Sugar millers wait for price to firm up before fulfilling export quota
Export prices have come down by about 3-4% from their peak, after India allowed shipments starting November 5 following a fall in global sugar futures prices. Although the current export prices are still higher than the domestic market prices by 12-13%, millers are in a wait-and-watch mode as there are still five and a half […]
Overseas dispute settlement may be treated as expense
Any payment made towards settlement of overseas disputes or to prevent litigation for offences that are not serious or criminal in nature could be treated as a business expense and allowed as a deduction, the official said, adding that changes are being examined in Section 37 of the Income-Tax Act.
India’s poultry industry seeks corn export curb to calm local prices
Domestic corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains. Corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains.
US stocks jump at open as CPI data calms rate-hike jitters
The Dow Jones Industrial Average rose 555.64 points, or 1.65%, at the open to 34,546.65
India-UK negotiations on free trade agreement to continue
“The Ministers urged the negotiating team to work together with an aim to iron out the differences in the spirit of mutual accommodation…” the ministry said in a statement
BNP Paribas sees India underperforming EM peers in 2023, excludes ITC, Infosys
Valuation of Sensex is the highest among the emerging market peers, all of whom are trading at 0.9-1.7 times their 1-year forward price-to-book value, the brokerage said in a note
Nifty reclaims 20-DMA to form green candle. What traders should do Wed
India VIX was down by 3.28% to 12.88 levels from 13.31. Volatility dropped to its multi-month low and has been hovering at lower levels from the last two months.Option data suggests a trading range in between 18,300 and 19,000 zones, while an immediate trading range in between 18,400 and 18,750 zones.
Sensex jumps 403 pts, Nifty tops 18,600 as inflation eases
Among Sensex stocks, IndusInd Bank, Bajaj Finance, TCS, HCL Tech, M&M and Infosys were the top gainers, rising around 1.5-2%
2 top stock recommendations from Aditya Agarwala
Markets will remain range bound, maybe 18,400 on the downside is a strong support. I believe markets can test 18,660 to about 18,700 on the upside.
L&T, HUL and Marico among 8 stocks that may deliver strong returns in short term
Brokerage firms see enough money-making opportunities in a number of stocks. Based on their recommendations, here are some top picks from brokerage firms where traders can initiate buying for short-term gains.