Incredible India earns upgrade from CLSA. 8 reasons, 20 stock picks behind the U-turn
Last month, Nomura had also upgraded the Indian equity market to overweight status saying that valuations may remain expensive. In August, Morgan Stanley had upgraded India to overweight rating and ranked India as the No. 1 market in its basket of Asian emerging markets ex-Japan on the back of a structural uptrend and secular leadership.
Emerging-market stocks sink to lowest since 1987 relative to US equities
That took the gauge, as of Monday’s close, to the weakest-ever level relative to the S&P 500 Index in data going back to 1987. The ratio has since recovered as the emerging-market benchmark rose more than 1% in Tuesday’s session.
Analysts reiterate positive view for Hindalco, shares seen gaining up to 13%
CLSA Asia Pacific Markets and Kotak Institutional Equities have raised their target price on the company by 7-8%, with both the brokerages maintaining a ‘buy’ or ‘add’ rating. The shares closed with over 2% gains at 480.65 rupees on Tuesday, also supported by strength in the broader market.
Stocks to buy today: Paytm, NMDC among top 6 trading ideas
India VIX was down by 1.14% from 11.40 to 11.27 levels on Tuesday. Volatility cooled off and comforted the bulls.
Big Movers on D-Street: What should traders do with Ajmera Realty, Suzlon Energy, and ITI?
There were broad-based gains in the market, but the midcap and smallcap segment saw more action on Dalal Street.
Birkenstock prices US IPO at $46 per share
The IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully diluted basis.
At multi-year highs: Coal India among 9 stocks that saw 5-year swing high breakout
Nifty Realty hits 15-year high as traders ride bullish momentum
“The rally in Nifty’s Realty index broke its September high levels which is an indication of resumption of the uptrend in the segment,” said Ruchit Jain, lead research analyst at 5Paisa.com.
BoE gives 3 years to clearing houses for inspection framework
The European markets regulator in October 2022 de-recognised six domestic clearing houses, creating hurdles for trading and management of billions of dollars’ worth of international flows for the continent’s banks operating in India.
Who is worried about FPI exits? Not Dalal Street
Market experts that ET spoke to believe that long term investors need to focus on the India growth story rather than feeling concerned over the FPI selling, which has more to do with global geopolitical issues