Global Market News for 18 Feb 2019
Medium term outlook remains positive till Nifty trades above 9,951 levels and we expect targets in the range of 12,500-12,800 levels in medium term.
Avendus has an exclusive agreement with proxy advisory firm IiAS, to assess NSE Nifty 100 Index companies based on ESG scores
Here's a look at what the technical chart indicates for the headline indices for this week -
Why would Trump bring two more China hawks to the negotiating table, especially if they are anti-Trump Democrats?
The Nikkei ended the day up 1.82 per cent at 21,281.85 after brushing 21,306.36, its highest since Dec. 18.
The Nifty PSU Bank index was trading 0.54 per cent down at 2679.90 around 02:01 pm.
The agreement will be for a national bottling, sales and distribution footprint in 7 states and 5 Union Territories.
Benchmark NSE Nifty50 index was down 44.10 points at 10,680.30 while the BSE Sensex was down 156.94 points at 35,652.01
The Nifty Metal index was trading 0.34 per cent down at 2667.95 around 12:54 pm.
Buy Mahindra & Mahindra Ltd. at a price target of Rs 813.0 .
Sekhri normally invests in companies that have been listed for at least 10 years.
The Nifty Realty index was trading 1.37 per cent up at 225.60 around 12:42 pm.
The bank is expected to clock a net profit of Rs 2,266 crore for the year ending March 2020.
The Duvvada news has lifted a big overhang from the stock, said Edelweiss Securities.
The stock moved higher by 10 per cent to Rs 135 on the BSE in otherwise weak market.
The Nifty Pharma index was trading 0.45 per cent down at 8604.60 around 12:31 pm.
Benchmark NSE Nifty50 index was down 68.15 points at 10,656.25 while the BSE Sensex was down 221.69 points at 35,587.26.
Indigo is a 'Sell' call with a target price of Rs 1075 and a stop loss of Rs 1136.
Domestic benchmark index NSE Nifty was trading 77.45 points down at 10,646.95 while the BSE Sensex was trading 259.26 points down at 35,549.69.
RBI said 'nil' divergence is not an achievement to be published.
The stock was up 5% to Rs 477 on the BSE in intra-day trade on Monday, rallied 50% from Rs 317 on February 4, 2019, against 2.7% decline in the S&P BSE Sensex.
For Indigo, Rs 1,050 stays as strongest support for the counter and an immediate buying level at around Rs 1100, as per the chart
While Reliance Capital (up 8.18 per cent) and Reliance Naval and Engineering (up 4.33 per cent) too were trading in the green.
American cos can tap into EMs' economic growth much better than their Indian counterparts.