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Tags : "analysts"

Low F&O rollovers to Oct series hint at growing unease

Mumbai: Fewer positions were carried forward to the October derivatives series on expiry of the September contracts on Thursday as traders fretted about the near-term market prospects following the recent selloff. Analysts said traders, who squared off their bullish bets amid the recent market decline, mostly stayed on the sidelines, while some created fresh short […]Read More

Pharma sector to remain a market favourite due to earnings

Mumbai: The healthcare index hit a record high on Friday led by a rally in sector majors Lupin, Dr Reddy’s Laboratories and Cipla on the back of positive news flow. The sector will remain a market favourite due to earnings visibility, which does not exist for most sectors currently because of the pandemic. Analysts said […]Read More

Analysts say a Joe Biden win over Trump would boost

By Gregor Stuart Hunter and Abhishek Vishnoi Divining the US election result is hard enough, never mind the impact of the vote on markets. Even so, one emerging view is that a Joe Biden win would damp risks in Asia if it curbs some of the tension with China. Disputes in areas such as technology, […]Read More

Q1 preview: Zee Entertainment may report sharp drop in profit

Mumbai: Broadcaster Zee Entertainment Enterprises may post a sharp drop in net profit in the quarter ended June as Covid-19 pandemic-induced lockdown significantly hurt advertising demand. The television channels were also forced to air rehashed old content as production came to a grinding halt. The company is slated to announce its June quarter earnings on […]Read More

80% return in 95 sessions! Analysts say this Dark Horse

The pharma sector emerged the dark horse in the ruins of the Covid-19 destruction on Dalal Street, and the BSE Healthcare index rallied some 80 per cent in 95 sessions to hit an all-time high of 19,720 on August 10 rising from its 52-week low of 10,948 hit on March 23. Increased demand for pharma […]Read More

Government’s move to ban apps will hurt Xiaomi India revenue:

NEW DELHI: The government’s recent move to ban Xiaomi’s popular web browser, the ‘Mi Browser Pro’ along with the previously banned socializing platform ‘Mi Community’ could severely hurt the Chinese phonemaker’s revenue opportunity from value added services (VAS) worth millions of dollars, analysts say. “Having built a user base of 90 million users and captured […]Read More

Iran’s stock market surges to record high, analysts warn of

DUBAI: Iran’s main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. The Tehran Stock Exchange’s benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency said, up 2.4%. The index closed at […]Read More

Goldman lowers US GDP forecast, sees 4.6% contraction in 2020

Goldman Sachs Group Inc. economists revised down their estimates for the US economy this quarter, but predicted it will be back on track in September after some states imposed fresh restrictions to combat the coronavirus. While consumer spending appears likely to stall this month and next, economists led by Jan Hatzius said other economies have […]Read More