9 IT stocks showing bearish trend
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India’s forex reserves rise by USD 6.3 billion to USD 584.76 billion
Foreign Currency Assets increased by USD 4.740 billion to USD 514.431 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold holds near one-year high as Fed seen pausing rates
The Fed, meanwhile, considered a rate-hike pause in March in the face of the sudden collapse of two U.S. regional lenders, yet inflationary pressures were seen as more important. The collapse pushed bullion over $2,000.Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim non-yielding bullion’s appeal
Retail investors have re-imposed their faith on equity mutual funds: Arnav Pandya
Whenever we look at this data, I think we need to look at it in the proper perspective on an overall basis because just picking one item out of the entire set might not give the correct picture.
3 sectors Mileen Vasudeo is bullish on for near term
Going forward pharma is the one which is quite oversold, so it will bounce back. Indian pharma if you see Dr Reddy is the stock which is making a higher high and clearly an outperformer.
Rich using PMS & AIF for alpha generation, MF for beta allocation: Mrinal Singh
We are long-term bottom-up investors and don’t try to take a broad-based market call in the near term. In the words of Benjamin Graham “… in the short run the market is a voting machine, but in the long run it is a weighing machine”.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, […]
New stock picks of top 10 mutual funds in March
Red Tape is the top new bet of HDFC Mutual Fund, as it bought 56,04,000 shares of the company in March. Its other top new investments include Craftsman Automation, Ingersoll-Rand and BLS International.
After Infosys result, there may be a sell-off in other IT stocks on Monday: Dipan Mehta
Infosys’ guidance of 4-7% constant currency has disappointed investors and may lead to a sell-off in other IT stocks. Dipan Mehta, Director, Elixir Equities, suggests staying away from the sector for now, although the time to sell may have passed due to the correction. Mehta advises investors to closely monitor figures such as deal flow […]
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