Stocks to buy today: Havells, Tata Power among top 9 trading ideas
The Indian market is set to consolidate Thursday amidst muted global cues, with the Nifty50 reaching the 18700 level in trading. Analysts suggest an immediate trading range between 18650 to 18850, which produces a broader trading range of 18500 to 18900. Stocks with a short-term trading horizon recommended by various experts include Oberoi Realty, Grasim […]
BofA expects two more interest rate hikes from Fed, growth in Q4
BofA earlier expected the terminal rate to be held at the current 5%-5.25% range, but the change in forecast comes after the Fed kept its key rate unchanged in the 5%-5.25% on Wednesday, but signaled two more hikes might be needed in 2023 to tame inflation.
Tesla shares finally snap record 13-day win streak that added $200 bln in value
Tesla ended its 13-day streak of gains, during which it added over $200bn to its value. Tesla’s market capitalisation rose to approximately $814bn, surpassing the value of Japan’s Toyota as Tesla’s shares rose by 40%. Tesla’s charging system was adopted by US automakers Ford and General Motors, sparking off the rally. Tesla’s forward price-to-earnings ratio […]
ETMarkets Fund Manager Talk-Look for disruptive companies, not only organic ones in midcap space: Tulsian PMS
We had a dull FY23 for the markets with markets being flat for the year. So this is a good beginning to FY24. The Nifty is up by 7.5% in the 3-month period, while our PMS has returned 18.9% over the same period.
Big Movers on D-Street: What should investors do with Paytm, Tata Consumer and Anupam Rasayan?
Indian benchmarks ended higher on Wednesday, with BSE Sensex climbing 85 points to 63,228, and Nifty advancing 39 points to 18,755. Metals and oil and gas were top gainers, while Financial Services, banks, capital goods, and IT were laggards. Paytm rose 2%, Tata Consumer Products increased 5.17%, and Anupam Rasayan dropped 0.39%. Experts recommended buying […]
ETMarkets Smart Talk- Smart money moving towards equities! We believe that this century belongs to India: Pradeep Gupta
Currently, India’s macroeconomic fundamentals are in reasonable health and corporate fundamentals are improving especially in terms of corporate margins.
Goldman’s biggest office beyond NY attests to India’s rise
Dotted around Bengaluru, formerly known as Bangalore, are the offices of luxury retailer Saks Fifth Avenue Inc., aircraft-engine maker Rolls-Royce Holdings Plc, US bank Wells Fargo & Co. and Japanese e-commerce firm Rakuten Group Inc.
Fed pauses interest rate hikes but signals more tightening to come
Policymakers also adjusted the language in their post-meeting statement, referring to how they would determine “the extent of additional policy firming that may be appropriate,” rather than “the extent to which additional policy firming may be appropriate.”
FPI count in six Adani companies on the rise since Sept 2020
An analysis of quarterly foreign shareholding trends in the six Adani Group companies—Adani Enterprises, Adani Total Gas, Adani Transmission, Adani Green, Adani Ports, and Adani Power shows a rise in the numbers of FPIs from the September quarter of 2020.
Bain Capital to sell 0.75% stake in Axis Bank
According to the deal term sheet, Bain Capital will sell 22.5 million shares, and this will result in the private equity firm making ₹2,163 core- ₹2,188 crore ($264 million to $267 million).