Day Trading Guide: SBI among 4 stock recommendations for Thursday - about 20 hours ago
It turned out to be a fabulous Wednesday for D-Street investors on Dalal Street as Sensex rallied over 600 points to end at 53,750.97 and Nifty rallied over 1 per cent to end near the 16,000 level."Finally, the bulls managed to post one of the highest closes of recent times on the D-Street. After some initial jerks, the index Nifty posted a strong rally during the session to clear the 16,000 mark and close near the same. However, the high of 16,025 is still not crossed, and once that happens in the coming session, then the index could be heading towards 16,200/16,400. This zone should be used to book profits since that has a cluster of resistances. On the downside, today's low of 15800 would be a key support for the week," said Mehul Kothari, AVP, Technical Research, Anand Rathi Shares & Stock Brokers.Here are the top four stock recommendations which analysts suggest:
Economic Times

US stocks open flat with focus on FOMC minutes - about 21 hours ago
The Dow Jones Industrial Average fell 10.52 points, or 0.03%, at the open to 30,957.30.
Economic Times

Tech View: Nifty50 forms bullish candle, sends positive signals - about 22 hours ago
The index formed a bullish candle on the daily chart that almost engulfed the negative candle of the previous session. Technically, it indicates a negation of bearish formation and signals positive bias for the market ahead, according to Nagaraj Shetti at HDFC Securities.
Economic Times

Nifty50 at 13,800 or 18,400? Here is what Dalal Street analysts said - about 23 hours ago
"We maintain that PE average could be converging to the pre-2013 average of 18.5 times compared to 24 times during 2014-19 and current levels of 19.5 times," JM Financial said in a note.Nifty50 can move to 13,800 mark, which is around its long-term average, given accelerated liquidity withdrawal along with slowing earnings revision momentum, said Elara Securities in a strategy note.
Economic Times

LIC share bounces, but far from its exchange listing price - about 23 hours ago
Today, LIC functions with 2,048 branch offices, 113 divisional offices, 8 zonal offices, 1381 satellite offices, along with the Corporate office, the insurance major's website says.Stock market sentiments have been weak even before the LIC IPO was launched majorly due to the ongoing conflict in Ukraine and related headwinds.
Economic Times

Gainers & Losers: Bajaj Finance, Macrotech among top 7 stocks in limelight today - about 23 hours ago
As softening crude oil prices, FIIs repositioning to net buyers and strong business data from lenders tempered optimism in domestic equities, Nifty rallied over 1 per cent to end near the 16,000 level. There were many counters, which were in limelight for the day, many of whom ended up with smart gains. Here are a handful of them:
Economic Times

Sensex surges 617 pts, Nifty ends near 16,000-mark; bank, FMCG stocks lead gainers - about 24 hours ago
Benchmark stock indices Sensex and Nifty jumped over 1 per cent on Wednesday amid foreign funds turning net buyers of domestic equities after a long gap and positive opening in European stock markets. The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31. The NSE Nifty advanced 178.95 points or 1.13 per cent to 15,989.80.
Economic Times

Where to invest in high inflation regime? BNP Paribas analyst shares some ideas - about 24 hours ago
“Though valuations of India stocks/sectors are considerably down from their 2021 highs and some are trading near their five-year mean NTM P/E, we believe the valuations were high, to begin with, fuelled by the easy monetary policy globally,” the report said.
Economic Times

If history repeats itself, equities set for brief relief in July - about 24 hours ago
Most major markets are firmly entrenched in bear market territory as policymakers struggle to check soaring inflation without crushing fledgling growth. However, half-month price changes since 1930 figures show that the first two weeks of July have historically offered the best returns of the year for S&P 500 investors.
Economic Times

Sensex rebounds 613 points; Nifty ends near 16K level; Bajaj twins rally 5% - 1 day ago
The 30 share pack Sensex rose 616.62 points or 1.16 per cent to close at 53,750.97. Its broader peer, Nifty50, added 178.95 points or 1.13 per cent but fell just 10 points short of the 16,000 level.
Economic Times

Vodafone idea may log huge losses in Q1, Bharti Airtel's profit may jump multifold - 1 day ago
ICICI Securities is pegging Vodafone Idea's June quarter losses at Rs 6,647 crore. This would be higher than the 6,563 crore loss it reported for the March quarter but less than Rs 7,319.10 crore in the same quarter last year. YES Securities sees Vodafone Idea losses at Rs 6,307.80 crore; Edelweiss at Rs 6,659 crore.
Economic Times

These banking stocks can rally up to 95% according to analysts - 1 day ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Buying flat on outskirts of metro city is like buying smallcap stock: Nithin Kamath - 1 day ago
“Buying where prices haven't already appreciated (in tiers 2 & 3, outskirts of a metro) can mean good ROI (return on investment). But this is like buying a smallcap stock, hoping it becomes largecap; only a few do. It is a high-risk strategy and hence capital allocation should be lower,”
Economic Times

Japan's Nikkei falls on slowdown worries, energy losses - 1 day ago
"Investors' focus have shifted to slowdown risks stemming from the ongoing tightening monetary policy," said Ikuo Mitsui, fund manager at Aizawa Securities."Wall Street rose overnight but that was because investors bought back growth shares that were beaten-down on concerns about rate increases."
Economic Times

European shares climb on Just Eat Takeway.com boost - 1 day ago
Retail and travel and leisure stocks rose 2.6% and 2.2%, respectively, to led gains among the European sectors.Among single stocks, Just Eat Takeaway.com jumped 14.2% after Amazon agreed to take a 2% stake in struggling U.S. meal delivery business Grubhub and said it will offer its Prime members access to the service for one year.
Economic Times

Looking for strategies to navigate market volatility? Vivek Mashrani shares his mantra - 1 day ago
It's the right time to be greedy and aggressive in terms of research. Stay in the game and learn the effective way to compound," says Vivek Mashrani, Founder, TechnoFunda Investing
Economic Times

Why Axis Securities is positive on Tata Steel despited muted production in Q1 - 1 day ago
However, they remain positive on the largest steel producer in the country on the back of restocking demand in the September 2022 quarter, which would drive better volumes in the current quarter.
Economic Times

Bajaj Finance rises 5% following Q1 business update - 1 day ago
Bajaj Finance witnessed the highest ever quarterly increase in its customer franchise of 2.7 million in the initial quarter of FY23. Customer franchise of the company increased from 50.5 million in June 2021 to 60.3 million in June 2022 and new loans booked during the first quarter of 2023 were 7.4 million compared to last year’s 4.6 million, the company said in a filing to the exchanges.
Economic Times

5 reasons why Goldman Sachs thinks Kotak can be $100 bn-bank in next 4 years - 1 day ago
They have upgraded the bank to buy rating and added the stock to their conviction list with a target price of Rs 2,135, which translates into an upside potential of about 26 per cent from prevailing prices.
Economic Times

Macrotech shares rally over 5% on best-ever Q1 performance - 1 day ago
“This was our best-ever Q1 performance,” it said, adding that 75 per cent of the sales growth required to meet their full-year guidance has been achieved in Q1 itself. “We continue to see good demand across segments and whilst we are monitoring the evolving macro-economic conditions closely, we have not yet seen any negative impact on demand for housing from high credibility developers,” Macrotech said.
Economic Times

Nifty stocks trading at discount to historical averages; top picks as D-St enters Q1 results season - 1 day ago
At a PE multiple of 1.9 times, ONGC traded at a 78 per cent discount to its 10-year average of 8.5 times. Tata Steel at 5.9 times traded at a 53 per cent discount to its historic PE of 12.5 times. Coal India (down 53 per cent), Apollo Hospitals (down 38 per cent) and JSW Steel (down 36 per cent) are a few other stocks which are trading at steep discounts to their historical levels.
Economic Times

Dolly Khanna booked profit in this chemical company in Q1 - 1 day ago
Khanna sold more than 2.34 lakh equity shares in the company between April to June as she held 17,24,990 equity shares or 1.46 per cent stake in the company as of June 30, 2022. Meanwhile, her stake at the nd of March 31, 2022 was at 1.66 per cent (19,63,104 shares).
Economic Times

CLSA maintains sell on Bajaj Finance, Citi bullish on Marico - 1 day ago
On the other hand, Morgan Stanley is positive on the banking sector ahead of earnings as it believes that loan growth has been strong and asset quality is also holding up well. It expects lenders to report strong earnings in the June quarter.
Economic Times

Chart Check: A range breakout seen in Siemens could take it to fresh record highs - 1 day ago
The relative strength index or the RSI is placed at 67.7. RSI below 30 is considered oversold and above 70 is considered overbought. MACD is above its center and signal line, this is a bullish indicator.
Economic Times

Vijay Kedia, Dolly Khanna stayed put in this outperforming stock in Q1 - 1 day ago
The scrip has climbed 30 per cent year-to-date (YTD) and 64 per cent in the last one year. This is against a 7 per cent rise in the BSE auto index YTD and 15 per cent in the last one year.
Economic Times

SpiceJet shares slide 7%; hit 52-week low level - 1 day ago
SpiceJet shares opened at Rs 37.10 apiece after falling 2.33 per cent to close at Rs 37.65 on Tuesday, a day when its Dubai-bound plane was diverted to Karachi due to malfunctioning of the fuel indicator.
Economic Times

Copper at 19-month low as firmer dollar, recession fears choke demand - 1 day ago
The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers.
Economic Times

7 big-ticket mergers ahead! Here’s what D-St investors must know - 1 day ago
Smart investors are always on the lookout for special situations that can trigger sharp rallies in the short term due to merger and acquisition and buybacks. In the recent few months, the M&A market has been very hot in India with the announcement of several big-ticket deals like that of HDFC Bank-HDFC, Mindtree-LTI and PVR-INOX. Here are seven such merger-bound cases that investors can study:
Economic Times

Six midcap stocks that can offer 10-30% returns in a year - 1 day ago
The broader market has seen a massive correction in prices, denting investors' portfolios. The Nifty Midcap index is down over 12% so far this year. But analysts at Axis Securities see opportunities in select midcap stocks. Here are their top picks that can give double-digit returns over a year.
Economic Times

Sensex rises 250 points, Nifty above 15,850; Asian Paints gains 3% - 1 day ago
Sensex gains 250 points, Nifty above 15,850; Asian Paints rises 3%, Tata Steel sheds 2%; Metals tank over 1%; most other indices trade on firm note.
Economic Times

Sensex, Nifty rise after fall in oil prices; Asian Paints, Bajaj Finance lead gainers - 1 day ago
Asian Paints advanced 2.64 per cent to Rs 2,839.30. Bajaj Finance gained 1.70 per cent to Rs 5,775.30. Bajaj Finserv, IndusInd Bank, Axis Bank and Kotak Mahindra Bank gained over 1 per cent each. Maruti Suzuki, SBI, Larsen & Toubro, HDFC Bank and ICICI Bank rose up to 1 per cent.
Economic Times

Asian stocks slide, dollar shines as recession fears deepen - 1 day ago
"The drumbeat is getting louder and louder about recession risk," said Jason Teh, chief investment officer at Vertium Asset Management in Sydney. "Right now defence is the name of the game. It's the best strategy right now, because in a recession a lot of things can fall out of bed."
Economic Times

Big Movers on D-St: What should investors do with Elgi Equipments, Asahi India Glass and Cummins India? - 1 day ago
On a longer-term chart from April 2021 to November 2021, the price has moved in a range of Rs 195-232 odd levels. Once it breached the consolidation phase, the price gave a sharp upside rally to make an all-time high of Rs 422 level in February 2022.
Economic Times

Corporate Radar: Century Textiles to turn ex-dividend; Tata Chemicals, City Union Bank AGMs & more - 1 day ago
A board meeting of Athena Global Technologies will take place today to consider preferential issue of shares and the board of Rajasthan Gases will meet to consider issue of warrants.
Economic Times

Buy or Sell: Stock ideas by experts for July 06, 2022 - 1 day 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 ICICI Bank and Adani Ports while Nooresh Merani has buy/sell recommendation on Axis Bank and DLF for today's trading session. Check out the targets and stoploss.
Economic Times

Hiring intent at 27-month high, more jobs open up in IT, education, e-commerce and telecom - 1 day ago
Hiring intent of the companies has hit a 27-month high, the highest since the start of the Covid-19 pandemic, according to the latest Teamlease Employment Outlook Report, shared exclusively with ET.
Economic Times

Stocks in focus: Bajaj Finance, Tata Power and more - 1 day ago
Nifty futures on the Singapore Exchange traded 106 points, or 0.67 per cent, higher at 15,872, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a few stocks which may buzz the most in today's trade.
Economic Times

U.S. yield curve inverts again: What is it telling us? - 1 day ago
It comes amid a chorus of growth warnings on Wall Street, as a Fed intent on bringing inflation down from more than 40-year highs sets the course for aggressive monetary policy tightening that investors fear will also hurt U.S. growth.
Economic Times

Retail auto sales grow 27% in June, but lag pre-Covid levels - 1 day ago
While three-wheeler sales shrank at a slower pace of 6% compared with June 2019, it is the two-wheeler segment which still remains the biggest cause of concern and is not picking up as per expectations, Gulati said. Two-wheeler retail sales increased by a fifth from a year earlier to 1,119,096 units in June, but were down 16% from the same month before Covid in 2019.
Economic Times

Stocks in the news: TCS, Adani Ports, HDFC, Tata Steel, NTPC and Yes Bank - 1 day ago
IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.
Economic Times

S&P 500, Nasdaq end higher as investors eye economic path - 1 day ago
Traders are also keeping a watch on economic data, including a June nonfarm payrolls report expected on Friday, and on company commentaries for signs of peaking inflation and cooling economic growth, with another earnings season around the corner.
Economic Times

Ujjivan Small Finance Bank reports 38% loan growth, reduction in NPA - 1 day ago
The bank's overall loan growth was largely buoyed by a 39% expansion of advances under the microbanking segment which grew to Rs 13,364 crore, while both the affordable housing and enterprise loan books showed similar growth prints, albeit, over low base. Its affordable housing loans stood at Rs 2,905 crores while enterprise loans grew to Rs 1,767 crore.
Economic Times

NHAI plans to raise up to Rs 4000 crore for its InvIT - 1 day ago
While half of the funds may be raised by selling units in the InvIT to existing investors including Canadian pension funds CPPIB and OTPP, the rest of the money is likely to come from a public bond sale in the local market where retail investors can buy, said people familiar with the matter.
Economic Times

Sacked fund managers violated securities law: Axis AMC - 1 day ago
The mutual fund promoted by Axis Bank terminated the services of its chief trader and fund manager Viresh Joshi on May 18, and fund manager Deepak Agrawal on May 20. It was alleged that the two individuals made illicit gains through front-running activities.
Economic Times

Steel, oil & gas stocks see market cap erode by Rs 2.6 lakh cr on new taxes - 1 day ago
"The recent imposition of new taxes or increase in tax rates in a few sectors may help the government garner additional revenues and fight inflation, but it will also hurt corporate profits and market capitalisation and India's overall investment climate," said Sanjeev Prasad, co-head at Kotak Institutional Equities.
Economic Times

Stock Radar: Accumulate Ambuja Cement for a target of Rs 390 in 1-2 months, recommends Ajit Mishra - 1 day ago
"Positional traders and investors can accumulate Ambuja Cements within the 362-368 zone and hold for the targets of 290. Traders should maintain the stop loss at 348," Ajit Mishra, VP - Research, Religare Broking Ltd, said.
Economic Times

Stock Radar: 30% return from March 2022 low! This cement stock is a good buy for a target of Rs 390: Ajit Mishra - 1 day ago
After hitting a 52-week high of Rs 442 in September 2021, the trend went sideways. It bounced back after hitting a low of Rs 274 on 8 March 2022. The stock closed at Rs 368 on 4 July 2022, which translates into an upside of over 34 per cent.
Economic Times

Axis MF case: AMC submits probe report to Sebi, says conduct of individuals has no impact on liquidity - 1 day ago
Axis Asset Management Company, which had sacked its two fund managers in May, on Tuesday said a detailed probe has found that they had violated securities law but emphasised that their conduct would not have any impact on its operations. The mutual fund promoted by Axis Bank terminated the services of its chief trader and fund manager Viresh Joshi on May 18, and fund manager Deepak Agrawal on May 20. It was alleged that the two individuals made illicit gains through front-running activities.
Economic Times

Sebi bars Profit Redefine, proprietor from securities markets for unauthorised investment advisory - 1 day ago
The order comes from an interim order-cum-show-cause notice dated February 7, 2020 passed by Sebi against Profit Redefine Financial Solution (PRFS), its sole proprietor Sanjay Yadav and other entities.
Economic Times

Day Trading Guide: Wipro among 6 stock recommendations for Wednesday - 2 days ago
On Tuesday, the benchmark indices erased all gains and settled in red amid selling pressure in IT, auto, and banking counters. Sensex settled 100 points lower at 53,134, and its broader peer, Nifty50, ended the session near the 15,800 mark."Nifty rallied to register day’s high above 16,000 mark, however, inability to sustain at higher levels erased early gains. Since 13th June, Nifty has been failing to provide a close above 15,900. The appearance of a bearish candle with a relatively large upper shadow indicates that the recent trading band of 15,500-15,900 is still intact, hence sustenance above 15,900 is essential to regain momentum on the upside," said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities.Here are the top six stock recommendations which analysts suggest:
Economic Times