The Reserve Bank of India (RBI) gave indications that there might be a hike in its chief rates on Tuesday, in order to check the double-digit inflation. The aim is to bring the inflation down and ensuring a stable economic growth.
Many of the European stocks climbed since the bulk of the territories banks cleared the stress tests, enhancing the poise in the financial system. The Asian equities benefitted and the U. S. index futures oscillated. 
Close to a windfall rally happened at the Dow Jones on Monday. And because of this, the losses that occurred in 2010 on the Dow Jones Industrial Average were erased completely. 
Leading IT firm Tech Mahindra has reported its first quarter financial results for the fiscal year 2010-11. 
Public sector lender Dena Bank has declared its financial results for the first quarter of the fiscal year 2010-11. According to the report, the bank has registered a significant 21% net profit rise in the quarter under review. 
Leading FMCG player Dabur has announced its first quarter financial results for the fiscal year 2010-11. As per the report Dabur has posted a net profit of Rs 107.39 crore for the quarter that ended in 30th June, 2010 which is almost 21% up from the net profit figure of the similar quarter in the last fiscal. BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.
News in Focus
Featured, India Business, Analyst View, BOB Capital Markets, Bullion Update, India, Kalyan Jewellers
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Steel Sector, Tata Steel
ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.
Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, India, Mahindra & Mahindra
BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Retail Sector, Swiggy
ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.
ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric
Main Regional Stories
ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the RPSG Group music label posted a robust September qu
Featured, India Business, Analyst View, Stock Markets, BOB Capital Markets, Cera Sanitaryware, India, Mumbai
BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.
ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs 260.
Featured, Analyst View, Futures & Options, Stock Markets, Banking Sector, ICICI Securities, India, SBI
ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.
