Latest Stock Market News

Slowdown in revenue growth for Indian tech shares threatens stock surge. Profit estimates for Indian companies are moderating, with growth at 17.7%. Infosys and Tata Consultancy Services to report slow sales growth. Reduced spending and slower revenue conversion are likely to dent investor optimism. Weakness in the services industry can impact the broader economy.

To find out how the rising tide has been strong enough to lift all boats, ETMarkets scanned price performance data of all BSE-listed stocks in between March 20 and December 29, the last trading day of 2023.

Vinay Jaising says: Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP (not including PSU spend or state spend). In absolute terms, we expect over 30% growth YoY in capex expenditure by the government. Rural investments, which were a bit lower in the last two years, should get a fillip as well in both the budgets of at least 10% YoY.

Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts.

Jefferies maintained a buy rating on Bharti Airtel and raised the target price to Rs 1300 from Rs 1085 earlier. The brokerage firm retained an underperform rating on Indus Tower but raised the target price to Rs 160 from Rs 150 earlier.

On the weekly options front, the maximum Call OI is placed at 21,800 and then towards 22,000 strikes while the maximum Put OI is placed at 21,500 and then towards 21,600 strikes.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 115114.52 Crore).

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.