Category: Markets

Ramanathan seems to be bullish on the Indian economy and the stock market in the medium to long term. He is particularly bullish on the textile sector and the EV chain. However, he is also cautious of the risks of a recession in the US and the impact of rising interest rates.

Blue Star has launched a QIP issue to raise Rs 1,000 crore. The floor price for the QIP is set at Rs 784.55 per share, and the company may offer a discount of up to 5 percent on the floor price. The executive management committee of the company will hold a meeting on September 22 to consider the issue price. On September 20, investors will be closely watching the issue price of the QIP shares, the demand for the QIP shares, and the impact of the QIP issue on the company's stock price. Investors should carefully consider all of the relevant factors before making any investment decisions.

The Indian stock market saw some profit booking on September 18, 2023, but the overall outlook remains positive. Three stocks that outperformed broader markets on that day were Titan Company, Punjab National Bank, and Asahi India Glass. Titan Company is a leading jewelry and watchmaker in India. The stock is in a strong bullish trend and is expected to continue its upward trajectory. Punjab National Bank is a leading public sector bank in India and is also in a strong bullish trend. Asahi India Glass is a leading manufacturer of glass products in India and is in a bullish trend. Analysts recommend traders and investors buy this stock further.

The Indian stock market saw some profit-booking, but the overall sentiment remains positive. The Nifty50 index is expected to hold above 20,000 and the Bank Nifty index above 45,700. The PSU bank sector is expected to outperform. Investors can look to buy on dips in the Nifty50 and Bank Nifty indices, and in PSU bank stocks.

Bajaj Auto plans to upgrade its popular Pulsar bike range with six new models, including the "biggest ever Pulsar" this financial year. The company aims to become a market leader in the mid-segment, which has been experiencing strong growth. However, Bajaj is concerned about the future of the entry-level segment in the motorcycle industry, as entry-level consumers are increasingly transitioning to electric two-wheelers.

RateGain Travel Technologies stock was downgraded to "add" from "buy" by Kotak Institutional Equities, citing moderate upside potential after a strong run-up in the stock price. The brokerage firm highlighted the company's improved growth and profitability, but noted that growth has been concentrated in pockets and valuations are seen as capturing most of the optimism.

Indian equity indices continued their record run on September 15, with the Nifty crossing 20,200 for the first time. Analysts are optimistic about the outlook for Indian markets, given the firm global market cues and the anticipation of a halt in rate hikes by the US Federal Reserve.

The Indian stock market is expected to remain bullish in the coming week, supported by positive macro data and continued buying from domestic investors. However, experts caution that the market is overbought in the short term and could see some profit-booking at higher levels. Key Levels Support: 20,000, 19,900 Resistance: 20,300, 20,480-20,500

The Indian stock market is expected to open marginally higher on September 18, 2023, supported by positive global cues and strong technical indicators. The Nifty50 is likely to remain supported above the 20,000 mark. Investors should monitor global cues and domestic factors such as inflation and interest rates. They should also track the performance of key sectors such as banking, financial services, and technology.

Restaurant Brands Asia (RBA), formerly known as Burger King India, saw eight institutional investors pick up nearly 24% equity stake in the company on September 15, 2023. This comes after the promoter, QSR Asia, offloaded more than 25% shareholding. The stock price climbed 6.7% to close at Rs 128.35 on the NSE. The investment by institutional investors is a positive sign for RBA, as it indicates their confidence in the company's long-term growth prospects. RBA is well-positioned to benefit from the growing demand for fast food in India.