Stock market today: More than 250 stocks, including ICICI Bank, Bharti Airtel, Hindustan Unilever (HUL), Bajaj Finserv and JSW Steel, hit their fresh 52-week highs in intraday trade on BSE on Friday, September 20, even as equity benchmarks, the Sensex and the Nifty 50, clocked robust gains to scale their fresh peaks. Zomato, Bajaj Holdings, … Read more
After a record-breaking performance in the previous trading session, Indian market struggled to maintain those gains today, with frontline indices losing over 1%. This decline was influenced by a sell-off in global peers, driven by weak US manufacturing and labor market data that reignited recessionary fears. Sector-wise, the metal sector was the hardest hit, with … Read more
Foreign brokerage firm CLSA has reiterated its cautious stance on the Indian steel sector citing higher valuations and incremental shift in the profit pool towards miners. The brokerage has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ₹135 from ₹145 per share. It has also downgraded JSW Steel to ‘Sell’ … Read more