IT stocks only sectoral loser in Q2. Time to bottom-fish?
Analysts said valuations have now turned favourable for long-term investors as the underlying strong positioning of Indian IT incumbents is undisputed in the global IT landscape, with strong execution capabilities and extensive range of offerings.
Want to time the market? Consider Balance Advantage Funds: Suresh Soni
“Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM – ex overnight and liquid funds, has actually shrunk. Investors with […]
Golden Crossovers: These 5 stocks signal further bullishness
In the Nifty500 list of stocks, five 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 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 […]
Multibagger smallcap stock to trade ex-split on Friday
Investors’ eligibility for the said split shall be determined based on the record date i.e. October 3, 2022. This means that investors holding equity shares of Maximus International in their demat account as on the record date will be entitled to receive split shares.
Big Movers on D-St: What should investors do with Samvardhana Motherson, Tejas Networks and IOC?
Stocks that were in focus included names like Samvardhana Motherson, which fell more than 4 per cent to hit a fresh 52-week low, Tejas Networks, which rose over 4 per cent and IOC, which also cracked over 1 per cent to hit a fresh 52-week low.
What changed for market while you were sleeping
Asian stocks opened higher on Thursday extending gains on Wall Street, where investors were reassured by the Bank of England’s intervention that helped push bond yields lower. MSCI’s index of Asia-Pacific shares outside Japan was trading 1.30 per cent higher.
Stocks in the news: Voda Idea, Ambuja Cements, Blue Dart, Hind Copper and Elgi Equipments
Mobile tower giant Indus Towers is learnt to have asked debt-ridden Vodafone Idea to clear outstanding dues and pay every month on time for continuity of business post-November.
Wall Street ends sharply higher as Treasury yields dip
Pushing yields lower on Treasuries with maturities six months and longer, the Bank of England said it would buy long-dated British bonds in a move aimed at restoring financial stability in markets rocked globally by the fiscal policy of the new government in London.
Sebi set to allow confidential pre-filing of IPO documents
The regulator’s board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
Investors seek safety in a stable pharma amid recession fears
Stocks such as Divi’s Laboratories, Ipca, Dr Reddy’s, Cipla, and Alkem Laboratories have gained between 2% and 4% in the past week. The sector was in a consolidation phase in the past year due to a decline in business growth post-Covid, and valuations dropped about a fifth.