At multi-year highs: ICICI Bank & 3 other stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.
Big Movers: What should investors do with Amara Raja Batteries, Happiest Minds and LTIMindtree?
Bulls have the upper hand as the stock has formed a Higher Top Higher Bottom pattern. At a higher level, the price is moving in the range of 945-1020 levels. On Tuesday, with relatively high volumes, the price breached the distribution phase and closed below the lower level of range. From here, some more downside […]
ETMarkets Fund Manager Talk-High time India gets its due recognition among global investor community: Tamohara Investment
Overall, since the start of the interest rate hike cycle by the Fed, India has been among the best-performing large markets and this should continue in my view.
ETMarkets Smart Talk- FOMO among FIIs! In bull case, Nifty50 could top 24K: Vikram Kasat
The US Federal Reserve’s decision to raise interest rates can have an impact on the Indian market, particularly in terms of capital flows and investor sentiment.
PFC eyes up to Rs 5,000 crore via public issue of bonds
PFC’s issue includes three tranches – three-year bonds, 10-year bonds and 15-year bonds. The portion for institutional investors makes up 10%, while that for non-institutional investors accounts for 10%. The share of HNIs is earmarked at 40% while that for retail investors is at 40%.
HDFC Bank can rise up to 25% with attractive valuations
“We think the bank’s current valuation of 2.9x FY24E BVPS (pure bank) does little justice to its compounding potential and low balance-sheet risk,” said BNP Paribas Securities in a note to clients.
All you need to know about RIL-Jio Financial demerger
It will be a special pre-open session for the purpose of price discovery in Reliance Industries shares (excluding the financial services business following the demerger).
Foreign banks’ exposure to trades in long-term bonds not a concern: RBI
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture.
Companies’ revenue growth in Q1 may slow down, but margins to rise: Crisil
For the first time in eight quarters, Indian corporates’ aggregate revenue could see a decline as demand slowed and commodity prices fell, but profitability may improve marginally as raw materials prices eased, said Crisil.
Sensex tops 67,000 for first time, even profit-booking’s no dampener
The Sensex closed at a record 66,795, up 205.21 points, or 0.31%, from the previous record-high closing of 66,589. The index topped 67,007 in the late morning trade before paring some of its gains. The Nifty, too, made a fresh all-time closing high of 19,749, up 37.80 points or 0.19%. It scaled a new high […]