Big Movers on D-St: What should investors do with RIL, MRPL and ONGC? - 3 days ago
Stocks that were in focus included RIL which fell more than 7 per cent, MRPL which was down nearly 10 per cent, and ONGC which saw a dip of over 13 per cent.
Economic Times

KDDI shares fall nearly 4% after its biggest service outage - 3 days ago
KDDI said in a statement at 9:00 a.m. on Monday (0000 GMT) that data transmission had been broadly restored but users might experience difficulty in making voice calls due to restrictions. The disruption, which began in the early hours of Saturday morning, was caused by equipment malfunction and affected services from weather data to parcel delivery and banking.
Economic Times

FMCG, electronic goods see lower sales in June vs May - 3 days ago
The June quarter, however, saw growth of 14% due to a low base last year, stemming from the Covid second wave-led demand impact. Over the past year, shrinkflation, or reduction in pack sizes without lowering prices, has helped companies post value growth as volume declined.
Economic Times

Sebi’s sustainability reporting rule ups demand for ESG tools - 3 days ago
The capital markets regulator has made business responsibility and sustainability reporting (BRSR) compulsory for the top 1,000 listed firms by market capitalization from 2022-23.
Economic Times

Sebi seeks information on companies with high ratings via 'support structures' - 3 days ago
Sebi has asked credit rating agencies to share information on all corporates whose ratings are propped up with promoter or parent guarantees and pledge of shares. The capital market regulator has also sought details on companies which have been refusing, often for years, to share data with rating firms.
Economic Times

Corporate Radar: JSW Steel, Petronet LNG to turn ex-dividend; bonus issue, stock splits and more - 3 days ago
Marshall Machines, Trade-Wings, Aroma Enterprises, Mewat Zinc and Eastern Sugar & Industries are among the companies which will announce their quarterly earnings today. EKI Energy Services will go ex-bonus today in the ratio of 3:1.
Economic Times

Stocks in the news: NTPC, D-Mart, JSW Steel, HDFC Twins and auto stocks - 3 days ago
The proposal of merger of HDFC with its banking subsidiary HDFC Bank, the biggest transaction in India's corporate history, has got approval from stock exchanges.
Economic Times

Asian shares cautious as Wall Street futures slip - 3 days ago
"However, we expect consensus profit margin forecasts to fall which will lead to downward EPS revisions whether or not the economy falls into recession." Earnings season starts of July 15 and expectations are being marked lower given high costs and softening data.
Economic Times

No adverse observations from bourses for proposed merger, says HDFC Bank - 3 days ago
The bank added that the merger is subject to several statutory and regulatory approvals, including those from the Reserve Bank of India, Competition Commission of India, the National Company Law Tribunal, and the respective shareholders and creditors of the companies.
Economic Times

Nifty needs to sustain above 15,800 to move towards 16,300: Analysts - 3 days ago
Investors can use this decline to add good quality stocks from auto, private banking, financial and consumption sectors, while traders are suggested to play with bounceback move with proper position sizing to deal with this volatile market.
Economic Times

ITC investors' patience may be finally paying off - 3 days ago
Analysts said the maker of Bingo chips and Gold Flake cigarettes is becoming a big draw among investors as it is less impacted by input cost inflation, has a high dividend yield, growing consumer business and recovering hotels business along with strong growth prospects in the cigarettes business, which is its mainstay.
Economic Times

HDB Financial Services loses half its market value in a year - 3 days ago
"The shares of HDB Financial have fallen nearly 50% from the peak of ₹1,200 hit in the early half of 2020; this is largely due to the lagging financial performance and the regulatory overhang," said Rahul Thalia, director, Sarffin Financial Advisors. "The shares had also risen due to expectations that an IPO was in the offing but the proposed merger has also cast a doubt over those plans."
Economic Times

HDFC to raise $750 m offshore debt to lend for affordable housing - 3 days ago
The loan may be priced after adding 110-120 basis points over and above the term SOFR (Secured Overnight Financing Rate), a global rate gauge that is yielding around 2.63% now. If the borrower hedges the full funds it may have to pay another 400-450 basis points going by current cost of currency risk covers in the forwards market.
Economic Times

Windfall tax could erode earnings of oil companies, refiners by 5-15% - 3 days ago
Stocks of refiners and explorers plunged last week after the government announced the tax. ONGC and Reliance Industries (RIL) were the leading Nifty decliners Friday: The state-run oil explorer lost more than 13% while RIL, the biggest stock on the gauge, fell more than 7%.
Economic Times

Stock Radar: Buy Cummins India for a target of Rs 1120 in next 1-2 months, says Gaurav Bissa - 3 days ago
"Cummins Ind has been one of the most stable names among NSE500 index. The stock witnessed some consolidation in last few weeks but during this time it still managed to form higher highs and higher lows which is characteristic of an uptrend," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

​Investors accuse Zomato of late Blinkit disclosure in letter to Sebi - 3 days ago
The investors said in a June 29 letter to the Sebi chairman that news about the potential acquisition had been reported in the press and was doing the rounds on social media for more than a month before the deal was announced.
Economic Times

Stock Radar: Cummins India playing a Rahul Dravid-like innings in stock market, says Gaurav Bissa - 3 days ago
On the weekly charts, the stock from the capital goods space is trading in a rising channel which suggests that the momentum is strong and traders with a time horizon of 1-2 months could look at buying the stock now or on dips for a potential target of Rs 1,120-1,150, suggest experts.
Economic Times

Outfoxing the bears: These stocks can give good returns - 3 days ago
The Nifty Mid-cap index declined nearly 13% in 2022, while the Nifty Small-cap fell 25%. Earnings estimates by analysts saw net downgrades in June, marking the seventh consecutive month when next year’s estimates have been cut.
Economic Times

12 things that’ll decide stock action on Monday - 4 days ago
Naraj Shetti, Technical Research Analyst, HDFC Securities, said the short-term trend of Nifty continues to be range-bound. “But Friday's sharp upside recovery from the lows hints at the possibility of more upside for the market ahead. A sustainable upmove above 15,900-15,950 levels could bring bulls back into the market and that could possibly pull the Nifty towards the next upside levels of 16,200-16,300 levels quickly. Immediate support is placed at 15,630,” he said.
Economic Times

10 things that’ll decide stock action on Monday - 4 days ago
Naraj Shetti, Technical Research Analyst, HDFC Securities, said the short-term trend of Nifty continues to be range-bound. “But Friday's sharp upside recovery from the lows hints at the possibility of more upside for the market ahead. A sustainable upmove above 15,900-15,950 levels could bring bulls back into the market and that could possibly pull the Nifty towards the next upside levels of 16,200-16,300 levels quickly. Immediate support is placed at 15,630,” he said.
Economic Times

Weekly Options Strategy: Keep target at 16,000-16,200, go for bull call ladder - 4 days ago
From the data perspective, Call open interest for the coming weekly settlement is visible at 16,000 strike while the Put base is placed at ATM 15600 strike. Hence positive bias should continue till Nifty is sustaining above 15,600 levels and it may attempt towards 15900/16000 levels in coming sessions.
Economic Times

Confused on how to pick stocks in a volatile market? Here’s a checklist - 4 days ago
For investors with a 3-5 year horizon, here is a checklist from Ram Kalyan Medury, Founder and CEO of Jama Wealth, that one should follow while picking stocks in a volatile environment. Ensure stocks have strong ROOTS, i.e. robust balance sheets with low debt. Volatile times might cause fragile companies to collapse. Having low debt helps tide over bad times.
Economic Times

Day Trading Guide: HDFC Bank among 4 stock recommendations for Monday - 4 days ago
The benchmark indices extended their losing streak to the third session as the Sensex ended 111 points or 0.21 per cent lower at 52,907.93. The Nifty fell 28.20 points but closed above the 15,700 mark."For the coming week, there are many hurdles for the index Nifty on the upside. Initially the swing high near 15,900 would be a crucial resistance which would be followed by gap area of 16,000/16,200. On the downside, 15500 could be a strong support since we are witnessing a hammer like formation. Traders are advised to remain stock specific and light since the secondary trend still remains weak," said Mehul Kothari, AVP, Technical Research, Anand Rathi Shares & Stock Brokers.
Economic Times

Global factors, crude oil, macro data among key factors driving market this week - 4 days ago
"This week marks the beginning of the earnings season and IT major TCS would announce its numbers on July 8. Participants will be closely eyeing its results for any change in the guidance amid fears of a global slowdown. "Besides, performance of global indices, crude movement and updates on the ongoing tussle between Russia and Ukraine will be in focus," Ajit Mishra, VP - Research, Religare Broking Ltd, said.
Economic Times

Three of top 10 firms lose Rs 73,630 cr in m-cap; RIL biggest drag - 4 days ago
However, the combined gain of the seven firms at Rs 49,441.05 crore was less than the total loss suffered by the three companies.Last week, the Sensex climbed 179.95 points or 0.34 per cent, while the Nifty gained 52.80 points or 0.33 per cent.The market valuation of Reliance Industries Ltd (RIL) declined by Rs 62,100.95 crore to reach Rs 16,29,684.50 crore.
Economic Times

Buying stocks on dips? American data scientist has some bad news for you - 4 days ago
Although the two investing strategies might sound the same, in reality they are two different concepts. DCA, or rupee-cost averaging in the Indian context, means investing a fixed amount at regular intervals irrespective of whether the stock prices are going up or down.
Economic Times

FPI exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - 4 days ago
Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 - the highest-ever net withdrawal by them. Before that, FPIs withdrew Rs 52,987 crore in the entire 2008, data with depositories showed.
Economic Times

JPMorgan’s Aronov ignores the ‘cash is trash’ chorus - 4 days ago
“I’ve been hearing about investors losing money sitting in cash, and that cash is trash for as long as I’ve been in this industry,” she said on this week’s episode of “What Goes Up.” “But the reality is that if you have been in cash for the last five years, you’ve essentially outperformed the Bloomberg Aggregate index year-to-date, over one year, three years, and, depending on the day, yes, even five years.”
Economic Times

ETMarkets Smart Talk: Dr Vikas Gupta explains how to build a smart portfolio with scientific investing - 4 days ago
“We follow something called scientific investing which is our proprietary investment framework – the OmniInsight concept,” says Dr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital.
Economic Times

The worst stock selloff in half a century might not be done yet - 5 days ago
Coming off the worst first-half since 1970, US equities now face a triple whammy of sticky inflation, recession risks and the threat to corporate profits from sinking consumer confidence. After just about everyone on Wall Street got their 2022 predictions wrong, investors are now focused on a toxic mix that spells stagflation, as well as more damage to valuations.
Economic Times

Dalal Street Week Ahead: Nifty fall below 15,400 may spark more weakness - 5 days ago
Nifty is also facing resistance at short-term 20-DMA which presently stands at 15,827. On the support side, coming back to the weekly charts, Nifty has successfully held on to the 100-week MA which presently stands at 15,404. It would be crucially important for Nifty to stay above this 100-week MA on a closing basis.
Economic Times

Kotak Securities sees another 15% downside in MRPL, maintains 'sell' tag - 5 days ago
The Ministry of Finance on Friday increased export duties on select petroleum products and announced an additional windfall tax on gains made by domestic refineries.
Economic Times

Is India back to managing macro-stability? - 5 days ago
The imposition of export duty on oil products is estimated to garner Rs 655 billion on an annual basis. But it comes as a detriment to corporate profits, just like the earlier move to impose a 15% export duty on steel has made steel exports uneconomical, thereby increasing inventory level and depressing price realization for steel players in the domestic markets.
Economic Times

Monroe Trout's investment tips to become a successful trader - 5 days ago
Hedge fund manager Monroe Trout believes in order to become a good and successful trader it’s very important for investors to be rational and have their emotions under control. According to Trout, a successful trader is rational, analytical, able to control emotions, practical, and profit-oriented.
Economic Times

Some investors bet top growth stocks will thrive in US recession - 5 days ago
Many stalwarts like Microsoft Corp, Apple and Google-parent Alphabet Inc have suffered declines on par with or exceeding those in broader stock indexes this year, as jumbo rate hikes delivered by an inflation-fighting Federal Reserve hit the tech and growth names that led markets in previous years.
Economic Times

ETMarkets Learning Guide: Why averaging is good for an investor & bad for a trader - 5 days ago
Investment tools for the two categories are often different. An investor would opt to buy large-cap shares and invest in bonds & mutual funds. Traders would prefer more volatile small & midcap shares and also use commodity & currency market fluctuations to make quick profits.
Economic Times

Why sell now, buy later may not be the right strategy in this market - 5 days ago
Indian stock markets are still expensive on an aggregate basis notwithstanding the higher growth that India is witnessing versus other emerging markets. Countries across the world are now targeting inflation by raising interest rates to counter inflationary pressures.
Economic Times

Zomato, Star Health among BSE500 stocks that tanked up to 20% in volatile week - 5 days ago
Stock price movements in the near-term will be in anticipation of better-than-expected Q1 results in these segments. Metals stocks are likely to bottom out absorbing the poor Q1 results.
Economic Times

Is Nifty PE bidding adieu to bears? Here’s what the charts are telling us - 5 days ago
Now today, we will have a look at one of the most popular fundamental metrics – price to earnings ratio. The Nifty50 PE ratio hit 19.87x on 12th May 2022 for the first time this fiscal. It hit a low of 18.92x on 17th June, the day Street witnessed a violent blood bath.
Economic Times

Looking for opportunities in volatile market? Here are 5 technical stock picks - 5 days ago
The undertone of the market continues to remain negative amid weak global cues, rising inflation and relentless selling by foreign institutional investors. On Friday, the benchmark indices extended their losing streak to the third session as Sensex settled 111 points or 0.21 per cent lower at 52,907.93."Nifty is trading in a secular downtrend and is currently struggling near the critical support of the 15,700. On the technical front, Nifty has key support around 15,700 sub-zone, breaching which 15,500 could be seen as an immediate cushion while the sacrosanct support lies around the 15,200-odd zone," said Osho Krishan, Senior Analyst – Technical & Derivative Research, Angel One.Here are 5 technical stock picks from Osho Kishan to make most of the market volatility.
Economic Times

Technical view: Looking for opportunities in a volatile market? Here are the top 5 technical stock picks to bet on - 5 days ago
"The 16000 mark is likely to act as the sturdy wall for the bulls, and any respite from the global market could only lead the Nifty to march upwards. Also, once the 16000-mark breaches, a strong short-covering rally could be seen in the market," says Osho Krishan, Senior Analyst – Technical & Derivative Research, Angel One Ltd.
Economic Times

Shares of refiners, producers tumble - 5 days ago
Among oil producers, ONGC tumbled 13.4%, Oil India slumped 15.1% and Vedanta declined 4% while among refiners, Mangalore Refinery & Petrochemicals Ltd (MRPL) fell 10% and Chennai Petroleum Corporation Ltd (CPCL) shed 5.2%. The BSE Energy index was the biggest laggard among sector indices, down 4%.
Economic Times

Why do smallcaps falter before reaching full bloom? Saurabh Mukherjea gives 4 reasons - 5 days ago
“However, this trend changes completely once these stocks enter the index. Quite contrary to their performance pre-entry, new entrants into the BSE500 on an average underperform the BSE500 by 11% p.a. over three years post the entry,” says Mukherjea, whose firm handles over Rs 11,000 crore worth of HNI and institutional funds.
Economic Times

FIIs dump Indian stocks worth Rs 50,000 crore in June. Is the worse ahead? - 5 days ago
The relentless FPI selling has to be seen in the context of steadily rising dollar and bond yields in the US, Vijayakumar said, adding that FPIs are selling more in countries with rising current account deficits (CAD) like India because the currencies of such countries are vulnerable to further depreciation.
Economic Times

Wall St Week Ahead-Investors brace for pivotal July after dismal first half - 5 days ago
"We could really use just slightly less bad news in July," said Eric Kuby, chief investment officer at North Star Investment Management. "Hopefully, it could turn the back half of 2022 in a more favourable light."
Economic Times

Wall Street ends first day of third quarter with solid rebound - 5 days ago
"We're headed into the holiday weekend and having a late-day relief rally," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. "But we'll likely have to wait until investors return from the holiday weekend to see if it's sustainable at the start of the new quarter."
Economic Times

Stopping yourself from overtrading is meditation: Sachin Gupta - 5 days ago
5-days a week, permanent off over the weekend, no presentation or yearly targets – some might call this a dream life, but for a trader, it is not a dream job as it comes with its own set of challenges, Sachin Gupta, CEO & Whole Time Director, Share India explains.
Economic Times

Richest billionaires lose $1.4 trillion in worst half ever - 5 days ago
It’s a sharp departure from the previous two years, when the fortunes of the ultra-rich swelled as governments and central banks unleashed unprecedented stimulus measures in the wake of the Covid-19 pandemic, juicing the value of everything from tech companies to cryptocurrencies.
Economic Times

Mind Over Money: Sachin Gupta shares 12-point checklist for traders to maintain mental health - 5 days ago
Traders who are under constant pressure due to volatility should practice yoga at least 5 times a week and do Pranayama to maintain mental health for better decision making and managing stress, recommends Gupta who has over 20 years of trading experience.
Economic Times

Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake - 5 days ago
Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion.
Economic Times