Nifty Bank: Key levels to watch out for on Friday
Nifty Bank witnessed selling pressure at higher levels and remains in a sell-on-rise mode as long as it stays below the level of 42,000. The index immediate downside support stands at 40,500 and a breach below this will open gates for further downside toward 39,000 level.
Despite Indian market resilience, why IPO-bound firms are deferring issues
The secondary markets have been volatile lately, which is why the demand for IPOs has been slow, he added. “Investors see attractive buying opportunities in select listed stocks, so there have to be compelling reasons to look at a new stock.”
Tech View: Nifty recovers marginally from US Fed outcome; what should investors do on Friday?
“The Nifty remained volatile during the day as the market participants adjusted positions according to the FOMC outcome. On the daily chart, Nifty formed a small-bodied candle with wicks on both sides, suggesting indecisiveness,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Accenture forecasts revenue below estimates on IT spending cut, higher dollar
The company forecast current-quarter revenue between $15.20 billion and $15.75 billion, compared with analysts’ average estimate of $16.07 billion, according to data from Refinitiv.
Rupee headed for more pain as USD likely to end with huge gain this month
The Fed issued new projections showing rates peaking at 4.6% next year with no cuts until 2024. It raised its target interest rate range by another 75 basis points overnight to 3.00%- 3.25%, as was widely expected.
Dreaming of becoming a crorepati at 25? With right portfolio mix, you require Rs 10,000 monthly for 15 years
“Wealth creation in the equity market is a mix of variables that are in an individual’s control and certain variables which are not as much. The festive season has brought significant cheer with celebrations after two years of disruptions thus fueling demand for discretionary categories like apparel, jewellery, footwear, retail, hotels etc. The expected strong […]
India is the one-eyed king In the land of the blind: Sunil Subramaniam
“Now with the deflationary and the recessionary scenario coming in the global setting, the money that had left India to go to the commodity producing countries is likely to re-shift from the commodity exporting market to a commodity importing market like India. FII flows will come and support the market. “
Piramal Enterprises, Zomato and KNR Construction could give 20-40% return
“KNRC remains net debt free and will focus on asset monetization ahead. Due to the monsoon and delays in receivables from the Irrigation segment, the pace of execution is likely to be slow in the near term,” MOSL said.
Market cap of Adani Group stocks equals 83 midcaps or 858 smallcaps
As a result of the massive surge in share prices, the Ahmedabad-based businessman’s wealth grew 116 per cent in the last one year and in absolute terms, he earned Rs 5,88,500 crore, according to IIFL Wealth Hurun India Rich List 2022.
Up to 850% jump! These 5 stocks give double-digit returns for 4 months in a row
ETMarkets.com found five stocks which have given double-digit returns in each of the last four months of over 10 per cent each (Data Source: ACE Equity). We considered only companies with a market cap of over Rs 500 crore. Interestingly, in the last 4 months, these stocks have given a total return anywhere between 60 […]