Page 5 - Axis Securities News Today

DP World leases 150,000 sq ft office space in Navi Mumbais Aurum Q Parc tower for its global capability centre. The deal involves 5% annual rental escalation, totaling Rs 65 crore. Key tenants include ICICI Bank, Mizuho Bank, Lloyds Register, and Axis Securities.

While TCS and Tech Mahindra say the current financial year will be better than the last one, Infosys and HCLTech expect it will be similar.

In April so far, the BSE MidCap index rose 5.7 percent, its highest since December 2023, while the BSE SmallCap Index surged over 9.7 percent, marking its biggest jump since February 2021

According to market analysts, the uptrend in the stock market may continue for the coming week after the US markets showed a robust performance on Friday.

While TCS and Tech Mahindra say the current financial year will be better than the last one, Infosys and HCLTech expect it will be similar.

Havells India, for instance, saw a breakout of its falling resistance trendline adjoining the highs of March 2 and April 8, and formed a big bullish candlestick pattern on the daily timeframe with healthy volumes.

Following an almost 76 percent rise in the stock in the last 1 year, domestic brokerage house Axis Securities has picked auto major Hero MotoCorp as its top pick of the week.

The price of gold has been rising unabated. It has soared to more than Rs 73,000 per 10 gm in 2024 from Rs 31,000 in early 2018. Is the rally sustainable or is this a bubble? - Issue Date: May 12, 2024

Gold prices have posted significant gains in the past few months, hence some steam off was also warranted.

But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.