ETMarkets Fund Manager Talk: Despite steep correction, this portfolio manager is against betting on new-age tech stocks
From the lows seen in March, Indian equities have rallied by 8-10% with the support of improving macros, lower bond yields, and peaking out of interest rate hikes.
ETMarkets Management Talk: BFSI segment may face some headwinds in near term: Cigniti CEO Srikanth Chakkilam
We have invested significantly in cutting-edge technologies such as AI, ML, and automation, enabling us to improve our service offerings and provide better value to our clients.
Positive Breakout: Vedanta among 4 stocks that rose above their 200 DMAs
In the Nifty500 pack, four stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on May 24, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA […]
At multi-year highs: ITC among 6 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 10,000 crore, six stocks crossed their previous 5-year high value at the close on May 24, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Big movers on D-Street: What should investors do with Mahindra CIE Automotive, Elgi and Dixon?
Equity markets ended lower on Wednesday, led by selling in metal and financial stocks. Analysts said that without clear cues from global markets, participants are hesitant to make big moves. However, several individual stocks outperformed, including Mahindra CIE Automotive, Dixon, and Elgi. Technical analyst Rohan Shah recommends buying all three stocks. Elgi is expected to […]
Infrastructure cos’ shares recover from Karnataka jolt
Shares of NCC rose 6% to close at ₹108.4 crore and JKumar gained 1.2% on Wednesday. L&T ended 0.5% lower to close at ₹2,184 over the previous day’s close. On Tuesday, NCC had fallen as much as 9%, JKumar fell 5%, and L&T was down 1%.
Poonawalla Fincorp trumps Federal Bank in market valuation
Adar Poonawalla-led Poonawalla Fincorp closed at ₹348.15 apiece on the BSE on Wednesday, up 0.61% from the previous close. Shares of Kochi-based Federal Bank closed at ₹123.85, down 1.43% from the previous close.
India valuations in line with historical averages
This means India’s valuations are more or less similar to or lower than long-time averages, but they have still not fallen to levels that give investors comfort to put money aggressively.
Banks mull common framework on hearing borrowers before fraud tag
A committee will be set up soon to draw up the framework, said the people cited above. It will detail the process of approaching borrowers, the documents to be submitted and reports to be given to them, along with timelines and the course of action.
Cash withdrawals at ATMs rise 235% since 2016 demonetisation
Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh together accounted for 43.1% of the total ATM cash replenished by CMS Info Systems across the country. Incidentally, these are the top 5 states with maximum gross state domestic product (GSDP) in fiscal year 2022, according to CMS Infosystems.