Nifty can touch 17,500, needs some FPI push: Analysts
The Nifty seems poised for further upside towards the 17,500-17,700 level. However, this zone would be a tough nut to crack since we have a gap area near 17,500, and the upper end of the falling channel is near the 17,700 mark. The markets won’t have a unidirectional move in the first half of […]
OPEC+ announces surprise production cuts from May; oil may rise by $10/bbl
The development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023.
India Inc’s big movers will need to learn to walk the ‘talk’; A Sebi prompt could help
This is because market regulator Securities and Exchange Board of India (Sebi) in its board meeting last week has decided to make it mandatory for the top 100 listed companies by market capitalisation to confirm or deny market rumours that impact their stock prices.
Japan’s MUFG set to buy DMI Finance stake
Incorporated in 2008, DMI is registered as a non-banking finance company (NBFC) with the Reserve Bank of India (RBI). While it was mainly engaged in secured corporate lending – largely to real estate builders – till a few years ago, it has shifted focus to digital lending, providing consumer, personal and micro, small and medium […]
ET Poll: RBI may pause rate action with 25 bps hike this week
Nine of 10 economists polled by ET ahead of Thursday’s policy announcement expect a 25-bps increase. This week’s rate action is expected to be followed by a prolonged pause, with some respondents anticipating no further rate action for the remainder of FY24.
With crises behind, will RBI dust off the liquidity framework?
Since the last MPC meeting in February, global financial markets have come full circle. Traders’ bets have swung like a pendulum – from monetary easing to overcome an economic recession, to tightening to fight against inflation, and finally to easing for the sake of financial stability. All of that occurred in a matter of four […]
Many quality stocks available cheap, get your buy list ready
Stocks such as ONGC, Tata Steel, SBI Cards, UPL, HDFC Asset Management Company, and Tata Power, among others, are trading at more than 25% discount to their long-term average price to earnings (PE) ratio – a popular valuation measure. According to Bloomberg consensus estimates of analysts, many of these stocks could return over 20%.