3 sectors Venugopal Garre is bullish on for near term
We per se have overweight on financials, the largest sector. We were marginal overweight on IT and I think a lot of times these Fed rate peaks, historically we have seen that also leads to some return of interest in IT given the underperformance that they have seen, it is a mild overweight that we […]
Q4 Results Today: What to expect from Eicher Motors, Asian Paints?
During the March quarter earnings season, Eicher Motors is expected to see a 15% YoY rise in revenue to INR 3,687.9 crore led by an 18% volume growth, however, revenue is expected to be down 1% QoQ. Nomura predicts that EBITDA margin could come in at 23.9% due to price hikes. Asian Paints is expected […]
We may definitely reach the 2% US CPI target by year end: Nadia Elbilassy
I think by the end of the year we could definitely reach the 2% target. But I do believe that there will be more rate hikes required. I mean, it is possible for the Fed to pause on that cycle.
Stocks to buy today: Ambuja Cements, IndusInd Bank among 9 short-term trading ideas
Indian stock market is expected to trade positively on Thursday, supported by global markets. The benchmark indices, Sensex and Nifty50, gained on Wednesday with increased volatility. This week’s maximum Call OI is at 18500 and the maximum Put OI is at 18200, suggesting the market may have a trading range between 17800 to 18500 levels. […]
ETMarkets Fund Manager Talk: Wait for global economic risks to wane before making lumpsum equity investment: Bandhan AMC
While some stability in the markets has emerged since last month, uncertainties on the global front prevails. Therefore, Bandhan AMC’s Sumit Agrawal recommends continuing with staggered investments.
Golden Crossovers: IndiGo among 3 stocks signal further bullishness
In the NSE list of stocks, three stocks with a market cap of over Rs 250 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ […]
Sebi moots higher threshold for investment in AIFs
At present, an investor with an income or net worth below a certain threshold has to chip in at least ₹1 crore to invest in an AIF – the regulatory term for PE and VC funds. The entry level investment has remained unchanged since AIF rules were announced in 2012.
ETMarkets Smart Talk: Why Vikram Kasat of Prabhudas Lilladher increase allocation to banks & cut overweight on IT
Earlier when FIIs were net sellers, they had their reasons for high Indian market valuations but now, that concern has been solved given the flat performance by the market and similarly FII buying is back given the valuation comfort coupled with better economics and fundamentals of Indian markets.
Canara Bank to spin off its credit card vertical into a separate subsidiary
Canara Bank is planning to create a new subsidiary to run its credit card business, said CEO K Satyanarayana Raju. He said the bank, which is the third most-valued state-run lender after State Bank of India and Bank of Baroda, will either use one of its existing subsidiaries or set up a new one to […]
Unique retail investor participation dips to 24-month low
In April, 67 lakh unique retail investors participated in the cash market on the NSE out of the total demat account base of 11.61 crore. This represents about 5.8% of the total demat accounts in the country. Unique retail investor participation is calculated on the basis of the PAN or Permanent Account Number. This is […]