View: Oil prices and financial markets brace for recession
By definition, every downturn starts from a peak in the business cycle when activity is strong. The rapid shift from strong and rising economic activity into a contraction is what makes turning points hard to predict.
Bitcoin below $20K, Ether breaches $1,500; altcoins tank
The global cryptocurrency market cap was trading significantly lower at $959.65 billion, dropping more than 3 per cent in the last 24 hours. However, the total trading volume gained as much as 8 per cent, close to $84.22 billion.
Big Movers on D-St: What should investors do with Mahindra CIE, Adani Enterprises and Apollo Tyres?
As long as the stock is above the same, the uptrend wave is likely to continue. Above this, it could move up to Rs 3,900-4,000. Traders may prefer to exit from the trading long positions on a close below Rs 3,550.
Golden Crossovers: These 4 stocks signal further bullishness
In the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on September […]
Wall St tumbles amid Fed tightening jitters, economic rumblings
A mixed bag of economic data, led by better-than-expected retail sales, cemented the likelihood of another 75 basis-point interest rate hike from the Fed at the conclusion of next week’s monetary policy meeting, as uncertainties simmered over where the central bank will go from there.
What changed for market while you were sleeping
Major Asian stocks opened lower Friday after Wall Street shares slumped, battered again by worrying economic data and concerns about the impact of further aggressive Federal Reserve action next week. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.89 per cent lower.
Stocks in the news: UPL, Adani Ports, IndusInd Bank, PVR and SBI Cards
Agro-chemical firm, UPL, has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh.
These stocks could return 15-26%: Analysts
The brokerage sees potential for a ‘significant’ re-rating of the stock as valuations are expected catch up with its peer group on strong growth in FY23. The valuation of the mid-sized IT company, owned by the RPG Group, at an estimated Price to Earnings (PE) ratio of 12 times is one of the lowest among […]
Lenders’ Dilemma: Restart Srei sale or review non-compliant bids
A majority of lenders did not favour accepting a non-compliant EMD since that would require changing the terms of the RFP and reinviting bids. Some lenders, however, were worried that the alternative option – liquidation of the twin Srei companies – will result in lower recoveries.
Pharma has to find new growth pills as Covid booster wears off
The pandemic provided a reason to the stock market to be excited about the pharma sector that had been facing lacklustre prospects amid challenges in the US business, USFDA compliance issues, pricing pressure, big-bang acquisitions not working out on expected lines and modest growth in the domestic market.