Brokerages upbeat on RIL’s retail, telecom businesses, retain ratings
Of the 26 brokerage reports ET studied, eight have increased the price targets on RIL shares while six reduced it after the earnings. Nineteen of the 26 brokerages have a ‘buy’ rating on the stock, with the average price target given at over Rs 1,700.
Rupee opens 7 paise down at 71.18 against dollar
The domestic unit settled 3 paise down at 71.11 against the greenback in the previous tradin...
What's really weighing on market sentiment suddenly?
“Earnings of some large companies were slightly below expectations. Valuations are not c...
What changed for D-Street while you were sleeping
Nifty futures on the Singapore Exchange traded 62.50 points, or 0.51 per cent, lower at 12,210, indicating a negative start for Dalal Street.
IOC to buy 2 MT Russian crude oil
The annual oil purchase deal with Rosneft, Russia’s state-run oil giant, came after months of negotiations, people said. Two other state-run refiners, Hindustan Petroleum and Bharat Petroleum, too are in talks with Rosneft to close annual crude deals for relatively smaller quantities, they said.
Stocks in the news: Bharti Airtel, IndiaMart, ZEEL, ICICI Pru Life, Oil India and Vodafone Idea
Power Grid Corp has decided to launch an Infrastructure Investment Trust (InViT).
IMF cuts India’s FY20 growth forecast to 4.8%
The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in NBFC sector.
RIL Q3 results: Analysts cut FY20 EPS estimates by 4-6%
CLSA has maintained buy rating on the stock with a target of Rs 2,010.
Dollar holds gains as investors cheer US economic outlook
The greenback held steady near a one-week high against the euro, at $1.1096.
Rising markets, falling economy: Which indicator will reverse first?
A few stocks, popularly known as Hrithik stocks contribute most of the index gains.
OMCs to be weak on refining front in Q3: Shibani Sircar Kurian
Some part of the weakness on the refining margins would be offset by higher marketing margins.
Stock pick of the week: Why analysts are bullish on Bharat Electronics
There is clear visibility about the future earnings of Bharat Electronics as its order book is placed at Rs 56,000 crore, around five times its annual revenues. The recent correction has brought down the valuation of the company to attractive levels.
What made stocks reverse rally on Monday?
BSE Smallcap index fell just 0.39% on Monday, even as benchmark Sensex was down 1%.
$23 billion fund manager says RBI's Operation Twist is likely to fail
Inflation will probably remain elevated over the next six to 12 months, says Maneesh Dangi.
Sluggish bond market is the latest headache for borrowers
Prospects of flat issuance is bad news for PM Modi’s efforts to revive sagging growth.
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