Tech growth woes pose risk to Dalal Street's sizzling rally - 5 months ago
Profit estimates for Indian companies have been moderating, with growth now seen at 17.7% for this year, compared with about 20% just a month ago, data compiled by Bloomberg Intelligence show.
Economic Times

It's raining money! 88% of all BSE stocks are up, 20% turn multibagger from March lows - 5 months ago
To find out how the rising tide has been strong enough to lift all boats, ETMarkets scanned price performance data of all BSE-listed stocks in between March 20 and December 29, the last trading day of 2023.
Economic Times

Buy or Sell: Stock ideas by experts for January 11, 2024 - 5 months ago
ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on RIL and Voltas, while Nooresh Merani has a buy/sell recommendation on RIL and Crompton for today's trading session. Check out the targets and stoploss.
Economic Times

Asian stocks gain ahead of US CPI - 5 months ago
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak.
Economic Times

Big movers on D-Street: What should investors do with HCL Tech, Delta Corp and Manappuram Finance? - 5 months ago
Stocks that were in focus included names like HCL Tech, which rose 2.03%, Delta Corp, which jumped 2.9%, and Manappuram, whose shares declined 4.8% on Wednesday.
Economic Times

US stocks climb as megacaps lead; inflation data, earnings on deck - 5 months ago
Microsoft, Meta Platforms and Nvidia were the biggest boosts to the S&P 500 index, as the benchmark 10-year Treasury note yield held near 4%and a $37 billion auction of the notes drew above-average demand.
Economic Times

Asia stocks gain ahead of US CPI, Nikkei breaches 35,000GLOBAL-MARKETS - 5 months ago
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak.
Economic Times

Time to buy? Deepak Nitrite has formed a base in last 7 months: Ajit Mishra - 5 months ago
“Deepak Nitrate has been trading in a corrective phase for over two years, after the phenomenal run. Traders can buy the stock for a target of Rs 2850 in the next 2-3 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.
Economic Times

Proxy advisor against Aster DM Healthcare's gulf deal - 5 months ago
Aster DM has proposed two resolutions - the sale of its GCC business to Alpha GCC, a related party transaction, and the sale of subsidiary Affinity Holdings to Alpha GCC. The e-voting, which began on December 24, will end on January 24.
Economic Times

Reliance Power & Reliance Infra commit to settle their dues by fiscal-end - 5 months ago
Reliance Power and Reliance Infrastructure have signed standstill arrangements with DBS Bank and JC Flowers ARC, respectively, to settle their loans by the end of the fiscal year. In April 2023, Reliance Power settled loans with two of its lenders - JC Flowers ARC and Canara Bank, according to a disclosure by the company.
Economic Times

Stocks in news: TCS, Infosys, HDFC AMC, M&M, Bank of India - 5 months ago
A board meeting of Satin Creditcare is scheduled to be held on January 15 to consider and approve the proposal of raising of funds by way of public issue of NCDs.
Economic Times

FPI custodians finalise disclosure exemption rules - 5 months ago
Determining the global AUM is significant because a 'regulated' fund whose exposure to an Indian business group and to the Indian equity market is below 25% and 50% respectively of its global AUM is spared of the granular disclosure rules laid down by the Securities and Exchange Board of India (Sebi).
Economic Times

Creditors vote to liquidate Gayatri Projects after rejecting sole bid - 5 months ago
Mark AB was offering a total of ₹650 crore, of which only ₹50 crore was upfront cash, ET had reported in October. It was the only serious offer lenders had received, which has now been rejected because of its low value.
Economic Times

Stock Radar: Deepak Nitrite breaks out from consolidation range of nearly 2 years; time to buy? - 5 months ago
The stock picked up momentum after retesting the 50-week moving average in October 2023, which helped it hit a fresh 52-week high in January 2024. The stock hit a fresh 52-week high of Rs 2,520 on 1st January 2024 but quickly witnessed some healthy profit-taking at higher levels. However, any dips towards Rs 2,400 could be used as a buying opportunity.
Economic Times

S&P 500, Nasdaq hit two-week highs on megacap boost - 5 months ago
Microsoft, Alphabet, Amazon.com and Meta Platforms rose between 0.6% and 2.6%, as U.S. Treasury yields ticked lower, with those on the benchmark 10-year note slipping to 3.98%. Nvidia also gained 1.1% after TSMC, the world's largest contract chipmaker, beat fourth-quarter revenue expectations.
Economic Times

SpiceJet gets shareholders' nod for equity fundraising - 5 months ago
The airline hopes the capital infusion will help revive its grounded planes that continue to weigh on the financial results of the company. Under the fundraising plan, SpiceJet will issue up to about 32 crore equity shares and 13 crore convertible warrants at an issue price of Rs 50.
Economic Times

Market Trading Guide: Reliance Industries, Delta Corp among 5 stock recommendations for Thursday - 5 months ago
India's equity benchmark indices rose on Wednesday, led by gains in IT companies ahead of quarterly results. The S&P BSE Sensex closed 0.38% higher at 71,657, while the NSE Nifty50 index closed above the 21,600 level."The short-term trend of Nifty seems to have reversed up after a minor decline in the last two sessions. The Nifty is now expected to retest the upper trajectory around 21,750-21,850 levels in the next few sessions. Immediate support is placed at 21,450 level," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Thursday:
Economic Times

Wells Fargo Investment Institute bets on rate cuts, lifts 2024 S&P 500 target - 5 months ago
Boeing was also falling again, but not as much as on Monday, the first trading day after one of its jets flying for Alaska Airlines suffered an in-flight blowout over Oregon. Its stock was down 1.1% after tumbling 8% Monday. Spirit AeroSystems, which makes fuselages and other parts for Boeing, swung from a loss to a gain of 1.2%.
Economic Times

Japan stocks hit 34-year high, markets calm before US inflation data - 5 months ago
Bitcoin stabilised after spiking when an unauthorised post from the U.S. Securities and Exchange Commission's X account said it had approved bitcoin exchange-traded funds.
Economic Times

Nasdaq talks to India about overseas listings for local companies - 5 months ago
Indian companies are currently not allowed to list their shares directly on overseas markets, but global investors and top Indian startups have been calling for this to change.
Economic Times

Valuation comfort of Nifty50 wanes amid soaring premium - 5 months ago
The valuation premium was above 40% for only 1.4% of the total trading days since January 2005. The Nifty50 is now the second most expensive index among major global indices after NASDAQ. Over three out of every four constituents of the Nifty 50 trade at a premium to their respective long-term average valuations propelled by sectors such as consumer, IT and Industrial sector, a sector which typically trades at a reasonable valuation.
Economic Times

S&P 500, Dow open flat ahead of inflation data, earnings - 5 months ago
The Dow Jones Industrial Average rose 27.75 points, or 0.07%, at the open to 37,552.91.
Economic Times

India is 'coolest party in town' for all global investors: Zerodha Co-Founder - 5 months ago
​ Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday.
Economic Times

Technical Breakout Stocks: How to trade Network18, Cochin Shipyard and GlaxoSmithKline Pharmaceuticals on Thursday - 5 months ago
Sectorally, buying was seen in consumer durables, infrastructure, healthcare, IT and metal stocks while public sector, oil & gas, FMCG and utilities saw some selling pressure.
Economic Times

HSBC picks banking, consumption, IT as top investment themes for 2024 - 5 months ago
The premium valuation of Indian equities at 20X forward earnings is well supported by its high RoE of 16% — well above the 10.7% Asian regional average ROE — the HSBC release said quoting its CIO.
Economic Times

SMFG India Credit raises Rs 600 cr via maiden rupee-denominated perpetual debt issuance - 5 months ago
​Japan's Sumitomo Mitsui Banking Corporation has raised Rs 600 crore through its maiden rupee-denominated perpetual debt issuance and the money will be infused into the group entity SMFG India Credit Co.
Economic Times

Mukul Agrawal Portfolio: Ace investor cuts stake in 6 stocks in Q3 - 5 months ago
As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 55 stocks with a net worth of over Rs. 4,728.3 crore, shows Trendlyne data. Here are six stocks wherein the ace investor pared stake in Q3:
Economic Times

Tech View: Nifty forms Bullish Piercing candle ahead of Thursday expiry. What traders should do - 5 months ago
“We are of the view that, 20-day SMA or 21,500/71,250 could act as a sacrosanct support level for the traders. Above the same, the pullback formation is likely to continue. Above which chances of hitting 21,720-21,760/71,900-72,100 would turn bright. However, below 20 day SMA or 21,500/71,250 the selling pressure is likely to accelerate. Below which, the market could slip till 21,400-21,355/71,000-70,800,” said Shrikant Chouhan of Kotak Securities.
Economic Times

Dolly Khanna raises stake in two smallcap stocks in December quarter - 5 months ago
With the additional stake, Dolly Khanna's stake in Deepak Spinners increased to 1.83% at the end of December 2023 from about 1.65% at the end of September 2023.
Economic Times

ONGC, Bandhan Bank among 5 stocks with top long unwinding - 5 months ago
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profits or to exit in anticipation of an impending bearishness. In Wednesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:
Economic Times

Tata Consumer Products, TVS Motor among 5 stocks with top short covering - 5 months ago
Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view a security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Sensex jumps 272 pts; Nifty above 21,600; RIL, ICICI Bank shine - 5 months ago
Equity benchmark indices Sensex and Nifty bounced back from intra-day lows to settle higher on Wednesday, supported by a fag-end buying in market heavyweights Reliance Industries, ICICI Bank and HDFC Bank. After a muted opening, the BSE benchmark swung between gains and losses before settling 271.50 points or 0.38 per cent higher at 71,657.71. The index hit a low of 71,110.98 and a high of 71,733.84 during the session. The Nifty advanced 73.85 points or 0.34 per cent to 21,618.70.
Economic Times

Reliance Industries shares rally 3% to hit fresh 52-week high - 5 months ago
Earlier in the day, an RIL Chairperson said the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is ready to be commissioned in the second half of 2024 itself. Spread over 5,000 acres, the project will generate a large number of green jobs, enable the production of green products and materials, and will make Gujarat a leading exporter of green products.
Economic Times

How an election-packed 2024 could swing India, US & other world markets - 5 months ago
Markets face a "ballot box bombshell", financial services group Morningstar says, adding: "prior experience of this kind of event risk shows big changes can cause sell-offs".
Economic Times

Fag-end buying drives Sensex 272 pts higher led by IT stocks; Nifty tops 21,600 - 5 months ago
From the Sensex pack, Reliance Industries and HCL Tech were the top gainers, rising 2.8% and 2.2%, respectively. ICICI Bank, Tata Motors, Wipro, IndusInd Bank, and JSW Steel also closed higher. On the other hand, NTPC, Power Grid, UltraTech Cement, and Axis Bank closed lower.
Economic Times

130% surge! GQG’s initial bets in Adani Group soar to $4.3 billion in 10 months - 5 months ago
Jain’s $1.9 billion investment in Gautam Adani’s empire has soared 130% to about $4.3 billion in just 10 months, according to Bloomberg calculations. The stock price of Adani Ports and Special Economic Zone Ltd., widely deemed the crown jewel of the group, is the latest to double in Mumbai trading Wednesday since GQG Partners Inc. initially picked up a stake in the firm in March.
Economic Times

How an election-packed 2024 could swing world markets - 5 months ago
Markets face a "ballot box bombshell", financial services group Morningstar says, adding: "prior experience of this kind of event risk shows big changes can cause sell-offs".
Economic Times

EV is about ecosystem: 4 auto ancillary stocks with upside potential of up to 20% - 5 months ago
While the whole focus of transition to EV space has been on auto companies. The fact is that any auto company cannot make transition till the time its own supply chain, which essentially are auto ancillary companies make that transition. Infact many auto ancillary players had started this process even before auto majors announced their intentions. The issue is that some auto ancillary that cannot make that transition because their products are not required in an EV, there are others who had to make the modification to adjust it to what is likely to be the future. As more auto players launch their models, their supply chain is also coming to focus. Over the next one to two years, there would be shakeout in the auto ancillary space. Probably large ones with a global base may have an edge.
Economic Times

YES Bank, Nykaa among 4 midcap stocks that hit new 52-week high on Wednesday - 5 months ago
India's Nifty 50 and Sensex were muted on Wednesday, as investors remained on the sidelines ahead of earnings and key inflation readings which could influence the interest rate outlook. However, today's, four midcap stocks from the Nifty200 index hit new 52-week highs. Here's a list:
Economic Times

China stocks hover near five-year low on weak sentiment - 5 months ago
In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S. inflation data due this week.
Economic Times

Shyam Metalics raised Rs 1385 crore through QIP - 5 months ago
​City-based Shyam Metalics and Energy Limited (SMEL) announced that it has raised Rs 1,385 through Qualified Institutional Placement (QIP).
Economic Times

Gold to glitter in 2024 too! Here are 4 reasons to stay invested - 5 months ago
The gold price continued its 2022 outperformance in 2023 as well, led by a cool-off in US 10-year bond yields, and rising geo-political tensions. Gold has given returns of 14.9% in rupee terms and 13.1% in USD terms in 2023. Can it continue to shine this year? (Source: Axis Securities)
Economic Times

Nikkei soars while traders wait to see if US inflation slows - 5 months ago
Japan's Nikkei - which had its best year for a decade in 2023 - climbed 2% to break above 34,000 for the first time since 1990.
Economic Times

Manappuram Finance shares plunge over 7% as SEBI puts Asirvad IPO on hold - 5 months ago
The delay in the IPO represents a blow to Manappuram Finance, which had raised its stake in Ashirwad Microfinance in June 2022, acquiring a majority stake as part of its broader diversification strategy. Asirvad Microfinance had filed a DRHP with SEBI to raise Rs 1,500 crore from the public back in October last year.
Economic Times

HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect - 5 months ago
We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
Economic Times

What to expect from Interim Budget 2024, Srikanth Subramanian decodes - 5 months ago
ETMarkets spoke to Srikanth Subramanian, CEO, Kotak Cherry on what investors should expect from Budget 2024 and how one should allocate money in 2024.
Economic Times

SpiceJet shares jump 5% on reports of Carlyle Aviation Partners expressing interest in airline - 5 months ago
SpiceJet is slated to hold its annual general meeting (AGM) later today to consider the adoption of its audited financial statements along with the issue and allotment of equity shares on a preferential basis.
Economic Times

ZEEL shares jump 4% today. Here's what sparked the rebound - 5 months ago
ZEEL shares were trading amid high volumes with over 3.62 crore changing hands on the NSE around 11:15 am. The stock which was under the F&O ban list till Tuesday is out of the ban now.
Economic Times

Adani Enterprises, SBI Life among 5 stocks with long buildup - 5 months ago
A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Wednesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

Vedanta, REC among 5 stocks with short buildup - 5 months ago
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times