Eye on Fed decision: Sensex gains 145 points; Nifty settles above 18,650 - almost 2 years ago
In the Sensex pack, Tech Mahindra, Tata Steel, NTPC, SBI, IndusInd and Power Grid were the top gainers, rising about 1-2%
Economic Times

Sebi planning 'micro' REITs to boost nascent market - almost 2 years ago
The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors, said the official.REITs in India must now have a minimum asset value of 5 billion rupees ($60 million). The possibility that SEBI may lower the minimum has not been reported previously.
Economic Times

Multibagger PSU stock to trade ex-dividend on Thursday - almost 2 years ago
RCF commands a dividend yield of over 2%. For the previous fiscal year ending March 2022, the company declared a dividend of Rs 3.85 or 38.5%. Considering the current share price, it amounts to a dividend yield of 2.85%.
Economic Times

Sensex rises 145 pts; Nifty ends above 18,650; Voda Idea jumps 10% - almost 2 years ago
Closing Bell: Sensex ends 145 points higher ahead of Fed outcome; Nifty crosses 18,650; Voda Idea jumps 10%, Yes Bank cracks 8%.
Economic Times

Nifty Bank hits fresh record high, crosses 44,000 mark for first time - almost 2 years ago
“We expect this outperformance for banks and the tailwind for the sector to continue for 2023. In the short term, after yesterday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets,” he added.
Economic Times

Nikkei closes at 2-week high on hopes for slower U.S. rate hikes - almost 2 years ago
Technology heavyweights led the Nikkei higher, with chip making equipment maker Tokyo Electron rising 1.9% to provide the biggest boost to the index. Wafer maker Shin-Esu Chemical gained 3.01%, while air-conditioning maker Daikin Industries rose 1.18%.
Economic Times

European shares fall on caution ahead of Fed rate decision - almost 2 years ago
The index had rallied more than 1% on Tuesday as equities globally received a boost from softer-than-expected U.S. inflation data that raised hopes of the Fed shifting to smaller rate hikes.
Economic Times

Two-day Finbridge Expo to be held in Mumbai on December 17-18 - almost 2 years ago
Catering exclusively to the financial services & technology industry, Finbridge Expo has become a mainstream platform for many financial service providers to showcase their products and services. The event would be held from December 17-18 at Nehru Centre, Worli, Mumbai from 17th – 18th December.
Economic Times

Fed Decision-Day Guide: Officials to downshift rate hikes, aim for higher peak - almost 2 years ago
The Federal Open Market Committee is widely expected to raise rates by 50 basis points and bring its benchmark target rate to a range of 4.25% to 4.5%, the highest since 2007. Fresh quarterly economic projections released after the meeting will also shed light on how much further policymakers expect rates to go.
Economic Times

Morgan Stanley initiates coverage in Yes Bank, sees downside of 9% - almost 2 years ago
In its report, Morgan Stanley said YES Bank is moving in the right direction post 2020 NPA crisis. It stated that the bank has focused on reducing asset quality challenges by accelerating provisions and cleaning up its balance sheet organically as well as via asset sales. It expects gross impaired loans to fall to 9% by end of FY23 from a peak of 22% in March 2020.
Economic Times

These 4 stocks from packaging stocks can rise up to 37% on rising demand, declining raw material prices - almost 2 years ago
In early part of 2022, a sharp rise in the price of polymers and speciality chemicals prices hit the margins of packaging companies. With now prices cooling off, tailwinds for select packaging companies have increased exponentially in a short span of time. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Patel Engineering rises 5% as board to consider fund raising - almost 2 years ago
In an exchange filing, the company said that its board of directors are scheduled to meet on December 16, Friday, to consider fund raising plans. The company is likely to raise funds through the issuance of equity shares of the company on a rights basis to the existing equity shareholders, it added in the regulatory filing.
Economic Times

Triveni Turbine rises 5%, hits 52-week high on fixing record date for share buyback - almost 2 years ago
The board of directors of the company, at its meeting held on November 2, 2022, had approved a proposal of the buyback of fully paid-up equity shares of the company through the tender offer route, at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 190 crore.
Economic Times

Tirupati Forge jumps 5% after addition of a US-based client - almost 2 years ago
In a regulatory filing, the company said that the company has received approval from a US company to buy a mass quantity of flanges, forged fittings and other components.
Economic Times

Kotak Mahindra Bank, BSE among 9 stocks that can rally in near term - almost 2 years ago
After a quick correction, domestic equity markets are back in recovery mode, suggest analysts. However, the volatility is not yet over as traders will be looking at Fed meet outcome which may guide the market direction. Analysts believe that select stocks are ready for a breakout on a technical basis and may rally sharply for near-term gains. Here are a few of their recommendations:
Economic Times

Yes Bank tumbles 8% after stake allotment to PE majors - almost 2 years ago
Global brokerage Morgan Stanley has initiated coverage on Yes Bank with an underweight rating and a target price of Rs 20.50. The Return on Asset (ROA) recovery beyond 1% will be gradual, said the foreign broker. The global investment bank expects strong RoA improvement to 1% by FY25, which will be helped by higher PPOP margins/lower credit costs, it said.
Economic Times

This PSU bank stock doubles in just one month. What’s driving the rally? - almost 2 years ago
Morgan Stanley analysts said PSU banks should see relatively higher margin expansion compared to many private banks over F22-F24, reflecting a higher starting point of liquidity, sharp moderation in NPA formation, reducing interest income reversals and lower share of wholesale deposits relative to select private banks.
Economic Times

Chart Check: Colgate on verge of giving breakout from Symmetrical Triangle; fresh record highs possible - almost 2 years ago
The stock hit a fresh high of Rs 1,695 on September 2, 2022, but it failed to hold on to the momentum. Momentum suggests that the stock will be able to break above this level. On the price front, the stock price is trading above the crucial short- and long-term moving averages placed at 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.
Economic Times

Looking to financially prepare for medical emergencies? Here are 5 things to remember - almost 2 years ago
Nothing is more important than our health. We need to be financially ready to handle whatever life throws at us. In recent times, the Covid-19 pandemic and its impact have added impetus to the importance of being financially prepared for medical emergencies.
Economic Times

Paytm buyback: Will Rs 850 crore offer support stock prices? - almost 2 years ago
Paytm board believes that this buyback is a sign of confidence that the company is on a clear path to deliver cash flow profitability, and this buyback will not have any impact on its growth plans in the near future or on its profitability plans," the company said.
Economic Times

India's top 5 stock brokers control about over 60% of market - almost 2 years ago
Declining for the 5th consecutive month, NSE active user clients fell 1% month-on-month to 3.6 crore, according to a report by Motilal Oswal. Data shows that the top five brokers control over 60% of the market. Here is a list of the top 5 stock brokers:
Economic Times

HDFC Bank vs ICICI Bank: Are tables turning once again for mutual funds? - almost 2 years ago
The selling could well be part of a strategy of mutual funds to book profits in the stock which has gone up 3 times in the last 5 years. On the other hand, HDFC Bank has gone up by only about 75% during the period. Even on a year-to-date basis, ICICI Bank is up 22% while its larger peer has returned just about 8%.
Economic Times

Sensex gains 180 points, Nifty above 18,650; NCC rises 3% - almost 2 years ago
Sensex rises 180 points, Nifty above 18,650; NCC gains 3%, Yes Bank 2%; Rupee slips 4 paise to 82.64 against US dollar in early trade.
Economic Times

At multi-year highs: These 7 stocks gave 5-year breakouts - almost 2 years ago
In the NSE list of stocks with a market cap of over Rs 5,000 crore, seven stocks crossed their previous 5-year high value at the close on December 13, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look
Economic Times

Softer US inflation data drives Sensex 200 points higher - almost 2 years ago
“The lower-than-expected November CPI inflation in the US which came at 7.1% YoY and only 0.1% MoM confirms the market expectation that the Fed will hike rate by only 50bp today. The consensus terminal Fed fund rate is now slightly below 5%, which is market positive,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Hot Stocks: Global brokerage view on Yes Bank, InterGlobe Aviation and Paytm - almost 2 years ago
Credit Suisse maintained an outperform rating on InterGlobe Aviation with a target price of Rs 2350 on the back of strong plane addition in Q3, particularly 321 NEO. Indigo is leveraging the robust demand environment, it said. The global brokerage firm is of the view that a combination of higher yield and lower costs may lead to a strong Q3.
Economic Times

Stocks to buy today: 8 short-term trading ideas by experts for 14 December 2022 - almost 2 years ago
S&P BSE Sensex closed with gains of over 400 points while Nifty50 reclaimed 18,600 levels on Tuesday.
Economic Times

Golden Crossovers: RIL among 5 stocks signal further bullishness - almost 2 years ago
In the NSE list of stocks, five stocks with a market cap of over Rs 500 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on December 13. Take a look:
Economic Times

Buy or Sell: Stock ideas by experts for December 14, 2022 - almost 2 years ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on Indusind Bank and SBI while Kunal Bothra has a buy/sell recommendation on Indusind Bank and GE Shipping for today's trading session. Check out the targets and stop-loss.
Economic Times

Dalal Street investors get US inflation booster shot; will Fed keep the spirits high? - almost 2 years ago
The encouraging data bolstered stocks on Wall Street, as benchmark indices surged 2-3% on Tuesday, while yield on the 10-year treasury note plunged 15 basis points to 3.485%. The dollar index hit a near 6-month low of 103.586 points.
Economic Times

Big Movers on D-St: What should investors do with UCO Bank, Yes Bank and IOB? - almost 2 years ago
Stocks that were in focus include names like UCO Bank which was up nearly 20%, Yes Bank which gained nearly 14%, and Indian Overseas Bank which closed with gains of nearly 15% on Tuesday.
Economic Times

Stocks in focus: Ultratech Cement, HDFC and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 67 points, or 0.36 per cent, higher at 18,768, signaling that Dalal Street was headed for a positive start on Wednesday. Here are some stocks which may buzz the most in today's trade.
Economic Times

Corporate Radar: Alstone Textiles bonus issue, stock split & more - almost 2 years ago
Shares of Alstone Textiles will trade both ex-split and ex-bonus today. The bonus share issue has been announced in the ratio of 9:1, whereas the stock split is in the ratio of 1:10, as shares of face value of Rs 10 will be split into shares of new face value of Re 1 each. MFS Intercorp will announce its quarterly results. Besides, Globe Commercials' board will meet today to consider bonus share issue.
Economic Times

Tesla stock rout puts market cap below $500 billion - almost 2 years ago
Tesla first crossed above the $500 billion threshold in November 2020, after its share price jumped more than sixfold ahead of its inclusion in the S&P 500. A seemingly insatiable investor appetite for anything related to EVs, and more broadly technology, helped fuel part of that rally in a cash-rich market.
Economic Times

Trader's Guide: These 2 stocks have up to 5% upside scope, suggest tech charts - almost 2 years ago
The Nifty resumed its upward momentum on Tuesday, closing just above the 18,604 level, the previous all-time high from where it had started slipping. Many consolidating stock are now on the rise.
Economic Times

Asian stocks welcome U.S. inflation relief, but wary of Fed - almost 2 years ago
Overnight Wall Street surged, before paring gains to leave the S&P 500 up 0.7% at the close. The dollar, which is falling from 20-year highs as U.S. interest rate expectations retreat, dropped broadly and sharply, while bonds rallied.
Economic Times

Slowing US inflation raises hopes for Santa Claus rally - almost 2 years ago
The rally in the global markets could spill over into India as mutual funds, flush with money from retail investors through the SIP route, remain net buyers.
Economic Times

MARUTI SUZUKI INDIA: Short-term sideways to bearish - almost 2 years ago
Maruti Suzuki India’s daily trend is bearish. Based on RSI, it is currently at around 36 confirming weaknesses. Based on option chain analysis, the range is between 8000 and 9000. This is a wide range. Using the PCR ratio, it is at 0.4 and again confirms weaknesses. Let’s plan a trade around that.
Economic Times

SGX Nifty up 70 points; here's what changed for market while you were sleeping - almost 2 years ago
U.S. stocks rose on Tuesday after a unexpectedly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central back could stay aggressive.
Economic Times

Stocks in the news: Yes Bank, Ultratech, Axis Bank, Paytm, Bank of Baroda and HDFC twins - almost 2 years ago
Yes Bank said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity funds together would pump in about Rs 8,896 crore in the lender.
Economic Times

Wall St rises after CPI data but Fed concerns persist - almost 2 years ago
"There was some excitement early on that the CPI number was once again below expectations - it shows some sequential cooling - but once we saw that initial pop, stock investors kind of reassessed," said Jason Ware, chief investment officer at Albion Financial Group in Salt Lake City, Utah.
Economic Times

FPIs argue against Sebi mandate for data localisation - almost 2 years ago
In a discussion paper floated on November 4, the Securities and Exchange Board of India (Sebi) proposed uniform standards for regulated entities - including foreign portfolio investors (FPIs), mutual funds and brokerages - while storing information on cloud.
Economic Times

Reliance Capital lenders raise bid floor price - almost 2 years ago
The threshold price is the minimum price that a resolution applicant must offer to participate in the first round of the challenge auction to acquire the company that is undergoing corporate insolvency resolution.
Economic Times

Buffett's Berkshire further cuts BYD stake - almost 2 years ago
Warren Buffett's firm started publicly reducing its stake in Shenzhen-based BYD in August, when it cut its holding from 20.49% to 19.92%. The pace of sales accelerated in November. Berkshire only has to disclose sales of 1% or more, with any transactions to counterparties under that figure not publicized. Berkshire's holding now stands at 14.95%.
Economic Times

Robust FMCG uptick could boost consumer small-caps - almost 2 years ago
Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage's top picks among smaller consumer companies. IIFL's price targets for these stocks imply a 22-28% upside from Tuesday's closing prices.
Economic Times

BoB proposes to sell its majority stake in Nainital Bank - almost 2 years ago
BoB currently holds 98.57 per cent of the total equity share capital of NBL. Details about the process of transaction are given in the PIM, which will be published on Wednesday for inviting EOI from bidders, it said.
Economic Times

Sensex rises 402 points on global cues - almost 2 years ago
"This definitely sets the ball rolling for the Fed to consider and deviate from the super aggressive rate hikes to mild or status quo policy actions," said Dhawal Dhanani, fund manager at Samco Mutual Fund.
Economic Times

Musk loses world's richest man tag to Bernard Arnault - almost 2 years ago
In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Meanwhile, Tesla shares are further sliding, amid reports that Tesla will cut production at its Shanghai plant by 20 per cent in December.
Economic Times

Stock Radar: Breakout from Cup & Handle pattern makes United Breweries an attractive buy; likely to hit fresh highs - almost 2 years ago
The stock has risen over 5% in a month, and over 18% in the last 6 months, which helped it hit fresh highs in December
Economic Times

Resignations at PTC India Financial Services put focus on governance - almost 2 years ago
Three independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant Gokhale and Devendra Saksena resigned on December 2 while Sushama Nath resigned on November 22 after the release of the audit report earlier in the month.
Economic Times