Big Movers on D-St: What should investors do with NHPC, DLF and Patanjali Foods?
The counter has given a breakout from an inverse head & shoulders formation on the daily chart, but it has given a meaningful correction to retest the previous breakout level of 37 after making a 52-week high.
Foreign investors rush to book profits via secondary sales
There have been over 25 large block deals in the past six months in which foreign funds, including Blackstone, Apax Partners, SoftBank, Tiger Global, Bain Capital and General Atlantic, among others, have sold shares worth nearly ₹35,000 crore. Secondary market deals have largely revived from sustained and continued domestic flows.
Goldman Sachs no longer sees oil at $100 in 2023
The bank has also lowered demand projections for Europe and North America in 2023 while raising that for China. This led to a 600,000 barrel per day cut for 2024 estimates while keeping 2023 demand forecast unchanged.
Markets cannot be shielded from US Fed’s predicament
In the past week, the debate in financial markets has been whether the Fed would give precedence to the mess in the US banking industry or continued inflationary pressures while deciding on interest rates in the policy meeting ending March 22. The outcome of the Fed meeting–considered one of the most crucial in recent times– […]