Goldilocks hopes return to Wall Street after benign inflation report - 6 months ago
At the same time, there have been few indications that tighter monetary policy is severely hurting the economy, backing the idea that prices can cool further without damaging growth.
Economic Times

Some fund managers see merit in China's deeply discounted stocks - 6 months ago
U.S. asset manager Fidelity International is highlighting China's looser monetary policy and the government's recent 1 trillion yuan ($137.10 billion) borrowing-and-spending sovereign bond plan as a tailwind for the country's stock markets.
Economic Times

MSCI announces results of quarterly index review - 6 months ago
The three largest additions to the MSCI ACWI from developed markets will be Vertiv Holdings and Celsius Holdings from the United States, and Italy's Leonardo.
Economic Times

Investors increase holdings of weight-loss drug makers' shares in Q3 - 6 months ago
Shares of both companies have soared this year as Novo Nordisk's Wegovy and Ozempic and Eli Lilly's Mounjaro and Zepbound have been shown to help control blood sugar and dramatically lower weight.
Economic Times

As inflation cools, Fed seen pivoting to rate cuts in May - 6 months ago
Goolsbee didn't update his view on the appropriate rate path on Tuesday, though even before Tuesday's data he was not among Fed policymakers advocating for further policy tightening
Economic Times

Asian stocks surge, dollar slumps as traders cheer inflation surprise - 6 months ago
MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.9% in early trade. Japan's Nikkei was up 1.8%. Overnight the Nasdaq jumped 2.4%, bonds surged and the dollar slumped more than 1.6% on the euro.
Economic Times

Stock Radar: NTPC RSI oscillator has given a positive crossover hinting at positive momentum, says Ruchit Jain - 6 months ago
“NTPC stock is trading above key moving averages, price volume action is bullish and the RSI oscillator has given a positive crossover hinting at a positive momentum. Traders can buy for a target of Rs 255,” Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Stocks in news: Tata Motors, Grasim, ICICI Bank, Asian Paints, PTC Industries - 6 months ago
Grasim Industries reported 15% growth in its consolidated net profit at Rs 1164 crore for the September quarter, compared with Rs 1,009 crore in the year-ago period.
Economic Times

Power Grid Corporation projects capex of Rs 1.9 lakh crore by 2032 - 6 months ago
​In the renewable energy space, the company will add solar power projects, for which it has kept a sum of ₹1,000 crore in the same period. The company's capital expenditure target for the ongoing fiscal is ₹8,800 crore which may extend to ₹10,000 crore on the back of several projects we have received.
Economic Times

Four companies fined for failing to hire female directors - 6 months ago
The Registrar of Companies (RoC) under the MCA has imposed penalties of ₹485,000 each on JM Financial Properties and Holdings, Shankar Packagings and Krishna Solvechem and some of their key executives since mid-October, according to a copy of the RoC orders seen by ET.
Economic Times

PE companies trapped in China after $1.5-trillion bets - 6 months ago
Many firms are also looking at an alternative strategy, putting off sales by setting up so-called continuation funds to take over holdings for several more years, according to interviews with about a dozen of private equity investors and advisers. That's also proving challenging.
Economic Times

Bankers brace for smaller bonuses, no relief in 2024 too - 6 months ago
"Pay statements will be down moderately for most, in another disappointing year," Alan Johnson, managing director of Johnson Associates, said in an interview. Inflation will also make the declines seem even more dramatic, he said, as costs continue to rise.
Economic Times

Stock Radar: NTPC on verge of a breakout; likely to retest fresh record highs soon - 6 months ago
NTPC which is also part of the S&P BSE Sensex index hit a record high of Rs 251 on September 29, 2023, but it failed to hold on to the resistance.
Economic Times

ICICI Bank to get Jaiprakash Associates' 7.71% equity as latter's payment obligation - 6 months ago
Jaiprakash Associates is the flagship company of the Jaypee Group which is engaged in engineering & construction (E&C), cement, hospitality & real estate businesses. JAL is also the holding company for various subsidiaries engaged in cement, power, real estate and other diversified business activities.
Economic Times

US stocks surge at open after soft inflation data - 6 months ago
The S&P 500 opened higher by 47.42 points, or 1.07%, at 4,458.97, while the Nasdaq Composite gained 247.63 points, or 1.80%, to 14,015.37 at the opening bell.
Economic Times

What is a stock market? How are shares traded on a stock exchange? - 6 months ago
To understand stock markets, one needs to be aware of the whole system connected to it. There are stocks, exchanges, intermediaries and much more. But to start with markets - you need to know what markets are. Here's all you need to know.
Economic Times

Tata Technologies IPO to open for subscription on Nov 22: Key details to know - 6 months ago
Tata Technologies, which provides engineering and product development digital services, has said its initial public offering (IPO) will open for public subscription on November 22. The company, a unit of Tata Motors, filed the RHP (red herring prospectus) on November 13, 2023 with the Registrar of Companies, Maharashtra, Tata Motors said in a regulatory filing on Monday.
Economic Times

Market Trading Guide: Tata Power, Bank of Baroda among 5 stock recommendations for Wednesday - 6 months ago
Indian equity indices fell on Monday, weighed down by the heavyweight financial and IT stocks. The S&P BSE Sensex closed 0.50% lower at 64,933, while the NSE Nifty 50 index closed below the 19,450 level."The near-term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance around 19550-19600 levels, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19300-19250 levels" said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Wednesday:
Economic Times

Breakout Stocks: How to trade BSE, Torrent Power and PFC on Wednesday after they hit fresh highs - 6 months ago
The Indian market remained shut on Tuesday on account of a public holiday. Sectorally, buying was seen in metal, public sector, energy, utilities, and power stocks while selling was visible in IT, consumer durables, and healthcare stocks.
Economic Times

Paytm, Suzlon Energy and 7 other stocks likely to make a cut into MSCI index - 6 months ago
The latest rejig of the MSCI Global Standard Index gets into effect from November 30 and the announcement is scheduled on Wednesday, November 15 around 3:30 am India time.
Economic Times

Market Trading Guide: Tata Power, Bank of Baroda among 5 stocks recommendations for Wednesday - 6 months ago
Indian equity indices fell on Monday, weighed down by the heavyweight financial and IT stocks. The S&P BSE Sensex closed 0.50% lower at 64,933, while the NSE Nifty 50 index closed below the 19,450 level."The near-term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance around 19550-19600 levels, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19300-19250 levels" said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Wednesday:
Economic Times

European shares inch higher ahead of US inflation data - 6 months ago
European stocks edged higher on Tuesday, led by automobiles and basic resources shares, as investors geared up for a key U.S. inflation report that could offer more clarity on the Federal Reserve's monetary policy outlook.
Economic Times

LIC, 2 Adani stocks see highest decrease in retail shareholding in Q2 - 6 months ago
Even when the share of retail investors in companies listed on the NSE increased to an all-time high of 7.62% in the September quarter from 7.50% in the June quarter, the primeinfobase.com data suggests that they trimmed their stakes in many stocks. ETMarkets brings 10 stocks which witnessed the highest selling by retail investors in the quarter gone by on a sequential basis.
Economic Times

​Govt of Singapore, GQG Partners among the 10 biggest FIIs on Dalal Street - 6 months ago
A total of 390 foreign institutional investors (FIIs) are invested in companies listed on the NSE. These FIIs hold greater than 1% stake in the listed companies, according to data published by primeinfobase.com. FIIs are the largest non-promoter shareholders in the Indian market and their investment decisions have a huge bearing on the stock prices and overall direction of the market. At Rs 8.38 lakh crore, these FIIs account for just 14.50% of the overall FII holding of Rs 57.78 lakh crore. ETMarkets lists the top 10 FIIs in terms of their exposure to companies listed:
Economic Times

Hold them through Chinese headwinds: 5 chemical stocks with 'hold' reco and upside potential of up to 37% - 6 months ago
While they come under the broad umbrella word of “Chemical sector” the fact is that each specialty chemical company is literally an industry itself with its own operating matrix of supply chain and demand. There are some companies where the trouble in China means big bonus, while for others it might mean supply chain issues which means that their production in India’ get impacted. At this point there are many parts of the chemical industry which are facing headwinds due to oversupply and dumping by China. But are well prepared given multiple changes which some segments of the chemical sector have seen in India in just the last three years. We look at the stocks where analysts have “hold” recommendation at a time when chinese headwinds are blowing.
Economic Times

Hindustan Copper, Bajaj Auto among 10 stocks that saw highest stake sales by LIC in Q2 - 6 months ago
India's largest life insurer the Life Insurance Corporation of India (LIC) decreased its holding in 115 stocks during the quarter ended September 30, 2023. ETMarkets brings 10 stocks where LIC reduced its holdings the most as of the last quarter. The average stock price change during the quarter was 17.28% for these stocks.The state-run insurance company has more than 1% equity across 274 companies, according to Prime Infobase data. The data also states that LIC accounts for the largest share of investments in equities by insurance companies with 68% share out of a total Rs 11.72 lakh crore.
Economic Times

Money vs health: What would you choose in Samvat 2080? - 6 months ago
If you plan to have a baby at some point in the future, you would want to look at a policy offering maternity benefit, which will cover expenses relating to childbirth. Similarly, while opting for the sum insured, remember this policy should be able to serve you in the long run, which implies taking inflation into account.
Economic Times

For calculated risk takers: 5 midcap stocks from different sectors with potential upside of up to 35% - 6 months ago
In September and in October, there was one trading session each in which Midcaps witnessed very sharp correction. It appeared as we are close to repeating the last quarter of calendar year 2021, when in the same period, this segment of the market witnessed change in direction. While it cannot still be ruled out, the way things are panning out, the probability of that happening appears to be lower at least at this point of time. Stocks from sectors like small finance banks, oil refinery and housing finance companies are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Economic Times

Children’s Day: 9 ideas to start investing for your child’s future - 6 months ago
Developing a financial plan for children is crucial, as it ensures their long-term welfare, particularly when educational expenses are on the rise. Children’s Day serves as a call to action, making parents realise to prioritise financial planning for their children.
Economic Times

Samvat 2080: 5 market mavens share money-making mantra for the new year - 6 months ago
The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years.
Economic Times

MFs shunned these 10 mid, smallcap stocks for 3 months in a row; what should investors do? - 6 months ago
Mazagon Dock Shipbuilders, Bank of India, Thermax, Uno Minda, and Vedant Fashions are the five midcap stocks which saw mutual funds reducing their exposure for three months in a row, according to the data shared by Nuvama Institutional Equities.
Economic Times

Tata Tech, Flair Writing among 5 buzzing IPOs to watch out for in next 1 month - 6 months ago
With just two months to mark the end of what has been a robust year for the primary market, the pipeline of upcoming offers looks equally promising. As many as 10 companies are looking to launch their public offers in the next two months, with five of them creating a strong buzz in the market.
Economic Times

Top 10 stocks with highest FII holding by Q2 FY24. Do you own any? - 6 months ago
Foreign Institutional Investors' share by volume (in percentage terms) in companies listed on NSE went up marginally to 5.84% as of September 30, 2023, from 5.77% as of June 30, 2023, as per primeinfobase.com, an initiative of PRIME Database. As of September 30, 2023, FIIs' top holdings were Cartrade Tech, Delhivery, Paytm and Zomato. Here's the list:
Economic Times

Children’s Day: Titan, Canara Bank among top 12 stock ideas for your little one’s future - 6 months ago
While the near term could see volatility coming from global geopolitical tensions, higher for longer interest rates and coming Lok Sabha elections, investors are expecting double-digit returns in the next 2-3 years.
Economic Times

Protean opens flat, rises 12.5% on listing day - 6 months ago
The ₹490-crore IPO was subscribed almost 24 times. The retail investors' segment was subscribed 8.93 times, while the non-institutional investor or high net worth investor segment was subscribed 31.62 times. The qualified institutional buyers' portion was subscribed 46.94 times.
Economic Times

Coal India pricing reasonable, still top pick post rally - 6 months ago
The average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company's earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.
Economic Times

Asia stocks rise ahead of US inflation data; yen stumbles - 6 months ago
Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable.
Economic Times

Suzlon, BSE and CDSL lead rally in smallcap stocks - 6 months ago
The index has jumped 1,219 points, or 9%, since October 26 against the 2.8% gains in the Sensex and the 3.1% advance in the Nifty. Six stocks contributed 469 points, or 38%, of the 1,219-point upside in the index. These included Suzlon Energy, BSE, CDSL, Global Health, MCX and Piramal Pharma. Three stocks - Suzlon Energy, BSE and CDSL - contributed 323 points, or close to 27%, of the up-move in the Small-cap index.
Economic Times

What India's top mutual fund houses bought, sold & completely exited in October - 6 months ago
The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International.
Economic Times

S&P 500 takes a pause ahead of U.S inflation data - 6 months ago
The Dow Jones Industrial Average rose 54.77 points, or 0.16%, to 34,337.87, the S&P 500 lost 3.69 points, or 0.08%, to 4,411.55 and the Nasdaq Composite dropped 30.37 points, or 0.22%, to 13,767.74.
Economic Times

A million SIPs and more, again; Oct adds a record 1.7m accounts - 6 months ago
It was the sixth month in a row for new SIP accounts to cross one million. According to AMFI, retail investors held 51.4 % of equity assets for a period greater than 24 months, which shows SIP investors tend to have a long-term investment horizon.
Economic Times

Govt looks to offload 5-10% in some public sector banks - 6 months ago
The government is keen to take advantage of the sharp rally in share prices of public sector banks (PSBs) that are riding on much-improved financial performance and fundamentals. The stake sale can be conducted through the offer-for-sale route for lenders that are not inclined toward a rights issue, said people aware of the deliberations.
Economic Times

US stocks open lower as investors await inflation data - 6 months ago
The Dow Jones Industrial Average fell 23.85 points, or 0.07%, at the open to 34,259.25
Economic Times

Alarm Bells! 2024 polls set to disrupt India’s $3.7-trillion stock market calm, says Morgan Stanley - 6 months ago
Indian stocks have risen about 7% this year, outpacing their peers in Asia and emerging markets, as growth in earnings and the economy lured local and global investors. India VIX, a gauge of expected stock-price swings, has slumped 25% so far this year to near its historical low.
Economic Times

Sebi asks brokers to inform most important terms and conditions to clients - 6 months ago
For the onboarding of new clients, the date of the implementation and compliance by the market participants will be April 1 and for existing clients, the MITC will inform clients through email or any other suitable mode of communication by June 1.
Economic Times

Alarm Bells! Polls to disrupt India stocks calm in 2024, says Morgan Stanley - 6 months ago
Indian stocks have risen about 7% this year, outpacing their peers in Asia and emerging markets, as growth in earnings and the economy lured local and global investors. India VIX, a gauge of expected stock-price swings, has slumped 25% so far this year to near its historical low.
Economic Times

Is the stock market closed for Diwali-Balipratipada on Tuesday? - 6 months ago
The multi-commodity exchange will also be closed for the first half but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Tuesday. The settlement holiday means that the commodity account balance of investors on November 14 will not include the credits from profits on trades or positions in commodity derivatives on November 13 and credits from exiting option positions on November 13.
Economic Times

Tech View: Nifty OI data hints at sideways movement for Nifty. Here’s what traders should do on Wednesday - 6 months ago
The near-term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance around 19,550-19,600 levels, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19,300-19,250 levels, said Nagaraj Shetti of HDFC Securities.
Economic Times

Protean eGov Technologies makes a flattish debut. Should you exit or hold? - 6 months ago
The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday.
Economic Times

Sensex snaps 2-day rally, sheds 326 pts; Nifty below 19,450 ahead of inflation data - 6 months ago
Among Sensex stocks, Bajaj Finance and Infosys were the top laggards, falling over 1% each. Tech Mahindra, ICICI Bank, Nestle, and TCS also ended with cuts, while M&M, JSW Steel, NTPC, Power Grid Corp, and IndusInd bank closed with gains.
Economic Times