Warren Buffett sees no chance of ‘eye-popping’ results with record cash - 9 months ago
Berkshire Hathaway Inc’s cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations. The company also reported fourth-quarter operating earnings of $8.48 billion, versus $6.63 billion for the same period a year earlier, helped by an increase in insurance underwriting earnings and investment income amid higher interest rates and milder weather.
Economic Times

Capital market must expand by more than 12% to align with Viksit Bharat objectives: SEBI member Kamlesh Varshney - 9 months ago
According to a press release, the event, themed " A Global Hub of Opportunities," brought together over 900 trading members from leading Indian stock exchanges, regulatory authorities, and industry leaders to deliberate on strategies to expand India's capital market.
Economic Times

Capital market must expand by more than 12 pc to align with Viksit Bharat objectives: SEBI member Kamlesh Varshney - 9 months ago
According to a press release, the event, themed " A Global Hub of Opportunities," brought together over 900 trading members from leading Indian stock exchanges, regulatory authorities, and industry leaders to deliberate on strategies to expand India's capital market.
Economic Times

FIIs turn net buyers last week, pouring in Rs 4,300 crore; is it comeback time? - 9 months ago
Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week.
Economic Times

Sebi using AI for investigations, says official - 9 months ago
In response to a question by PTI on whether Sebi is using AI, Varshney said, "we are using Al for investigations... and also using for a lot of things".
Economic Times

For a better equation of desire and risks: 4 small cap stock from different sectors - 9 months ago
While the desire to own small caps is high, it is very important to manage the risks of investing in them, they may either give very high returns or just make your capital under perform significantly. For enthusiasts and steadfast supporters of small-cap stocks, the key lies in a thorough examination of a company's fundamentals before making any investment decisions. Beyond these financial metrics, two critical aspects must not be overlooked: the quality of the company's management and the sector in which it operates. The management team's competence, integrity, and vision are pivotal in steering the company towards growth and navigating challenges. Meanwhile, the sector's potential for growth and resilience against economic fluctuations can significantly influence a company's performance.
Economic Times

William Thorndike's tips to identify great CEOs for success in long-term investing - 9 months ago
Renowned author and investor William Thorndike says the goal of an investor should be to invest in companies with great CEOs early, because that often translates into great stock performance in the long run.
Economic Times

Is your portfolio truly diversified? Unveiling the significance of 'factor' diversification - 9 months ago
Ever seen a see-saw? One side goes down, the other goes up - simple physics. Finance, though, isn't that straightforward. But, there are some observable patterns, especially when it comes to factors like Value and Momentum
Economic Times

Tailwinds continue to favour them; 5 Southern and Western India focussed real-estate stocks with upside potential of up to 30% - 9 months ago
This week, two real estate companies announced that they have sold out their real estate projects. What was worth noting, the overall size of the project, time in which they were sold and the price point at which they were lapped up. Both, real estate prices and stocks of real estate have seen a revival for last three years, if above events are anything to go by than probably, it appears that the demand continues to be strong in some pockets. Given the fact that the operating matrix of the real estate industry is such that debt element will present, it would be worthwhile to stay with large players who have either strong parent group or have track record where they have survived the slowdown without piling on much debt on the balance sheet. Also stay focussed on pockets where income profile of consumer is better.
Economic Times

Multibagger screener! This BSE500 stock turned Rs 10,000 to Rs 3 lakh in just 10 years. Do you own it? - 9 months ago
Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 3 lakh, according to an analysis by ET Markets.
Economic Times

Investors in penny stocks may get court relief to reduce tax burden if trades proved genuine - 9 months ago
The income tax department views the sale of proceeds of such shares as “unexplained cash credit” or “unexplained money” subjecting it to a flat tax rate of 60%.
Economic Times

Learn With ETMarkets: Understanding market indices: A beginner's guide to tracking stock performance - 9 months ago
With over 7,000+ stocks listed on the Indian stock exchanges, namely the NSE and BSE, determining the performance of the Indian stock markets on any given day would be a daunting task.
Economic Times

Brokers need to be cautious against manipulations in stock market: Sebi member - 9 months ago
Manipulations are going on and Sebi cannot intervene in all of them. Some brokers are involved and the broker community should keep an eye as "bad elements can come in the system", he said.
Economic Times

Anmi recognises ETMarkets for exceptional financial market coverage at 13th international convention - 9 months ago
Anmi or Association of National Exchanges Members of India is a pan India body of trading members across NSE, BSE and the Multi Commodity Exchange of India (MCX), representing 900 stockbrokers.
Economic Times

India Inc: Key takeaways from Q3 earnings season - 9 months ago
The average growth in revenues and net profit over the past five quarters has been 14% and 12% respectively. The revenue and net profit growth for the latest quarter Q3FY24 is 9% and 15% respectively.
Economic Times

Vedanta, IDFC among 7 stocks with up to 37% dividend yield. Do you own any? - 9 months ago
Investors are often attracted to stocks that can pay them high dividends. Here are 7 stocks from the BSE 500 pack that have given the highest dividend yield. Take a look (Source: Ace Equity)
Economic Times

Record-high Nikkei’s rise just getting started on foreign demand - 9 months ago
That’s the view of investors and strategists, who are also watching for a potential broadening of equities gains that may take the wider Topix index to an all-time high this year. Fund flow data indicate there’s scope for trillions of yen to return to Japan’s stock market based on figures compiled by Bloomberg.
Economic Times

Wall Street traders are too scared to fight the AI rally - 9 months ago
“A textbook story of a Big Market Delusion” is how the venerable founder of Research Affiliates called it, citing extreme valuations after the shares quadrupled in just a year.
Economic Times

China stock traders’ new mantra is enjoy the rally while it lasts - 9 months ago
With state funds seen drumming up the market while the economy faces persistent headwinds, the rally may well be on borrowed time. Yet with depressed valuations and light positioning among global and local money m
Economic Times

Wall Street Week Ahead: Soaring US stocks could take cues from Fed as earnings wind down - 9 months ago
With the vast majority having reported, S&P 500 companies were on track to increase fourth-quarter earnings by 10% from the year-earlier period, according to LSEG IBES data, which would be the biggest rise since the first quarter of 2022.
Economic Times

Fed's Williams says rate cuts likely to happen 'later this year' - 9 months ago
"At some point, I think it will be appropriate to pull back on restrictive monetary policy, likely later this year," Williams said, remarks that are in synch with those of other Fed policymakers who have been sounding somewhat cautious lately about starting to cut rates without more confidence on inflation's downward trajectory.
Economic Times

67 smallcap stocks gain in double digits in a roller coaster market week - 9 months ago
During the week, 67 smallcap stocks had a good run with double digit gains, higher than that of the previous week. In the preceding week, about 50 smallcaps rose in double digits.
Economic Times

S&P, Dow eke out another record closing high as Nvidia momentum endures - 9 months ago
Carvana surged 32.1% on Friday after reporting its first-ever annual profit, helped by its pact with bondholders to cut its outstanding debt by $1 billion.
Economic Times

MCA asks Sebi to share details on Zee, could summon Puneet Goenka - 9 months ago
The ministry's preliminary probe had found appropriation of ZEEL's fixed deposits (FDs) by Yes Bank, for squaring off loans of related entities of Essel Group. ZEEL is part of the Essel Group promoted by Subhash Chandra and his family.
Economic Times

Goldilocks period for financial sector over: Goldman - 9 months ago
​​The brokerage has downgraded its ratings on SBI and ICICI Bank, while upgrading Bajaj Finance. It reiterated its buy rating on HDFC Bank.
Economic Times

What Nvidia’s historic rally means - 9 months ago
Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence.
Economic Times

Unsecured retail loans building up stress in financial system - 9 months ago
The rise in bad loans that will come as a consequence of the rise in unsecured loans will be seen in the coming quarters. Lenders such as IndusInd Bank, Bandhan Bank and Yes Bank have reported a higher-than-expected rise in bad loans due to stress from the rising unsecured retail segment.
Economic Times

SBI fails to draw buyers for Hindusthan National Glass' Rs 1,703-cr bad debt - 9 months ago
The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a dozen asset reconstruction companies (ARCs), including Edelweiss ARC and Phoenix ARC, submitted expressions of interest, as reported by ET on February 4. But none of them submitted a bid at the auction held on Thursday, said people with knowledge of the matter.
Economic Times

IDBI Bank looks to sell Rs 280-crore MSME loans - 9 months ago
IDBI Bank has been focusing on reducing bad loans by selling NPAs and resolving stressed assets. The bank is looking to bring down its gross NPA ratio, which was 4.69% as of December 2023, gradually with a recovery target of ?3,000 crore. It wants to maintain the net NPA level at below 1%.
Economic Times

Indiabulls Housing Finance rights issue lists at Rs 92/share - 9 months ago
The intrinsic value of the partly paid shares is calculated by subtracting the pending instalment payment from the Thursday closing price of Indiabulls Housing Finance, resulting in the value of ₹88.75. The closing price of Indiabulls Housing on Thursday was ₹188.75, and the instalment to be paid is ₹100 per share.
Economic Times

India's best equity story on a 10-year view: Chris Wood - 9 months ago
According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.
Economic Times

JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says - 9 months ago
Dimon and his family intend to sell 1 million of their 8.6 million shares, the bank had said in a filing last October. Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far.
Economic Times

US stocks extend AI-led rally, Nvidia crosses $2 trillion in market value - 9 months ago
All the three major indexes were set for weekly gains after turbulence in the prior week when hotter-than-expected inflation data dampened expectations of early interest rate cuts from the U.S. Federal Reserve. Traders firmed up bets against any US interest-rate cuts before June after Fed Governor Christopher Waller on Thursday said he was in "no rush" to lower rates.
Economic Times

Payments fintech Block climbs nearly 20% after strong earnings forecast - 9 months ago
The stock was trading at $81.39, adding more than $8 billion to the company's market value. Block has been looking to lower costs and drive "profitable growth" in the business by trimming headcount and reducing its real estate footprint. The company said on Thursday it plans to cut 112 jobs in March.
Economic Times

ARC sector's AUM likely to cross Rs 10 lakh crore-mark in FY24: Report - 9 months ago
The book value of bad loan sales to ARCs is likely to cross the Rs 10 lakh crore mark by next month from Rs 8.48 lakh crore in March 2023, the report said. The sector's growth rate is likely to moderate further to 5-6% next fiscal due to the cyclically low NPAs in banks and NBFCs.
Economic Times

Carvana shares soar 40% after first annual profit - 9 months ago
Shares of Carvana surged nearly 40% on Friday after the used-car retailer posted its first annual profit, in a sharp turnaround powered by cost cuts and a debt-reduction deal with bondholders.
Economic Times

Zurich Insurance to buy 70% stake in Kotak arm upfront in amended deal - 9 months ago
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday.
Economic Times

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street - 9 months ago
Nvidia hit $2 trillion in market value for the first time on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.
Economic Times

US stocks open higher after scorching AI-led rally - 9 months ago
The Dow Jones Industrial Average rose 58.86 points, or 0.15%, at the open to 39,127.97.
Economic Times

Nvidia stock surge causes $3 billion loss for short sellers - 9 months ago
The mark-to-market losses are another blow for contrarians who argued that Nvidia’s sky-high valuations and speculative fever had all the makings of a market bubble about to pop. The chipmaker is the third-largest US short with $18.3 billion of shares that have been borrowed and sold, according to S3.
Economic Times

Record $277-billion rally! Nvidia's single-day surge is more than Reliance's total market value - 9 months ago
Valued at Rs 20 lakh crore, Mukesh Ambani's Reliance Industries (RIL) looks like a mammoth on Dalal Street. But for the titans of Wall Street, this is loose change. Chipmaker Nvidia shares soared over 16% overnight and added $277 billion to its market capitalisation in just one day. In dollar terms, RIL is just about $243 billion.
Economic Times

Tech View: Nifty forms higher high, higher low series. What traders should do next week - 9 months ago
Nifty has been in a consolidation zone for over a month and we may soon see a breakout or breakdown with the former. However, for any significant rally, Nifty will have to give a decisive breakout above 22,250.
Economic Times

Nvidia vaults to world's fourth-biggest company by market cap on AI optimism - 9 months ago
Chipmaker Nvidia Corp has become the world's fourth largest company by market capitalisation, after a 16.4% surge on Thursday when a quarterly earnings report surpassed analysts' expectations.
Economic Times

Tips Industries board to consider share buyback proposal on February 28 - 9 months ago
Under a share buyback programme, a company buys back its own shares from shareholders. It is seen as a tax-efficient way to give cash back to investors. Share buyback reduces the number of shares available in the market, thereby increasing the real value of the stock.
Economic Times

Value Buys? SBI, Tata Motors among 7 Nifty stocks with lowest P/E ratio - 9 months ago
The price-to-earnings ratio or P/E ratio, helps compare the price of a stock to the earnings that the company generates. This ratio is determined by dividing the index’s price per share by its earnings per share. A high PE ratio signifies that the stock is expensive, while a low PE ratio indicates that it is undervalued compared to earnings and the share price could rise in the future. Normally, the average P/E ratio falls between 20 to 25 and anything below is considered a good PE ratio. Here are 7 Nifty stocks with the lowest P/E ratios:
Economic Times

ABB India, National Aluminium among 5 stocks with top long unwinding - 9 months ago
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

L&T, UltraTech Cement among 4 stocks with top short covering - 9 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 on a security from extreme bearishness to bullishness. In Friday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Sensex ends flat, Nifty retreats from record high; TCS, SBI among laggards - 9 months ago
Among blue-chip Sensex stocks, HCL Tech, Maruti, Asian Paints, Airtel, and TCS were the top laggards, falling over 1% each. While Bajaj Finserv, M&M, Titan, Wipro, and Reliance Industries closed higher. Vodafone Idea shares closed nearly 8% higher after the company said that its board is scheduled to meet on February 27 to consider and evaluate options to raise funds through the equity route.
Economic Times

Vi shares jump over 9% on BSE ahead of Feb 27 board meet to consider equity fundraise - 9 months ago
The loss-making carrier’s shares were, subsequently trading 8.91 % higher at Rs 17.73 on the BSE Friday, lifting the company’s market capitalisation to around Rs 86,406.7 crore.
Economic Times

There is more to BFSI than just banks: Financial services stocks with “Buy” rating which may deliver 12-30% returns - 9 months ago
In the last few weeks, just because one bank has underperformed and was able to drag the market lower, that does not mean everything in one of the most important sectors of the economy, which is BFSI, is bad. This distinction needs to be made because in BFSI space every segment has a very different operating matrix and hence the growth path. So, while banks might be under pressure, AMCs have been doing well. Similarly, life insurers are under pressure but the general insurance companies have done well. So rather than a broad brush, have a look at companies individually for better decision-making. So rather than a broad brush, have a look at companies individually for better decision-making as analysts are bullish on many companies in the financial services space.
Economic Times