Piyush Goyal asks industry to accelerate production
He was addressing industry leaders at a chintan shivir (brainstorming session) where issues related to creating a manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, and fostering industry agility were discussed.
Populist expenditure may not hit govt’s fiscal deficit targets: Goldman Sach
The government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.
India slips four ranks in global hunger index 2023; govt says flawed methodology
The report places India below its neighbours Pakistan (102), Bangladesh (81) and Nepal (69) in the index. It points out that India had the worst rates of wasting, with 18.7% of the children under five who have low weight for their height.
Breakout Stocks: How PCBL, TVS Motor and Nippon Life are looking on chart for Friday’s trade
Sectorally, buying was seen in oil & gas, energy, metal, and auto stocks while IT, realty, and capital goods stocks saw some selling.
Chakri Lokapriya on stocks to sidestep in the current market
According to Chakri Lokapriya, CIO & MD of TCG AMC, investing in TCS, oil marketing companies, and the metal sector at their current levels is not recommended. He believes that TCS’s numbers reflect a slowdown in the industry and investing in the stock will not generate significant returns. Lokapriya also suggests staying on the sidelines […]
PMS Tracker: These smallcap funds emerged laggards in September
But in the smallcap category, one of the best-performing funds has been Aequitas Investment’s “India Opportunities”, giving more than 3% returns in September, and a staggering 82% over a 1-year period.
10 midcap stocks hit a 52-week high, do you own any?
On Thursday, the Sensex saw a drop of approximately 65 points, ending the day at 66,408. In contrast to this market decline, ten stocks listed on the BSE midcap index achieved their highest prices in the last 52 weeks. The 52-week high holds significant significance for specific traders and investors as it acts as a […]
Tech View: Nifty forms Spinning Top candle. What traders should do on Friday
On daily charts, we can observe that Nifty has been consolidating after a sharp rally of about 350 points in the previous couple of trading sessions. This consolidation is a healthy sign and shall set the floor for the next leg of an upmove. On the downside, the gap area formed in the range 19718 […]
Mutual funds offload Jio Financial shares worth Rs 2,850 crore in September
SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.
Chart Check: 80% rally in 3 months! Breakout from an inverse Head & Shoulder pattern could push the stock to fresh 52-week high
Short-term traders can look to buy the stock on a break above 68 levels for a possible target of Rs 90-125 in the next 6 months, suggest experts.