BPCL, Oil India top picks, says CLSA

Given the fairly strong negative correlation between the Nifty and the rupee, Laurence Balanco of CLSA does not expect a move higher above the 2010 highs. "The market could move in a volatile sideways trading range instead," he adds.

The overhang from a proposed immigration bill in the US is likely to dominate investment discourse in Indian IT and keep valuations subdued in the near term, CLSA said in a note on Wednesday. NEW DELHI: The overhang from a proposed immigration bill in the US ...

The strong market gains over the last few weeks and potential disappointment on rate action implies a market correction is possible. Our top picks are ICICI Bank, Axis Bank, LT, Tata Motors Zee Entertainment, says Mahesh Nandurkar, CLSA.

Chris Wood, CLSA said that, "Greed & Fear continues to believe that the hurdles for Bernanke to end quantitative easing and resume monetary tightening, are a lot higher than for most Fed governors. While fears of the Fed exiting from QE soon would ...

Look for relative strength in stocks, sectors and markets to drive performance. We recommend staying with the leaders - financials, staples and tech, saysLaurence Balanco, CLSA.

The stock has been in focus ever since it inked a Rs 1,200-cr fibre sharing agreement with RIL's subsidiary Reliance Jio Infocomm Ltd. Fuelling the optimism, the stock has almost doubled since April 2013. Anil Ambani-promoted Reliance Communications reported ...

CLSA downgraded Rackspace (NYSE: RAX) from Underperform to Sell with a price target of $40.00 (from $50.00). For an analyst ratings summary and ratings history on Rackspace click here. For more ratings news on Rackspace click here. Shares of ...

CLSA has upgraded Punjab National Bank from ‘outperform’ to ‘buy’, but has maintained its target price at Rs 1010. NEW DELHI: Asia Pacific-focused broker CLSA has upgraded Punjab National Bank from 'outperform' to 'buy', but has ...

Iron ore will be well-supported at more than $100 a ton this year on sustained demand from China, the largest user of the steel-making raw material, according to CLSA Ltd., which said the longer-term outlook is more bearish. Ore may trade between ...