Commodity Talk: OPEC’s production cuts have destablised markets not just oil price, says Sreeram Ramdas
When we look at the Strategic Petroleum Reserve (SPR) that is held by the US, it’s down to its lowest levels since 1983, and we have seen a 50% drawdown since the last time it was up to the brim. This puts us, especially the US, in a challenging spot.
If oil stays below $100, then India will remain in good shape: Jinesh Gopani
See, I think if you are looking at comparison to emerging markets, Indian market valuation is still a bit higher as compared to the other emerging markets. And hence, if you see, last 12 months we would have underperformed as a market as compared to other markets.
Can metal companies get back lost sheen in FY24? Here’s what experts say
For the quarter ended December, Tata Steel, the country’s largest steel producer, reported a consolidated net loss of Rs 2,223 crore primarily because of weak profitability both in India and Europe businesses. The steel maker’s operating margin shrunk to 7.3% from as high as 26% a year ago.
Nifty to scale 20,000 in 12 months, says Goldman Sachs; remains overweight on banks
“The valuation of the stocks is reasonable, though still not cheap. The relative premium to the region has halved from a record peak and the returns would be driven by 17%/15% earnings growth in 2023/24. Returns will likely be backloaded,” it added.
Use any dip in defense stocks as a buying opportunity: Hemang Jani
So one has to really look at a slightly bigger picture and from that perspective we think that HAL, Bharat Electronics, Bharat Dynamics one can have some allocation with a two to three year kind of perspective and if you see any dip in between because of some negative surprise I think we should use […]
At multi-year highs: These 5 stocks gave 5-year breakouts
In the Nifty500 pack, five stocks crossed their previous 5-year high values at the close on April 3, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look
Stocks to buy or sell today: 5 short-term trading ideas by experts
India VIX was down by 2.74% from 12.94 to 12.58 on Monday. Volatility has been falling from the last four trading sessions which is giving some comfort to the bulls.On the options front, the weekly maximum Call OI is placed at 17700 and then towards 17500 strikes while the maximum Put OI is placed at […]
Big Movers on D-St: What should investors do with JBM Auto, Sonata Software and Rail Vikas Nigam?
The overall structure of the counter is lucrative, as it is trading above its important moving averages. MACD (moving average convergence divergence) is supporting the current strength, whereas the momentum indicator RSI (relative strength index) is also positively poised.
ETMarkets Smart Talk: How to create wealth in FY24? Invest in medium to long duration funds: Sanjay Pawar
External factors are very volatile and the global banking sector is also under public scrutiny due to mounting treasury losses. The US FED has also kept the ‘dot-plot’ for 2023 unchanged in its last meeting with a terminal rate of 5.1% depicting we are nearing the peak.
ETMarkets Fund Manager Talk: This asset manager recommends increasing equity allocation as India story remains intact
We, too, have witnessed a reasonable slowdown in certain pockets of the economy. Still, at an overall level, India will continue to see 11-12% nominal GDP growth, and one can expect similar returns over the next 6-9 months.