Stocks to buy or sell today: 6 short-term trading ideas by experts for 3 November 2022
The S&P BSE Sensex fell more than 200 points while the Nifty50 managed to hold on to 18,000 levels on Wednesday.
Five-Star Business Finance IPO to open on Nov 9; price band fixed at Rs 450-474
Five Star Business Finance has created a business model based on identifying an appropriate risk framework and the ideal instalment-to-income ratio to make sure that customers have the resources to repay the loan.
Oil slips as dollar firms, but supply worries check losses
The benchmarks settled up more than $1 on Wednesday, aided by another drop in U.S. oil inventories, even as the Fed boosted interest rates by 75 basis points and Chair Jerome Powell said it was premature to think about pausing rate increases.
Big Movers on D-St: What should investors do with Mazagon Dock, ITC and Sun Pharma?
Share prices of ITC have closed in the green for eight straight months since March 2022. The stock has been consistently maintaining its uptrend and can be seen trading in a rising channel on broader charts.
Stocks in the news: HDFC, Relaxo, Mahindra Finance, Lupin and MTAR Tech
HDFC, Adani Enterprises, HPCL, Coromandel, Vodafone Idea, Bank of India, Devyani International, SKF, Ajanta Pharma, UCO Bank, Sanofi, Blue Star, Sapphire Foods and Amara Raja are among the companies that will announce their results for September 2022 quarter today.
What changed for market while you were sleeping
Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.9%, with South Korea down 1.5%.
Dollar gains as traders gird for higher U.S. rates
This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Further tightening of financial conditions shall put downward pressure on risk assets and strengthen the dollar.
Wall Street drops as Powell signals Fed not close to done
The target federal funds rate was set in a range between 3.75% and 4.00%, but the impact of the hike was initially tempered by new language that suggested the central bank was mindful of the effect its outsized rate hikes have had on the economy.
Fed hikes again by 75 basis points, hints at entering end phase
The unanimous decision lifts the target for the benchmark federal funds rate to a range of 3.75% to 4%, its highest level since 2008. Yields on two-year Treasuries plunged, while the S&P 500 index rallied and the dollar index slid.
Sun Pharma’s Q2 nos draw price upgrades, stock hits 7-yr high
Shares of India’s largest pharmaceutical company, which surged to its seven-year high earlier on Wednesday, advanced 1.45% to close at ₹1,051.60. It touched a high of ₹1,070.95 before giving up some of its gains. Analysts have a median target price of ₹1,135.28 per share. That translates roughly into gains of 8.3% from the current market […]