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Select buzzing stocks of Dalal Street including Hero MotoCorp, BHEL, NHPC, Bharat Dynamics, IRB Infra, Hudco, Nalco and Tata Investment Corporation may see an upgrade in the forthcoming AMFI re-categorization, while some names like SRF, Marico, Sun TV, Ramco Cements may be downgraded, suggest notes from IIFL Securities and Nuvama Institutional Equities. The Association of Mutual Funds of India (AMFI) classifies large-cap companies as those ranked from 1-100 in market capitalization, midcap companies from 101-250, Read More

In the wake of the recent election results, stocks linked to Andhra Pradesh and its Chief Minister, Chandrababu Naidu, have surged by approximately Rs 20,000 crore over just eight trading days. This spike has outpaced the “Modi stocks,” which refer to capital expenditure and infrastructure-linked stocks of public sector undertakings (PSUs) and corporates. While Modi’s broader market influence remains robust, traders have capitalized on the immediate momentum of Naidu-related stocks. Known for his pro-reform stance Read More

In its latest note, global brokerage house Jefferies highlighted that the Modi government’s renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd. The brokerage noted that among the 4 key states that could hold sway, 3 are under the ruling NDA. The inclusion could potentially reduce natural gas costs by $0.8-0.9 per mmBtu, facilitating quicker adoption and boosting GAIL’s transmission and trading Read More

The center has ramped up coal production over the last decade to adequately address power demand according to G Kishan Reddy, newly appointed Union Coal and Mines Minister. Addressing journalists after taking charge, Reddy said the promises spelled out in the Bhartiya Janata Party’s election manifesto will be achieved in the coming five years. “India was reeling under coal shortages a decade ago,” he said while adding that this was leading to power cuts in Read More

For June 13, 2024, the outlook for the Indian share market is cautiously optimistic. Key indicators and expert analysis suggest a mix of potential growth and volatility. Market Trends and Key Indicators Nifty 50 Performance: Recent volatility saw the Nifty dropping significantly but then rebounding strongly. It ended the previous week on a positive note, with technical indicators showing a dragonfly doji pattern on the weekly chart, which often signals the end of a correction Read More