Stocks in focus: HDFC, Lupin and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 23 points, or 0.13 per cent, lower at 18,150, signaling that Dalal Street was headed for a negative start on Tuesday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Bed, Bath & Beyond rebounds in meme-stock rally - almost 2 years ago
Bed Bath & Beyond has struggled for years with shrinking sales as it competes against Amazon and other rivals, with investors pointing to problems including cluttered stores and an over-reliance on discount coupons. Its shares fell 83% in 2022.
Economic Times

Fed to size up next rate hike with eye on inflation - almost 2 years ago
If U.S. consumer price data released on Thursday confirms the cooling seen in most recent monthly jobs report, Atlanta Fed Bank President Raphael Bostic told reporters on Monday that he would have to take a quarter point increase "more seriously and to move in that direction."
Economic Times

Big Movers on D-St: What should investors do with Godfrey Phillips, PFC and JSPL? - almost 2 years ago
The stock doubled from its lowest level of Jun’22 (Rs 304) and rose to 10-year high of Rs 607. Currently, the stock is trading tad below its prior point of polarity (Rs 620). In the past, the stock reversed after a short-term up-move and witnessed profit booking. The key technical indicators witnessed bearish divergence on short-term timeframe charts. Hence, profit booking advised at current juncture.
Economic Times

US stock market: S&P 500 near flat as investors weigh chances of less aggressive rate hikes - almost 2 years ago
A consumer prices report due Thursday could be key for rate expectations, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. "The CPI report this week is going to be essential for fine-tuning the Fed funds futures market."
Economic Times

Stocks in news: TCS, Tata Motors, RIL, IRB Infrastructure, JSW Steel, Sona BLW - almost 2 years ago
The company's subsidiary Jaguar Land Rover saw a 15% YoY rise in wholesale sales volumes to 79,591 units in the December quarter, on the back of a ramp-up in production amid the improvement in chip supplies. The luxury carmaker's retail sales grew by 5.9% to 84,827 units. JLR expects free cash flow to be positive by over 400 million pounds in Q3.
Economic Times

SGX Nifty down 25 points; here's what changed for market while you were sleeping - almost 2 years ago
Indices snapping a 3-day losing streak improved the market sentiment and pulled down the volatility gauge in trade on Monday. The index ended 2.5% down at 14.6525 points.
Economic Times

Adani Green, Torrent, Shell, Actis in race for KKR's energy InvIT - almost 2 years ago
The trust's initial portfolio of assets comprised 9 operational solar power projects, aggregating to 394 MW, in Maharashtra, Tamil Nadu, Rajasthan, Gujarat & Uttar Pradesh. Subsequently, the Trust added another 7 operational solar power projects, aggregating to 144 MW, in Rajasthan, Madhya Pradesh & Punjab.
Economic Times

NCLT okays Adani Good Homes' sole bid for radius - almost 2 years ago
ICICI Prudential Venture Capital Fund and Beacon Trusteeship, who are creditors of the company and held its debentures on behalf of investors, had opposed Adani's bid for the real estate company citing foul play. They had demanded that the insolvency process be scrapped and started afresh.
Economic Times

Some lenders still continuing with Libor contracts, says RBI - almost 2 years ago
In July 2021, the RBI issued an advisory to banks and financial institutions to cease entering into new financial contracts that reference Libor as a benchmark and instead use any widely accepted alternative reference rate (ARR) by December 2021. The issue figured in a meeting between RBI and senior executives of all top banks in December.
Economic Times

Some key metrics may be headed for a sharp U-turn this year - almost 2 years ago
One of my favourite quotes this year has been, 'Things that never happened before happen all the time'. The events in the recent past such as demonetisation, the pandemic, and the Russia-Ukraine conflict are testimony to this.
Economic Times

RBI deputy governor Michael Debabrata Patra reappointed for one year - almost 2 years ago
Patra, a career central banker since 1985, took over as the deputy governor on January 14, 2020.
Economic Times

New norms for bourses to address outages - almost 2 years ago
The regulator defined stock exchange outage as stoppage of continuous trading, either suo moto by the exchange or due to reasons beyond the control of the bourse. However, stoppage of continuous trading would include trading halt on account of index-based market-wide circuit breaker. Sebi said the affected stock exchange should immediately inform various stakeholders about outage.
Economic Times

Music Broadcast could offer quick returns - almost 2 years ago
​​For every 10 shares held by public investors as on January 13, company will issue NCRPS of ₹100 a share, which can be redeemed on expiry of 36 months at ₹120 per share. The bonus NCRPS allotted will be listed on BSE and National Stock Exchange. The size of the bonus issue is ₹90 crore.
Economic Times

NaBFID plans to lend Rs 15,000 cr to infra projects this quarter - almost 2 years ago
With the appointment of IDBI Bank's J Samuel Joseph last month, NaBFID now has all three deputy managing directors (DMDs) in place. Joseph will be in charge of lending & project finance for the financial institution. Former Union Bank of India executives Monika Kalia and BS Venkatesha have already taken over as the chief financial officer and chief risk officer, respectively.
Economic Times

Stock Radar: Breakout from a descending channel pattern makes Radio City an attractive buy - almost 2 years ago
The stock, a member of the S&P BSE Smallcap index, hit a fresh 52-week high of Rs 27.75 on January 6, 2023
Economic Times

Indices up 1% on slower Fed hike hopes - almost 2 years ago
Foreign portfolio investors (FPIs) were net sellers to the tune of ₹203 crore, while their domestic counterparts were buyers worth ₹1,724 crore on Monday, according to provisional data on BSE.
Economic Times

Nasdaq drives US stocks higher as interest rate worries ease - almost 2 years ago
The benchmark S&P 500 and the Nasdaq closed the week higher on Friday after a moderation in wage increases and a decline in U.S. services activity in December buoyed hopes of a less hawkish stance from the Fed as well as a soft landing for the U.S. economy.
Economic Times

Ahead of Market: 10 things that will decide stock action on Tuesday - almost 2 years ago
After opening with an upside gap of 91 points, the market shifted into further upside with range bound movement in the early- to mid-part of the session. Intraday weakness of mid-part has been used as a buy on dips opportunity.
Economic Times

Stock Radar: Buy Music Broadcast with a target of Rs 32, says Gaurav Bissa - almost 2 years ago
"Music Broadcast Ltd or Radiocity has come out of a strong consolidation. The stock has witnessed a breakout from a descending channel pattern on weekly charts," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Sebi extends deadline till Jan 27 for comments on proposal to strengthen grievance redressal - almost 2 years ago
According to Sebi, these processes should be conducted online on an end-to-end basis using the capacity, technology, and other assistance of online dispute resolution institutions and proposed to modify the existing processes for the benefit of the investor.
Economic Times

Booster shot: ADRs of Infosys, Wipro rise on strong Q3 results from peer TCS - almost 2 years ago
“We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and UK,” said Rajesh Gopinathan, chief executive officer and managing director.
Economic Times

According to Sebi, these processes should be conducted online on an end-to-end basis using the capacity, technology, and other assistance of online dispute resolution institutions and proposed to modify the existing processes for the benefit of the investor. - almost 2 years ago
According to Sebi, these processes should be conducted online on an end-to-end basis using the capacity, technology, and other assistance of online dispute resolution institutions and proposed to modify the existing processes for the benefit of the investor.
Economic Times

Sebi clarifies on mode of payment for settlement of trades on RFQ platform - almost 2 years ago
The clarification came after stock exchanges and market participants sought clarification as to whether payment mechanisms other than RTGS provided by banks or payment aggregators can be permitted for settlement of trades executed on the RFQ platform.
Economic Times

Stock exchanges must inform brokers within 15 minutes in case of an outage: Sebi - almost 2 years ago
In the event of a disruption in trading due to an outage in one or more market segments of the stock exchange, the other unaffected segments of the exchange shall continue the trading and other operations.
Economic Times

Market Trading Guide: Laurus Labs among 2 stock recommendations for Tuesday - almost 2 years ago
After posting losses for the last three sessions, equity indices gained their mojo back on Monday. Nifty settled 1.35% higher at 18,101. There were broad-based gains, with all the Nifty sectoral indices ending in the green.“The market will react to TCS numbers in early trade. Besides, the performance of global indices will also be in focus. On the index front, a decisive close above 18,260 levels in Nifty may result in further recovery, else the decline would resume. Meanwhile, we recommend continuing with a stock-specific trading approach with a focus on risk management,”Ajit Mishra, VP - Technical Research, Religare Broking, said.Here are 2 stock recommendations for Tuesday:
Economic Times

Rekha Jhunjhunwala sells 0.5% stake in this smallcap co at steep discount - almost 2 years ago
The stock snapped a six-day winning streak on Monday. During this period, the stock rose by a whopping 33%. This may have prompted the investor to book some profits.The gains in the last session notwithstanding, the stock has been a major laggard in 2022. Its value has more than halved last year and it hit an over two-year low of Rs 31.10 in December.
Economic Times

Volume profile indicates Nifty may find support around 17,900-18,000 zone - almost 2 years ago
Tata Consultancy Services, a prominent IT company, was 3% higher, ahead of its third-quarter results. Early trading saw gains of more than 1% in both the IT and metal indexes.
Economic Times

These 6 midcap stocks record their new 52-week highs, rally up to 13% in a month? - almost 2 years ago
Benchmark index Sensex surged about 850 points to 60,747 on Monday. During this rally, six stocks from the BSE midcap index managed to touch 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

Earnings remain key risk for tech stocks after worst year since 2008 - almost 2 years ago
While price-earnings multiples have come down from their peaks during the pandemic, many of the market’s biggest names continue to look expensive. At the same time, the profit outlook is weakening and the economy could be headed toward a recession as the Federal Reserve aggressively raises interest rates to combat inflation.
Economic Times

Ace investor Ashish Kacholia raises stake in this multibagger specialty chemicals stock - almost 2 years ago
In accordance with the latest corporate shareholdings filed, Ashish Kacholia publicly holds 43 stocks with an estimated net worth of over Rs. 1,875.6 crore, Trendlyne data showed.
Economic Times

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report - almost 2 years ago
The agency said this alternate resource of fund raising by banks is on the back of widening credit-deposit gap. With credit demand continuing to outdo deposits throughout this fiscal, the overall gap between deposits and credit growth widened substantially. Incremental credit expansion stood at Rs 12.7 lakh crore, while deposit accretion continued to trail at Rs 8.9 lakh crore
Economic Times

Tech View: Nifty forms long bull candle on daily charts. What traders should do on Tuesday - almost 2 years ago
For bulls, 18000 would be the sacrosanct support zone, and above the same, the pullback formation will continue till 18200-18270. On the flip side, below 18000, the uptrend would be vulnerable and the index could retest the levels
Economic Times

Fixed income returns in India set to surge in 2023, prompting higher investments - almost 2 years ago
With inflation continuing to stay high globally and the risk of sustained rate hikes from global central banks pushing economies into a recession, 2023 is likely to be challenging for equity markets.
Economic Times

Gainers & Losers: L&T, TCS among 6 stocks in limelight today - almost 2 years ago
Indian equity indices reversed last week’s losses to end in the positive territory on Monday driven by broad-based gains for risky assets across regions after US data hinted at less aggressive rate hikes and on hopes for global growth as China reopened its borders.At the close, Sensex ended 847 points higher at 60,747, while Nifty50 climbed 1.35% to 18,101 points . Broader markets, however, underperformed the headline indices. Among sectoral indices, Nifty IT clocked the maximum gains of 3%.Here are the stocks that hogged the limelight in Monday’s trade:
Economic Times

Pre-Budget rally? D-Street investors richer by Rs 3 lakh crore: 8 factors - almost 2 years ago
Today's rally left Dalal Street investors richer by Rs 3 lakh crore as the market capitalisation of all BSE-listed stocks rose to Rs 282.79 lakh crore
Economic Times

Sensex snaps 3-day losing streak, surges 847 points; Nifty tops 18,100 - almost 2 years ago
Closing Bell: Sensex snaps 3-day losing streak, surges 847 points; Nifty tops 18,100; TCS, Wipro rise 3% each
Economic Times

​These 9 stocks surge over 50% in Jan-Mar quarter of last 2 years; do you own any? - almost 2 years ago
As we entered the third quarter of FY23, ET Markets have narrowed down to 9 stocks that have earned the distinction of consistently gaining over 50% in the January-March quarter of the last 2 years. We considered only companies with a current market cap of over Rs 500 crore. All 9 stocks have turned multi-baggers in the last 2 years’ timeframe (Data Source: ACE Equity). Take a look.Adani Power | CMP Rs: 283.40 | 52-week high: Rs 432.80Price return in January-March quarter 2021: 71%, in January-March 2022: 86%2-year price performance: 459%
Economic Times

Buffett's Berkshire Hathaway sells 1.1 million H-shares in China's BYD - almost 2 years ago
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97% on Jan. 3 from 14.06%, a filing to the Hong Kong Stock Exchange showed on Monday.
Economic Times

European shares rise on China reopening, rate hike optimism - almost 2 years ago
Travellers streamed into China by air, land and sea on Sunday, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic. Miners added 1.7% as base metal prices advanced on hopes of demand recovery from top consumer China.
Economic Times

DIIs' clout in domestic equities continued to increase in Dec amid sustained inflow - almost 2 years ago
​DIIs include local mutual funds, insurance companies, pension funds and banks. Their increased participation has reduced the effect of higher market volatility on Indian equities compared with the peers in emerging markets
Economic Times

2 caveats for startups planning IPOs in 2023 - almost 2 years ago
A slowing trend was also witnessed in the number of Unicorns minted during the year 2022 which was down to 22 from 44 in the previous year. The silver lining was that a couple of new-age tech companies, Delhivery and Tracxn, got listed on the Indian bourses.
Economic Times

Do great companies make great investments? This Buffett bet is a case in point - almost 2 years ago
Many long-term investors often draw inspiration from Warren Buffet, so let me use one of Berkshire’s investments as a test case to debunk that myth. The investment in question is Coca-Cola (KO) - one of the largest beverage companies in the world, the second-largest holding at Berkshire Hathaway.
Economic Times

Multibagger Tata stock can zoom 21% to fresh all-time high in 2023: CLSA - almost 2 years ago
In a business update, ahead of the full quarterly results which would be announced later in the quarter, Titan said healthy consumer demand spurred by a vibrant festive season resulted in a 12% growth in combined sales year-on-year (YoY) across the company's standalone businesses.
Economic Times

Jhunjhunwalas raise stake in this PSU stock that gave index-beating returns in 2022 - almost 2 years ago
The reviving credit growth, better margin prospects, lower FPI ownership, lower imminent risk of a rise in credit costs, and the large valuation discount makes public sector bank stocks a preferred bet for Credit Suisse over private banks.
Economic Times

How does Nifty behave in January? Check out the leaders & laggards of last 10 years - almost 2 years ago
Within the Nifty 50 index, there are certain sectoral outperformers and laggards within the 10-year period. Nifty IT performed well in January for the most number of years (about six), while Nifty Metal was under pressure three times in the analyzed time frame.
Economic Times

Multibagger smallcap rallies 20% to hit upper circuit. Should you buy? - almost 2 years ago
The stock trading at a PE level of 13.7x comes with a dividend yield of 1.35%. The diversified conglomerate is spread across verticals like edible oil, distillery, and real estate.Last month, the company bagged Rs 285 crore order to supply 4.9 crores litres of ethanol to oil marketing companies. Additionally, the distillery unit of the company had also bagged an order to supply 1.65 crore litres of ethanol to Reliance Industries with an order value of Rs 107 crore.
Economic Times

Pre-Budget rally? D-Street investors richer by nearly Rs 3.5 lakh crore: 8 factors - almost 2 years ago
Today's rally left Dalal Street investors richer by Rs 3.45 lakh crore as the market capitalisation of all BSE-listed stocks rose to Rs 283.2 lakh crore.
Economic Times

Unlucky PSU stocks! More than 50% cos languish ahead of Budget, shows 10-year history - almost 2 years ago
The government has been unable to proceed with the strategic disinvestment of Bharat Petroleum Corp, Container Corporation of India, and Shipping Corporation of India due to regulatory challenges and adverse market conditions.
Economic Times

Stock market update: Sensex jumps 900 points, Nifty above 18,100 - almost 2 years ago
Sensex jumps 900 points, Nifty above 18,100; IT stocks rally; TCS up 3% ahead of Q3 show; Aegis, Bharti Airtel, Future Retail are some of the BSE gainers at this hour.
Economic Times