Stocks to buy or sell today: 10 short-term trading ideas by experts for 17 October 2022
Indian market is expected to open lower on Monday tracking muted global cues. The S&P BSE Sensex closed nearly 700 points higher on Friday while Nity50 closed just below 17200 levels. We have collated stocks from various experts for traders who have a short-term trading horizon:
Trader’s Guide: These 2 stocks can offer 8-9% returns in near-term
There are many pockets in the markets that are showing resilient and relatively strong performance. Few public sector banks fall in this category.
Big Movers on D-St: What should investors do with Infosys, HDFC Bank and Avenue Supermarts?
The counter witnessed a double bottom formation that shows a change in trend and a momentum reversal from the prior leading price action. The overall structure looks lucrative as it trades above its all-important moving averages.
CEOs expect 10% hit to profit from a recession
According to the findings, 62% CEOs in India believe that a recession will upend anticipated growth, with around one-third of the CEOs saying their companies have also implemented a hiring freeze. However, taking a longer-term view, 79% CEOs expect their organisation headcount to increase over the next three years.
CEOs expect 10% hit to profit from a recession
According to the findings, 62% CEOs in India believe that a recession will upend anticipated growth, with around one-third of the CEOs saying their companies have also implemented a hiring freeze. However, taking a longer-term view, 79% CEOs expect their organisation headcount to increase over the next three years.
What changed for market while you were sleeping
Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for further drastic tightening in global financial conditions, with all the risks of recession that brings. MSCI’s index of Asia-Pacific shares outside Japan was trading 1.2 per cent lower.
Stocks in the news: Electronics Mart, HDFC Bank, DMart, Bajaj Auto and ACC
ACC, Bank of Maharashtra, PVR, Can Fin Homes, Craftsman Automation, Heidelberg Cement, Spandana Sphoorty, Tata Coffee, Tata Metaliks and Oriental Hotels are among the companies that will announce their results for September 2022 quarter today.
Nifty may trade in 16,450-17,450 range: Analysts
Though the market saw a bounce-back from 16,747, the move got capped at 50% of the retracement of the fall (18,096-16,747) around 17,429. Consensus expectations of Nifty EPS for FY23 broadly remain in a range of 850-865, implying 20 times forward PE limiting the downside and India maintaining its premium.
Bajaj Auto’s going strong at home, but weak exports may hit growth
That would continue to weigh on its stock as exports, hitherto the mainstay of the maker of Pulsar and Platina, are unlikely to rebound quickly due to the macroeconomic headwinds faced by African nations that give the bulk of the business to the Pune-based automaker.
Bank of Maharashtra cuts home, personal loan rates
The bank said it is making retail loans cheaper to bring in cheer among customers during the festive season. Home loans from the bank will now be available at 8% per annum while the personal loan rate becomes cheaper at 8.9% from earlier 11.35%.