Page 3 - Hdfc Securities
HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why
Midcap IT as a sector has been outperforming and the same is expected to continue
 "HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why")
Hold longs on Nifty with a stop at 17,500: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst recommends to Buy Ircon International and ABFRL.
 "Hold longs on Nifty with a stop at 17,500: HDFC Securities")
HDFC Securities picks two stocks with bullish breakout patterns; Check here
The stock of Bank of Baroda is on the verge of breaking out from the symmetrical triangle
 "HDFC Securities picks two stocks with bullish breakout patterns; Check here")
Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Pidilite Industries and Delhivery
 "Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery")
Nandish Shah of HDFC Securities suggests Bull Spread strategy on M&M Fin
The primary trend of the stock is bullish as it trades above its 50, 100 and 200 day-EMA
 "Nandish Shah of HDFC Securities suggests Bull Spread strategy on M&M Fin")
Nandish Shah of HDFC Securities suggests Bull Spread strategy on IGL
The stock price of Indraprastha Gas (IGL) has been taking support at 200 day EMA since January 2023
 "Nandish Shah of HDFC Securities suggests Bull Spread strategy on IGL")
Gold declines Rs 153 amid fall in precious metal prices globally
Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell Rs 7 to Rs 68,700 per kilogram. "Gold price fall was extended after stronger than expected US job market data allowed US Fed to continue with higher interest rate," said an analyst at HDFC Securities. In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce. The US job market data pushed US dollar to a fresh one-month high. Rising interest rates and higher dollar index tend to weigh on yellow metals, the analyst added.
 "Gold declines Rs 153 amid fall in precious metal prices globally")
Sensex, Nifty snap eight-day winning streak ahead of US jobs data
Both shed 0.6% but end in green for second straight week; Broader markets play catch-up
 "Sensex, Nifty snap eight-day winning streak ahead of US jobs data")
Rupee gains sharply against US dollar as MSCI rejig spurs flows
The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday
 "Rupee gains sharply against US dollar as MSCI rejig spurs flows")
Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn
The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks
 "Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn")
Rupee logs best single-day gain since September 30 on strong FPI flows
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
 "Rupee logs best single-day gain since September 30 on strong FPI flows")
Rupee marks biggest monthly losing streak since 1985, braces for Fed move
Oil importers' dollar purchases, breach of technical levels drag rupee lower
 "Rupee marks biggest monthly losing streak since 1985, braces for Fed move")
F&O strategy: Bull Call Spread Strategy on M&M by HDFC Securities
The stock price of M&M has broken out on the daily chart where it closed at highest level since 22-Sept 2022
 "F&O strategy: Bull Call Spread Strategy on M&M by HDFC Securities")
Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes
At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday
 "Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes")
Rupee sheds 0.3% as US dollar soars ahead of Fed's policy statement
Putin's call for partial mobilisation hits risk appetite in currency market
 "Rupee sheds 0.3% as US dollar soars ahead of Fed's policy statement")
Gold prices falls Rs 813; silver prices tumbles Rs 1,379 in Delhi
Gold price in the national capital tumbled Rs 813 to Rs 49,447 per 10 grams on Friday, according to HDFC Securities. The price of the yellow metal fell below Rs 50,000 after it stood at Rs 50,290 per grams on Thursday. The COMEX spot price of gold also declined to USD 1,655 per ounce compared to USD 1,663 per ounce on Thursday. Silver price in the national capital declined Rs 1,379 to Rs 55,982 per kilogram. On Thursday, the price was Rs 57,361 per kg. On Friday, the COMEX spot price of silver was USD 18.84 per ounce as against USD 19.16 per ounce on Thursday. "Spot gold prices for 24-carat gold at Delhi fell by Rs 813 per 10 gram with plunge in COMEX gold prices despite of rupee depreciation," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said. The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday.
 "Gold prices falls Rs 813; silver prices tumbles Rs 1,379 in Delhi")
Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view
Rupee logs first weekly gain in four, outperforms all EM currencies
 "Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view")
Bata India expands footprint but performs below expectations in Q1
Footwear manufacturer trails peers on 3-year growth parameter
 "Bata India expands footprint but performs below expectations in Q1")
Gold prices slumps Rs 289 on escalating tension between US and China
Gold prices declined by Rs 289 to Rs 51,877 per 10 grams in the national capital on Tuesday, according to HDFC Securities
 "Gold prices slumps Rs 289 on escalating tension between US and China")
Building material players take a demand, margin hit in June quarter
Slowdown in construction activity, high inventory levels and cost spike key negatives
 "Building material players take a demand, margin hit in June quarter")
