Nifty to remain in 18,500-18,900 range; PSU banks likely to outperform: Pritesh Mehta, Yes Securities
Churning action is expected to continue for the next few weeks. Upside count of Nifty as per P&F chart continues to be open around 19,300, yet we are likely to see range-bound action between 18,500-18,900 in the near term.
ETMarkets Smart Talk: IPO likely to pick up in 2023; Nifty target seen at 21,035: Amnish Aggarwal
2022 was impacted by FII selling, Russia Ukraine war, high inflation, and a sharp increase in interest rates. We believe that inflation has mostly peaked and the pace of interest rate hikes will be lower in the coming months.
Stocks in the news: Maruti Suzuki, NTPC, Power Grid, Dr Reddy’s, PB Fintech and Sun Pharma
Maruti Suzuki will increase the prices of its vehicles ‘substantially’ from next month as it looks to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which kick in from April 2023.
Sanjay Singh elevated as BNP Paribas’ head of India territory
Singh, who is currently the chief executive officer of the French bank’s Indian banking unit, will take over from Aymar de Liedekerke Beaufort, who has been the head of India territory since September 2021.
Sebi puts AIFs on alert over ‘closure’
After the ‘final closing’, money pools like private equity, venture capital, debt and infrastructure funds cannot accept fresh capital while a fund is required to exit its investments within the ‘end date’.
RBI may opt for a smaller rate hike this week: Experts
Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points – 0.35 of a percentage point – or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will […]
Corporate India should really get the animal spirits back: Uday Kotak
India has differentiated itself. And I like to call India a cleaner white shirt in a dirty shirt world. I would like to see the investment cycle come back. We are seeing people still cautious on the investment cycle. And we are still too much driven by consumption as the core of our economy.
Nifty likely to trade in 18,400-18,900 range: Analysts
The weakness on Wall Street on Friday could weigh on Asian markets on Monday. Ashok Leyland, LIC Housing Finance, Voltas, Havells, Crompton, SBI Cards, Chola Finance, and Aditya Birla Capital are some of the stocks investors can buy for short-term trades, said analysts.
Bonds rallying back from brutal year show power of higher rates
The selloff that hit investors with record-setting losses during the first 10 months of the year also brought a stark end to an era of rock-bottom interest payments on Treasuries by driving yields to the highest in over a decade.