Big Movers on D-St: What should investors do with Karur Vysya Bank, M&M and Bharti Airtel? https://ift.tt/kPhxdqg believe that undergoing positive momentum will continue. This could take the stock towards its lifetime high of Rs 136.70. The stock is positively poised above its key moving averages on major timeframe chart...
Monday, October 31, 2022
Asia stocks edge up as investors eye Fed rate decision | Economic Times
October 31, 2022
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Asia stocks edge up as investors eye Fed rate decision https://ift.tt/ixXQeDS two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 4.4803% compared with a U.S. close of 4.501% on Monday. The yield on benchmark 10-year Treasury notes stood at 4.0478% compared with its U.S. close of 4.077%...
Tata Steel's net profit plunges 90% to Rs 1,297 cr | Economic Times
October 31, 2022
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Tata Steel's net profit plunges 90% to Rs 1,297 cr https://ift.tt/ixXQeDS legacy steelmaker, which also has operations in western Europe, reported a consolidated bottom line of ₹1,297 crore, compared with ₹12,548 crore in the year-ago period. The extent of decline in Tata Steel's net profit was in line with that of other steelmakers facing similar headwind...
The Boozy Apple Shake
October 31, 2022
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An apple a day keeps the doctor away, but this shake is a pure punch of crunchy apples, almond milk and Bailey’s topped with some whipped cream to give this drink an exotic touch. This drink is perfect for parties, when you want to enjoy a subtle high with a fruity and creamy punch. Made like a simple shake but punched with Bailey’s gives this drink a heavenly...
Zero-oil Masala Chickpeas
October 31, 2022
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Looking for a healthy snack? Then try this Zero-oil Masala Chickpeas recipe made with a melange of spices, lemon juice and baked to perfection. Made with some simple ingredients and this snack recipe is great for people who love munching on the go. What’s more, if you are planning to lose weight, then this is the perfect snack to go for! Follow us through this...
Sunday, October 30, 2022
Which form of gold investing would be ideal this festive season? | Economic Times
October 30, 2022
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Which form of gold investing would be ideal this festive season? https://ift.tt/p2Z4gOI in India have a strong emotional and secure relationship with gold. Over the years, they have been buying gold in the form of physical go...
Investment avenues that will be game changers by 2025 | Economic Times
October 30, 2022
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Investment avenues that will be game changers by 2025 https://ift.tt/UXCNyaB wealth in leaps and bounds and not storing wealth is the key mantra for millennial investo...
Saturday, October 29, 2022
RIL among 3 top stock ideas for this week from Sumeet Bagadia | Economic Times
October 29, 2022
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RIL among 3 top stock ideas for this week from Sumeet Bagadia https://ifttt.com/images/no_image_card.png"The support for Nifty has shifted around 17,600 levels. On the other hand, Bank Nifty has support at 40,200 levels while resistance is placed at 41,800. Traders are advised to keep a buy-on-dip approach until there’s any change in data and look for stock-specific...
RBI Governor urges ombudsman to be sensitive, judicious while redressing customers' grievances | Economic Times
October 29, 2022
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RBI Governor urges ombudsman to be sensitive, judicious while redressing customers' grievances https://ift.tt/GZ1u6Ey Governor said the RBI Ombudsmen and the regulated entities (REs) must first identify the root causes of persisting customer complaints and take necessary systemic measures to correct them. Second, the resolution of customer complaints by the...
India’s pick up in capex cycle positive for banking sector | Economic Times
October 29, 2022
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India’s pick up in capex cycle positive for banking sector https://ift.tt/reC57u4 the last 2 quarters, we have seen that credit growth has started picking up across the banking sect...
Itaewon, site of deadly stampede in South Korea, known for hip nightlife, chic restaurants | Economic Times
October 29, 2022
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Itaewon, site of deadly stampede in South Korea, known for hip nightlife, chic restaurants https://ift.tt/wiupCXD bars and clubs have long served American troops stationed in the country as the neighbourhood is located near the former main garrison of the US Forces Korea (USFK) in central Seoul. The district is also home to many foreign embassies, ambassadors'...
Friday, October 28, 2022
Sebi working to mitigate cyber risks | Economic Times
October 28, 2022
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Sebi working to mitigate cyber risks https://ift.tt/83wUIpc the proposed system, all trade data of clients with one exchange will be stored at servers of the other exchange in their data center. This will ensure that in case of any cyber attack it does not affect the smooth functioning of the marke...
Concerned over high customer grievances: Shaktikanta Das | Economic Times
October 28, 2022
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Concerned over high customer grievances: Shaktikanta Das https://ifttt.com/images/no_image_card.png"Despite our enhanced focus on customer service and consumer protection, I am very concerned to notice that there are still persistent grievances in some specific areas like mis-selling, lack of transparency in pricing, disproportionate service charges, very high...
Maruti heralds revival with 4-fold rise in Q2 net | Economic Times
October 28, 2022
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Maruti heralds revival with 4-fold rise in Q2 net https://ift.tt/ATx1WyB from operations in the period under review rose 46% to ₹29,930.80 crore, from ₹20,538.90 crore in the year-ago period. The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. While sales in the domestic market stood at 454,200 units, exports were...
Wall Street surges to sharply higher close ahead of Fed week | Economic Times
October 28, 2022
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Wall Street surges to sharply higher close ahead of Fed week https://ift.tt/IkCpyAN major U.S. indexes ended the session up about 2.5% or more, with the S&P and the Nasdaq notching their second straight weekly gains. The blue-chip Dow posted its fourth consecutive Friday-to-Friday advance and its biggest weekly percentage gain since Ma...
India, UK set to revive FTA talks; no new deadline yet | Economic Times
October 28, 2022
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India, UK set to revive FTA talks; no new deadline yet https://ift.tt/aHDhT6y no new deadline to conclude the talks has been set after the Diwali target was missed, people aware of the developments said. India's gains in lieu of likely duty cuts for British alcohol and automobiles, and visa flexibilities would be the focus area...
Thursday, October 27, 2022
Fusion Micro Finance IPO price band fixed at Rs 350-368; issue to open on Nov 2 | Economic Times
October 27, 2022
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Fusion Micro Finance IPO price band fixed at Rs 350-368; issue to open on Nov 2 https://ift.tt/Rr3N20D company has reserved 50% of shares for qualified institutional buyers, whereas non-institutional investors will get 15% of shares. The remaining 35% of shares have been allocated to the retail bidder...
Wall St loses over $200 billion in value after report from Amazon | Economic Times
October 27, 2022
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Wall St loses over $200 billion in value after report from Amazon https://ift.tt/JclwCKN weak report sent Nasdaq futures tumbling about 3%, showing traders expect Wall Street to open with a deep decline on Friday. Google-owner Alphabet and Microsoft dropped about 1% each, adding to losses following their own poorly received quarterly reports on Tuesda...
Gold flat; set for weekly gain on hopes of less hawkish Fed stance | Economic Times
October 27, 2022
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Gold flat; set for weekly gain on hopes of less hawkish Fed stance https://ift.tt/Rr3N20D European Central Bank raised interest rates by 75 basis points on Thursday and put the reduction of its bloated balance sheet on the agenda, but said "substantial" progress had already been made in its bid to fight off a historic surge in inflatio...
Aditya Birla Sun Life AMC Q2 PAT rises 11% to Rs 191 cr | Economic Times
October 27, 2022
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Aditya Birla Sun Life AMC Q2 PAT rises 11% to Rs 191 cr https://ift.tt/1lmJLYj Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021. Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BS...
Chart Check: Uptrend intact in this IT company that rose over 100% in a year post breakout | Economic Times
October 27, 2022
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Chart Check: Uptrend intact in this IT company that rose over 100% in a year post breakout https://ifttt.com/images/no_image_card.png“Based on the rationale above, the stock offers a buying opportunity in the range of 695 to 675 range with a stop loss of 640 on closing basis. It has upside potential up to 800 levels in the next 2 months,” Shah recommende...
Wednesday, October 26, 2022
Chennai Petroleum tumbles over 15% as profit falls 99% QoQ | Economic Times
October 26, 2022
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Chennai Petroleum tumbles over 15% as profit falls 99% QoQ https://ift.tt/Rr3N20D company's total expenses surged 75.84% year-on-year (YoY) to Rs 22,870.80 crore during the quarter under review. The cost of raw materials consumed soared 132.42% YoY to Rs 18,842.33 crore in the second quarter of the financial year 202...
Vietnamese Summer Rolls
October 26, 2022
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If you enjoy Spring Rolls, here's a recipe you would love to make again for your family and friends. And it is so simple that it can be made in 10 minutes. Well, if you are wondering how these Spring Rolls are made, here's the simple recipe. These rolls are also known as salad rolls, rice paper rolls and fresh spring rolls. All you require are rice noodles,...
Gunmen attack major Shiite holy site in Iran, killing 15 | Economic Times
October 26, 2022
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Gunmen attack major Shiite holy site in Iran, killing 15 https://ift.tt/fMaY061 TV blamed the attack on "takfiris," a term that refers to Sunni Muslim extremists who have targeted the country's Shiite majority in the past. The attack appeared to be unrelated to the demonstration...
What changed for market while you were sleeping | Economic Times
October 26, 2022
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What changed for market while you were sleeping https://ift.tt/Zd7y39S equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fel...
Investments in energy storage, smart grid up 66% | Economic Times
October 26, 2022
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Investments in energy storage, smart grid up 66% https://ift.tt/p32KnGs January-September 2022, the energy storage segment garnered $22 billion funding through 92 deals. This is 69% higher against the $13 billion raised in 74 deals in the year-ago period. The rest were made in smart grid and energy efficiency area...
Axis Bank, IndusInd Bank could rally up to 26% in next 1 year | Economic Times
October 26, 2022
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Axis Bank, IndusInd Bank could rally up to 26% in next 1 year https://ift.tt/VBSLG2J any material change in the demand environment needs to be monitored, given the challenging macro environment, we expect systemic credit to grow ~13%/14% YoY in FY23/FY24, respective...
Tuesday, October 25, 2022
Australian health insurer Medibank says data of all customers hacked | Economic Times
October 25, 2022
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Australian health insurer Medibank says data of all customers hacked https://ift.tt/eRGBD6M said its priority was to discover the specific data stolen in relation to each customer and to share that information with those customers. The company had previously said the breach was thought to be limited to its subsidiary arm and foreign student...
Australia inflation races to 32-year high, sounds rate alarm | Economic Times
October 25, 2022
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Australia inflation races to 32-year high, sounds rate alarm https://ift.tt/apJFe8H from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) jumped 1.8% in the September quarter, topping market forecasts of 1.6%. The annual rate shot up to 7.3%, from 6.1%, the highest since 1990 and almost three times the pace of wage grow...
US school shooting: Gunman had AR-15-style weapon, 600 rounds of ammo | Economic Times
October 25, 2022
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US school shooting: Gunman had AR-15-style weapon, 600 rounds of ammo https://ift.tt/X146ush Harris also left behind a handwritten note offering his explanation for the shooting on Monday at Central Visual and Performing Arts High School, St. Louis Police Commissioner Michael Sack told reporter...
Monday, October 24, 2022
Tesla options hint at trouble ahead with bets around $200 | Economic Times
October 24, 2022
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Tesla options hint at trouble ahead with bets around $200 https://ift.tt/VLUYArq shares have been on a dizzying roller-coaster ride this year, as jumpy investors reacted to a wide array of both positive and negative news -- ranging from supply problems, demand concerns, production disruptions in China, a cash-strapped consumer and the looming global recession,...
Stocks in the news: RIL, ICICI Bank, Yes Bank, DLF, Kotak Bank and pharma stocks | Economic Times
October 24, 2022
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Stocks in the news: RIL, ICICI Bank, Yes Bank, DLF, Kotak Bank and pharma stocks https://ift.tt/RcTnQ1d Petroleum Corporation is among the fours companies that will announce their results for September 2022 quarter toda...
What changed for market while you were sleeping | Economic Times
October 24, 2022
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What changed for market while you were sleeping https://ift.tt/ugRc1bW share markets beyond China showed signs of strength on Tuesday following a rally in US stocks buoyed by optimism from early corporate earnings report...
Will Jerome Powell be like Volcker or Burns? | Economic Times
October 24, 2022
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Will Jerome Powell be like Volcker or Burns? https://ift.tt/uZyB4LX no free lunch. To increase its chances of getting inflation back down to 2%, the Fed has to be willing to push short-term interest rates higher when the economy doesn't slow sufficiently and the labor market remains too tight. That increases the likelihood of recession. Volcker did what was...
Abu Dhabi's ADQ manages $157 billion assets: Global SWF | Economic Times
October 24, 2022
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Abu Dhabi's ADQ manages $157 billion assets: Global SWF https://ift.tt/tLdWgzD smallest of Abu Dhabi's three main sovereign wealth funds, ADQ has emerged as one of the region's most active dealmakers, and Global SWF suggested it could even merge in future with Mubadala Investment Company, Abu Dhabi's second-biggest SW...
Skewed transmission of rates makes it tough for borrowers | Economic Times
October 24, 2022
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Skewed transmission of rates makes it tough for borrowers https://ift.tt/S4GoLRq Bank of India (RBI) data showed that banks have promptly passed on the 140-basis-point increase in the repo rate in the first half of the current fiscal, while new deposit rates have only increased by 91 basis points. One basis point is 0.01 percentage poin...
Oil prices edge higher as US dollar eases | Economic Times
October 24, 2022
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Oil prices edge higher as US dollar eases https://ift.tt/5FXnrwM benchmark Brent crude futures gained 12 cents to $93.38 per barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures rose 22 cents to $84.80 per barrel. U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly S&P...
Samvat 2079 looks more promising for Nifty bulls than last year. Here’s why | Economic Times
October 24, 2022
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Samvat 2079 looks more promising for Nifty bulls than last year. Here’s why https://ifttt.com/images/no_image_card.png“The Indian market has been outperforming the global markets as of now and we anticipate a decent rise in the next one year with targets of 20,500-21,000 anticipated since the last one year has been stagnant and with a breakout above 18,600 zone,...
Sunday, October 23, 2022
History tells us that FIIs have been net sellers in only four calendar years since 2003 | Economic Times
October 23, 2022
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History tells us that FIIs have been net sellers in only four calendar years since 2003 https://ift.tt/MDAIfc8 the last few years, any reference to an increase in interest rates in the US led to a short-term rout in stock markets of many countries including India, and thus the acceptance of the above phrase on Fed sneezin...
Private banks' profit margins soar in Q2 | Economic Times
October 23, 2022
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Private banks' profit margins soar in Q2 https://ift.tt/KULh7Ty Bank reported a 31-basis-point increase in NIM to 4.31% in the September quarter from a year earlier. NIM is the difference between the yield a bank earns on loans and the interest it pays on deposits, and is considered a key matrix to judge bank profitability. One basis point is 0.01 percentage...
Undeterred by global central banks' moves, long-term FPIs stay put in Indian equities | Economic Times
October 23, 2022
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Undeterred by global central banks' moves, long-term FPIs stay put in Indian equities https://ift.tt/eZp5A0E share of sticky foreign funds - these include global central banks, pension funds, sovereign funds, and entities where a majority stake is owned by governments - in equity assets held by foreign portfolio investors rose to a record 24.30% last month,...
Trader's Guide: These 2 stocks can rise up to 6% in near-term | Economic Times
October 23, 2022
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Trader's Guide: These 2 stocks can rise up to 6% in near-term https://ift.tt/eZp5A0E markets managed to stay above crucial support levels on Friday, coming off the high point of the day. Monday is a Mahurat session that generally stays quiet and positive but is more symbolic in nature. However, with strong and stable global markets, the domestic ones are likely...
RBI continues to shop for US bonds for 4th month in a row | Economic Times
October 23, 2022
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RBI continues to shop for US bonds for 4th month in a row https://ift.tt/PG0A9tY in US treasury has a twin advantage at a time when the US Federal Reserve is increasing rates and the dollar is getting stronger, said Bank of Baroda chief economist Madan Sabnavis. It helps gain higher returns in the long term. "Also, investment value remains strong. Any other...
Salman Rushdie lives, but loses use of eye and hand | Economic Times
October 23, 2022
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Salman Rushdie lives, but loses use of eye and hand https://ift.tt/debHkGi, 75, spent years in hiding after Iran's Ayatollah Ruhollah Khomeini issued a 1989 edict, a fatwa, calling for his death after publication of his novel "The Satanic Verses," which some Muslims consider blasphemous. Over the past two decades, Rushdie has traveled freel...
Retail community set to be “happy investor” in Samvat 2079 | Economic Times
October 23, 2022
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Retail community set to be “happy investor” in Samvat 2079 https://ift.tt/6TESi3s relentless flows from these investors alongside domestic institutions has been nothing less than a saviour for the Indian market.“Retail investors have always been considered as conservative in a volatile and uncertain environment,” said Vivek Goel, co-founder and joint MD at...
Path to Wealth Creation for Samvat 2079: Sustainable, Responsible and Impactful investing | Economic Times
October 23, 2022
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Path to Wealth Creation for Samvat 2079: Sustainable, Responsible and Impactful investing https://ift.tt/CQVWLs2 wants to make money, but they want to do it now. The lure of quick cash and high returns makes people invest in the stock markets. Most retail investors enter the markets attracted by the promise of hot tips that assure exponential returns. However,...
Saturday, October 22, 2022
Wondering what to buy amid rise in inflation? Vinod Nair highlights 4 safe sectors to bet on | Economic Times
October 22, 2022
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Wondering what to buy amid rise in inflation? Vinod Nair highlights 4 safe sectors to bet on https://ift.tt/A7nad4w India is in a better position, high inflation in the rest of the world will have a cascading effect on the domestic economy and the stock market.It is logical to invest in areas that are less elastic to high inflation like service providers as...
FIIs sold Indian stocks worth Rs 7,000 cr in 3 sectors. Will it worsen in Samvat 2079? | Economic Times
October 22, 2022
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FIIs sold Indian stocks worth Rs 7,000 cr in 3 sectors. Will it worsen in Samvat 2079? https://ift.tt/M2bw6h1 India being the only market offering growth and stability along with status of least depreciating currency, analysts said we may not see major withdrawal of foreign funds from equities. “On a full year basis, we may not see FII flows in the next Samvat...
India becoming a single country allocation; offering unbeatable combination to FPIs: Nilesh Shah | Economic Times
October 22, 2022
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India becoming a single country allocation; offering unbeatable combination to FPIs: Nilesh Shah https://ifttt.com/images/no_image_card.png“India is transiting from being a part of global emerging markets to becoming a single country allocation. We will get money on our fundamentals, on our earnings growth no matter what happens to the emerging markets if we...
F&O expiry, Q2 earnings, Ukraine war among 7 factors to guide markets next week | Economic Times
October 22, 2022
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F&O expiry, Q2 earnings, Ukraine war among 7 factors to guide markets next week https://ift.tt/h8MxIdG BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index India VIX slipped below 18-levels. On the sectoral front, buoyancy on the banking front combined with a buying in select IT,...
'Too late': Escape routes close on Ukraine's new front | Economic Times
October 22, 2022
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'Too late': Escape routes close on Ukraine's new front https://ift.tt/okJEZsc Ukrainian counteroffensive that saw the Russians give up most of the land they grabbed in the north of the vast war zone has reached the strategically vital south. And the great Dnieper river running across the battle-engulfed country is forming a natural new front that is splitting...
Sebi bars Bombay Dyeing, Ness Wadia, others from securities market for up to 2 yrs; imposes fines of Rs 15.75 cr | Economic Times
October 22, 2022
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Sebi bars Bombay Dyeing, Ness Wadia, others from securities market for up to 2 yrs; imposes fines of Rs 15.75 cr https://ifttt.com/images/no_image_card.png"The planned reduction of shareholding in Scal to 19 per cent to avoid consolidation of financial statements of Scal, execution of non-genuine sales to Scal through MoU's, granting deferment of payment to...
Should you buy gold despite surge in US dollar? | Economic Times
October 22, 2022
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Should you buy gold despite surge in US dollar? https://ift.tt/OByFE7U, prevailing high domestic demand and weak currency continue to support domestic prices. Though Indian gold prices generally depend on foreign benchmarks, domestic demand, fluctuations in the value of the Indian rupee, and government policies can experience significant price variatio...
Wall St Week Ahead: Megacap earnings to test fledgling U.S. stock rebound | Economic Times
October 22, 2022
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Wall St Week Ahead: Megacap earnings to test fledgling U.S. stock rebound https://ift.tt/PRYXpgB, soaring U.S. bond yields are pressuring valuations and complicating the picture for tech and other growth stocks, whose expected future earnings are discounted steeply by higher yields. Yields continued to rise this week, with the yield on the benchmark 10-year...
How to invest when a recession in lurking in the shadows | Economic Times
October 22, 2022
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How to invest when a recession in lurking in the shadows https://ift.tt/ComM5Py is forward looking. There are a number of ways to interpret current trends that provide a fairly positive outlook for investing, depending on the type of slowdown that may be coming and on your horizon as an investor. None are certain, but these narratives are spreading in the markets...
Friday, October 21, 2022
Axis bank shares hit new high, analysts raise price targets | Economic Times
October 21, 2022
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Axis bank shares hit new high, analysts raise price targets https://ift.tt/ulMNK5r Bank delivered surprises at one go. Sustenance of performance hereon to drive further rerating," said ICICI Securities in a client note. "The Q2FY23 earnings surpassed our and consensus expectations by a wide margin. Surprise on NIM and visibility on sustainability of operating...
China summons chip firms for emergency talks after US curbs | Economic Times
October 21, 2022
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China summons chip firms for emergency talks after US curbs https://ift.tt/6NYOtpb Ministry of Industry and Information Technology has summoned executives from firms including Yangtze Memory Technologies Co. and supercomputer specialist Dawning Information Industry Co. into closed-door meetings since Washington unveiled measures to contain China's technological...
Bleak UK shopping and borrowing data underscore challenge for new PM | Economic Times
October 21, 2022
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Bleak UK shopping and borrowing data underscore challenge for new PM https://ift.tt/ebnkPip published on Friday added to signs that Britain's economy faces a recession which could be deepened by new finance minister Jeremy Hunt's plans to stem a crisis in financial markets after the brief term of Prime Minister Liz Truss. Retail sales volumes fell by 1.4% from...
Countries interested in rupee settlement mechanism: RBI deputy governor | Economic Times
October 21, 2022
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Countries interested in rupee settlement mechanism: RBI deputy governor https://ifttt.com/images/no_image_card.png"Increased use of rupee in cross-border transactions requires a unified global market in rupee both in interest rates and currencies. Such unification would not only improve depth and liquidity of our markets, but they would also facilitate uniform...
Thursday, October 20, 2022
Wall Street ends lower as Fed worries outweigh earnings | Economic Times
October 20, 2022
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Wall Street ends lower as Fed worries outweigh earnings https://ift.tt/qicoxPw have been under pressure this year as concerns about the impact of the Fed's aggressive path of interest rate hikes on corporate earnings and the overall economy have mounted as the central bank tries to quell stubbornly high inflatio...
FPIs add construction, power, health stocks in October | Economic Times
October 20, 2022
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FPIs add construction, power, health stocks in October https://ift.tt/pWMGOg0 to NSDL data, foreign portfolio investors (FPIs) bought shares worth ₹565 crore in construction material stocks, ₹323 crore in power stocks, and ₹309 crore in capital goods stocks. These investors, who sold ₹9,199 crore worth of shares in IT stocks in September 2022, further offloaded...
Axis Bank net surges 66% in Q2, asset quality improves | Economic Times
October 20, 2022
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Axis Bank net surges 66% in Q2, asset quality improves https://ift.tt/PojOmxk Amitabh Chaudhry said strong profitability, adequate capital and good prospects for growth mean the bank is in no hurry to raise money to fund its acquisition of Citibank's retail business announced earlier this yea...
Varun Beverages, ABB, Page Inds and Tata Elxsi tipped to be large-caps | Economic Times
October 20, 2022
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Varun Beverages, ABB, Page Inds and Tata Elxsi tipped to be large-caps https://ift.tt/Ii9YqsQ will officially announce the new list in the first week of January 2023, which will be valid from February to July 2023. Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, and Bandhan Bank are expected to move from large-cap to mid-cap, according to Nuvam...
Analysts up IndusInd targets, but stock falls | Economic Times
October 20, 2022
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Analysts up IndusInd targets, but stock falls https://ift.tt/2qe18Es Stanley remains overweight on the stock with a target price of ₹1,475 apiece. "Margin improved quarter-on-quarter despite higher rates," Morgan Stanley said in a client note. "(The) management guided to growth acceleration and better loan mix, asset quality. We raise estimates while valuations...
UltraTech has the right mix to take on competition | Economic Times
October 20, 2022
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UltraTech has the right mix to take on competition https://ift.tt/Xe2Jhai company plans to add 15.4 MT capacity in the second half of the current fiscal year which will take its total capacity to 131 MT. The announcement comes in the backdrop of the Adani Group’s strategy to acquire asset...
Nominations open for new UK PM to replace Liz Truss, cut-off set at 100 MPs | Economic Times
October 20, 2022
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Nominations open for new UK PM to replace Liz Truss, cut-off set at 100 MPs https://ift.tt/MYdSizU Brady, chair of the 1922 Backbench Committee in charge of Tory elections, said that potential candidates are expected to file their nominations by 2 pm local time on Monday for a final two contestants to be shortlisted. Unless there is parliamentary consensus struck...
Wednesday, October 19, 2022
Big Movers on D-St: What should investors do with IDFC First Bank, Nestle India, and ITC? | Economic Times
October 19, 2022
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Big Movers on D-St: What should investors do with IDFC First Bank, Nestle India, and ITC? https://ift.tt/Xe2Jhai top and bottomline of the corporation could increase by double digits though margins could be under pressure. Technically, the stock has broken out of Rs 322 on the monthly charts, and more gains are anticipate...
Stocks in the news: IndusInd Bank, Bajaj Finance, Asian Paints, ITC and more | Economic Times
October 19, 2022
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Stocks in the news: IndusInd Bank, Bajaj Finance, Asian Paints, ITC and more https://ift.tt/8P0MNUC Paints will announce its quarterly numbers today. Helped by the increase in prices as well as continued gains in market share, the paint manufacturer is expected to log double-digit growth in sale...
US stocks close lower as rise in yields overshadows earnings | Economic Times
October 19, 2022
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US stocks close lower as rise in yields overshadows earnings https://ifttt.com/images/no_image_card.png"Ultimately earnings drives stocks but when they are being overshadowed it is tough to have that optimism, but ultimately good earnings will lead to stocks going higher, it is a matter of how much the macroeconomic picture is going to continue to hurt those...
Famed 60/40 portfolio is so beaten down it's almost cheap again | Economic Times
October 19, 2022
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Famed 60/40 portfolio is so beaten down it's almost cheap again https://ift.tt/l4o03Sh were coming off historically high valuations for both equities and fixed income," Marvin Loh, senior macro strategist at State Street Global Markets, said in an interview. But the strategy could soon start to do what it's supposed to do, he added, "because you're getting in...
Tuesday, October 18, 2022
Netflix reverses subscriber slump, shares surge 14% | Economic Times
October 18, 2022
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Netflix reverses subscriber slump, shares surge 14% https://ift.tt/iWa0Qv9 estimated that competitors would end 2022 with combined operating losses of "well over $10 billion," compared with Netflix's annual operating profit of $5 billion to $6 billio...
Stocks in the news: TechM, Tata Motors, Adani Enterprises, Nestle, ICICI Lombard and ZEEL | Economic Times
October 18, 2022
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Stocks in the news: TechM, Tata Motors, Adani Enterprises, Nestle, ICICI Lombard and ZEEL https://ift.tt/AhmgMJy, UltraTech Cement, IndusInd Bank, Havells, AU Small Finance Bank, HDFC AMC, Persistent Systems, Metro Brands and Oracle Financial Services Software are among the companies that will announce their results for September 2022 quarter toda...
What changed for market while you were sleeping | Economic Times
October 18, 2022
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What changed for market while you were sleeping https://ift.tt/hcAMwYB stocks had a mixed open on Wednesday as traders assessed a solid start to the corporate-earnings season that helped extend a rally in US market...
Gold prices edge lower on steady dollar, Fed rate-hike jitters | Economic Times
October 18, 2022
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Gold prices edge lower on steady dollar, Fed rate-hike jitters https://ift.tt/zV9vnkc central bank sees no need in raising gold holdings in its gold and forex reserves, its deputy governor, Alexei Zabotkin said on Tuesday, shrugging off a plea from the gold miners to increase state purchases amid Western sanction...
Goldman, Lockheed results buoy Wall Street | Economic Times
October 18, 2022
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Goldman, Lockheed results buoy Wall Street https://ift.tt/tb638CS Fed's path has left many investors worried it could tilt the economy into a recession by making a policy mistake and raising rates too much. Fed officials have largely been in sync in comments about the need for the central bank to tamp down inflatio...
Indices surge to 3-week highs on global cues | Economic Times
October 18, 2022
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Indices surge to 3-week highs on global cues https://ift.tt/92UQHAa in Asia, most major indices rose 1-2%, while key averages in Europe were up 0.2-0.9%. In the US, the Dow Jones Industrial Average, the S&P 500 and Nasdaq Composite was up around 0.9% at the time of going to press. At home, the Nifty crossed a key hurdle of 17,400, while the Volatility Index...
DESH Bill likely to help SEZs make use of vacant space | Economic Times
October 18, 2022
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DESH Bill likely to help SEZs make use of vacant space https://ifttt.com/images/no_image_card.png"It's actually a step in the right direction and we are waiting for clarity from the government and introduction in Parliament very quickly. It was supposed to come out in the last session of Parliament but for some reasons it did not. But we are hopeful that in...
Monday, October 17, 2022
Stocks in the news: ACC, ICICI Lombard, PVR, Tata Coffee, ZEEL and Aster DM | Economic Times
October 17, 2022
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Stocks in the news: ACC, ICICI Lombard, PVR, Tata Coffee, ZEEL and Aster DM https://ift.tt/m3slkHM Lombard GIC, Schaeffler India, Gujarat Fluorochem, Polycab, LTTS, Tata Communications, KPIT Tech, HFCL, Mahindra CIE Automotive and Praj Industries are among the companies that will announce their results for September 2022 quarter toda...
What changed for market while you were sleeping | Economic Times
October 17, 2022
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What changed for market while you were sleeping https://ift.tt/zFA5RsL in Asia are set to follow Wall Street higher after the S&P 500 closed above a key technical level and the reversal of the UK’s vast fiscal stimulus bolstered global sentimen...
Govt may infuse ₹5,000 cr in state-run general insurers | Economic Times
October 17, 2022
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Govt may infuse ₹5,000 cr in state-run general insurers https://ift.tt/EIreDdw planned equity support is over and above the ₹5,000 crore already infused this year in National Insurance (₹3,700 crore), Oriental Insurance (₹ 1,200 crore) and United India Insurance (₹100 crore...
Bearish derivatives bets rise to levels seen at Covid onset | Economic Times
October 17, 2022
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Bearish derivatives bets rise to levels seen at Covid onset https://ift.tt/7BiVZSw institutions' net bearish positions at 74% of their total bets were the highest in the past three years, said analysts. FPIs have sold shares worth ₹21,000 crore since September 1, while DIIs bought shares worth ₹22,175 crore during this perio...
Fight against inflation will be prolonged and dogged: RBI | Economic Times
October 17, 2022
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Fight against inflation will be prolonged and dogged: RBI https://ift.tt/tb638CS Reserve Bank of India in its October Bulletin noted that India’s fight against ‘stubborn’ retail inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates and that it is fraught with uncertainties. However, going forward RBI expects...
HDFC could be out of Nifty by Dec-Jan; $1.5 billion outflow likely | Economic Times
October 17, 2022
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HDFC could be out of Nifty by Dec-Jan; $1.5 billion outflow likely https://ift.tt/tb638CS housing finance company with a 5.5% weight in the Nifty could see an outflow of around $1.3-1.5 billion from the passive funds once it's excluded from the benchmark, they said. Pidilite Industries and Ambuja Cements are among the top contenders to replace HDFC, said an...
SBI cuts savings deposit rate by 5 basis points to 2.70 per cent; BoB raises FCNR deposit rates | Economic Times
October 17, 2022
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SBI cuts savings deposit rate by 5 basis points to 2.70 per cent; BoB raises FCNR deposit rates https://ift.tt/tb638CS new saving rates are applicable on balances of less than Rs 10 crore, on which the bank earlier offered 2.75 per cent per annum interest. The lowering of rates on savings accounts by SBI comes at a time when the peer lenders have been raising...
JP Morgan elevates Kaustubh Kulkarni as India Chief | Economic Times
October 17, 2022
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JP Morgan elevates Kaustubh Kulkarni as India Chief https://ift.tt/gFQzTKm Morgan is aiming to gain higher footprint in local corporate lending and mergers and acquisitions as Indian becomes the fastest growing economy amid a global gloom and doom. Kaustubh Kulkarni has been a rainmaker for 24 years during which time he built a formidable leading investment...
Work generated under NREGS rises in September after 3-month fall | Economic Times
October 17, 2022
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Work generated under NREGS rises in September after 3-month fall https://ift.tt/kh5Rpri per data from the website of the rural development ministry, 14.2 million households got work under the Mahatma Gandhi National Rural Employment Guarantee scheme in September, a 3.6% increase from August. The person days of work generated at 175.7 million were 5.08% higher...
Sunday, October 16, 2022
How badly can a recession hurt India Inc? CEOs take a guess | Economic Times
October 16, 2022
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How badly can a recession hurt India Inc? CEOs take a guess https://ift.tt/Ln3aPS0 to the findings, 62% CEOs in India believe that a recession will upend anticipated growth, with around one-third of the CEOs saying their companies have also implemented a hiring freeze. However, taking a longer-term view, 79% CEOs expect their organisation headcount to increase...
Stocks to buy or sell today: 10 short-term trading ideas by experts for 17 October 2022 | Economic Times
October 16, 2022
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Stocks to buy or sell today: 10 short-term trading ideas by experts for 17 October 2022 https://ift.tt/g8EnjHF market is expected to open lower on Monday tracking muted global cues. The S&P BSE Sensex closed nearly 700 points higher on Friday while Nity50 closed just below 17200 levels. We have collated stocks from various experts for traders who have a...
Big Movers on D-St: What should investors do with Infosys, HDFC Bank and Avenue Supermarts? | Economic Times
October 16, 2022
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Big Movers on D-St: What should investors do with Infosys, HDFC Bank and Avenue Supermarts? https://ift.tt/YjSwOum counter witnessed a double bottom formation that shows a change in trend and a momentum reversal from the prior leading price action. The overall structure looks lucrative as it trades above its all-important moving average...
CEOs expect 10% hit to profit from a recession | Economic Times
October 16, 2022
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CEOs expect 10% hit to profit from a recession https://ift.tt/Ln3aPS0 to the findings, 62% CEOs in India believe that a recession will upend anticipated growth, with around one-third of the CEOs saying their companies have also implemented a hiring freeze. However, taking a longer-term view, 79% CEOs expect their organisation headcount to increase over the next...
Stocks in the news: Electronics Mart, HDFC Bank, DMart, Bajaj Auto and ACC | Economic Times
October 16, 2022
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Stocks in the news: Electronics Mart, HDFC Bank, DMart, Bajaj Auto and ACC https://ift.tt/5p3MUNB, Bank of Maharashtra, PVR, Can Fin Homes, Craftsman Automation, Heidelberg Cement, Spandana Sphoorty, Tata Coffee, Tata Metaliks and Oriental Hotels are among the companies that will announce their results for September 2022 quarter toda...
ReNew Power to invest Rs 30,000 cr to scale up green capacities: Chairman Sumant Sinha | Economic Times
October 16, 2022
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ReNew Power to invest Rs 30,000 cr to scale up green capacities: Chairman Sumant Sinha https://ift.tt/DZsV1NE Power, a subsidiary of ReNew Energy Global Plc, is one of the largest renewable energy independent power producers (IPPs) globally. The company currently has an aggregate capacity of 13.2 gigawatt (GW), including capacity already won in competitive ...
Global branding push for 400 items to boost exports | Economic Times
October 16, 2022
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Global branding push for 400 items to boost exports https://ift.tt/YjSwOum Department for Promotion of Industry and Internal Trade (DPIIT) plans to hold roadshows, car shows, product demonstrations and free product trials for products tagged with Geographical Indications (GI), as part of the pl...
Nifty Bank may continue to consolidate this week. What traders should do | Economic Times
October 16, 2022
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Nifty Bank may continue to consolidate this week. What traders should do https://ift.tt/PufICdG to the continued resilience shown by the banking index, the futures open interest has been relatively lower in Bank Nifty, and fresh shorts were not seen during the week. However, stock-specific significant Call writing positions are visible among PSU and private...
Saturday, October 15, 2022
With so much riding on the Fed's moves, it's hard to know how to invest | Economic Times
October 15, 2022
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With so much riding on the Fed's moves, it's hard to know how to invest https://ift.tt/RQvq6Yo at first seemed more confident that the Fed would reverse course, but anxiety returned as they worried about how much damage would be inflicted before that happened. Where the markets go from here, and how to position an investment portfolio, depend on whether and...
Friday, October 14, 2022
SIP inflows a saviour for Indian market, seen sustaining | Economic Times
October 14, 2022
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SIP inflows a saviour for Indian market, seen sustaining https://ifttt.com/images/no_image_card.png“The whole penetration story continues to play in the mutual fund industry and this is one of the reasons that is driving flows through the SIP route. Besides, SIP has become an alternative investment avenue, and has done well over a 3-year period,” said Sameer...
Making Sensex weaker, Rs 27,000 crore of FII money flew away after Fed’s last rate hike | Economic Times
October 14, 2022
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Making Sensex weaker, Rs 27,000 crore of FII money flew away after Fed’s last rate hike https://ifttt.com/images/no_image_card.png“India's valuations are expensive in the short-term, fair in the medium term and cheap from the long-term perspective. 20 PE for FY23 is expensive, but 17 PE for FY24 is fair and from a longer-term perspective India is cheap since...
Corporate Radar: HDFC Bank, L&T Infotech results, Hilton Metal board meeting and more | Economic Times
October 14, 2022
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Corporate Radar: HDFC Bank, L&T Infotech results, Hilton Metal board meeting and more https://ift.tt/YEKfxmT Facilities and Services’ board will meet for consideration of bonus share allotme...
Infosys surges 5% after strong Q2, can gain 15-20% in near term | Economic Times
October 14, 2022
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Infosys surges 5% after strong Q2, can gain 15-20% in near term https://ift.tt/9rmTMR4 analysts believe the company will continue gaining market share in technology adoption. Given strong deal wins, robust revenue guidance and a ₹9,300-crore buyback announcement, analysts said the stock has a 15-20% upside in the near term. The stock closed at ₹1,477 on Fri...
Wall Street Week Ahead: As US markets churn, some stick with rare 2022 winner: energy shares | Economic Times
October 14, 2022
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Wall Street Week Ahead: As US markets churn, some stick with rare 2022 winner: energy shares https://ift.tt/bWp9VCt also see any end to the selloff in broader markets, as stubborn inflation boosts expectations for more market-punishing rate hikes from the Federal Reserve and other central banks. The S&P 500 is down around 24% this year while bonds - as measured...
U.S. Treasury asks major banks if it should buy back bonds | Economic Times
October 14, 2022
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U.S. Treasury asks major banks if it should buy back bonds https://ift.tt/lfZSWMx Treasuries market has swelled from $5 trillion in 2007 and $17 trillion in early 2020, while banks are facing more regulatory constraints that they say make it more difficult to intermediate trade...
SAT grants interim relief to Brickwork Ratings | Economic Times
October 14, 2022
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SAT grants interim relief to Brickwork Ratings https://ift.tt/lfZSWMx punitive regulatory action came after Sebi observed the credit rating agency failed to follow the proper rating process and exercise due diligence while providing rating...
Bajaj Auto crosses Rs 10,000-crore revenue mark in Q2 as local sales double | Economic Times
October 14, 2022
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Bajaj Auto crosses Rs 10,000-crore revenue mark in Q2 as local sales double https://ift.tt/lfZSWMx manufacturer of the Pulsar and Platina motorcycles sold almost 1.2 million vehicles during the quarter, 23% more than the preceding quarter and 1% higher than a year earlier. Domestic sales almost doubled quarter-on-quarter to more than 694,000 units. Exports declined...
Airbus and Qatar Airways face off again in court over A350 | Economic Times
October 14, 2022
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Airbus and Qatar Airways face off again in court over A350 https://ift.tt/JmXxLBa Airways is suing Airbus over damage to the painted surface and anti-lightning system on A350 jets, saying safety could be at risk from a design defect. Airbus acknowledges quality flaws but denies design is at fault and insists the jets are saf...
Thursday, October 13, 2022
Golden Crossovers: These 4 stocks signal further bullishness | Economic Times
October 13, 2022
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Golden Crossovers: These 4 stocks signal further bullishness https://ift.tt/xsRGSoh the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on...
Bitcoin becoming less volatile than stocks raises warning flag | Economic Times
October 13, 2022
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Bitcoin becoming less volatile than stocks raises warning flag https://ift.tt/oPk2yKX trading volume has also slumped. Daily readings are hovering around $47 billion right now, down from more than $100 billion at the start of the year, according to data tracker CoinMarketCap.co...
Stocks in the news: Bajaj Auto, Infosys, HDFC Life, AR Wealth, MindTree and BHEL | Economic Times
October 13, 2022
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Stocks in the news: Bajaj Auto, Infosys, HDFC Life, AR Wealth, MindTree and BHEL https://ift.tt/t51Fc8i Auto, Shree Cement, Tata Elxsi, Oberoi Realty, Federal Bank, Just Dial, Spandana Sphoorty Financial, PLastiblends and Moneyboxx Finance are among the companies that will announce their results for September 2022 quarter toda...
Gold slides as U.S. inflation data boosts rate-hike bets | Economic Times
October 13, 2022
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Gold slides as U.S. inflation data boosts rate-hike bets https://ift.tt/LxJCR1S Fed is seen delivering another large rate hike in three weeks' time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after the inflation report. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced...
Tanla Platform fixes record date for share buyback, stock rallies 11% | Economic Times
October 13, 2022
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Tanla Platform fixes record date for share buyback, stock rallies 11% https://ift.tt/LxJCR1S company has proposed a buyback of 14,16,666 fully paid-up equity shares of the face value of Rs 1 each at Rs 1,200 per share through the tender offer proce...
Ahead of allotment, Electronics Mart India remains steady in grey market | Economic Times
October 13, 2022
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Ahead of allotment, Electronics Mart India remains steady in grey market https://ift.tt/HUjQPTi consumer electronics retailer is commanding a premium of Rs28-30 in the unofficial mark...
Wednesday, October 12, 2022
Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond? | Economic Times
October 12, 2022
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Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond? https://ift.tt/jXav7iD gauge India VIX shed about 2 per cent, whereas realty, FMCG and PSU indices gained 2 per cent, followed by one per cent rise in auto, power, utilities, IT and energy sectors eac...
Stocks in the news: ITC, Power Grid, PVR, Tata Power, BHEL and IT stocks | Economic Times
October 12, 2022
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Stocks in the news: ITC, Power Grid, PVR, Tata Power, BHEL and IT stocks https://ift.tt/eT9MtiE, MindTree, Angel One, Cyient, Anand Rathi Wealth, Den Networks, Aditya Birla Money, Roselabs Finance and more are among the companies that will announce their results for September 2022 quarter toda...
NSDL acquires 5.6% in Ecomm Platform ONDC for Rs 10 crore | Economic Times
October 12, 2022
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NSDL acquires 5.6% in Ecomm Platform ONDC for Rs 10 crore https://ift.tt/nbgBqhO to a release, NDSL has invested 10 crore to buy 1 million shares which translates to a 5.6% equity stake. ONDC is promoted by the Department for Promotion of Industry and Internal Trade and aims to provide a digital platform that aggregates sellers and buyers of various goo...
Fed officials commit to restrictive rates, but say calibration needed | Economic Times
October 12, 2022
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Fed officials commit to restrictive rates, but say calibration needed https://ift.tt/HUjQPTi minutes show a committee united on returning inflation back to the Fed's 2% target, while several policymakers urged caution as interest rates reached into restrictive territor...
Tuesday, October 11, 2022
Most analysts bullish on TCS after Q2 show beats Street forecast | Economic Times
October 11, 2022
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Most analysts bullish on TCS after Q2 show beats Street forecast https://ift.tt/iEW4e1Q largest IT exporter posted better-than-expected results for Q2. Revenue growth was 3.9% quarter on quarter (QoQ), better than the consensus estimate of 3.5%. Earnings before interest and tax (Ebit) margin at 24% was resilient, with 90 bps QoQ expansion, ahead of the consensus...
Stocks in the news: IndusInd Bank, Adani Enterprises, Dr Reddy's, Power Grid and IT bluechips | Economic Times
October 11, 2022
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Stocks in the news: IndusInd Bank, Adani Enterprises, Dr Reddy's, Power Grid and IT bluechips https://ift.tt/r6sSau3 Technologies, Wipro, National Standard (India), SW Solar, NxtDigital, Mangalam Industial Finance and Artson Engineering are among the companies that will announce their results for September 2022 quarter toda...
Two Options to play Infosys ahead of its Sept results | Economic Times
October 11, 2022
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Two Options to play Infosys ahead of its Sept results https://ift.tt/Qpofrtc are expecting Infosys to announce a share buyback of ₹8,000 crore to ₹10,000 crore. The buyback is expected to limit the downside in the near term, as the buyback price is likely to be at a significant premium to the current market price, according to analyst...
India's wealthy face a new hurdle to investing in offshore funds via LRS | Economic Times
October 11, 2022
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India's wealthy face a new hurdle to investing in offshore funds via LRS https://ift.tt/7AiQgHp are specialised investment products that are tailor-made for ultra-high-net-worth individuals and they invest predominantly in unlisted securities. Venture capital funds and private equity funds are sub-types of AIF...
Goldman Sachs Investment buys 0.9% stake in IndusInd Ban | Economic Times
October 11, 2022
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Goldman Sachs Investment buys 0.9% stake in IndusInd Ban https://ift.tt/hTvMlGE Sachs, through its Singapore entity, held 1.2 per cent stake in the private sector lender as on June 30. Foreign investors holdings in the lender are quite high at 45.83...
Most analysts bullish on TCS after Q2 show beats Street forecast | Economic Times
October 11, 2022
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Most analysts bullish on TCS after Q2 show beats Street forecast https://ift.tt/iEW4e1Q largest IT exporter posted better-than-expected results for Q2. Revenue growth was 3.9% quarter on quarter (QoQ), better than the consensus estimate of 3.5%. Earnings before interest and tax (Ebit) margin at 24% was resilient, with 90 bps QoQ expansion, ahead of the consensus...
Sit on cash for now, but stocks alone can beat inflation, says Julius Baer CEO | Economic Times
October 11, 2022
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Sit on cash for now, but stocks alone can beat inflation, says Julius Baer CEO https://ift.tt/zEFd6lH is something that no one has a playbook for, at least not since the 1970s energy crisis. The most important thing is to be stable. I think we're still at a point where the scenarios diverge widely. We always tell our clients about the need to be investe...
Iran protests hit fresh orders for tea, basmati | Economic Times
October 11, 2022
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Iran protests hit fresh orders for tea, basmati https://ift.tt/rdmHBqs insiders said Iranian buyers have stopped giving fresh orders as they are keeping a close watch on the developments in the country where the situation is tense with protests spreading and the government intensifying crackdown on protester...
These 4 infra companies with healthy RoEs surge up to 170% in 3 years. Do you own any? | Economic Times
October 11, 2022
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These 4 infra companies with healthy RoEs surge up to 170% in 3 years. Do you own any? https://ift.tt/ECJKsNl infrastructure and road companies are likely to see good order flow in the second half of the financial year as compared to the first half, said Axis Securities in a research report. In the current quarter, the companies' EBIDTA margins are likely to...
Electronics Mart India IPO: Here's how to check allotment status & GMP | Economic Times
October 11, 2022
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Electronics Mart India IPO: Here's how to check allotment status & GMP https://ift.tt/15mFPHg who could not get allotment in the IPO may see the initialization of refunds on October 13. Others, who would be allotted shares may see the credit of shares in the demat account by October 14. The listing of the IPO is likely on October 1...
Monday, October 10, 2022
Golden Crossovers: These 6 stocks signal further bullishness | Economic Times
October 10, 2022
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Golden Crossovers: These 6 stocks signal further bullishness https://ifttt.com/images/no_image_card.pngIn the Nifty 500 pack, six stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term...
Gold flat as firm dollar, U.S. rate-hike outlook dent appeal | Economic Times
October 10, 2022
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Gold flat as firm dollar, U.S. rate-hike outlook dent appeal https://ift.tt/ECJKsNl U.S central bank is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and...
Bajaj Auto buys back shares worth Rs 2,499.97 cr | Economic Times
October 10, 2022
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Bajaj Auto buys back shares worth Rs 2,499.97 cr https://ift.tt/ECJKsNl company's board at its meeting held on June 27, 2022 had approved the proposal for buyback of the fully paid up equity shares of face value of Rs 10 each from existing shareholders except promoters, promoter group and persons in control of the company from open market at a price not exceeding...
Hero Moto’s EV strategy may not fetch desired results | Economic Times
October 10, 2022
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Hero Moto’s EV strategy may not fetch desired results https://ift.tt/kfog39j plans to produce 30,000-40,000 Vida scooters in the first year of production. However, the pricing may make it an uphill task to reach that level of productio...
September deluge stalls kharif harvesting, damages crops | Economic Times
October 10, 2022
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September deluge stalls kharif harvesting, damages crops https://ifttt.com/images/no_image_card.png"The impact of this untimely rain will not be good for the standing crop. The quality will go down and the colour will change. The marketing edge will be lost," said agriculture expert Devinder Sharma. It can also delay sowing for the next season, especially of...
Sunday, October 9, 2022
RBI sells dollars as rupee hits record low on U.S. rate hike woes | Economic Times
October 09, 2022
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RBI sells dollars as rupee hits record low on U.S. rate hike woes https://ift.tt/xMgIFeV rupee hit a record low of 82.6825, before easing to last trade at 82.38. It is now only marginally lower from 82.32 in the previous session. The rupee went from less than 82.60 to above 82.40 in the space of less than ten minute...
Tracxn Technologies IPO kicks off: Here's what brokerages have to say | Economic Times
October 09, 2022
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Tracxn Technologies IPO kicks off: Here's what brokerages have to say https://ift.tt/xMgIFeV Bengaluru-based Tracxn Technologies is selling its shares in the range of Rs 75-80 apiece and the issue is entirely an offer for sale (OFS) of up to 38,672,208 equity shares by the promoters and existing shareholders of the company. Founded in 2013, Tracxn Technologies...
Trader's Guide: These 2 stocks can rise up to 11% in near-term, say analysts | Economic Times
October 09, 2022
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Trader's Guide: These 2 stocks can rise up to 11% in near-term, say analysts https://ift.tt/xMgIFeV attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line....
Big Movers on D-Street: What should investors do with Tejas Networks, Mazagon Dock and TCS? | Economic Times
October 09, 2022
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Big Movers on D-Street: What should investors do with Tejas Networks, Mazagon Dock and TCS? https://ift.tt/xMgIFeV counter is witnessing a breakout from a long consolidation and a triangle pattern formation on the daily timeframe. The overall structure is remunerative as it trades above its all-important moving average...
Stocks in the news: TCS, HCL Tech, HDFC, Tata Motors, HUL and Ambuja Cements | Economic Times
October 09, 2022
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Stocks in the news: TCS, HCL Tech, HDFC, Tata Motors, HUL and Ambuja Cements https://ift.tt/fkBh8G2 Group's IT major Tata Consultancy Services, will officially kick-off earning season of India Inc. It will announce its results for the quarter ended September 30, 202...
Bharat Forge in for more parts orders from N America, and a boost for shares | Economic Times
October 09, 2022
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Bharat Forge in for more parts orders from N America, and a boost for shares https://ift.tt/xMgIFeV emerging earnings upside due to likely higher exports of commercial vehicle components could help Bharat Forge shares break the tight range they have been trading in for the past six months and move the price-earnings multiple towards its long-term averag...
A Rs 12,000 crore IPO fest's coming to Dalal Street | Economic Times
October 09, 2022
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A Rs 12,000 crore IPO fest's coming to Dalal Street https://ift.tt/jbiG54u a few IPOs launched in May struggled to sail through, investors and companies turned cautious amid a weak secondary market. While there were no IPOs in June and July, only six companies have since made initial public share sales, raising about ₹3,500 cror...
Market outlook: Select defensive pockets to outperform next week, cautiously positive approach advised | Economic Times
October 09, 2022
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Market outlook: Select defensive pockets to outperform next week, cautiously positive approach advised https://ift.tt/xMgIFeV week before the previous week had seen Nifty bouncing off from the 20-week MA which stands at 16,854. It had halted its move near the 50-week MA. This week, it moved above that level as well. The 50-week MA positions itself at 17,08...
Debutante Ball! 9 SME IPOs to get listed on stock exchanges on Monday | Economic Times
October 09, 2022
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Debutante Ball! 9 SME IPOs to get listed on stock exchanges on Monday https://ift.tt/vy3SqP0 the volatile market conditions, the initial public offering (IPO) continues to see new offerings from diverse sectors. Dalal Street is heading for a busy time as 9 small and medium enterprises (SME) IPOs are going to list on the BSE and NSE on Monda...
Q2 results this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Bank, others | Economic Times
October 09, 2022
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Q2 results this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Bank, others https://ift.tt/8Id7jS3 earnings will be led by the banking and finance, consumer, and automobile sectors and dragged down by commodity sectors such as metals and oil and gas, said Gautam Duggad, institutional research head at Motilal Oswal Financial Service...
Saturday, October 8, 2022
Q2 results this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Bank, others | Economic Times
October 08, 2022
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Q2 results this week: TCS, Infosys, Bajaj Auto, Tata Elxsi, HDFC Bank, others https://ift.tt/8Id7jS3 earnings will be led by the banking and finance, consumer, and automobile sectors and dragged down by commodity sectors such as metals and oil and gas, said Gautam Duggad, institutional research head at Motilal Oswal Financial Service...
Pulses to remain benign in short-term on expectations of new crop arrival | Economic Times
October 08, 2022
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Pulses to remain benign in short-term on expectations of new crop arrival https://ift.tt/0nmwpN2 forward, due to the onset of Kharif crops' arrival, prices are likely to remain steady during October-December 2022 quarter, as we witnessed during most of September 2022, wherein prices capped 2 per cent range. Now, much will depend on Rabi Crop Planting’s intention,...
Equity investors aren't happy with better-than-expected US jobs data. Here's why | Economic Times
October 08, 2022
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Equity investors aren't happy with better-than-expected US jobs data. Here's why https://ift.tt/6pXyHOd at the Federal Reserve have been keeping a close eye on hiring and wages as they proceed with a series of rate increases meant to combat inflation. The job data indicates that, for now, they are doing so without tipping the economy into a recession that would...
Investors fleeing to cash like it's 2020: BoFA strategists | Economic Times
October 08, 2022
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Investors fleeing to cash like it's 2020: BoFA strategists https://ift.tt/2x1XG7v Suisse Group strategists said this week that earnings faced an "extreme" risk and that stock funds had yet to see "significant" outflows - all implying further declines in the S&P 50...
Friday, October 7, 2022
Top 17 BSE500 stocks turned investors wealthier this week; Will the momentum sustain? | Economic Times
October 07, 2022
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Top 17 BSE500 stocks turned investors wealthier this week; Will the momentum sustain? https://ift.tt/wzcolZm several stocks in the midcap and smallcap space having seen multi-fold rise in prices, a section of the market believes that one should take calculative bets in these stocks and book profits at current level...
Better-than-expected Q2 outlook sends Titan stock surging over 5% | Economic Times
October 07, 2022
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Better-than-expected Q2 outlook sends Titan stock surging over 5% https://ift.tt/deo7LzV was among the most actively traded stock futures contract on Friday after the optimistic sales update as traders added fresh bullish bet...
Rupee falls to lifetime low, bond yields climb | Economic Times
October 07, 2022
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Rupee falls to lifetime low, bond yields climb https://ift.tt/fAPXuEL rupee plunged to a new lifetime low of 82.43 a dollar Friday. It lost more than half a percentage point to close at 82.33, the unit's lowest ever closing level, Bloomberg data compiled by ETIG showe...
Thursday, October 6, 2022
Wall Street closes lower as the Fed pounds rate hike drum | Economic Times
October 06, 2022
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Wall Street closes lower as the Fed pounds rate hike drum https://ift.tt/sKG63Ja labor market remains tight even as demand begins to cool amid higher rates. On Friday the nonfarm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plan...
New CSR disclosure rules let companies omit key details | Economic Times
October 06, 2022
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New CSR disclosure rules let companies omit key details https://ift.tt/sKG63Ja details omitted include the name, the location and duration of the company’s CSR project, the amount allocated for the project, the amount spent in the current financial year on the project, mode of implementation, the name of the implementing agency along with their CSR registration...
HUL market cap at 67% of parent Unilever's | Economic Times
October 06, 2022
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HUL market cap at 67% of parent Unilever's https://ift.tt/D0OUKV1 the past five years, the valuation of the Indian FMCG major has more than doubled while parent Unilever's market capitalisation has declined consistently since reaching a peak of $180 billion in October 2017. Unilever holds 62% in HU...
Wednesday, October 5, 2022
D-Street gung-ho on Zee stock as CCI approves merger with Sony | Economic Times
October 05, 2022
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D-Street gung-ho on Zee stock as CCI approves merger with Sony https://ift.tt/gbWyaht believe the parties may offer to shut channels but overall revenue impact could be minimal as these channels may be based on a push demand and not pull demand by customers, said Karan Taurani from Elara Capital. He maintained a positive stance on Ze...
Golden Crossovers: These 6 stocks signal further bullishness | Economic Times
October 05, 2022
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Golden Crossovers: These 6 stocks signal further bullishness https://ift.tt/D0OUKV1 the NSE list of stocks with a market cap over Rs 1,000 crore, six stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses...
SpiceJet jumps over 9% on report of likely Rs 1,000 cr govt loan | Economic Times
October 05, 2022
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SpiceJet jumps over 9% on report of likely Rs 1,000 cr govt loan https://ift.tt/h57Fq9L executives said that the fund will be used to make lease payments to induct new Boeing 737 Max aircraft and clear outstanding statutory dues like the employee provident fund. "This will take care of the survivability question of the airline once and for all," said an airline...
Trader's Guide: These 2 IT largecaps have 6% upside potential, suggest tech charts | Economic Times
October 05, 2022
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Trader's Guide: These 2 IT largecaps have 6% upside potential, suggest tech charts https://ift.tt/CxK098t markets, which would open after a gap of one day, are likely to open on a strong note following strong global markets. Among the sectors that have recently underperformed on relative terms, IT stocks are showing a good resumption of momentum on the upsi...
Fed's Daly sets high bar for slowing rate hikes | Economic Times
October 05, 2022
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Fed's Daly sets high bar for slowing rate hikes https://ift.tt/qy39IVL home the point, she added that it's "really challenging" to slow the pace of policy tightening amid rising core inflation. Consumer price inflation excluding food and energy rose 6.3% in the 12 months through August, marking an acceleration from 5.9% in the 12 months through Jul...
Is the stock market rally a case of dead cat bounce or festive cheer? | Economic Times
October 05, 2022
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Is the stock market rally a case of dead cat bounce or festive cheer? https://ift.tt/JGVAkyB rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dolla...
Russian oil price cap will give buyers leverage: US official | Economic Times
October 05, 2022
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Russian oil price cap will give buyers leverage: US official https://ift.tt/JGVAkyB price cap plan agreed by G7 wealthy nations calls for participating countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products. The European Union is looking at an oil price...
Will Q3 be better than Q2 for D-St? Top stocks to buy in the Oct-Dec quarter | Economic Times
October 05, 2022
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Will Q3 be better than Q2 for D-St? Top stocks to buy in the Oct-Dec quarter https://ift.tt/FvSAVRg gained over 9% in September quarter even as Fed’s ultra-hawkish move led to heavy sell-off. Domestic brokerage ICICI Direct amid global headwinds, expects anxiety around the global volatility to settle down in coming weeks. Further, it sees the index reclaiming...
Burn these 10 financial demons this Dussehra | Economic Times
October 05, 2022
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Burn these 10 financial demons this Dussehra https://ift.tt/BXSbIaP is the aim of financial planning. Every month you should start saving money before making any expenses. Aim to save at least 20% of your disposable income. Without mandatory savings, all your income becomes disposabl...
Tuesday, October 4, 2022
Mindblowing multibaggers that delivered up to 1500% return since last Dussehra | Economic Times
October 04, 2022
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Mindblowing multibaggers that delivered up to 1500% return since last Dussehra https://ift.tt/MwzlbpW stocks were the worst hit as the BSE IT index slumped over 22% during the period amid worries around the impact of the recession on margins as well as demand. The realty index was hit equally badly as interest rates began to ris...
Indian Rupee depreciation – Winners and losers | Economic Times
October 04, 2022
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Indian Rupee depreciation – Winners and losers https://ift.tt/1aUMrEN, net exporters, remittance receivers, or those with dollar incomes will gain, while net importers will get hit, when the currency weakens. Those with large foreign loans will see rupee interest costs rise. The equation is more complicated this time though as all currencies have depreciated...
Monday, October 3, 2022
Easy Trip Planners jumps 8% as board to consider bonus issue, stock split | Economic Times
October 03, 2022
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Easy Trip Planners jumps 8% as board to consider bonus issue, stock split https://ift.tt/P0JVHpv in 2008, Easy Trip Planners operates EaseMyTrip - the second largest online travel agency in India in terms of gross revenue. The platform is available as a website and mobile app. The travel agency offers a range of travel products and services and end-to-end travel...
Trader's Guide: 2 stocks that can jump 6% each in short term | Economic Times
October 03, 2022
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Trader's Guide: 2 stocks that can jump 6% each in short term https://ift.tt/0ofbWBK hospitality stock is attempting a breakout from the technical price pattern of a pennant. A breakout from such a pattern indicates a continuation of the ongoing trend and has the potential to move up by ~6%. The stock price has been comfortably moving above the multiple moving...
Stocks in the news: HDFC, Tata Steel, Britannia, Vedanta, Dr Reddy's and Adani Green | Economic Times
October 03, 2022
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Stocks in the news: HDFC, Tata Steel, Britannia, Vedanta, Dr Reddy's and Adani Green https://ift.tt/IOoHgr5, India's largest mortgage lender, said loans assigned in Q2FY23 stood at Rs 9,145 crore, up from Rs 7,132 crore in same period last year. All the loans assigned during the quarter were to HDFC Ban...
Lenders' provisional Q2 numbers indicate a strong credit growth | Economic Times
October 03, 2022
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Lenders' provisional Q2 numbers indicate a strong credit growth https://ift.tt/I61AqNk income from dividend for the July-September period of this fiscal was at ₹1,360 crore. The non-bank lender did not make any profits on sale of investments in the quarter under revie...
NHAI Investment Trust to raise ₹1,500 crore via bonds | Economic Times
October 03, 2022
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NHAI Investment Trust to raise ₹1,500 crore via bonds https://ift.tt/MNfwlmj NHIT had acquired three highway assets from the NHAI in the last week of September. In all it is seeking to raise ₹3,800 crore for this transaction through a mix of bond issuance, private placement, and bank loan during the second tranche of asset monetisatio...
Breakout from inverse head & shoulder pattern could push this pharma stock to fresh highs | Economic Times
October 03, 2022
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Breakout from inverse head & shoulder pattern could push this pharma stock to fresh highs https://ift.tt/MNfwlmj stock saw a vertical move to Rs 330 in August and post that it started consolidating. The recent price action helped the stock to break out of the consolidation range on daily charts since August and from an inverse head and shoulder pattern on...
Vedanta, Maruti among 7 money-making ideas for near term | Economic Times
October 03, 2022
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Vedanta, Maruti among 7 money-making ideas for near term https://ift.tt/FzxWbRY equity markets have been struggling to hold the momentum on the back of negative global cues led by rising inflation and recession worries. However, analysts suggest that traders can make money by initiating trades in select stocks on both sides. Based on their recommendations, here...
Brokerages on Reliance Industries, Delhivery and Infosys | Economic Times
October 03, 2022
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Brokerages on Reliance Industries, Delhivery and Infosys https://ift.tt/MNfwlmj global investment bank is of the view that margin-led EPS downgrades are likely to continue for the IT sector in Q2. QoQ growth rates should be in line or better than Q1, said the not...
Sunday, October 2, 2022
Nykaa board approves 5:1 bonus shares issue; stock surges 8% | Economic Times
October 02, 2022
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Nykaa board approves 5:1 bonus shares issue; stock surges 8% https://ift.tt/MNfwlmj board has fixed November 3, 2022, as the record date for determining investors’ eligibility for the bonus share...
Big Movers on D-St: What should investors do with Solar Industries, Granules India and PNB? | Economic Times
October 02, 2022
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Big Movers on D-St: What should investors do with Solar Industries, Granules India and PNB? https://ift.tt/MNfwlmj counter has witnessed a Channel breakout on the weekly chart and the stock is in the formation of higher highs and higher lows on the daily chart for the last four consecutive day...
Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million bpd | Economic Times
October 02, 2022
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Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million bpd https://ift.tt/85LqD2h prices have tumbled for four straight months since June as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging U.S. dollar weighed on global financial market...
Use ultra short-term funds to stay liquid, ride rate hikes | Economic Times
October 02, 2022
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Use ultra short-term funds to stay liquid, ride rate hikes https://ift.tt/b2druVP fund managers believe there are more hikes likely as globally, inflation continues to be a problem for central banks and the Fed is likely to raise rates even further. To protect its currency and make flows attractive, the RBI too would have to hike rate...
Navratri Special from Religare Broking: Godrej Consumer Products is a long-term buy; likely to hit Rs 1,100 mark | Economic Times
October 02, 2022
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Navratri Special from Religare Broking: Godrej Consumer Products is a long-term buy; likely to hit Rs 1,100 mark https://ift.tt/vqskmYV Consumer Products (GCPL) is part of the 124-year-young Godrej Group. The company operates under categories such as household insecticides, personal wash, hair care and air care.They have a strong presence in 3 emerging markets...
China’s $5 trillion rout creates historic gap with Indian stocks | Economic Times
October 02, 2022
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China’s $5 trillion rout creates historic gap with Indian stocks https://ift.tt/cwrUEjG veteran Mark Mobius has allocated a higher weight to India than China since the start of this year. Jupiter Asset Management says some of its emerging-market funds have India as their largest holding. M&G Investments (Singapore) Pte has made a “greater allocation” to...
FII flows, dollar index among key factors to dictate market move this week | Economic Times
October 02, 2022
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FII flows, dollar index among key factors to dictate market move this week https://ift.tt/FzxWbRY macro data will influence the trajectory of Indian equities. Gross revenue from goods and services tax (GST) in September logged 26% growth YoY, surging to Rs 1,47,686 crore. Also, the manufacturing PMI and services PMI for September due to be released on October...
Saturday, October 1, 2022
Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO | Economic Times
October 01, 2022
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Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO https://ift.tt/mSyfCBq the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock price performance with the Swiss firm’s “strong capital base and liquidity position.” The shares are hovering near a record low....
Govt issues draft guidelines for listing of RRBs; minimum net worth of Rs 300 cr required | Economic Times
October 01, 2022
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Govt issues draft guidelines for listing of RRBs; minimum net worth of Rs 300 cr required https://ift.tt/WiTJBud RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previous five years, according to the draft guidelines issued by the finance ministry recently.Besides, there should...
Irrespective of rate hike, invest in equities if you have a 5-year horizon: Pranit Arora | Economic Times
October 01, 2022
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Irrespective of rate hike, invest in equities if you have a 5-year horizon: Pranit Arora https://ifttt.com/images/no_image_card.png"As the dollar index keeps on rising, gold is becoming less and less attractive for other currency holders amid high volatility in equity markets. Therefore, for the upcoming festive season, the same volatility can be expected to...
China's Covid sneeze: Beijing is buying less from India and selling more | Economic Times
October 01, 2022
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China's Covid sneeze: Beijing is buying less from India and selling more https://ift.tt/WiTJBud January-August 2022 trade data confirms this trend. China’s share in India’s exports has come down from 6.5% in January-August 2021 to 3.5% in January-August 2022. Its share in India’s imports remains broadly the same at about 15...
NCLT disposed of insolvency cases involving nearly Rs 10.5 lakh crore: Justice Ramalingam Sudhakar | Economic Times
October 01, 2022
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NCLT disposed of insolvency cases involving nearly Rs 10.5 lakh crore: Justice Ramalingam Sudhakar https://ift.tt/y4gGTlZ amount was mentioned by tribunal's President Chief Justice (Retd) Ramalingam Sudhakar while delivering the sixth annual day lecture of Insolvency and Bankruptcy Board of India (IBBI). Under Sections 7, 9 and 10 of IBC, 25,225 cases involving...
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