Chipmakers drag Wall Street lower after Micron’s warning
The Dow Jones Industrial Average fell 25.18 points, or 0.08%, at the open to 32,807.36. The S&P 500 opened lower by 6.95 points, or 0.17%, at 4,133.11, while the Nasdaq Composite dropped 86.97 points, or 0.69%, to 12,557.49 at the opening bell.
Ahead of Market: 10 things that will decide stock action on Wednesday
“A sustainable move above 17,550 levels could be considered as an upside breakout of the range and that could pull Nifty towards the next important resistance of 17,800-17,900 levels in the near term. Immediate support is placed at 17,430 levels.”That said, here’s a look at what some key indicators are suggesting for Wednesday’s action
Day Trading Guide: Paytm among 4 stock recommendations for Wednesday
On Monday, the 30-share pack Sensex advanced 465.14 points or 0.80 per cent to close at 58,853.07. Its broader peer, Nifty50, added 127.60 points or 0.73 per cent to close comfortably above the 17,500 mark. The benchmark has managed to close above 17,500 for the first time since April 12, 2022. “In the previous week, […]
Kunal Bothra’s 2 top stock ideas for this week
We saw the premium for the Nifty Futures coming back from discount parity towards being at a 35 points premium so that is again a healthy sign for the indices. So I believe that data points as well as the factors indicate that the 17200 or maybe 17160 to be precise could act as a […]
Life insurance companies look poised for growth. Can expensive valuation play spoilsport?
The insurance industry was highly impacted by the Covid-19 pandemic. The total amount of death claims paid by all insurers surpassed Rs 60,000 crore in the first nine months of FY22, over two times higher than the death claims paid for the corresponding period in FY21, which was nearly Rs 29,500 crore. Covid-19 has brought […]
Broadening Value Rotation – Value-style equities to resume its uptrend; here are 4 reasons
Faster rate hikes by the Reserve Bank of India (RBI) and the US Fed are likely to keep bond yields elevated in H2 2022 with growth remaining steady and borrowing costs still low.These catalysts provide tailwinds to Value sectors as they are positively correlated to rising growth and increasing yields.
Sebi bars Securekloud Technologies, 3 individuals from securities markets
“I note that the facts of the case prima facie show that there has been a massive falsification of the books of accounts of the company and that the company has been publishing false and manipulated financial statements showing inflated revenue/profitability,” Sebi Whole Time Member Ashwani Bhatia said in the order passed on Thursday.
Biocon looks to shore up biosimilar business. Will its investment pay off?
Biological drugs are harvested from living organisms or certain components of living organisms. These drugs are very specific and highly effective as they are made inside or with the use of living cells. These help to cure complex diseases such as cancer and rheumatoid arthritis.
Bajaj Finance, HUL could give over 10% return in long term; Siddhartha Khemka explains
Cement, Auto, and Metals posted a YoY earnings decline while IT and O&G reported flattish YoY earnings for the quarter.As the benefit of the recent moderation in commodity costs start accruing in 2HFY23E, we expect other sectors to contribute too.As of 31st Jul’22, 31 Nifty stocks reported a sales/EBITDA/PBT/PAT growth of 29%/9%/15%/12% YoY respectively, single-handedly […]
ETMarkets Smart Talk: Ashutosh Tiwari explains why he is positive on auto & realty for next 2-3 years
“One should look selectively in opportunities in the small & midcap space where growth outlook is good, cash flow generation history is strong, and valuations are reasonable. We believe that easy liquidity days are gone and therefore one should invest in companies with strong fundamentals trading at reasonable trailing multiples than where the thesis is […]