Brigade, DLF and Sobha top picks from real estate basket: Anand Tandon, Independent Market Analyst
I would argue that India has to still spend at a lot more in terms of defence acquisitions and one of the places where they have done a fairly good job of indigenisation is actually on the naval vessels and coastguard vessels, etc.
Hot Stocks: Morgan Stanley raises target price for Bank of India, Bank of Baroda
The domestic brokerage firm believes that the outperformance of PSU stocks is likely to continue moving forward, and the next big trigger for the market will be budget expectations.
At multi-year highs: These 6 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 2,000 crore, six stocks crossed their previous 5-year high value at the close on December 5, 2022 suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:
Golden Crossovers: These 4 stocks signal further bullishness
In the NSE list of stocks, four stocks with a market cap of over Rs 2,000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. The 50-day […]
Exit polls predict BJP victory in Gujarat, yet D-Street to have a silent party
“We have observed over the years that the exit poll has had little influence on market sentiments. At most, it will have an effect within the first half-hour or hour of the market opening,” said Sunil Damania, chief investment officer at MarketsMojo.
Oil prices rise after price cap on Russian crude, OPEC+ meeting
The Group of Seven price cap comes as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
Aditya Birla Group leads race to add W owner to cart
The transaction will also trigger an open offer for an additional 25% of the company. If the open offer is fully bought into, the new investor could own up to 86.24% of TCNS, for Rs 3,016 crore. The current market capitalisation of TCNS Clothing is Rs 3,507.16 crore.
SBI’s non-home retail loans grow by 1 lakh cr in 12 months to 5 lakh cr
“A series of tactical measures and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs 5 lakh-crore mark under personal banking advances,” the bank’s chairman Dinesh Kumar Khara said.
India’s capex cycle sets the stage for a $10 trillion economy
Most of this will require a sizeably higher dose of capital investments from every constituent in the economy. Gross fixed capital formation (GFCF) forms around 30% of India’s GDP at $790 billion. Public and private capex are stronger, while infrastructure and industrial capex were flat over the last decade. India has witnessed a sluggish investment […]
FPIs raise bullish bets as India outperformance picks up pace
The six-month rolling cumulative inflow of FPIs has turned positive for the first time in a year at ₹34,539 crore ($4.14 billion) at the end of November 2022, data from NSDL show. This six-month rolling cumulative reading was the highest in 14 months as overseas investors invested $10 billion (₹84,799 crore) in the previous five […]