Nifty can touch 17,500, needs some FPI push: Analysts - over 1 year ago
​ The Nifty seems poised for further upside towards the 17,500-17,700 level. However, this zone would be a tough nut to crack since we have a gap area near 17,500, and the upper end of the falling channel is near the 17,700 mark. The markets won’t have a unidirectional move in the first half of 2023.
Economic Times

IL&FS pays Rs 920 crore to secured creditors of CNTL - over 1 year ago
After Cube Highways' proposed deal for CNTL fell through, IL&FS opted to resolve it through an InvIT. IL&FS did not extend the deadline of the purchase agreement signed with Cube for the sale of the road asset housed under IL&FS Transportation Networks Limited.
Economic Times

SBM Bank blocks its corporate credit cards till KYC info is updated - over 1 year ago
The block was implemented from the midnight of March 31 following which customers have not been able to transact with these cards, these people said.
Economic Times

Emerging market era more grind than go-go after rough start - over 1 year ago
A turn-of-year rally, spurred by odds of a less-aggressive Federal Reserve and Chinese growth, soon turned tenuous as global banking turmoil shook investor confidence. Those jitters caused developing stocks to pare an early gain, ending the quarter up just 3.5% about half the return of developed-market peers. EM dollar debt gained 1.7%, less than other global fixed-income segments.
Economic Times

Stock Radar: This shipping stock is a good buy on dips post breakout from falling trendline resistance - over 1 year ago
The Great Eastern Shipping Company stock has broken out from a falling trendline resistance on daily charts, with the Supertrend indicator triggering a bullish sign, suggesting more upside ahead. Short-term traders are recommended to buy the stock now or on dips towards Rs 620 for an upside target of Rs 660. The Relative Strength Index (RSI) is at 66.0, indicating a continuation of the uptrend.
Economic Times

Many quality stocks available cheap, get your buy list ready - over 1 year ago
Stocks such as ONGC, Tata Steel, SBI Cards, UPL, HDFC Asset Management Company, and Tata Power, among others, are trading at more than 25% discount to their long-term average price to earnings (PE) ratio - a popular valuation measure. According to Bloomberg consensus estimates of analysts, many of these stocks could return over 20%.
Economic Times

With crises behind, will RBI dust off the liquidity framework? - over 1 year ago
Since the last MPC meeting in February, global financial markets have come full circle. Traders' bets have swung like a pendulum - from monetary easing to overcome an economic recession, to tightening to fight against inflation, and finally to easing for the sake of financial stability. All of that occurred in a matter of four months.
Economic Times

Stock Radar: Buy GE Shipping for a target of Rs 665, says Ruchit Jain - over 1 year ago
"Post the recent corrective phase in January and February, GE Shipping stock has resumed its ‘Higher Top Higher Bottom’ formations after showing a positive divergence around the recent lows," Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

3 common mistakes to avoid while planning your investments in FY24 - over 1 year ago
When I was young, I wish somebody had told me about the common mistakes that investors often make. Reviewing the strategy is a potential chance to learn and grow by watching what has derailed our efforts. As we enter FY 23-24, it is a great time to make a resolution to avoid these common mistakes and stay aligned with our financial goals.
Economic Times

What if I was the Fed Chair? - over 1 year ago
The Federal Reserve's failure to recognize inflation as more than just a transitory issue led to a rapid interest rate hike causing significant losses for banks. The Fed should have realized the potential losses and done more to identify risks associated with its actions. The rapid rise in interest rates was beyond the career memory of almost all market participants, which should have been a warning sign for regulators. The Fed infused liquidity to keep faith in the banking system, which partly undid its own monetary tightening through interest rates.
Economic Times

Managing wealth: What changes for your investments in FY24 - over 1 year ago
The financial year 2023-24 comes with several regulatory changes affecting equity markets, mutual funds, and other schemes. The government has increased Securities Transaction Tax by 25% on futures and options contracts, which means an increase in STT on options and futures contracts. Income from debt mutual funds will now be classified as a short-term capital gain, which restricts LTCG benefits for investments beyond March 31, 2023.
Economic Times

Market Trading Guide: Coforge among 5 stock recommendations for Monday - over 1 year ago
Indian equities ended Friday’s session with robust gains on the back of positive global cues and across the board buying. Sensex settled with gains of 1031 points, while Nifty settled above 17,350, up 279 points. Sectorally, IT pack led the gains notching higher by over 2%, followed by private bank and realty index.“Bulls remained at the helm as the benchmark Nifty closed well above the crucial resistance level of 17250. On the daily chart, the index has moved above the recent consolidation, suggesting a rise in optimism. The momentum oscillator RSI has entered a bullish crossover. The trend is likely to remain strong as long as it remains above 17200. On the higher end, the next important level is 17500–17600, where bears will be waiting,” Rupak De, Senior Technical Analyst at LKP Securities, said.Here are stock recommendations for Monday:
Economic Times

India macro: Rare comfort from current account? - over 1 year ago
benefiting immensely from this larger digitization trend. The sharp growth in services exports from Global Capability Centers (GCCs) is the case in point. GCCs are the captive units of multinationals set up in India to render research, professional, engineering and tech services.
Economic Times

Adani share block deal aids FPI investment in equities turn positive in Mar - over 1 year ago
Moreover, going ahead, FPIs may not turn aggressive sellers due to domestic factors like an impressive turnaround in current account deficit (CAD), which has improved substantially due to rising exports.
Economic Times

Will the stock market remain closed for two days this week? - over 1 year ago
Indian stock markets will remain closed on April 4 and April 7 due to public holidays for Mahavir Jayanti and Good Friday. Moreover, the multi-commodity exchange too will be closed on April 4 till 5 pm and on April 7 for a full day. Last week markets ended FY23 on a strong note with nearly 2% growth, despite Nifty having a flat closing (-0.6%). The focus now remains on RBI’s policy meeting expected to take place later this week
Economic Times

Why looking at this ratio is better for wealth creation - over 1 year ago
Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. For our analysis, we have selected only those stocks which have the PEG ratio of less than or equal to 1.3. It is an effective financial metric that throws light on a company’s price with respect to its future earnings growth potential over a specified period.
Economic Times

Mcap of nine of 10 most valued firms jumps Rs 2.34 lakh cr last week - over 1 year ago
The market valuation of Reliance Industries zoomed Rs 86,317.26 crore to Rs 15,77,092.66 crore, the most among the top-10 firms.
Economic Times

Rs 85,000 cr m-cap loss! Can new-age stocks' fortune turnaround in FY24? - over 1 year ago
Five out of six new-age stocks that made their way to Dalal Street during the flourishing market period of 2021 have suffered double-digit cuts between 16-52% in financial year 2023, causing an erosion of Rs 84,742 crore in market cap. The lack of valuation comfort and a rising interest rate environment turned high-growth stocks into wealth destroyers. Nykaa suffered the maximum losses at 53%, trailed by Zomato, CarTrade Tech, Delhivery, and PB Fintech.
Economic Times

This smallcap has risen 160% in 3 years; announces interim dividend - over 1 year ago
Visaka Industries has declared an interim dividend of Rs 7 per equity share for the financial year 2022-23. The company's record date for determining the eligibility of shareholders for said dividend payment has been set on April 12. The company's stock has gone up by 160% in the last three years and had a 1.35% increase on April 2 to a closing price of Rs 342 per share.
Economic Times

Learn with ETMarkets: Want to understand price trends? Here are 6 key techniques - over 1 year ago
Nevertheless, Tara faced a new challenge of determining how to identify a trend. With a wise smile, Dev replied that there were several techniques to identify trends in the financial markets.
Economic Times

Veteran money managers bail on stock rally with Fed hawks flying - over 1 year ago
Prominent money managers have stopped chasing the latest stock rally, reasoning that expectations for easier Federal Reserve monetary policy are overblown with inflation still running hot. Should any rate cuts come, they would be intended to halt an economic downturn that also would bode poorly for equity returns, their thinking goes.
Economic Times

SVB’s fall stunned even the one stock analyst who recommended sell - over 1 year ago
Diana remained Wall Street’s biggest bull, with a $500 price target on the stock right before the bank’s demise. He didn’t pull his buy rating until Silicon Valley Bank was taken over by the Federal Deposit Insurance Corp. on March 10. Diana declined to comment
Economic Times

Long term industry trends or Covid narrative? 4 hospital stocks with an upside potential of up to 42% - over 1 year ago
As rising Covid cases in the country once again make headlines, a narrative around diagnostic and hospital stocks will come into focus very soon. Should you do narrative based investing the answer is no. Now the question is, should one look at the long term trend and invest in healthcare as a sector. The answer is yes.
Economic Times

Long-term investing: 5 midcaps with high ROE & consistent ROCE - over 1 year ago
Every sector has different operating conditions which have high correlation with returns companies in that particular industry are able to generate. Whether it is ROCE, ROE or net margins all is dependent on the underlying business. The bigger question is how sustainable that number is as that is what determines whether they are able to generate long term wealth or not.
Economic Times

RBI meeting, FII action and rupee movement among top 10 factors that will sway Dalal Street this week - over 1 year ago
Indian markets started the new financial year with strong gains despite a holiday-shortened week. However, next week is likely to be more challenging as there are several domestic and international events lined up, including the RBI monetary policy meeting, the movement of Brent and US crude oil prices, and the rupee's fluctuation against the US dollar. Technical elements will play a significant role with dips providing opportunities to add long positions in the index.
Economic Times

What are multibagger stocks? - over 1 year ago
Multibaggers are typically offered by newly launched companies, meaning these stocks carry a higher level of risk. However, they are also capable of providing substantial returns on investment. Fortunately, there are strategies for identifying these stocks. For more detailed information, watch the video.
Economic Times

Sebi bans 3 individuals from securities mkt for 2 yrs; fines Rs 90 lakh in ZEEL insider trading case - over 1 year ago
Accordingly, Sebi has restrained these individuals "from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years."
Economic Times

Dalal Street Week Ahead: Tread cautiously! Nifty faces stiff hurdle at 17,500; keep an eye on VIX - over 1 year ago
Another thing that again raises caution is a very sharp decline in volatility. India VIX came off by 15.12% to 12.94. This warrants a high degree of caution while we follow any further moves in the markets.
Economic Times

NSE cuts Nifty Bank lot size. How it impacts retail traders - over 1 year ago
"Earlier when the lot size of Nifty Bank was reduced to 25 from 40, we had seen a sharp increase in retail participation. This time too, I am sure that the move will encourage more retail participation," Bengaluru-based derivative trader Rajesh Sriwastava told ETMarkets.
Economic Times

How retail investors can ace the index - over 1 year ago
According to the study, about 65% of investors are unaware of their exact stock market returns. It might be attributable to the enormous number of transactions they made, not taking into consideration the length of time, capital gains and dividends earned, leverage used, and so on.
Economic Times

Lockdown traders need to look for alternate strategies - over 1 year ago
In case the market goes against it, the decay in premiums helped cover the MTMs. So much so that trading on expiry became a thing and some of the algo management firms got to managing 100cr+ trading portfolios within a short period of time.
Economic Times

John Murphy's 10 trading laws to identify buying & selling opportunities - over 1 year ago
Famous technical analyst John Murphy believes that technical analysis is the study of market performance, using price charts, to predict future price direction.He says technical analysts, with the help of charts, can quickly take advantage of price changes without necessarily knowing the specific reasons behind them.He argues that rising prices indicate a fundamental uptrend and that falling prices reflect a declining trend.According to Murphy, another advantage of technical analysis is that market price is usually the main indicator and benchmark. Thus, chart action can warn a fundamental analyst that something crucial is happening below what is visible at the surface.
Economic Times

6 smallcap stocks with high ROE & consistent return on capital employed - over 1 year ago
Investing in small cap stocks is one of the toughest challenges for any investor. However, if an investor gets his decision right, the returns on investment on getting (ROI) are high. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting some parameters like net margins and return on equity.
Economic Times

Emergence of ESG compliances & its impact on MF landscape in India - over 1 year ago
Interest from investors and in turn the mutual fund industry is bound to precipitously expand given the global scenario of climate awareness as well as the benefits (including economic) of responsible business practices.
Economic Times

Rs 75,000 crore selloff! FIIs dump both bank and IT stocks in FY23 - over 1 year ago
While the Street is hopeful that FIIs will turn net buyers in FY23 once fears around recession and global banking turmoil eases along with the peaking of Fed's rate hike cycle, analysts are bullish on banks but cautious on IT stocks.
Economic Times

LIC raises stake in Bata India to 5.008% from 4.472% - over 1 year ago
Promoter & promoter group holding in the company stood at 50.16% at the end of the December quarter, according to the BSE website. The latest shareholding at the end of the March quarter is yet to be updated on the website.
Economic Times

Learn with ETMarkets: What is Strike Price in options trading? All you need to know - over 1 year ago
But stock prices keep fluctuating every single second in the live market hours. Premium of Call and Put will also fluctuate every second, and this creates trading opportunities. As a trader you can buy only CE/PE or both (if needed) and can sell it when the price of these premiums goes up.
Economic Times

Weekly Top Picks: 4 stocks with consistent score improvement & upside potential of up to 68% - over 1 year ago
Is the up move of Nifty on friday, a dead cat bounce or it is the start of a sustainable rally. Rather than worrying about it is better to focus on stocks. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

Sebi probing some Adani offshore deals for possible rule violations: Report - over 1 year ago
Vinod Adani, Gautam Adani's brother, is either a beneficial owner, director or has links with those three offshore entities, said the two sources, adding the regulator, the Securities and Exchange Board of India (SEBI), is probing if lack of that disclosure violated 'related party transaction' rules.
Economic Times

Downgrade in future earnings growth could pose biggest risk to markets in FY24 - over 1 year ago
While in March, the Fed expects a marginal further slowdown in the US economy to 0.4% GDP growth, compared to the 0.5% forecasted in Dec. These forecasts are at low levels compared to the long-term range of 3.5% for the world and 2% for the US.
Economic Times

Bank Nifty lot size to be 15 from July expiry - over 1 year ago
The market lot size for Nifty Bank futures and options has been reduced to 15 from 25, effective from the beginning of July 2023 contracts. In a circular on Friday, the National Stock Exchange said only the far-month contract, i.e., July 2023 expiry contracts, would be revised for market lots
Economic Times

Stealth rally puts Bitcoin atop the quarterly scoreboard - over 1 year ago
Gaining 70%, Bitcoin is closing out its best quarter since the three months ended March 2021, when it surged some 103%. According to long-time participants, volatility is expected - and is even part of the attraction to investors in the relatively embryonic asset class.
Economic Times

Despite hullabaloo, Dalal Street sees green for 3rd consecutive FY; will this repeat in FY24? - over 1 year ago
DIIs were the saving grace as they net bought a record Rs 2.53 lakh crore worth of shares in FY23. Meanwhile, foreign institutional investors were net sellers of Indian equities for the second consecutive financial year. They net sold shares worth Rs 40,413 crore in FY23.
Economic Times

Wall St Week Ahead-Resilient U.S. stocks failing to factor in recession, investors fear - over 1 year ago
The benchmark S&P 500 posted a 7% gain for the first quarter, which ended on Friday, rebounding after a nearly 20% drop in 2022. The Nasdaq Composite's 16.8% first-quarter jump was its biggest quarterly rise since 2020.
Economic Times

Dalal Street gains almost 2% on eased sentiment in US - over 1 year ago
Reliance Industries jumped 4.3%, leading the gainers after it said it has started the process to demerge its financial services business. On the other hand, IT stocks were also among the top gainers, with the Nifty IT index surging 2.45%. According to fund managers and analysts, Friday's rise was a 'catch-up' rally, and are unwilling to conclude that it's here to stay.
Economic Times

Strong domestic flows help India outperform most EMs in FY23 - over 1 year ago
India was the second-best performer among the emerging markets in FY23 after South Africa. Equity benchmarks of some countries, such as Russia, Indonesia, Singapore, Thailand, Hong Kong, South Korea, and Taiwan, fell between 3% and 10% in FY23. The resilience in Indian equities was thanks to the flows from domestic investors.
Economic Times

US stocks jump on inflation data; Nasdaq posts best quarter since 2020 - over 1 year ago
The quarterly gains came despite a sharp sell-off in bank stocks following the collapse of two regional banks earlier this month and worries about a potential bigger financial crisis.
Economic Times

TCS to kickstart Q4 earnings season on April 12, consider final dividend for FY23 - over 1 year ago
​​"A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday,​ April 12, 2023, to approve and take on record the audited standalone and consolidated financial results of the Company under
Economic Times

Promoter offloads 1.7% stake in PSP Projects via bulk deal - over 1 year ago
​Meanwhile, foreign investor Societe Generale has bought 1.7% of the company, according to bulk deal data available with NSE.
Economic Times

Indowind Energy board approves allotment of 1.75 cr shares - over 1 year ago
"In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said.
Economic Times