Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

Sensex & Nifty down-35d0f252

Nifty and Sensex end lower; Realty and PSU Bank stocks down; Metals shine, Hindalco up 2.44%

Nifty and Sensex ended lower amid volatility and mixed global cues. Nifty drops 44 points to close at 17156.30. Sensex shed 143 points to end at 58644.82. Except for Metals, FMCG, and IT, all other sectoral indices ended in red. Nifty Realty, PSU Banks, Auto and Media were worst performing sectors today. Top Gainers on …

Nifty and Sensex end lower; Realty and PSU Bank stocks down; Metals shine, Hindalco up 2.44% Read More »

ITC logo-99d3ea25

Pre-Market Information – ITC, PayTm, Tata Steel, Shree Cements, and others in focus today

Global market cues are mixed as US markets have seen correction especially in Tech stocks like Meta (Facebook), Twitter, Snap, Pinterest, and Spotify Tech. However, Amazon shares soared more than 15%. Asian markets are mixed. SGX Nifty indicates a positive start for Indian markets. The following stocks in focus today: ITC: The company reported profit …

Pre-Market Information – ITC, PayTm, Tata Steel, Shree Cements, and others in focus today Read More »

Sensex & Nifty down-cc32e2a8

Sensex dropped 770 points, Nifty closes below 17600

Indian benchmark indices ended lower. Sensex dropped 770 points to end at 58788.02 points. Nifty lost 220 points to close at 17560.20 points. Except for Auto and Consumer Durables, all other indices were in the red. Nifty IT was the top losing sector. It was followed by Realty, Financials, and Oil & Gas indices. Top …

Sensex dropped 770 points, Nifty closes below 17600 Read More »

tata consumer-3e6daa79

Pre-Market Information – Tata Consumer Products, ZEE Enterprises, ITC, Titan, and others in focus today

Asian markets are mixed amid geopolitical tensions and growth concerns. Nasdaq futures drop as Facebook posts weak numbers. SGX Nifty indicates a negative start for Indian markets. The following stocks in focus today: Tata Consumer Products: The company reported higher consolidated profit at Rs.265.05 Cr vs. Rs.218.17 Cr YoY. Its revenue jumped to Rs.3208.38 Cr …

Pre-Market Information – Tata Consumer Products, ZEE Enterprises, ITC, Titan, and others in focus today Read More »

Upward trend-bec4eeba

Nifty above 17700 and Sensex adds 695 points. Financials, Healthcare, and IT lead

Indian benchmark indices did well amid positive global cues. Nifty added 203 points to close at 17780. Sensex gained 695 points to end at 59558.33.  Bank Nifty was up 2.14%. Nifty PSU Bank was the top gaining sector with 3.41% gains. All of the indices were in the green.  Top gainers on Nifty: IndusInd Bank  …

Nifty above 17700 and Sensex adds 695 points. Financials, Healthcare, and IT lead Read More »

Tech Mahindra-a72a46ee

Pre-Market Information – Tech Mahindra, HDFC, Laxmi Organic, Tata Consumer Products, and others in focus today

Global markets are doing well. Alphabet Inc. aka Google posted good numbers. The stock surged 8% on Index. SGX Nifty indicates a positive start for Indian markets. The following stocks in focus today: Tata Teleservices: The company will not convert its AGR dues into equity. It is now opted for deferment for a 4 year …

Pre-Market Information – Tech Mahindra, HDFC, Laxmi Organic, Tata Consumer Products, and others in focus today Read More »

Sensex & Nifty up-512ac076

Market cheers Budget with gains. Nifty above 17500. Sensex adds 848 points

Indices cheer budget with gains. Nifty adds 237 points to close at 17576.85. Sensex adds 848.40 points to end at 58,862.57. Except for Nifty Auto, Nifty PSU, and Nifty Oil & Gas, all other sectoral indices were in the green. Nifty Metals led with 4.49% gains. Top Gainers on Nifty: Tata Steel 7.54% Sun Pharma …

Market cheers Budget with gains. Nifty above 17500. Sensex adds 848 points Read More »

BSE-and-NSE-Why-are-there-two-Stock-Exchanges-in-India-cover-0f923f1b

Markets welcome the Budget as there is no negative news regarding the markets

Indian Markets cheered the Union Budget 2022-23. Both Nifty and Sensex are up by more than 1%. As per market analysts, the absence of  big negative news made indices welcome the budget. Government raised capex target by 35% to Rs.750000 Cr which may boost manufacturing and infrastructure. This makes Capital goods stocks and Infra stocks …

Markets welcome the Budget as there is no negative news regarding the markets Read More »

Budget 2022-23 II-745b0aa0

Stocks to watch ahead of Budget 2022-23 – Summary of brokerage firms’ reports

Auto & Auto ancillaries: Hero Motocorp ,Bajaj Auto, Escorts, Maruti Suzuki India, Ashok Leyland, Endurance Tech., Minda Industries, Minda Corp (Axis Securities) Tata Motors, M&M, Minda Corporation, Gabriel India, Dixon Technologies (ICICI Direct research) Agriculture and Specialty Chemicals: For Agricultural sector – PI Industries, Dhanuka Agritech  For Specialty Chemicals – All companies in the Specialty …

Stocks to watch ahead of Budget 2022-23 – Summary of brokerage firms’ reports Read More »

Budget 2022-23-cead3b93

Pre-Market Information – BPCL, Tata Motors, Tech Mahindra, IOC, and other stocks in focus today

The US markets did well. Asian markets are in the green awaiting Australia’s rate decision and India’s Annual Budget. The Ukraine crisis continues. The 2022-23 budget will be tabled today. SGX Nifty indicates a positive start for Indian markets. The following stocks will be in focus today: Tata Steel Long Products: The company won the …

Pre-Market Information – BPCL, Tata Motors, Tech Mahindra, IOC, and other stocks in focus today Read More »

Sensex & Nifty up-6bd91246

Sensex adds 800 points, Nifty above 17300, Tech Mahindra tops Nifty

Benchmark indices ended in the green. Sensex closed at 58014.17 by adding 814 points. Nifty ended at 17339.8 after gaining 238 points. All sectoral indices were in the green. Nifty Realty was the top gaining sector. Nifty PSU Bank came in second place, followed by Nifty IT in the third place. Markets are getting ready …

Sensex adds 800 points, Nifty above 17300, Tech Mahindra tops Nifty Read More »

download-b8b10566

Pre-Market Information – Tata Motors, L&T, BPCL, Sun Pharma, KPIT Technologies and other stocks in focus today

The US Futures are mixed. Asian markets are too mixed. However, SGX Nifty indicates a positive start for Indian markets. The Economic Survey to be tabled in  Parliament today. The following stock will be in focus today: Bharat Electronics: The company declared a higher Q3 stand-alone profit of Rs.583.37 Cr vs. Rs.261.9 Cr YoY. Its …

Pre-Market Information – Tata Motors, L&T, BPCL, Sun Pharma, KPIT Technologies and other stocks in focus today Read More »

Sensex-1aee4690

Stocks in focus Tomorrow

The US indices did very well on Friday. The US Futures also were showing upward movement. 10-year US Treasury yield also dipped. However, amid escalating tensions between Russia and Ukraine might put a damper on the freshly-building optimism.  A bunch of corporate results were out on Friday and Saturday. The impact of those results will …

Stocks in focus Tomorrow Read More »

Sensex-564c330d

Sensex and Nifty end flat amid volatility. Maruti Suzuki is down 3.05%

Benchmark indices Sensex and Nifty ended flat. Both indices closed marginally in red. Banking and Financial Services Stocks and Auto Stocks were under pressure. Nifty Bank Index was the top losing sector followed by Nifty Auto, and Nifty Private Bank. Maruti Suzuki was the top loser on Nifty with 3.05% fall. On the other hand, …

Sensex and Nifty end flat amid volatility. Maruti Suzuki is down 3.05% Read More »

BSE-and-NSE-Why-are-there-two-Stock-Exchanges-in-India-cover-e8a6dc2d

Pre-Market Information – Kotak Mahindra Bank, L&T, Vedanta, Dr. Reddy’s and other stocks will be in focus today amid mixed global cues

The US Futures rise as Apple delivered a better than estimates quarter. However, key indices were down. Asia-Pacific markets mostly gain. Japan stocks up 2%. However, SGX Nifty indicates a negative start for Indian markets. The following stocks will be in focus today: SRF: Its management expects that its Q4 will be better than Q3. …

Pre-Market Information – Kotak Mahindra Bank, L&T, Vedanta, Dr. Reddy’s and other stocks will be in focus today amid mixed global cues Read More »

Sensex & Nifty down-419ee705

Nifty ended below 17200, Sensex dropped 581 points, PSU Banking stocks soared, Axis bank up 2.88%

Nifty 50 ended at 17110.15 after losing 168 points. Sensex closed at 57276 after losing 581 points. Nifty PSU Banking stocks did well . The PSU Banking Stock index was up by 5% with Union Bank taking the lead with 9.26% gains, followed by Canara Bank (8.65%), and other constituents. SBI was up 2.79%. Media, …

Nifty ended below 17200, Sensex dropped 581 points, PSU Banking stocks soared, Axis bank up 2.88% Read More »

rbl bank-74c18d8a

Pre-Market Information – RBL Bank, PNB, BHEL, Colgate-Palmolive, Route Mobiles, JSPL, Raymond and other stocks will be in focus today

The US markets ended in the red on Wednesday. Nasdaq ended flat. However, The US Federal Reserve’s rate hike signals made the benchmark indices to come off from respective highs. Fed chairman said the first rate hike might be in March. Asian Markets fell after Fed remarks. SGX Nifty indicates a negative start for Indian …

Pre-Market Information – RBL Bank, PNB, BHEL, Colgate-Palmolive, Route Mobiles, JSPL, Raymond and other stocks will be in focus today Read More »

Sensex & Nifty up-4f09b2a0

Markets recovered. Sensex gained 367 points. Nifty above 17250. Maruti Suzuki scrip up nearly 7%. Axis Bank shares up 6.76%

Indian markets bounced back to end the losing steak. In a highly volatile session, both Sensex and Nifty took a respite as they gained 0.64% and 0.75% respectively. Sensex up 367 points and Nifty gained 129 points.  Except for IT, all other sectoral indices ended in the green. The rally was mostly due to support …

Markets recovered. Sensex gained 367 points. Nifty above 17250. Maruti Suzuki scrip up nearly 7%. Axis Bank shares up 6.76% Read More »

Deepak nitrite logo-50d7ea59

Deepak Nitrite down 6% due to disappointing Q3 margins

Shares of Deepak Nitrite down nearly 6% during intra-day trade on Tuesday on the NSE. The stock price went south-wards since the early hours of Tuesday’s trade after it reports a reduced Q3 margin compared to estimates.  However, it achieved a higher revenue of Rs 1,748 Cr., a 41% rise YoY. This is its highest …

Deepak Nitrite down 6% due to disappointing Q3 margins Read More »

RIL logo-d7818fd6

Reliance Industries Q3 FY 22 net profit soars 38% YoY

Indian Conglomerate Giant Reliance Industries posted handsome earnings for Q3 FY 22. Its Net profit stood at Rs. 20,539 Cr., a 38% rise YOY. Similarly, its net sales were at Rs. 185,027 Cr., a 57% rise YoY. Its PBT stood at Rs. 25,227 Cr., a 68.4% rise YoY from Rs. 14,982 Cr.  Its EBITDA stood …

Reliance Industries Q3 FY 22 net profit soars 38% YoY Read More »

Sensex & Nifty down-16ea906d

Sensex and Nifty trade lower, Nifty around 17000, Axis Bank stock is up 5%

Indian markets trade lower amid mixed global cues and volatility. Both Nifty and Sensex down 0.45%and 0.55% respectively. Nifty trades around 17000. Nifty Media is the top gaining sector right now with 1% gains today. Most of the sectoral indices are marginally in the green. However, Nifty IT, Nifty Pharma, are Nifty Realty are under …

Sensex and Nifty trade lower, Nifty around 17000, Axis Bank stock is up 5% Read More »

Axis bank logo-7bb08b1d

Pre-Market information: Axis Bank, Maruti Suzuki, Bharti Airtel and other stocks will be in focus today

The US markets took a respite as investors bought to benefit from the lower valuations. They ended in the green on Monday. However, ahead of Fed meet and big tech firms earnings most of the traders remain cautious. On the other hand, Asian markets trade lower amid volatility on the Wall Street. Even though the …

Pre-Market information: Axis Bank, Maruti Suzuki, Bharti Airtel and other stocks will be in focus today Read More »

Swiggy vs. Zomato-51a3817c

Swiggy vs. Zomato

Food and grocery delivery platform Swiggy now becomes country’s fourth decacorn, a start-up firm valued at $10 billion or more. The company achieved this mile stone recently when it raised $700 million. For this fund-raising Swiggy’s valuation was at $10.7 billion. This Fund-raising was lead by Invesco. Before Swiggy, there are only 3 entities to …

Swiggy vs. Zomato Read More »

Snesex and Nifty correction-0aab725e

Sensex dropped 1545 points, Nifty ended below 17200, JSW Steel down 7%

Indian markets ended in the red after a huge sell-off across the indices. Nifty ended below 17200, while Sensex slipped below 58000 points. Sensex dropped 1545 points to end at 57,491.51, while Nifty shed 468 points to close at 17149.10.  All the sectoral indices ended in the red. Nifty Realty, Nifty Auto, Nifty IT, Nifty …

Sensex dropped 1545 points, Nifty ended below 17200, JSW Steel down 7% Read More »

Sensex & Nifty down-85273d91

Sensex and Nifty trade lower, Hindalco Stock down 4%

Indian markets trade lower amid weak global cues. Both Sensex and Nifty down over 1%. Nifty trades below 17400. Sensex slips 672 points. All sectoral indices are trading in red. Nifty Realty, Nifty Media and Nifty Metal lose more than 3%.  Out of 50 Stocks on Nifty 50, only 7 stocks are in green. Cipla …

Sensex and Nifty trade lower, Hindalco Stock down 4% Read More »

RIL logo-fb0ff502

Pre-Market Information-Reliance Industries, ICICI Bank, Axis Bank, Vodafone Idea, Yes Bank and other stocks will be in focus today

Indian markets will start another week amid weak global cues. On Friday, US markets decline amid FED rate hike anticipations and Russia-Ukraine tensions. Asian markets are also in red. SGX Nifty indicates a negative opening for Indian Markets. The following stocks will be under focus today: Reliance Industries: The company declared higher profits for Q3 …

Pre-Market Information-Reliance Industries, ICICI Bank, Axis Bank, Vodafone Idea, Yes Bank and other stocks will be in focus today Read More »

Sensex & Nifty down-2bb49cd0

Sensex was down 427 points, Nifty closed below 17700

Indian markets have ended this week with losses. Both indices were in red. Out of five trading sessions, benchmark indices were on downward journey for straight four days. They lost around 4% in last four sessions.  Sensex slipped 427 points to settle at 59037.18 points, while Nifty shed 139 points to close at 17617.20 points. …

Sensex was down 427 points, Nifty closed below 17700 Read More »

zomato logo-f794ff8b

Zomato stock down nearly 10%. Scrip slips below the listing price

Food delivery platform Zomato stock down below its listing price of Rs.115. On Friday, the shares of Zomato were down by another 10% to hit a new 52-week low of Rs.113.15. However, at the end of the trade the stock closed at Rs. 113.65. The scrip has lost nearly 17% in last 4 trading sessions. …

Zomato stock down nearly 10%. Scrip slips below the listing price Read More »

Sensex-95c7af68

Sensex sheds 550 points. Nifty trades below 17600

Indian markets trade lower for a fourth consecutive day. Sensex already lost nearly 480 points, while Nifty sheds 150 points. Sensex slips from 59000. Nifty trades below 17600. Nifty PSU Bank index and Nifty Consumer durables index lost more than 2% each. Nifty Metal, Nifty Realty, Nifty Bank, Nifty Media, Nifty Pharma, Nifty Oil & …

Sensex sheds 550 points. Nifty trades below 17600 Read More »