Trader's Guide: 2 stocks with up to 7% potential upside - over 1 year ago
Despite a positive start in the morning, the markets could not hold on and slipped during the day on Tuesday. The headline index Nifty ended with a half a per cent loss.
Economic Times

Cash is paying more than traditional stock-bond portfolio - over 1 year ago
The steep jump in those payouts has reduced the incentive for investors to take risks, marking a break from the post-financial crisis era when persistently low interest rates drove investors into increasingly speculative investments to generate bigger returns. Such short-term securities are typically referred to as cash in investing parlance.
Economic Times

Stocks in focus: Jindal Steel, Zydus Life and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 41 points, or 0.24 per cent, lower at 17,358, signaling that Dalal Street was headed for a negative start on Wednesday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Cash Is Paying More Than Traditional Stock-Bond Portfolio - over 1 year ago
The steep jump in those payouts has reduced the incentive for investors to take risks, marking a break from the post-financial crisis era when persistently low interest rates drove investors into increasingly speculative investments to generate bigger returns. Such short-term securities are typically referred to as cash in investing parlance.
Economic Times

Asian stocks pinned to lows as rate fears weigh - over 1 year ago
Geopolitics is also keeping investors on their toes. U.S. President Joe Biden's visit to Kyiv and Russian President Vladimir Putin's abandonment of the last remaining nuclear arms control treaty with the U.S. signaled a hardening of positions.
Economic Times

Big Movers on D-St: What should investors do with Triveni Turbine, Vedanta and Zee Entertainment? - over 1 year ago
The RSI oscillator is also moving in an upward zone indicating further upside from here. One can buy at the current level and more on dips to Rs 290 levels with a stop loss of Rs 270 on a weekly closing basis.
Economic Times

US stock market: Wall Street closes out weak February as Fed concerns remain - over 1 year ago
Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.
Economic Times

Frightful February ends buy everything calls in emerging Asia - over 1 year ago
The brief rally in developing-nation assets highlights the difficulty in calling the peak in US rates, as robust data dash hopes for a Federal Reserve pivot. Most analysts don’t see a recovery just yet, with Goldman Sachs Group Inc. warning that emerging-market debt may face a repeat of the risks seen in 2022.
Economic Times

Wall Street closes out weak February as Fed concerns remain - over 1 year ago
Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now.
Economic Times

Stocks in news: Delhivery, Zydus Life, Paytm, SBI, NTPC, RIL - over 1 year ago
Japanese multinational conglomerate Softbank Group is looking to sell shares worth Rs 600 crore in Delhivery through block deals on Wednesday, according to reports.
Economic Times

Economy grows at a slower pace of 4.4% in December quarter - over 1 year ago
"Growth momentum carries on but an unfavourable base has led to lower numbers for Q3," chief economic adviser V Anantha Nageswaran told reporters after the data release.
Economic Times

Nifty could rebound in March, three black crows point to that - over 1 year ago
A study by Mumbai-based broking firm Tradonomy shows Nifty's fall for three consecutive months in the past decade was followed by a rally in the subsequent month. Out of the nine times when the Nifty has fallen for three straight months since 2011, the index has bounced back in the fourth month on each occasion, it said.
Economic Times

Valuations subdued, banks a 'compelling' investment: US Firm - over 1 year ago
Despite a stellar earnings season and decadal high credit growth levels, top public and private sector banks in the country are trading significantly below their peak price-to-book multiples (PB ratio) at levels last seen in 2013, Bernstein said in a report.
Economic Times

Vedanta Resources prepays loans, plans to raise up to $1 billion - over 1 year ago
Vedanta Resources has been exploring ways to raise funds to meet upcoming debt maturities, after Indian government's nominees on group company Hindustan Zinc's board objected to a $2.98 billion cash deal to purchase Vedanta's zinc assets. Vedanta Resources has mandated Cantor Fitzgerald to syndicate a $2 billion loan to service short-term maturities, ET reported on February 16.
Economic Times

RBI showcauses ARCs after audit following Income Tax raids - over 1 year ago
In December 2021, the I-T department carried out a search and seizure of 60 premises of four ARCs - Omkara ARC, Rare ARC, CFM ARC, and Invent ARC. The searches, according to the department, revealed that some ARCs adopted various unfair and fraudulent trade practices in acquiring non-performing assets (NPAs) from lender banks.
Economic Times

Non-food bank credit surges 16.7% in January - over 1 year ago
The data on sectoral development of bank credit in January 2023 showed that the personal loan outstanding on January 27, 2023, was Rs 39.59 lakh crore as against 32.87 lakh crore in a year ago.
Economic Times

SBI seals $1-b syndicated ESG loan from Japan, Taiwan - over 1 year ago
The facility of $1 billion was arranged through Japan's MUFG Bank and Taiwan's Taipei Fubon Commercial Bank Co. MUFG and Taipei Fubon Commercial Bank are the joint co-ordinators, while MUFG is the lead loan co-ordinator for this transaction.
Economic Times

HDFC hikes lending rates by 25 bps; your home loan EMIs to increase - over 1 year ago
With effect from March 1, 2023, HDFC raises its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are based, by 25 basis points.
Economic Times

Adani Group stocks rally, add Rs 30,000 crore m-cap - over 1 year ago
The group's flagship company, Adani Enterprises, jumped 24.5% from the day's low to close 14.3% higher at ₹1,363.85. Adani Ports, Adani Green Energy, Adani Wilmar, Adani Power, and NDTV gained 5% each. Ambuja Cements and ACC rose 4% and 2%, respectively. Adani Transmission and Total Gas dropped 5% - the lowest tradeable limit of the day.
Economic Times

Adani gets commitment for $800 million debt facility - over 1 year ago
This week Adani Group's chief financial officer Jugeshinder Singh and head of group corporate finance Anupam Misra are meeting fixed income investors in Singapore and Hong Kong to update them about fundraise plans across businesses.
Economic Times

Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? - over 1 year ago
The stock hit a 52-week high of Rs 194 on December 9, 2022, and it picked up momentum after reclaiming 200-WMA on the weekly charts back in November 2022
Economic Times

S&P 500, Dow slip in final session of turbulent February - over 1 year ago
Five of the 11 major S&P 500 sectors were lower on Tuesday, with defensive utilities and consumer staples leading losses.
Economic Times

Stock Radar: Buy Exide Industries for a target of Rs 198, says Ajit Mishra - over 1 year ago
“Exide Industries stock price formed a reversal pattern afterward and witnessed a breakout from the same in November 2021. The recent dip to the neckline area of the pattern is offering an opportunity to buy fresh or reenter,” Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.
Economic Times

Sebi bars 21 entities in Axis mutual fund front-running case - over 1 year ago
It identified Rs 3050 lakh as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities
Economic Times

These 5 smallcap stocks scale a new 52-week high; rise up to 30% in a month - over 1 year ago
On Tuesday, Sensex fell by approximately 326 points, closing at 58,962. However, despite the significant decline in the market, five stocks from the BSE smallcap index were able to reach new 52-week highs. The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
Economic Times

US stocks open lower as Treasury yields rise - over 1 year ago
The Dow Jones Industrial Average fell 15.62 points, or 0.05%, at the open to 32,873.47
Economic Times

Trading Guide: ICICI Bank among 7 stock recommendations for Wednesday - over 1 year ago
Benchmark Sensex and Nifty slid for the eighth straight day to close at four-month lows on Tuesday as growing worries over interest rate hikes to stem inflation and FII selling unnerved investors. Mixed global cues, selling in index heavyweights and caution by investors ahead of the release of key macroeconomic data waylaid the key indices to their longest losing run in more than three-and-a-half years.From the high of 18,134 scaled on February 16, Nifty has corrected by a sharp 5% in the past 9 sessions and closed below its 200 days SMA at 17,304 points.Sector-wise, it was a mixed show, with media, realty, banking and auto pack ending in the green, while pharma, IT, metals, FMCG and financial services stocks fell.“Finally, the bears managed to drag the Nifty below the line of polarity, the 200-day moving average, on a closing basis. The sentiment looks very negative from here as the index sustains below the crucial long-term average. A further decline towards 17,150–17,100 appears imminent, as bulls appear to be in no hurry to support Indian equities. On the higher end, immediate resistance is visible at 17,400, above which the current trend may reverse,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are the stock recommendations for Tuesday
Economic Times

Softbank plans to sell Rs 600-cr stake in Delhivery via block deals tomorrow: Report - over 1 year ago
The conglomerate may look at increasing the size if it gets good demand.
Economic Times

Tech View: Nifty settles below 200-DMA. What should traders do on Wednesday - over 1 year ago
Volume profile indicates Nifty has strong support around the 17150-17200 zone. Coming to the OI data, on the call side, the highest OI was observed at 17400 followed by 17500 strike prices, while on the put side, the highest OI was at 17000 strike price
Economic Times

2 out of 5 new-age tech stocks record highest-ever monthly gains in Feb; is the worst behind us? - over 1 year ago
This is possibly the first time that all 5 stocks from the pack are ending February on a positive note. Moreover, 3 of them have given double-digit positive returns this month.
Economic Times

Sensex extends losses to 8th session, falls 326 points; Nifty below 17,300 - over 1 year ago
Market capitalisation of all listed companies on BSE declined by Rs 12.44 lakh crore to Rs 257.95 lakh crore in February
Economic Times

Sensex cracks 326 pts; Nifty below 17,350; Adani Ent rallies 14%, SpiceJet sheds 6% - over 1 year ago
Closing Bell: Sensex extends losses to 8th day, falls 326 pts; Nifty below 17,350; Adani Ent rallies 14%, SpiceJet sheds 6%.
Economic Times

Adani Group's over-leveraging shows bad business practice, not con: Aswath Damodaran - over 1 year ago
"The Adani Group collectively carries about three times as much debt as it should, confirming that the group is over-levered as well, but note that this is a bad business practice, not a con," Damodaran wrote in his blog.
Economic Times

Metal stocks: Star performers of last year, worst this year. Will the trend reverse? - over 1 year ago
Most companies in the metal space have either reported a fall in net profits or posted losses in the October-December period. Tata Steel reported a consolidated net loss of Rs 2,224 crore for the December quarter, while State-owned SAIL's net profit fell 65% to Rs 542 crore. JSW Steel reported 89% fall in net profit at Rs 490 crore in the same period
Economic Times

European shares open lower on inflation worries; Travis Perkins slides - over 1 year ago
The 12-month inflation rate in France rose to 7.2% in February from 7.0% in January, partly as a result of rising food prices, according to preliminary data.
Economic Times

JM Financial initiates coverage on Adani Ports, sees 36% upside - over 1 year ago
We estimate Adani Ports to remain the market leader in India with volume growth of 16%, translating into Revenue/EBITDA/PAT CAGR of 18%/15%/13% respectively in FY23-25E with OCF/EBITDA exceeding 80%,the brokerage said in a report.
Economic Times

Japan's Nikkei drops early gains to end slightly higher - over 1 year ago
U.S. stocks eked out a slight gain overnight after last week's losses - the biggest percentage declines of 2023 for Wall Street's main benchmarks - as jitters persisted about coming interest rate hikes to tame stubbornly high inflation.
Economic Times

Adani plans to repay up to $790 million share-backed loans by March: Report - over 1 year ago
Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media.
Economic Times

Vedanta shares tank 9% amid negative sentiments. Will there be a turnaround? - over 1 year ago
The stock was trading at Rs 268.40 apiece on NSE, down 6.59% from the previous day's close. In the last five days, the stock has lost 12%.
Economic Times

Gas distribution and power sector companies for bearish times. 6 stocks with 'Strong Buy' and 'Buys' recos - over 1 year ago
While markets are volatile and bears are making a move, utilities companies are making a comeback on the buy list of analysts. The reason, their earnings are far more resilient to any slowdown. The companies in the list are covered by a minimum count of 10 analysts. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

IPO dry spell may be over soon, 9 companies to raise over Rs 17,000 crore in March - over 1 year ago
After a two-month dry spell for the primary market, nine companies may hit the market in the next four-six weeks to raise more than ₹17,000 crores. If you are looking to invest in upcoming IPOs for March, Watch!
Economic Times

Bears ahead! 5 simple strategies to protect your portfolio from falling stock prices - over 1 year ago
A bear market is a situation where the stock market in general witnesses a prolonged price dip. This could be in the form of a price correction or time correction or both. A stock market is generally bearish if the stock prices decline by 20% or more from its recent high
Economic Times

Paytm shares drop up to 9% today. What's the bad news? - over 1 year ago
​Today's selling pressure in the new-age stock comes after Bharti Enterprises chairman Sunil Mittal confirmed to ET that it is not in talks with Paytm to buy a stake.
Economic Times

Adani Enterprises stock zooms 24% from day's low. What's cooking? - over 1 year ago
Another factor that brought investor interest back in the stock today was an ET report stating that lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises have decided to maintain status quo on credit limits sanctioned for Gautam Adani’s flagship company.
Economic Times

Elon Musk reclaims world's richest man title after 92% rally in Tesla - over 1 year ago
Elon Musk is the chief executive of Tesla, known for his various business ventures and technological advancements. Musk is also the chief executive of SpaceX, a rocket manufacturing company, and has a stake in the social networking company Twitter
Economic Times

Bank of Baroda, Biocon among 13 stocks in focus ahead of MSCI rebalancing - over 1 year ago
According to Nuvama, Adani Enterprises may see outflows worth $102 million while HCL Tech, Jindal Steel, Shriram Finance will see outflows of $95 million, $19 million and $15 million respectively. On the other hand, weight reduction in ACC will lead to outflows worth $11 million
Economic Times

Past performance no guarantee of future, might be an indicator of probability. 5 stocks with up to 44% upside potential - over 1 year ago
For the last one month, Nifty has been under pressure, whether it is due to rising interest rates or due to pressure on Adani stocks, volatility with bears on the driving seat has been the order of the day. In such times few stocks across different market caps have been able to keep their head above water, as they have been able rise marginally in a market where the majority of stocks have been coming under pressure. 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 to find stocks which might help navigate the market conditions.
Economic Times

Adani Enterprises stock zooms 19% from day's low. What's cooking? - over 1 year ago
Another factor that brought investor interest back in the stock today was an ET report stating that lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises have decided to maintain status quo on credit limits sanctioned for Gautam Adani’s flagship company.
Economic Times

Adani Enterprises stock zooms 13% from day's low. What's cooking? - over 1 year ago
The stock fell up to 7% in the morning but later on rallied up to 5% in the sharp U-turn. The flurry of activity in the counter comes ahead of a rejig by index provider MSCI tomorrow and a report that banks have retained credit limits of Adani's flagship entity.
Economic Times

Chart Check: 50% in 3 months! This auto component maker could surpass Rs 500 levels to hit fresh record high - over 1 year ago
The stock hit a record high of Rs 462 on 24 February 2023 but witnessed some consolidation last week. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 500 in the next 3-4 weeks, they say.The stock rose from Rs 292 recorded on 24 November 2022 to Rs 448 as on 24 February 2023 which translates into an upside of over 50% in the last 3 months
Economic Times