At multi-year highs: These 5 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous 5-year high value at the close on December 15, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Hot Stocks: Global brokerages on HDFC Bank, BoB, SBI and ICICI Bank
BofA Securities maintained a buy rating on HDFC Bank with a target price of Rs 1900. The private sector lender is well-positioned to deliver ahead of market expectations, said the global brokerage.
Stock recos: Hindalco | Bharat Forge | Tata Power
The open interest in metal stocks is close to multi-year lows. Hindalco and JSW Steel have one of the lowest OI.
ETMarkets Smart Talk: Broader market likely to outperform largecaps in 2023: Krishna Sanghvi, Mahindra Manulife
But the tables are likely to turn in 2023, and mid-cap and small-cap stocks are set to outperform largecap peers, according to Krishna Sanghvi, chief investment officer – equity at Mahindra Manulife Mutual Fund.
Stocks to buy or sell today: 5 short-term trading ideas by experts for Friday, 16 December
The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 18,500 levels on Thursday.
Dollar stands tall as hawkish ECB fans downturn fears
The Bank of England raised its key interest rate on Thursday as well and indicated more hikes were likely. However, investors bet that the BoE might be getting close to the end of its increases in borrowing costs.
KFin to ride MF wave, but issue suitable for high-risk investors
It also serves clients in Malaysia, the Philippines, and Hong Kong. The domestic MF segment contributed 70.6% to revenue from operations in FY22. The international and other investor solutions formed 7.6% and issuer solutions contributed 11.6% to the revenue while the rest was from global business services.
Oil rises, poised to end week higher despite economy concerns
The market found support this week from International Energy Agency projections of Chinese oil demand recovering next year after a 2022 contraction to 400,000 barrels per day (bpd). The agency raised its 2023 oil demand growth estimate to 1.7 million bpd.
Nomura sets Nifty 2023 target at 19,030
“Inflation has peaked, but could remain sticky. This would likely keep Fed hawkish prioritising inflation flight over growth slowdown,” said Nomura’s strategists Saion Mukherjee and Neelotpal Sahu in a note to clients. “The tightening monetary policy could drive major economies into recession and India’s growth will likely be adversely impacted from the global spillover.”
HUL could see a 15% upside, says Jefferies
The brokerage house expects HUL’s earnings per share to rise 13% and values the stock at 60 times its September 2024 earnings, slightly higher than its five-year average to arrive at its base-case target price.