How gold acts as a barometer of economic stability - about 1 year ago
Let us understand the effect of an increase in bond yields on the overall market. The 10-year US Government Bond Yield has surged to its highest level since 2007. This significant increase in bond yields is driven by rising interest rates and further fueled by geopolitical risks.
Economic Times

IDFC among 5 smallcap stocks with highest dividend yields in last 12 months - about 1 year ago
Investors are often on the look out for dividend-paying stocks. Here are five smallcap stocks that have the highest dividend yields over the last 12 months. (Data Source: Axis Securities)
Economic Times

Wall Street Week Ahead: Investors seek shelter as U.S. stocks grow more turbulent - about 1 year ago
"When rates are increasing at the rate they are and the geopolitical situation is what it is, now you are getting a bid to volatility," said Brent Kochuba, founder of options analytics service SpotGamma.
Economic Times

S&P returns Greece's credit rating to investment grade - about 1 year ago
"Since the debt crisis in 2009-2015, significant progress has been made in addressing Greece's economic and fiscal imbalances," it added.
Economic Times

UBS overhauls board of domestic business - about 1 year ago
The lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland.
Economic Times

41 smallcaps deliver double-digit weekly gains even as investors turn cautious - about 1 year ago
In the midcap segment, only Supreme Industries rose in double-digits with 13% gain. New India Assurance and Crisil were distant close, with 9% and 7% gains, respectively.Among the Sensex pack, Nestle India topped the charts with 3.07% returns, followed by Ultratech at 1.07% and Power Grid at 0.6%.
Economic Times

Wall St Week Ahead-Investors seek shelter as U.S. stocks grow more turbulent - about 1 year ago
"When rates are increasing at the rate they are and the geopolitical situation is what it is, now you are getting a bid to volatility," said Brent Kochuba, founder of options analytics service SpotGamma.
Economic Times

Brokers retain ITC price targets after Q2 results - about 1 year ago
ITC shares fell 2.75% to close at Rs 438 on Friday. The average price target on ITC of all analysts compiled by Bloomberg following the second quarter results is at Rs 509.33, implying an upside of almost 16% over Friday's closing.
Economic Times

Wall Street ends sharply lower, posts weekly losses; Mideast fears increase - about 1 year ago
The S&P 500 and Nasdaq fell more than 1% each. All of the S&P 500 index's 11 sectors ended lower in broad-based selling, with technology and financials among the biggest drags.
Economic Times

All of HUL's categories have room for strong growth: MD - about 1 year ago
Hindustan Unilever (HUL) managing director, Rohit Jawa, stated that all the categories in which the company operates will experience an S-curve of growth driven by increased per-capita consumption and higher rural contribution. He mentioned that HUL has already shown this growth curve in categories such as home care and fabric conditioners, and sees similar opportunities in new demand spaces.
Economic Times

Adani Group raises $3.5 billion to refinance debt - about 1 year ago
The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank. Other banks in the consortium include Barclays Bank PLC, BNP Paribas, Deutsche Bank, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered.
Economic Times

New-age brokers ride on futures option to the bank - about 1 year ago
But the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment, how long will the party last?
Economic Times

Interest rates will stay high for now, says RBI Governor Shaktikanta Das - about 1 year ago
The Indian economy has developed resilience, enabling it to withstand large shocks and navigate an increasingly turbulent global landscape, the governor said, urging banks and financial institutions not to lower their guard.
Economic Times

Looking to cut debt burden, says Finance Minister Nirmala Sitharaman - about 1 year ago
Finance Minister Nirmala Sitharaman has stated that the government is focused on reducing its debt burden and has been practicing responsible spending to avoid burdening future generations. The aim is to bring down the fiscal deficit to 4.5% of GDP by FY26. Sitharaman also emphasized the need for reforming multilateral institutions in order to effectively address global challenges. The government has been cautious of its debt levels and is exploring strategies to reduce it. The Jan-Dhan Yojana has played a crucial role in promoting financial inclusion in the country.
Economic Times

RBI cautious on future price shocks, may hold repo steady - about 1 year ago
The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. The MPC meeting also discussed the need to sustain and stimulate investment, projecting a GDP growth of 6.5% for FY24.
Economic Times

SBI wants IL&FS to declare ITPCL value before debt rejig - about 1 year ago
State Bank of India (SBI) and IL&FS have different views on debt restructuring at ITPCL, the bankrupt financier's power joint venture entity. SBI wants an assessment of the liquidation value before signing on the proposal, while IL&FS, as part of its resolution framework, is not obligated to undertake a liquidation assessment for this asset. Last month, lenders approved a restructuring plan for ITPCL, with 59% of its debt classified as sustainable and the remaining 41% converted into non-convertible debentures. ITPCL operates a 1,200-MW power plant in Tamil Nadu.
Economic Times

Deepak Chhabria steps down as Finolex Cables chairman - about 1 year ago
Deepak Chhabria has been removed from the board of Finolex Cables, following a longstanding dispute with his cousin, Prakash Chhabria. This comes after the Supreme Court reprimanded the National Company Law Appellate Tribunal for allowing Deepak to continue in his role. The fight for control of Finolex Cables is expected to intensify, with Prakash intending to stake claim to the position. Shares of Finolex Cables rose 1.47% on Friday.
Economic Times

Sebi puts in place guidelines to improve governance, preparedness of qualified RTAs - about 1 year ago
The new guidelines are aimed at "strengthening overall resiliency, the procedures at or governance of QRTAs for handling disruption, augmentation of systems and practices to achieve better Recovery Time Objective (RTO) and Recovery Point Objective (RPO), and to improve overall preparedness by conducting periodic announced/ unannounced drills.
Economic Times

World's best emerging market! Morgan Stanley increases overweight stance on India - about 1 year ago
"The dream run of domestic flows continues and multipolar world dynamics are driving both FDI and portfolio flows toward India. Recent high-frequency trends also support our bullish stance with inflation concerns abating and the trade balance improving," it said in a report.
Economic Times

US stocks fall at open on elevated Treasury yields, Middle East worries - about 1 year ago
The Dow Jones Industrial Average fell 48.90 points, or 0.15%, at the open to 33,365.27.
Economic Times

SoftBank sells 1.09% in Zomato for Rs 1,040 crore; Goldman, ADIA buy stake - about 1 year ago
Marquee funds, including Citigroup, Axis MF, Bandhan MF, ADIA, Fidelity, Goldman Sachs, Morgan Stanley, and Motilal Oswal among others bought stakes in the company through the deal. In August this year, SoftBank offloaded about 1.17% Zomato stake under a block deal, which was valued at Rs 947 crore. Back then, Morgan Stanley, Nomura, Kotak Mahindra MF, Invesco MF, Goldman Sachs, Franklin Templeton MF, Avendus, and Societe Generale, among others picked up the stake.
Economic Times

Tech View: Move above 19,650 could trigger short covering. What traders should do next week - about 1 year ago
The short-term trend of the Nifty remains negative. A slide below the immediate support of 19,480 could drag Nifty towards another important support of 19,350 levels in the near term. Immediate resistance is placed around 19,650 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Economic Times

7 commodity stocks hit 52-week high on Friday; rally up to 40% in a month - about 1 year ago
During Friday's trading session, the Sensex benchmark index dropped 232 points, concluding the day at 65,398. Despite the market's sharp decline, 7 stocks listed on the BSE commodities index reached their highest price in the last 52 weeks. The 52-week high is of great importance to certain traders and investors because it serves as a crucial technical indicator for assessing a stock's current worth and for predicting potential price variations. It signifies the highest price at which a stock has traded throughout the past year.
Economic Times

Sensex declines for 3rd consecutive day, drops 232 pts; Nifty below 19,550; IGL plunges 12% - about 1 year ago
Benchmark stock indices Sensex and Nifty fell for the third day running on Friday due to weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments amid strengthening US bond yields which are nearing 5 per cent for the first time since 2007. The 30-share BSE Sensex fell 231.62 points or 0.35 per cent to settle at 65,397.62. During the day, it plunged 320.63 points or 0.48 per cent to 65,308.61. Falling for a third straight day, the Nifty declined 82.05 points or 0.42 per cent to 19,542.65.
Economic Times

Oil India, Welspun Corp among 5 stocks with bearish RSI - about 1 year ago
Learn how to navigate the delicate balance of overbought stocks with bearish Relative Strength Index (RSI) trends and why understanding this interplay is crucial for investors.
Economic Times

Cyient, UltraTech Cement among 5 stocks with RSI trending up - about 1 year ago
Discover the power of Relative Strength Index (RSI) and its role in identifying potential investment opportunities as we spotlight five stocks showing strong RSI trends.
Economic Times

Angel One, TVS Motors among 5 overbought stocks with RSI above 70 - about 1 year ago
Discover the significance of the Relative Strength Index (RSI) and explore five stocks that have ventured into overbought territory, and why this balance is vital for investors.
Economic Times

HAL, Cochin Shipyard among 5 stocks with RSI trending down - about 1 year ago
Understand the significance of the Relative Strength Index (RSI) and its implications on stock movements through five handpicked stocks that are experiencing a decline in their RSI.
Economic Times

Equitas Small Finance Bank rose 3% as Q2 PAT surges 70% YoY - about 1 year ago
The bank's net interest margin however fell to 8.43% from 9% in the year ago quarter. Net interest income grew 26% year-on-year at Rs 766 crore while other income rose 25% to Rs 181 crore.
Economic Times

Ashok Leyland, Motherson Sumi Wiring among 8 midcap stocks that cross 20-day SMA - about 1 year ago
Several midcap stocks in the Indian market showcased significant movements by surpassing their 20-day SMA, indicating potential changes in their stock trends.
Economic Times

Sensex falls for third day, ends 232 points lower; FMCG stocks drag - about 1 year ago
From the Sensex pack, ITC, Tata Steel, and HUL were the top laggards, falling over 2% each. SBI, JSW Steel, and Power Grid also ended lower, while Kotak Bank, IndusInd Bank, TCS, and NTPC closed higher. Tata Communication closed 3.7% lower after the firm reported a 58% YoY decline in consolidated profit after tax to Rs 221.26 crore for the second quarter of FY24.
Economic Times

Aditya Birla Capital, Berger Paints, 5 more stocks cross 100-day SMA - about 1 year ago
Several major stocks in the Indian market demonstrated significant moves by crossing their 100-day SMA, signaling potential shifts in their stock trends.
Economic Times

Paytm, Bajaj Auto among 5 Nifty 200 stocks which hit new 52-week highs on Friday - about 1 year ago
In a day marked by remarkable market activity, several Nifty 200 stocks achieved significant milestones by reaching new 52-week highs on October 20.
Economic Times

These 9 multibagger stocks are trading below their industry PE levels - about 1 year ago
According to Trendlyne data, these 9 Nifty500 stocks that have given multibagger returns in the past one year are trading below their industry price-to-earnings (PE) levels. Low PE stocks are considered valuable and are best suited for long-term investment horizons. Here’s the full list:
Economic Times

IndusInd Bank among 7 large cap stocks that surpass 50-day SMA - about 1 year ago
Several largecap stocks in the Indian market demonstrated significant movements by surpassing their 50-day SMA, signaling potential changes in their stock trends.
Economic Times

ICICI Bank, ITC among 5 Nifty stocks with golden crossover pattern - about 1 year ago
Delve into the significance of a Golden Crossover and why it's essential for investors, as we explore five Nifty stocks that have recently experienced this bullish pattern.
Economic Times

Birla Tyres shares to delist from exchanges after NCLT nod to resolution plan - about 1 year ago
Birla Tyres has been in the business of manufacturing tyres for 25 years. It earlier had a collaboration with Italian tyre manufacturer Pirelli. The company was demerged from the group's flagship firm Kesoram Industries in 2018.
Economic Times

Equitas SFB, BSE, 6 other small cap stocks hit all-time highs on Friday - about 1 year ago
In a day filled with exceptional market activity, several small-cap stocks reached new all-time highs on October 20, highlighting their impressive performance and growth potential.
Economic Times

9 stocks, held by at least 25 MFs, declined 25-85% in CY23 - about 1 year ago
On Friday's mutual fund analysis, ETMarkets focused on stocks with the poorest performance in the calendar year 2023, specifically those held by at least 25 MF schemes.Of approximately 411 stocks held by 25 or more MF schemes, 76 have posted negative returns in CY23 so far. The emphasis is on stocks that have experienced a significant decline of over 25%. Applying the metric we have listed out 9 stocks that fit the bill. Monitoring stocks that are held by a considerable number of mutual funds and have undergone substantial corrections is essential because mutual funds generally make their investment decisions after conducting thorough research. (Data Source: ACE MF, ACE Equity).
Economic Times

Nifty Financial Services index stocks: Will they decline sharply as US bond yields inch up and go into risk-off mode? - about 1 year ago
Whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services stocks which include banks, both private and public sector and other heavyweights which essentially are part of the financial services. The reason, high ownership of foreign portfolio investors ( FPIs) in the majority of financial services and banking stocks. Given the fact that yields on US bonds have reached closer to 5 percent mark and there are clear fears looming on the street, about an increase in global cost of capital.
Economic Times

Tanla Platforms shares jump 9% as Q2 profit rises 29% YoY - about 1 year ago
Tanla Platforms’ revenue for the second quarter surged 18.5% on year to Rs 1,008.60 crore, marking the first quarter where the topline crossed the Rs 1,000-crore mark. The rise in topline was aided by a 7% growth in organic revenue and 27% in the digital platforms segment.
Economic Times

Infosys & 7 other stocks that will trade ex-dividend next week - about 1 year ago
Here is a list of 8 stocks, which shall trade ex-dividend next week. Their record dates also coincide with their ex-dates. This means investors need to appear on the shareholders' list by then to be eligible to receive the dividend amount. Take a look: (Source | StockEdge)
Economic Times

Finally coming out of the woods? 4 home finance stocks with upside potential of up to 30% - about 1 year ago
Till a few months back If any global investor wanted to take exposure to the housing finance sector in India. The first choice would be HDFC ltd, Post the mergers with HDFC bank, to take exposure to HDFC, investors will have to buy HDFC bank, which they may or may not do, given constraints under which each fund works. So one of the unintended consequences of this merger of HDFC Ltd and HDFC bank has been that other pure housing finance stocks have a higher probability of getting attention from investors. Now this has happened at a time when after a long phase of headwind and turbulence in which the sector saw many companies going down under and some exchanging hands, some respite has emerged and some tailwinds are emerging.
Economic Times

IGL shares fall 10% after Jefferies downgrade following Delhi EV policy - about 1 year ago
The price action was accompanied with significant volume action as over 58.85 lakh shares were on the block around 10 am on the NSE.
Economic Times

ITC shares see 2.7% fall post Q2 earnings. Should you buy? - about 1 year ago
Nifty FMCG index was the worst performing index and was trading more than 1% or 600 points lower from Thursday's closing level.
Economic Times

Tata Communications shares fall 3% after Q2 profit plunges 58% YoY - about 1 year ago
Tata Communications’ fall in net profit comes even as revenue from operations saw a 10% jump on-year to Rs 4872.5 crore in the September quarter as compared to Rs 4430.74 crore in the corresponding quarter of last year
Economic Times

RVNL shares rise 4% on winning orders worth Rs 420 crore - about 1 year ago
The company also received the same work order from Western Railways for the Petlad-Bhadran (22.5 km) stretch of the Vadodara division. The Rs 174.27 core order, too, has to be completed in 24 months.
Economic Times

ITC shares fall over 2% amid selling in top FMCG stocks - about 1 year ago
Nifty FMCG index was the worst performing index and was trading more than 1% or 600 points lower from Thursday's closing level.
Economic Times

A deep dive into monetary policy in India – Its evolution and impact - about 1 year ago
Policy instruments are meant to regulate the overall level of credit in the economy through commercial banks. Selective credit controls aim at controlling specific types of credit. They include changing margin requirements and regulation of consumer credit.
Economic Times

HUL shares fall 2% on mixed Q2 earnings, target cuts by brokerages - about 1 year ago
FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net profit at Rs 2,717 crore for the quarter ended September 2023.
Economic Times