Key gauge shows US stocks have hit a bottom, are ripe for a rally
This data in the past gave signals before major phases of market tops and bottoms. In most cases, correction in the S&P 500 index has ended when the indicator touches -20. It flashed an extreme reading of -27 on October 21, 2022. Since then, the S&P500 has gained 6.5%, while the Dow Jones index surged […]
Higher finance costs dent profits in Q2
Companies found it difficult to fully pass on the impact of an effectively higher cost base to consumers amid intense competition to tap pent-up demand. While the December quarter may show a similar year-on-year trend, analysts expect the sequential trend to improve amid softening commodity prices.
Metals to shine some more in trading rally
The Nifty Metal index, which closed at 6558.5 on Monday, is above the September peak and is just 3.9% below the record high seen in April this year. Analysts said the Nifty Metal index has crossed its resistance of 6,500 and remains in a buy-on-dip mode as long as it has supports 6,200 on the […]
Easier rules on cards for conversion of warrants by IPO-bound companies
In September, the Securities and Exchange Board of India (Sebi) announced it would be introducing a special confidential filing framework through which companies will be able to file offer documents privately with the market regulator and seek its comments. They needn’t file any public offer document until the actual launch of the IPO. Sebi will […]
Sebi plans to revamp disclosure norms for listed companies
It proposed a slew of changes including mandating the top 250 listed companies to confirm or deny any information reported in the mainstream media, which may have material effect on it.