Stocks to buy or sell today: 6 short-term trading ideas by experts
The S&P BSE Sensex rose nearly 1200 points on Friday while the Nifty50 closed above 18300 levels.
What changed for market while you were sleeping
Stocks on Wall Street rose for the second day on Friday and notched strong weekly gains as data showing a lesser than anticipated rise in inflation last month strengthened prospects for a slowdown in the pace of rate hikes by the Federal Reserve. Technology stocks were among the lead gainers.
Asia shares mixed on Fed warning, China hopes
The news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The dollar regained a little ground early on Monday as its index added 0.4% to 106.870, but remained well short of last week’s 111.280 top.
Stocks in the news: LIC, Godrej Properties, ONGC, Fortis, Bharat Dynamics and ZEEL
ONGC, Grasim, IRCTC, Bharat Forge, Biocon, Abbott India, Balkrishna Industries, NMDC, Aarti Industries, AIA Engineering, GMR Infra, Godrej Industries and Radico Khaitan are among the companies that will announce their results for September 2022 quarter today.
Traders bullish on Mindtree, Hero Moto, HDFC Bank and Infy
On weekly chart, the index has formed a bullish candle with a lower shadow indicating buying at lower levels and 18,000 acting as a good support. If Nifty crosses and sustains above 18,450, it would witness buying, taking the index towards 18,600-18,700. If it breaks below 18,200, it would witness selling, taking the index towards […]
India Inc raises over $5 billion via ECBs in 2 months
These flows came at a time when the rupee was plunging to record lows. Thus, they provided cushion to the sliding rupee against the US dollar, slowing the pace of the rupee’s decline. The sum is about half of total overseas funds raised in this financial year via this route.
Keystone offer needs a long-term horizon to build on strengths
Usually, analysts value the real estate companies by discounting the future cash flows. However, due to lack of availability of data for that, the company can be valued on price-earnings (P/E) multiple. On FY22 earnings, the company demands a P/E of 45 times. Oberoi Realty, Macrotech and Godrej are at 31, 36 and 102 times.
Godrej Properties may beat Rs 15,000 cr new project guidance
In the first half of this financial year, Godrej Properties has achieved its highest-ever sales for the first half of any financial year with its bookings valued at over Rs 4,930 crore. Of this, the second quarter witnessed total booking worth Rs 2,409 crore with total booking volume of 2.71 million sq ft.
Sebi moves to spread collaterals across banks to reduce concentration risk
Over the years, half a dozen banks, specialising in capital market exposures with their dealing with brokers and investors pledging stocks to raise funds for trades, have captured the market. As a result, these banks have ended up holding a predominant value of the FDs and securities and issuing guarantees given as collaterals with the […]
Global rally, inflows can lift indices to new highs
The Sensex closed at 61,795, up 1,181 points, or 1.95% on Friday. The Nifty surged 321 points, or 1.78%, to close at 18,349. The Sensex and Nifty hit all-time highs of 62,245 and 18,604 on October 19, 2021. Analysts now anticipate the Nifty to test 18,650-18,750 levels, meaning a jump of 1.6-2.2% from the current […]