Govt may raise the income tax exemption level from the current Rs 2.5 lakh in the Budget 2023: Mohit Nigam
Based on the rollover data, Nifty may stay on the positive side. For January Expiry, important levels to watch for are 18500 on the higher side whereas 17600 can act as support on the lower side.
Big Movers on D-St: What should investors do with PFC, REC and TD Power?
The stock is also moving above all the major averages which is a good sign for an upside move. One can buy the stock at the current level and more on dips of 140 with a stop loss of 129 on a weekly closing basis.
Apple’s slide topples last stock in $2 trillion club
Underpinning Apple’s valuation is the hope that the company still has major growth opportunities ahead. Services have been a key area of expansion in recent years and now represent more than a fifth of revenue. The company also is working on some big swings, such as a mixed-reality headset that could be unveiled as soon […]
IT companies expected to report muted Q3
Analysts ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.
Oil steady after last session’s slump as Fed minutes awaited
The dollar weakened after posting big gains in the previous session. A weaker dollar typically boosts demand for oil as dollar-denominated commodities become cheaper for holders of other currencies.
NSEL investors face ED glare on trades
The notices, served under the Prevention of Money Laundering Act, were received by investors over the past fortnight, two persons familiar with the matter told ET. The agency has asked investors to share details about their trades between 2009 and 2013 – the year thousands lost money after a payment default by NSEL.
Stocks in news: Radiant Cash, D-Mart, RIL, Vedanta, HDFC, SpiceJet, Railtel Corp
Reliance Consumer Products Limited, the FMCG arm of Reliance Retail Ventures Ltd, will acquire 50% stake in Gujarat-headquartered Sosyo Hajoori Beverages Private Limited (SHBPL), which owns and operates beverage business under the flagship brand ‘Sosyo’.
Kotak Equities initiates buy rating on LIC
“The margin expansion, driven by the shifting of product mix by its unparalleled agency force, should boost VNB (value of new business) growth, even as overall medium-term APE (annual premium equivalent) growth will likely be lower than private peers,” said Kotak’s analysts in a client note. “The large unrealized equity gains (59% of FY2022 EV) […]
IT companies expected to report muted Q3
Analysts ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.
EMs likely to shine with dollar index peak in sight
In each of the four US market recessions since 1990, EMs were the first to recover demonstrating a significant jump from trough to peak. For instance, EM equities gained 33% in the three months after global equities hit a bottom in the last week of March 2020 .