ITC shares are expected to remain in focus after cigarette prices rose sharply following the implementation of higher excise duties from February 1. The tax hike has raised demand and margin concerns, pressured the stock in recent sessions, and intensified worries around illicit trade despite stable underlying business fundamentals.Read More
Indian markets brace for a busy Monday as 72 companies, including Hyundai Motor India and Bajaj Housing Finance, unveil their December quarter earnings. Analysts anticipate robust revenue growth for Hyundai, driven by a strong product mix. Bajaj Housing Finance is expected to show steady AUM growth, though NIM compression is a watchpoint. Investors await these...Read More
Investors are closely watching the potential impact of Kevin Warsh’s nomination as Fed Chair, with his preference for a smaller balance sheet potentially strengthening the dollar. Meanwhile, Japanese Prime Minister Takaichi’s comments favoring a weaker yen have pushed the currency lower, with an upcoming election expected to be a key catalyst for further movement.Read More
Hindustan Zinc shares will be watched closely. Silver prices have seen a significant drop, affecting the company’s stock. This comes after Hindustan Zinc recently became India’s most valued metal company. Analysts have provided positive ratings and target prices for the stock. The company reported strong Q3 earnings and has plans for future capital expenditure to...Read More
On February 1, four stocks from the Nifty500 universe entered the RSI Trending Up scan after gaining over 3%. Their RSI readings moved above the 50 mark from lower levels, signalling improving price momentum and rising buying interest, a technical signal traders often track for potential bullish continuation.Read More
India’s market borrowings are set for a significant jump in FY27, with gross borrowings reaching Rs 17.2 lakh crore. This substantial increase, a 17.7% rise year-on-year, is expected to put pressure on bond markets. Net borrowings will also climb, highlighting the government’s continued reliance on market funding to bridge its fiscal deficit.Read More
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