares of non-bank finance lender Bajaj Finance plunged around 8 percent in early trade on April 26 after the company's Q4 earnings report showed a decline in net interest margin. The company's net interest margin eroded 21 basis points in the fourth quarter on a QoQ basis to around 10 percent.At 11.42 am, shares of Bajaj Finance were trading at Rs 6,744 on the NSE, lower by over 7 percent.Kotak I...

The market momentum has turned quite strong after three days of consolidation, and to sustain the same trend the Nifty 50 needs to hold on to the 22,300 mark, a pivotal support level. As long as the index trades above the same level, the gradual march towards 22,700, followed by 22,800, will be possible in the coming sessions of the May series, experts said.On April 25, the monthly expiry day for ...

The benchmark Sensex and Nifty indices are likely to open higher on April 26 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 87 points.The Indian market made a smart recovery from the day's low to extend the winning streak to a fifth straight session on April 25 but last-hour profit-booking capped the gains.At close, the Sensex was up 486.50 points, or 0....

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....