Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others - over 1 year ago
Several Indian companies, such as Indian Oil, SBI, Bharti Airtel, and ITC, are set to announce their fourth-quarter results this week. The investor community is keenly waiting for these numbers amid mixed quarterly results from IT firms but strong numbers from banking and financial institutes. Listed companies like Punjab National Bank, Divi's Labs, Power Grid, Muthoot Finance, and FMCG major ITC will disclose their earnings between May 18 and May 20.
Economic Times

​3 stocks that signal bearish reversal on candlestick screener - over 1 year ago
The candlestick screener's bearish reversal scan can assist in identifying stocks that may transition from an uptrend to a downtrend in the future. Here are 3 stocks from the Nifty200 pack that exhibit a Shooting Star pattern, indicating a potential bearish reversal. (Source: StockEdge)The pattern indicates that the market sentiment may be shifting from bullish to bearish, as it shows potential selling pressure and a possible trend reversal.
Economic Times

Nifty Bank F&O Strategy: Move above 43,800 may create short covering - over 1 year ago
ICICI Direct's Analyst recommends a "Buy" strategy for May18 BankNifty 43,800 Call between 260-265 and a "Sell" strategy for May18 44,100 Call around 140-145. The target for the investment is 300 with a timeframe for till expiration. ICICI's Analyst believes the banking index may outperform creating buying opportunities, and the Bank Nifty futures open interest will remain positive. Highest Call OI build-up will remain for 43,500 strikes, but a sustainable move above 43,800 can challenge life highs of 44,200. The recommended strategy is a long Call spread options strategy with a maximum profit above 44,100.
Economic Times

3 Nifty stocks to trade ex-dividend this week. Do you own any? - over 1 year ago
Three Nifty stocks, namely HDFC Bank, HDFC and Tata Consumer Products, will trade ex-dividend this week. HDFC Bank has recommended a dividend of Rs 19 per equity share, while HDFC declared an interim dividend of Rs 44 per equity share. Tata Consumer Products has recommended a final dividend of Rs 8.45 per equity share. The company's net profit for the quarter ended in March was Rs 268 crore, up by 23% YoY. Revenue from operations during the fourth quarter also increased to Rs 3,619 crore, up 14% YoY.
Economic Times

Combining dividend yield & probability of capital gains for income generation - over 1 year ago
When they are reading about Nifty and Sensex moving upward for the last one month using a word like high dividend yielding stocks may not interest investors. Sometimes these stocks are tactical buys rather than long term investment. where one acquires them for their dividends, keeps them for a medium term and sells them when they give modest capital gains
Economic Times

Why multi asset mutual funds can be an attractive proposition for uncertain times - over 1 year ago
Investors facing challenging times due to global geopolitical developments and market uncertainty should consider investing in multi-asset strategies. Such strategies offer diversification and the potential to benefit from a combination of assets, including debt, gold, real estate and global funds, rather than a single asset class. This approach ensures a portfolio is not adversely affected in case of negative developments in any one asset class and can generate superior risk-adjusted returns. Passively managed multi-asset funds offer a cost-effective solution for investors, and actively managed offerings such as ICICI Prudential's Passive Multi-Asset Fund of Funds can take advantage of a changing market environment.
Economic Times

14 BSE500 stocks offer double digit returns in the week gone by. What should investors do? - over 1 year ago
Several stocks in BSE500 have delivered double-digit weekly returns, with Brightcom group leading the charts with a 27% gain, followed by Intellect Design Arena, Sanofi India, and Firstsource Solutions. Despite the Indian equity market's volatility, benchmark indices ended positively. Jai Balaji Industries has delivered the highest returns among the small-cap pack with a 34% rally, followed by Brightcom Group and Onward Technologies, whose shares jumped 27%. Auto stocks gained the most during the week, whereas the S&P auto index surged 4.33%. Analysts predict that strong economic data could have a positive impact on the equity markets.
Economic Times

On a path to recovery: 4 small pharma stocks with an upside potential of up to 27% - over 1 year ago
As the markets get jittery, select pharma stocks are back in focus. This tends to happen in volatile markets. Some of them are small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies are facing. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Mcap of 8 of top 10 valued firms soars Rs 1.26 lakh cr; Reliance, Hindustan Unilever shines - over 1 year ago
Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers.
Economic Times

Gold may come under pressure next week; crucial support at $2000 - over 1 year ago
Gold closed the week with a minor loss, while investors seek signs of pause in the US Federal Reserve's rate hike cycle. The US CPI rose 4.9% YoY in April compared to forecasted 5%, while core inflation levels at 5.5% on a YoY basis are significantly above the Fed's intended target of 2%. The results indicate sticky elevated inflation, while the US weekly jobless claims are at their highest level in 1.5 years. With the odds of the Federal Reserve hiking its rates in June 2021 rising to 10%, gold may lose some support amid rising yields and a stronger dollar.
Economic Times

Learn With ETMarkets: Options Demystified 101 - Power of options - over 1 year ago
Options trading is a fascinating and versatile tool for hedging against risk, generating income, and speculating on future stock price movements. Options act as contracts that grant the right, but not the obligation, to buy or sell an asset at a specific price within a certain time frame. Options provide leverage and flexibility and are actively traded on exchanges. However, it is crucial to have a thorough understanding of the dynamics of options trading to avoid falling into an option trap. Inexperienced traders need to approach options trading with caution and care.
Economic Times

5 private sector banks with strong ROE for long term wealth creation - over 1 year ago
Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took only private banks, where capital itself is the raw material and how it is used is the most crucial factor. 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

Karnataka election results impact: What to expect when markets reopen on Monday? - over 1 year ago
The recent election in Karnataka, India, which saw Indian National Congress emerge as a clear winner, is expected to have little impact on domestic stock markets as much of the outcome had already been factored in by investors, according to analysts. The Nifty index was up 0.79% for the week and fared well despite the upcoming general elections in 2024. While experts point to a possibility of some profit taking, a break above the key resistance level of 18,440 could lead to further gains, potentially reaching the 18,630 – 18,690 range.
Economic Times

Nifty inching closer towards record high. Watch out for these 7 factors this week - over 1 year ago
The Nifty remains just 573 points from its all-time peak of 18,887.60 thanks to foreign institutional investors (FIIs) pouring over INR23,000 crore into Indian stocks so far in May. Despite their positive influence, investors remain sceptical over interest rate movements, particularly linked to the uncertainty of demand slowdown in China and recession fears in the US. This week will see market participants react to macroeconomic data and global cues, along with monitoring big names such as Bharti Airtel, SBI and ITC endorsing Q4 earnings season.
Economic Times

Mothers Day: 8 tips for new moms to manage financial stability - over 1 year ago
New mothers should start saving a portion of their salary, ideally around 25%, to assure a secure financial future for themselves and their children. They can channel this saving into ULIPs, mutual funds, and the New Pension Scheme to enjoy their spending and build a nest egg. Additionally, they can reduce debt, get insurance, invest in sovereign gold bonds, diversify their investments, and invest in retirement to ensure financial stability in the long term. Teaching children the value of money, keeping hobbies, and investing in SIPs can also be helpful.
Economic Times

Dos and don’ts for mothers starting on their financial journey - over 1 year ago
Mothers face gender disparity and artificial barriers in the financial world, preventing them from taking control of their money. To overcome this, mothers should be helped with financial lessons and be given easy access to free financial tools. They should prioritise making sure they have enough money for their child's education and are not dependent on their children for retirement. Mothers should set financial goals, build an emergency fund, create a retirement fund, and prioritise life and health insurance. Investment options such as mutual funds are a popular choice as they offer varying degrees of risk and returns. However, financial literacy remains a major challenge among mothers.
Economic Times

Adani eyes Rs 21,000 crore from stake sale in two group firms - over 1 year ago
Last week, the Adani Group had said that it was considering a plan to raise funds in three group companies - Adani Enterprises, Adani Green Energy and Adani Transmission. ET had reported on May 12 that the group was considering a sale of fresh equity in the above companies to raise up to $2.5 billion.
Economic Times

DLF to launch projects worth nearly Rs 20K cr this fiscal; targets sale bookings of Rs 12K cr - over 1 year ago
DLF Ltd, India's largest realty company, plans to launch projects worth Rs 19,710 crore for sale by March 2023, with an estimated sales revenue potential of over Rs 12,000 crore. Last fiscal, the company clocked a sale booking of Rs 15,058 crore. DLF CEO Ashok Tyagi stated that "in FY24 we should still be looking at sales guidance of Rs 11,000-12,000 crore." The majority of projects in the housing sector will be launched in Delhi-NCR and Chennai. The company has 215 million square feet of development potential in both residential and commercial segments.
Economic Times

Amid uncertainties, investors must focus on smallcaps for gains - over 1 year ago
Indian equity markets have rebounded following underperformance in the first quarter. The Nifty50 has increased over the past two months, gaining around 950 points or 5.5%. Despite the Reserve Bank of India’s move to halt its rate-hiking cycle, the real threat to Indian equities comes from global headwinds affecting inflation. Analysts believe it may be a "stock-pickers market" and investors should place emphasis on robust business models and low debt, as well as strategic allocation. Experts recommend a ‘perfect balance’ should be maintained, unique to each individual’s risk appetite.
Economic Times

Little progress has been made in curbing too high inflation, Fed's Jefferson says - over 1 year ago
Federal Reserve governor Philip Jefferson has said that inflation remains too high and that "little progress" has been made towards meeting the central bank's 2% target. Although inflation had declined from its peak in June, falling by 2.75 percentage points directly because of reduced food costs and falling energy prices, core inflation has yet to show a significant slowdown, Jefferson warned. His comments indicate that another interest rate hike may be necessary to combat inflation.
Economic Times

Three mutual funds pick up stake in this PSU stock in April. Should you buy? - over 1 year ago
Edelweiss Mutual Fund, HDFC Mutual Fund, and Motilal Oswal Mutual Fund have acquired shares of iron ore producer NMDC Steel in April. The combined stake of mutual funds in the company amounts to 3.97%. Besides, Aditya Birla Sun Life Business Cycle Fund also has 1.07% stake in the company. Retail investors own nearly 12%. Technical analysts suggest that the stock is showing positive momentum on the charts, but there is stiff resistance around Rs 39-40 levels. Price faces resistance at 39-40, and the stock needs to break above 40 on good volumes and good quality candles for a rally to 48-58.
Economic Times

Here’s how to defend your portfolio from losses in bad times - over 1 year ago
FMCG, a defensive sector, is resilient during turbulent times, making it an insurance for portfolios. To battle inflation, FMCG companies resorted to price hikes and reduction in grammage, which affected volume growth but preserved value. With disinflation, companies have paused price hikes, and cheaper raw materials have normalized margins, aiding volume growth.
Economic Times

Learn With ETMarkets: Demystifying ‘option writing’ & ‘option buying’ - over 1 year ago
Option selling provides limited profit while option buying provides unlimited profit. Moreover, option buying has limited loss while option selling has unlimited loss. Option buying needs less capital, whereas option writing needs more capital. As for the reason why people opt for option writing despite its disadvantages, it will be discussed in the next lesson.
Economic Times

Adani Transmission board approves raising Rs 8,500 cr via QIP - over 1 year ago
Adani Transmission board approves raising Rs 8,500 cr via QIP. Sharad Dubey explains the development, as well as the other details regarding fundraising for other Adani Group companies in today's board meeting.
Economic Times

How Sebi's new rules can impact the future of discount broking in India - over 1 year ago
India's stockbroking industry is shifting towards online trading platforms and discount brokers thanks to lower costs. Despite the disruption of traditional brokers by discount brokers, the former still offer comprehensive services, including trading in stocks, commodities, currency, asset management and retirement planning. Regulatory changes from the Securities and Exchange Board of India will increase compliance costs for discount brokers, but lead to increased demand for traditional brokers who provide advisory services. Separating advisory from broking business ensures the industry is fair, ethical and transparent, allowing it to continue to evolve and innovate.
Economic Times

Adani Enterprises, Transmission to raise funds totalling Rs 21,000 crore via QIP - over 1 year ago
Adani Enterprises is set to raise Rs 12,500 crore and Adani Transmission plans to raise Rs 8,500 crore. This fundraising is expected to boost investor confidence and help the Group service its debt. The fundraising, however, comes as the group is in the middle of an ongoing investigation by a Supreme Court-appointed panel and market regulator SEBI.
Economic Times

Adani Enterprise, Transmission to raise funds totalling Rs 21,000 crore via QIP - over 1 year ago
The fund raising plan from one of the Adani Group companies comes months after a report from U.S.-based short-seller Hindenburg Group battered investor confidence and drove share prices of the group down
Economic Times

Adani Transmission's board approves plan to raise up to $1 billion - over 1 year ago
The fund raising plan from one of the Adani Group companies comes months after a report from U.S.-based short-seller Hindenburg Group battered investor confidence and drove share prices of the group down
Economic Times

Weekly Top Picks: 4 stocks with score improvement & upside potential of up to 24% - over 1 year ago
Earnings season and volatility are synonyms; the only difference is the underlying bias of that volatility. Sometimes bearish, sometimes bullish. In such times, stocks from different sectors have seen an improvement in their analyst scores. 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

The decoupling propensity of India amid global uncertainty - over 1 year ago
The clampdown of global commodity prices has improved the outlook for Indian industry, reducing operational costs and increasing profitability. The correlation between the Nifty50 index and Brent crude oil is relatively weak due to the strong influences of economic, social, and earnings data. The current market rally in India is being influenced by consistent FII inflows driven by lower Treasury yields and the weakness of the US Dollar. However, investors must evaluate if the recent decline in commodity prices is temporary or long-lasting as an extended in-equilibrium in the global economy could ultimately affect the Indian stock market.
Economic Times

Elections & Infrastructure: 4 construction & contract companies with ‘strong buy’ and ‘buy’ rating can rise up to 44% - over 1 year ago
Karnataka was the first state election in the series of elections which we will witness in 2023 before the general election of 2024. The government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push as many state governments rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. 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

SEBI to regulate platforms offering fractional ownership of real estate assets - over 1 year ago
The Securities and Exchange Board of India (SEBI) is considering regulating online platforms offering fractional real estate ownership with a minimum investment between INR100,000 ($1,346) and INR250,000 ($3,365). The regulator has dubbed the lack of standard selling practices and independent valuations on these platforms as a risk to investors and suggested they should be subject to the Micro, Small and Medium REIT regulatory framework. A discussion paper from the regulator also proposed a net worth of INR10m for investment managers and INR20m for sponsors.
Economic Times

52 smallcap stocks offer double-digit returns in volatile market week. What's in store for investors ahead? - over 1 year ago
Despite a volatile week for Indian equity markets, benchmark indices finished positively with smallcap stocks delivering double-digit gains. Jai Balaji Industries reaped the most significant returns with a 34% spike in its shares, with a further two stocks from the same segment posting gains of 27%. The S&P Auto index achieved the highest percentage gain during the week with 4.33%, followed by the Nifty Bank and S&P BSE Healthcare indexes, with returns of 3.81% and 3.54% respectively. Experts forecast further gains and a positive impact on the equity markets from strong economic data.
Economic Times

Wealth churner! Multibagger BSE200 stock turns Rs 10,000 to Rs 8 lakh in just 10 years - over 1 year ago
Uno Minda, a Tier-I supplier of proprietary automotive solutions, has seen its shares offer massive returns to investors, rising as much as 8,000% in the last ten years. An investment of INR 10,000 in the stock ten years ago would now be worth INR 8 lakh. The company's marquee clients include BMW, Ford, Nissan, and Kawasaki. Mutual funds own a big chunk of the company with a 15.69% stake, while foreign investors own 6.23%.
Economic Times

Understanding surrender value and its implications on life insurance policies - over 1 year ago
Policyholders of life insurance policies can opt for surrendering their policy before maturity, which will pay them a surrender value, constituting a part of the sum assured. The guaranteed and special surrender values apply only if all premiums are paid for at least two years. Single premium policies acquire the surrender value immediately, but ULIP plans require five years of lock-in period for payout. Upon surrendering the policy, all associated rights, interests, and benefits, including protection cover, cease to exist. Policyholders should weigh the pros and cons and consider alternative options, such as taking a policy loan before making decisions.
Economic Times

New stock picks of top 10 mutual funds in April - over 1 year ago
In April, equity flows in mutual fund schemes moderated to Rs 6,500 crore — 5-month low. However, this is nothing alarming as April tends to be a moderate month & profit taking in lump-sum drives flows lower, said brokerage firm Nuvama. Key additions by mutual funds in April include Mankind Pharma, Avalon Technologies, Paytm, Max Healthcare and NMDC Steel. Here is a list of new stocks that mutual funds bought in April, according to a report by Nuvama Institutional Equities:
Economic Times

Adani Transmission, Adani Total Gas, Adani Green to exit ASM framework on Monday - over 1 year ago
The Bombay Stock Exchange and the National Stock Exchange have removed three Adani group firms from the ASM or additional surveillance framework: Adani Transmission, Adani Green Energy, and Adani Total Gas. The ASM framework is intended to enhance market integrity and protect the interests of investors.
Economic Times

RBI asks banks to ensure complete move away from LIBOR by July - over 1 year ago
The complete transition from LIBOR is a significant event in the global financial markets which requires continued attention from all stakeholders to mitigate operational risks and ensure an orderly transition, RBI said Friday.
Economic Times

Byju's raises debt of Rs2K cr linked to future Aakash IPO - over 1 year ago
Byju's has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash's planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the company.
Economic Times

Adani Transmission, Adani Total Gas, Adani Green to exit ASM framework from Monday - over 1 year ago
The Bombay Stock Exchange and the National Stock Exchange have removed three Adani group firms from the ASM or additional surveillance framework: Adani Transmission, Adani Green Energy, and Adani Total Gas. The ASM framework is intended to enhance market integrity and protect the interests of investors. Certain criteria, including volatility, volume variation, and price, led to the move. The exit from the MSCI Global Standard Index is expected to lead to outflows worth $201m for Adani Transmission and $186m for Adani Total Gas, with both companies expected to lose 18 million shares.
Economic Times

This FII picks up stake in Jhunjhunwala-owned gaming stock via bulk deal - over 1 year ago
French-based investment company Societe Generale has acquired a stake worth INR33.83 crore ($4.5m) in Indian diversified gaming and sports media firm Nazara Technologies through bulk deals. Societe Generale picked up around 5.93 lakh shares, equivalent to 0.89% stake, at a weighted average price of INR570 and joined investors including Rakesh Jhunjhunwala family, which owns nearly 10%, and Manish Agarwal, who has about 1.43% in the gaming company. However, Nazara Tech shares fell 1.48% to INR560.70 on Friday, down 8.64% YoY.
Economic Times

Biden nominates Jefferson as Fed Vice Chair, Kugler to Fed Board - over 1 year ago
US President Joe Biden has nominated Federal Reserve Governor Philip Jefferson as the central bank's vice chair. He has also put forward Adriana Kugler, the World Bank's US executive director, as a Fed governor. Biden has also renominated Governor Lisa Cook for another 14-year term on the board. Jefferson has previously voted in favour of the Fed's eight interest rate increases, while Kugler would be the first ever Latina on the Fed Board of Governors
Economic Times

Wall Street subdued as consumer sentiment takes hit from rate hikes - over 1 year ago
Wall Street struggled to gain ground on Friday, as lower US consumer sentiment signalled that rapid interest rate hikes were affecting economic growth. Markets have been watching for signs of a breakthrough in raising the US government's $31.4tn debt ceiling to avoid a potentially catastrophic default.
Economic Times

Sebi cancels registration of Bharat Bhushan Finance and Commodity Brokers in NSEL case - over 1 year ago
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Bharat Bhushan Finance and Commodity Brokers and asked them to let existing clients withdraw or transfer funds within 15 days, after it participated in unauthorised paired contracts on the defunct National Spot Exchange Ltd (NSEL). The regulator has also barred Capital Gain Research's proprietor Ruchit Gupta from the securities market for six months and asked him to refund investors' money collected through unauthorised investment advisory services within three months
Economic Times

US stocks open higher on gains in Tesla, hopes of rate-hike pause - over 1 year ago
The Dow Jones Industrial Average rose 61.07 points, or 0.18%, at the open to 33,370.58.
Economic Times

These 5 commodities stocks touch new 52-week high. Do you own any? - over 1 year ago
On Friday, the benchmark index Sensex experienced a 123-point increase, pushing it to 62,027. As a consequence of this rally, five stocks from the BSE commodities pack hit new 52-week highs.The 52-week high holds significance for certain traders and investors as a key technical indicator for evaluating a stock's present value and predicting future price fluctuations. It represents the highest price at which a stock has been traded within the past year
Economic Times

Infosys, HUL among top April additions by MFs; Mankind Pharma steals the show as preferred pick - over 1 year ago
Mutual funds in India have sold shares worth INR 5,100 crore ($687m) in April, Nuvama Institutional Equities reported, while FIIs bought INR 12,400 crore worth of the stocks in the secondary market. Meanwhile, domestic investors' equity inflows into mutual funds moderated to INR 6,500 crore, a five-month low. On a positive note, small- and mid-cap funds continued to see inflows, with a total of INR 4,000 crore in April. The retail category garnered 61% of the total inflows received into equity schemes in India, continuing the trend seen in recent months.
Economic Times

Tech View: Nifty forms long bull candle on weekly charts. What should traders do next week? - over 1 year ago
Nifty formed a green candle with a long lower shadow, indicating buying in lower zones as bulls take comfort in falling India VIX. Analysts suggest that Nifty should continue holding above 18250 zones to witness upward momentum towards 18400 and 18442 zones, with downside supports in place at 18181 and 18081 marks. Technical charts suggest a broader trading range between 17900 and 18500 zones, with an immediate range between 18150 and 18450 zones. As long as the index remains above 18200, the overall trend is expected to remain positive, but traders should keep an eye on resistance at 18400.
Economic Times

Tech View: Nifty forms long bull candle on weekly charts. What should traders do next week - over 1 year ago
Nifty formed a green candle with a long lower shadow, indicating buying in lower zones as bulls take comfort in falling India VIX. Analysts suggest that Nifty should continue holding above 18250 zones to witness upward momentum towards 18400 and 18442 zones, with downside supports in place at 18181 and 18081 marks. Technical charts suggest a broader trading range between 17900 and 18500 zones, with an immediate range between 18150 and 18450 zones. As long as the index remains above 18200, the overall trend is expected to remain positive, but traders should keep an eye on resistance at 18400.
Economic Times

Sensex rises 123 pts on gains in financials; Nifty above 18,300 - over 1 year ago
Closing Bell: Sensex rises 123 pts on gains in financials; Nifty above 18,300; Eicher Motors, Glenmark gain 6% each
Economic Times