Latest Updates Around The World
Shares of Hindalco and National Aluminum Company (NALCO) fell 3% and 4% respectively on Tuesday. Citing weak growth prospects for the coming quarters, domestic brokerage firm InCred Equities downgraded both companies, leading to this decline. InCred assigned a target price of Rs 631 to Aditya Birla Group company Hindalco and projected a downside potential of […]
Domestic institutional investors increasingly have the upper hand in India’s benchmark index, with their holdings in the Nifty-50 rising to a record 24.8% in December 2025, a historic shift that puts local money ahead of foreign investors. This milestone comes amid relentless FII sales of over Rs 1.6 lakh crore by 2025, highlighting a steady […]
After a quiet week, Indian markets traded in the green on Friday as investors were cautiously optimistic for next week. CA Rudramurthy BV, MD, Vachana Investments shared his insights on Nifty, Bank Nifty and sector-specific opportunities, and urged traders to focus on capital protection in the current bandwidth-constrained environment.Nifty and Bank Nifty levels Rudramurthy identified […]
Vedanta shares on Thursday broke their four-day winning streak, down almost 2%, amid heavy trading volumes, even as the stock had risen sharply in recent sessions. The scrip had risen almost 12% in the last four trading days, reaching Rs 675.70 in the previous session before taking profits in today’s trading.The stock fell 1.69% on […]
The Nifty Metal Index fell sharply on Thursday as profit booking and rebalancing in global commodity markets triggered a correction after a strong rally, said Aditya Welekar, AVP, Axis Securities.According to Welekar, metal stocks had risen sharply in recent months, with valuations pricing in a near-perfect bull case scenario. “Any decline in underlying commodity prices […]
Shares of Vedanta Ltd fell 4.4% to an intraday low of Rs 595 on the BSE on Thursday, tracking a sharp sell-off in the metals sector. The stock came under pressure as weakness in global and domestic commodity prices weighed on sentiment, dragging metal counters lower during the session.By 1 p.m., futures contracts for major […]
After a volatile and largely disappointing 2025 for equity investors, seasoned market expert Dipan Mehta, director at Elixir Equities, believes 2026 could mark a meaningful turnaround – driven by an earnings rebound, selective stock selection and a shift towards export-oriented sectors.Speaking to ET Now, Mehta said 2025 looked like a ‘bear market in disguise’ despite […]
Despite near-term headwinds at Novelis, the long-term investment scenario for Hindalco Industries remains structurally strong, driven by favorable aluminum price dynamics and resilient domestic operations, said Aditya Welekar, AVP at Axis Securities.Speaking to ET Now, Welekar said Novelis remains a long-term growth story even as the company faces execution-related challenges at its Bay Minette project […]
Indian equity markets are still in a consolidation phase, but the broader trend remains positive, said Sneha Seth, derivatives analyst at Angel One.Speaking to ET Now, Seth said the recent break around the 26,200 level on the Nifty 50 is largely due to call-side positioning and mild profit booking, rather than any structural weakness. Helpful […]
Nifty’s rally seems to be hitting resistance around 26,200 points while Bank Nifty is showing early signs of fatigue after surging. Rupak De, senior technical analyst at LKP Securities, expects action in the range up to the November expiry and highlights key support and resistance levels along with his top trade ideas in Hindalco, Five-Star […]
