“You can add a Tata Power which will be the best power play on the private side but do not miss this basket of REC, PFC, NTPC, and Coal India and add an NMDC. If you bought these five stocks as SIP, you will be richly rewarded for the next six months but add Tata Power in that basket.”
Sebi nod for IPOs of Fedbank Financial, Epack Durables & Suraj Estate Developers
The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
Coal India pricing reasonable, still top pick post rally
The average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company’s earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.
Taking Stock: Sensex drops 326 points, Nifty below 19,450; PSU banks buck the trend
The broader market continued to outperform the benchmarks. Buying was seen in PSU banking names and metals, while others reeled under supply pressureTaking Stock: Sensex drops 326 points, Nifty below 19,450; PSU banks buck the trend
The broader market continued to outperform the benchmarks. Buying was seen in PSU banking names and metals, while others reeled under supply pressureMid-day Mood | Market falls on Moody’s US downgrade, Nifty below 19,450
Analysts say in Samvat 2080, India will continue to shine and expect markets to maintain its outperformance. Sectors like BFSI, discretionary consumption, and construction real estate are expected to do wellGolden Crossovers: Asian Paints among 3 stocks signaling further bullishness
These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on November 12.
Gold inches higher as investors focus on US inflation data
U.S. consumer sentiment fell for a fourth straight month in November, and households’ expectations for inflation rose again, a survey showed on Friday.
Asian stocks gain, bonds calm as Fed outlook trumps Moody’s downgrade
The U.S. dollar index hovered below its post-payrolls-report high of 106.01, reached on Friday, last trading little changed around 105.80.
Muhurat Trading: Sensex jumps 355 points, investors grow richer by Rs 2.22 lakh crore
All sectoral indices closed in the green. Nifty Media and Nifty IT were the biggest gainers