Market likely to extend breakouts this week, sector rotation can’t be ruled out
From a technical standpoint, Nifty50 remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there […]
A 3-1 victory for BJP in Assembly polls set to rejuvenate Dalal Street bulls; what should investors do?
MP, Rajasthan, Chhattisgarh have combined 66 or 12% of Lok Sabha seats – and the BJP-led National Democratic Alliance had swept through the 2019 general elections, winning 64 seats even after losing after the state elections in late 2018. “A stable political environment could further boost investors’ confidence and drive the markets higher, with the […]
Why Sanjiv Bhasin won’t chase Tata Tech, go for CPSE ETF instead
“Do not chase the new stocks at new highs because you have the fear of losing out. . HCL Tech has been my top pick over there. I still think HCL Tech is headed to Rs 1500 and I would add a Persistent and Coforge on declines. It is better if you chase an ETF, […]
Should you join the IPO rush? A simple guide for the savvy investor
There are 77 companies lined up, waiting to launch their IPOs. Of these, 29 have already got the go-ahead, and others are waiting for approval. We expect to see about 14 new companies on the stock market soon. This busy time in the market is probably because more people are buying things, businesses are using […]
George Putnam III tips to spot turnaround stocks for solid returns
According to Putnam, most investors chase the same stocks which are followed by hundreds of highly trained analysts and so it is hard to outperform. So he advises investors to seek out unloved, down-and-out turnaround situations as when these stocks eventually do come back, they can soar as investors pile into them.
India’s IPO Boom: A sign of vibrant markets and growing investor confidence
Notably, almost 50% of IPOs have been primary tranche issuances, signaling that companies are raising fresh capital to expand their businesses or pay off debt. This demonstrates promoters’ confidence in the future prospects of their companies and their belief in the ability of the Indian market to fund their growth aspirations.
Gold price at record high: What’s fuelling the surge?
The relationship between the US dollar and gold is often characterized by an inverse correlation. When the US dollar weakens, gold prices tend to rise and vice versa. Earlier, gold prices in the international markets were primarily driven by real interest rates. Robust US economic release boosted bets of higher-for-longer rates which ended up lifting […]
Meme-stock crowd plows into cross-asset rally lifting risky bets
The S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.
Assembly poll results, RBI policy among 7 factors that will drive Dalal Street this week
The strong momentum seen last week has led to the hope of the momentum continuing in the week ahead. However, sustenance of the momentum depends on the outcome of certain crucial events such as the outcome of the assembly elections that took place in 5 states, the outcome of which will be out on Sunday.