Gold trading strategy: Buyers should hedge buying positions; metal likely to touch $1,900/ounce
With both the PMIs now in the contraction zone, the odds of a recession in the US have increased dramatically as ISM non-manufacturing data are much more reliable indicators than ISM manufacturing data.
Hot Stocks: Brokerages on Paytm, Policy Bazaar, Titan Company and The Phoenix Mills
BofA Securities maintained its neutral stance on Paytm. It has disbursed Rs 3,665 crore ($443 million) worth of loans in the month of December.
ETMarkets Fund Manager Talk: Won’t like to be the jockey to invest big despite India’s strong prospects: Nishit Shah, PhillipCapital
India is relatively better placed with expected nominal GDP growth of 10-15% range for next 8-10 years. India has the ‘D3’ power which none of the other EM has: Democracy, Demography and Digitisation, and this is what will attract a lot of global liquidity.
ETMarkets Smart Talk: Renewable energy, sugar among 6 sectors which will remain in spotlight in Budget 2023: Hemant Sood
We have witnessed a commendable bull run in the Equity Market from March 2020 to October 2022, during which we have seen a rally across the market caps and sectors.
How TCS, Infosys and HCL Technologies moved post Q3 results in next 30 days: Anand James
From the doorsteps of 19000, the sustained decline was disappointing, though not unexpected. However, the psychological mark of 18000 failed to trigger a solid bounce, and appears to have rattled traders, prompting talks of 17500-300, also evidenced by Nifty put option activity.
Big Movers on D-Street: What should investors do with TCS, IDBI Bank & HG Infra Engineering?
The counter has witnessed a breakout of inverse head & shoulder on the weekly timeframe. But it has given a meaningful correction to retest the previous breakout level of Rs 108. Now it is starting the next leg of a rally towards Rs 65.
Oil nudges higher after China opens borders, lifts fuel demand outlook
Energy futures for crude oil, refined products and natural gas have plummeted in the New Year as traders have reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.
Index fund assets more than double in a year
Among the equity funds, investors have shown interest in broad based indices like the Nifty 50, Nifty Equal Weight 50, while some rich investors with an appetite for risk have also bought factor indices and some thematic index funds like auto, IT and pharma.
Nifty may trade in 17,777-18,250 range: Analysts
A decisive move by Nifty below 17,750 is likely to prompt traders to add fresh bearish bets, said technical analysts. Balkrishna Industries, Apollo Tyre, HDFC Life, ICICI General Insurance and, SBI Life, M&M, Cummins India, ABB are some of the stocks suggested by analysts for short-term trading.
Reliance Consumer to focus equally on full FMCG range, backend sourcing
Newly floated FMCG flagship Reliance Consumer Products (RCPL) said it intends to enter the entire spectrum of domestic, household and consumer goods such as pharmaceuticals, food products and beverages, agri- and non-agricultural produce, commodities, educational, raw, processed and commercial products. The filing was made to the Registrar of Companies.