Stocks to buy or sell today: 8 short-term trading ideas by experts for 13 January 2023
Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
ETMarkets Smart Talk: Defense, railways among top 6 sectors which will be in focus in Budget 2023: Sonam Srivastava
We do expect the January effect to come into play and we expect the budget-linked sectors to rally. So in 2023, while the Indian markets might get dented by the global recession, they will not drown.
ETMarkets Fund Manager Talk : India seeing structural trend in financialization of savings: Krishnan VR, Marcellus Capital
Our selection criteria favours companies which generate high returns on capital and are currently undervalued. Our valuation measure is based on P/FCF instead of P/E, as we believe a company’s free cash flow generation ability is a better predictor of future returns than post tax earnings.
Big Movers on D-St: What should investors do with Max Financial, HCL Technologies and Cyient?
After a short-term correction, the stock has formed a range-bound formation near the 200-Day SMA (Simple Moving Average). It has formed a promising reversal formation this week and is comfortably trading above 20-Day SMA.
Stocks in news: Infosys, HCL Tech, Cyient, L&T Tech, L&T, Wipro, Shriram Fin
Infosys on Thursday reported a 20.2% year-on-year (YoY) rise in consolidated revenue for the quarter ended December to Rs 38,318 crore, which topped analysts’ estimates. Consolidated net profit rose 13.4% on year to Rs 6,586 crore and was largely on expected lines. The software major surprised the Street by raising its constant currency revenue growth […]
Oil heads for solid weekly gain on China demand hopes
Oil prices have also been buoyed by a slide in the dollar to a nearly nine-month low after data showed U.S. inflation fell for the first time in 2-1/2 years, reinforcing expectations the Federal Reserve will slow the pace of rate hikes.
Mutual funds continue to pare exposure to NBFCs
Also, investments in corporate debt of NBFCs dropped by 25.8% over last year to ₹65,000 crore in November 2022. The percentage share of total corporate debt to NBFCs, too, declined to 4.1% in November 2022 from 5% in November 2021.
RBI seeks action against PFS Chief over alleged violations
The central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the house in order, is said to be concurring with the forensic audit conducted by the company, which found out violations, including evergreening of loans.
Bitcoin rally shows that where tech stocks go, cryptocurrencies follow
Bitcoin rose as much as 4.5% on Thursday to trade around $18,356, its highest since early November, when the first signs of trouble at the FTX exchange began a tale of bankruptcy and criminal charges that has decimated the crypto industry. The cryptocurrency is on pace for its longest winning streak since the heydays of […]
Bilcare: Rekha Jhunjhunwala offloads most of her holding
The stake sales comprise almost 80% of Rakesh and Rekha Jhunjhunwala’s joint holding of over 1.9 million shares in the company as on June 30, 2021. The shareholding data as on September 30, 2021, did not reflect the stakes of the Jhunjhunwalas. Rakesh Jhunjhunwala passed away on August 14.