Analysts have raised earnings estimates and target prices for State Bank of India, and expect a further rerating on account of its lower slippages, fall in credit costs and attractive valuations, among others.
Stocks To Watch: Britannia, Hero MotoCorp, IRFC, M&M, Pfizer, PNB, Tata Power
Stocks To Watch : Indian equities reversed losses on the weekly options expiry session to end higher for the fourth straight day, scaling new highs in the process. The S&P BSE Sensex ended 0.7% higher at 50,614 while the NSE Nifty 50 index gained a similar quantum to end at 14,895. Both benchmarks made an intraday record of 50,687 and 14,913 respectively during the session.
Asia Hedge Funds Skirt Reddit Rout as China-focused Firms
Asia hedge funds largely avoided the Reddit turmoil that hammered some global peers last month, with many posting gains led by LyGH Capital and Pinpoint Asset Management. Snow Lake Capital and WT Asset suffered losses.
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID. Bharti Airtel Ltd.’s board approved raising as much as 75 billion rupees ($1 billion) as India’s second-largest wireless operator looks to build a war chest for an airwaves auction.
Zinc MCX Tips for Today Rocking All Target Achieved 209.40 Enjoy
Zinc MCX Tips for Today Rocking All Target Achieved 209.40 Enjoy. Zinc yesterday settled down by 0.02% at 205.65 hurt by a recent jump in inventories in the London Metal Exchange’s warehouses. Zinc inventories in LME warehouses were last at 293,800 tonnes, where stockpiles hit their highest since June 2017 at 294,500 tonnes.