Amid imminent share supply post lock-in expiry, how should one trade YES Bank stock? - over 1 year ago
“One can buy one-third of the quantity when Yes Bank gives a strong bullish candlestick closing above the Rs 18.6 level. Second, buy another 50% quantity when you see the stock walking the Bollinger bands with consecutive green candles on the weekly chart,” Ghose said.
Economic Times

Stocks in focus: Yes Bank, Lupin, Dilip Buildcon and more - over 1 year ago
The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,356, down 81.5 points or 0.47% from the previous close. Here are some stocks which are expected to see some action in trade today.
Economic Times

Buy or Sell: Stock ideas by experts for March 13, 2023 - over 1 year 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 GAIL and CIPLA while Nooresh Merani has a buy/sell recommendation on Power Grid and IEX for today's trading session. Check out the targets and stoploss.
Economic Times

Momentum Pick: With 90% returns in 1 year, Godfrey Phillips sets to breach 52-week high - over 1 year ago
Godfrey Phillips shares have outperformed the bench marks on a consistent basis. According to data sourced from StockEdge, the returns given by this counter over the last 2, 5 and 10 years are 112%, 138% and 220% respectively with an exception of the last three months where they have been nearly negative 2%.
Economic Times

Fed half-point hike looks less likely as financial risks flare - over 1 year ago
Fed policymakers next meet to set rates March 21-22. Early trading in Asia Monday suggested investors are betting the Fed will opt for a smaller rate hike as it balances concerns about financial strains with its campaign to bring down inflation.
Economic Times

Saudi Aramco reports 46% jump in profits for 2022 - over 1 year ago
Aramco's facilities have in the past suffered drone and missile attacks claimed by Yemen's Iran-backed Huthi rebels, most recently about a year ago, but a surprise deal announced on Friday between Riyadh and Tehran to restore diplomatic ties severed in 2016 could mitigate the risk in the months to come.
Economic Times

Markets at Risk of More Upheaval as Banking Uncertainty Persists - over 1 year ago
It was a wild ride for markets last week. Expectations for Fed rate increases surged in the wake of hawkish comments by Chair Jerome Powell, only to be reversed as fears around the banking sector and a mixed report on jobs helped fuel a rally in Treasuries. By week’s end, the market was back to pricing a quarter-point Fed hike as the most likely outcome, having at one stage come around to the idea of a half point.
Economic Times

How Officials, Investors and Funds Are Tackling the SVB Collapse - over 1 year ago
SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise.
Economic Times

Asian shares mostly sink on jitters after US bank failure - over 1 year ago
Worries were growing recently that interest rates are set to go higher than expected after the Fed Reserve said it could reaccelerate the size of its rate hikes. The Fed is focusing on wage growth in particular in its fight against inflation. It worries too-high gains could cause a vicious cycle that worsens inflation.
Economic Times

Stocks in news: YES Bank, Tech Mahindra, Nazara Tech, Paytm - over 1 year ago
LIC said it has appointed Siddhartha Mohanty as interim Chairman with effect from March 14. The term of Mangalam Ramasubramanian Kumar as Chairperson of LIC of India will be completed on March 13
Economic Times

Ten more banks set to join syndication for Reliance Industries Ltd's $3 billion loan - over 1 year ago
The fundraising, the largest through syndicated term loans by an Indian corporate house in at least five years, is set to close this month after months of negotiations, bankers said.
Economic Times

Over 12 months, inflows into index funds outrun all others to touch a record high - over 1 year ago
The 12-month cumulative rolling inflows in index-based mutual funds rose to ₹80,755 crore - the highest ever for passive as well as active funds, data from the Association of Mutual Fund of India (AMFI) show. The inflows have also been ₹8,585 crore more than that came to exchange-traded funds (ETF).
Economic Times

Crowdfunding for startups gets caught in regulatory glare - over 1 year ago
A ruling by the ministry of corporate affairs (MCA) has struck at the core of the modus operandi of several small companies to raise money using fintech platforms that connect businesses with investors. According to a March 1, 2023 order by the Registrar of Companies (RoC) of NCR, such fund mobilisation is a violation of private placement rules under the Companies Act.
Economic Times

Brookfield looks to put $1 billion in Avaada - over 1 year ago
The group was founded by entrepreneur Vineet Mittal in 2017. Avaada Group has built a portfolio of over 4 GW of renewable (solar and wind) energy under flagship Avaada Energy Pvt Ltd.
Economic Times

Tata, Reliance most valued business groups - over 1 year ago
​​On September 16, 2022, Adani emerged as the most valuable industrial house, surpassing the Tatas after acquiring Ambuja Cements and ACC. However, on November 16, 2022, the Tata Group regained the top spot. While two of India’s biggest business houses, Tata and Reliance, have respectively lost 2% and 4% in market capitalisation since January 25, Adani lost over 51%.
Economic Times

Adani promoters prepay $2.15 billion margin-linked loans - over 1 year ago
According to people in the know, promoter entities of Adani Group companies had an overall exposure of close to ₹15,000 crore ($1.83 billion) in margin-linked loans. Additional pledges were created, following the decline in Adani Group companies' share prices due to the Hindenburg Research report.
Economic Times

Nifty could slide further on weak global sentiment: Analysts - over 1 year ago
​A small negative candle was formed on the daily chart with a gap-down opening and a long lower shadow. Technically, this pattern indicates a hammer-type candle pattern formation, which signals chances of a pullback from the lows post-confirmation.
Economic Times

HDFC mandates A&M to sell realty loans of up to Rs 1,000 crore - over 1 year ago
HDFC reported gross NPAs of 1.23% in the third quarter of FY23. Last year in June, HDFC sold four corporate accounts to Assets Care and Reconstruction Enterprise (ACRE) for ₹270 crore against the total loan of ₹577 crore, resulting in a recovery of 47%, as reported. In October, ACRE again bought a ₹1,180-crore loan from HDFC for ₹602 crore, resulting in a 51% recovery for the mortgage lender, as reported.
Economic Times

Open interest's high among retail investors. But winnings? Not quite - over 1 year ago
The worrisome part is that this sophisticated segment is drawing in people with limited knowledge and modest financial muscle. Salaried professionals, retirees, school teachers, and even housewives and students have jumped in, lured by the low brokerage and ease of trading offered by discount brokers and stock trading apps.
Economic Times

Stock Radar: 200% in 3 years! This capital goods stock is eyeing record highs in the short term - over 1 year ago
Cummins India Ltd has seen a large rally in the last three years. The stock is trading near all-time highs and is on the verge of breaking new records. However, global cues have been mixed and broad-based selling pressure has caused some profit-taking around higher levels. The stock is overbought and may show a pullback, but as long as it maintains over 1630 levels, bulls could take control of the stock and push it towards.
Economic Times

The SVB Collapse: Excesses of private market spilling over to public market - over 1 year ago
The US market's three main stock indices fell between 1% and 2% on Friday in response to the news of SVB's collapse and a resilient American jobs market. The weakness could rub off on Dalal Street on Monday morning as foreign investors may step up selling on local stocks in a flight to safer assets. The Sensex and Nifty have fallen over 2% in the past two trading sessions mainly led by domestic banks.
Economic Times

Stock Radar: Buy Cummins India for a target of Rs 1745, says Shivangi Sarda - over 1 year ago
"We are seeing a good base formation around 1550 and price volume surge and follow up buying thereafter is making room for a more upside for Cummins India," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
Economic Times

Adani Group clears dues on margin-linked share-backed loans of $2.15 billion - over 1 year ago
This is in line with promoters’ commitment to increase equity contribution, and promoters have now infused $2.6 billion, out of total acquisition value of $6.6 billion for Ambuja and ACC,” the release by the Adani Group said. The entire prepayment program meof $2.65 billion has been completed within 6 weeks.
Economic Times

Silicon Valley Bank collapse: No major impact on Indian banking system, say experts - over 1 year ago
The collapse of Silicon Valley Bank is causing global contagion, with some impact on the sentiment of the market in the short term and long term. However, the Indian banking system is more insulated and regulated, and the Indian equity markets are unlikely to be impacted. There will be some impact on the sentiment of the market in the short to medium term but will not affect Indian equity markets in the long term.
Economic Times

Nifty F&O Strategy: Directional move likely, keep stop loss near 17,250 for long positions - over 1 year ago
Next week is likely to remain volatile as crucial data points including inflation numbers from India and US will be released. A directional move is likely to be seen next week. The expert recommends buying the 29th March Nifty Future at 17440-17450 and buying the 16th Match at 17300 Put at 53-56, targeting 17800.
Economic Times

SVB collapse could add to China stock investors' anxiety - over 1 year ago
The market mood could be damped further following Friday's sudden collapse of start-up focused lender SVB, which stirred heated discussion over the weekend in China about its fallout
Economic Times

Bata India among 3 stock recommendations for Monday - over 1 year ago
Replicating weak sentiments globally, Indian indices ended lower for the second straight day on Friday. After recouping some of the early losses, the Nifty index managed to end above 17,400, losing as much as 1%. Bank Nifty in the wake of the Silicon Valley Bank crisis plunged even sharply by around 2%.“On the daily charts we can observe that the Nifty has closed well off the lows it witnessed post the opening. It is currently trading around the 200-day moving average (17434) which is attracting value buying. This could lead to volatility as both Bulls and Bears would try to defend and break that average. Broadly, the index has shifted its range lower to 17800 – 17200 for short term perspective. Despite the sharp fall the daily momentum indicator still has a positive crossover which suggests that this dip should be bought into. Until Nifty breaches this range decisively on either side the range bound action is likely to continue and we might see sector rotation and stock specific action,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.aHere are stock recommendations for Monday
Economic Times

Silicon Valley Bank's fall widens systemic cracks as cheap money vanishes - over 1 year ago
Over the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences
Economic Times

Market Trading Guide: Bata India among 3 stock recommendations for Monday - over 1 year ago
Replicating weak sentiments globally, Indian indices ended lower for the second straight day on Friday. After recouping some of the early losses, the Nifty index managed to end above 17,400, losing as much as 1%. Bank Nifty in the wake of the Silicon Valley Bank crisis plunged even sharply by around 2%.“On the daily charts we can observe that the Nifty has closed well off the lows it witnessed post the opening. It is currently trading around the 200-day moving average (17434) which is attracting value buying. This could lead to volatility as both Bulls and Bears would try to defend and break that average. Broadly, the index has shifted its range lower to 17800 – 17200 for short term perspective. Despite the sharp fall the daily momentum indicator still has a positive crossover which suggests that this dip should be bought into. Until Nifty breaches this range decisively on either side the range bound action is likely to continue and we might see sector rotation and stock specific action,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.aHere are stock recommendations for Monday
Economic Times

Eight of top 10 firms lose Rs 1.03 lakh crore m-cap; RIL, ICICI hit hard - over 1 year ago
Eight of the top 10 valued firms in India faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week. This was due to concerns over the quantum of the next interest rate hike by the US Federal Reserve. The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms.
Economic Times

Yes Bank stocks may face mass selling as 3-yr RBI-mandated lock-in ends on Monday - over 1 year ago
Together, as much as 1.35 billion shares are with individual investors -- including retail, HNIs and NRIs -- under the lock-in and another 67 million with exchange-traded funds, and all these are likely to exit if not at one go over the next few weeks, according to analysts
Economic Times

SBI Life, Allcargo Logistics among 6 stocks to trade ex-dividend this week - over 1 year ago
CG Power and Industrial Solutions, Allcargo Logistics, DIC India, Taparia Tools, and Nettlinx will all trade ex-dividend this week. CG Power and Industrial Solutions, Allcargo Logistics, and DIC India will also trade ex-dividend on Wednesday, March 15. SBI Life Insurance, Taparia Tools, and Nettlinx will all trade ex-dividend on Friday, March 17.
Economic Times

Adani shares block deal helps FPIs investment into equities turn positive in March - over 1 year ago
Foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, FPIs made a net investment of Rs 11,119 crore in December. However, the intensity of the selling has subsided.
Economic Times

Jeremy Grantham’s world of Super Bubbles has no soft landings - over 1 year ago
Grantham joined the What Goes Up podcast to discuss the current state of play in markets, as well as some of the long-term risks he’s been studying, like climate change, de-globalization, the return of the Cold War and shortages in natural resources and labor.
Economic Times

Having beaten volatility, these 7 largecaps have an upside potential of up to 31% according to analysts - over 1 year ago
These largecap companies have been able to beat all the negative news flow and volatile moves of the nifty. Their SR plus scores are also in positive range. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
Economic Times

Up or down, all Sensex and Nifty moves add to their bottom line and that of 2 backend service providers - over 1 year ago
Every time a trade takes place on a stock exchange, gold futures are bought on commodity exchange. There are few companies which will be a part of the trade and make money on that transaction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

Accounting: A powerful tool to begin ESG mapping - over 1 year ago
​​For instance, accounting quality is rather a powerful predictor of governance quality. We believe sustainability (ESG) is a culture backed by a history of clean accounts, consistent pro-minority investor actions and thinking very long term. Accounting quality and investment returns have a strong correlation too
Economic Times

Why private capital in India is ready for a reset - over 1 year ago
Despite the recent downtrend, Indian private capital markets have come of age. At more than US$50 billion a year, private equity (PE) and venture capital (VC) investments represent more
Economic Times

Retirement planning: What is the right equity-debt mix in a high-inflation environment? - over 1 year ago
How to ensure the retirement corpus keeps pace with inflation? In today's high-inflation environment, saving for an adequate retirement corpus requires efficient asset allocation, with equity investments being a key consideration. Equity has historically outperformed inflation in the long run, making it an attractive option for retirement planning. However, deciding on the right equity portion can be challenging.
Economic Times

Gold ETFs record Rs 165 crore inflow in Feb - over 1 year ago
Nirav Karkera, Head of Research at Fisdom, said that gold, as an asset class, is known to effectively align returns with inflation. The same deems it to be an important asset class today, especially for long-term retail investors.
Economic Times

Adani Ports among 10 stocks with at least 96% Buy ratings - over 1 year ago
Analyst sentiment, which is measured by the proportion of Buy/Hold/Sell ratings, has been hit over the past year, with the percentage of Buy ratings moderating to 71% from 73% a year ago. Further, the percentage of Hold rose to 17% from 16%, and Sell ratings climbed to 12% from 11%, a year ago. According to brokerage firm Motilal Oswal's data, 10 stocks have at least 96% Buy ratings from analysts covering the stocks.
Economic Times

Traders brace for more market shocks after week of wild swings - over 1 year ago
The result has been increasingly wild moves across the spectrum of asset classes, swings that may persist over another news-packed stretch.
Economic Times

Looking for possible wealth creators? Keep an eye on the PEG ratio - over 1 year ago
The issue with the PE ratio is that it creates a problem in terms of buying as well as selling. Because the P/E of a company is high, it often leads to selling wealth creators early, and then regretting or buying them at a point when they are expensive in real terms. Although it has its own limitations, it would still be better to use PEG ratio.
Economic Times

HPS, Oaktree among firms pitching deals for trapped SVB deposits - over 1 year ago
Hedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around 80 cents on the dollar in exchange for a guarantee from the fund that owns the companies, according to one of the people.
Economic Times

Adani move, YES Bank share sale, global markets to decide D-Street fate this week - over 1 year ago
The weakness in domestic equities last week is likely to spillover into the week ahead as clouds of uncertainties persist. This week's major events to watch include the potential sale of stake in YES Bank by some of the lenders, and the release of inflation data from India and the US. Global macro environment is extremely crucial for Indian markets now. US inflation and the Fed's aggressive stance plus the Silicon Valley Bank crisis will be major triggers.
Economic Times

SVB’s 44-hour collapse was rooted in treasury bets during pandemic - over 1 year ago
SVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly on Friday, following a frenetic 44 hours in which the bank's long-established customer base of tech startups yanked deposits. But its fate had been sealed years ago — during the height of the financial mania that swept across America when the pandemic hit.
Economic Times

SVB Securities management exploring buying firm back - over 1 year ago
The head of SVB Securities is exploring ways to buy the firm back from its parent. SVB Securities could lose a lot of talent - and thus its value - through the bank's collapse. There is no certainty that a deal will be reached and the effort could fall through.
Economic Times

Why it’s time for private capex to come back - over 1 year ago
Record levels of order flows have been witnessed for all major infrastructure players with the govt’s increasing focus on Gati Shakti scheme and National Infrastructure Pipeline (NIP)
Economic Times

Fraudsters disguise as market experts to dupe investors - over 1 year ago
The number of online frauds has been rising in leaps and bounds though RBI, Sebi, stock exchanges and cyber crime cells have stepped up vigil significantly
Economic Times

SVB fully exited Paytm by selling stake to private investors, clarifies Vijay Shekhar Sharma - over 1 year ago
According to Sharma's tweets, SVB had a total investment of $1.7 million in One 97 Communications and they exited fully with handsome returns
Economic Times