Stocks in news: Vedanta, BHEL, Hero, M&M Financial, KFin Technologies
The company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO). Vivek and Rachna will report to the CEO.
F&O stocks to buy: Wipro, SBI among top 6 trading ideas
The S&P BSE Sensex rose more than 900 points while the Nifty50 closed with gains of over 250 points on Thursday. India VIX was up by 2.16% from 12.06 to 12.32 levels.
Fed seen pivoting to interest rate cuts in March, perhaps earlier
Economic data on Thursday showing stronger-than-expected retail sales in November and a smaller-than-anticipated rise in weekly jobless claims had traders paring a bit of their earlier enthusiasm for Fed policy easing next year.
Muthoot Microfin offers access to microfinance activities at a reasonable valuation
The company is the fifth largest nonbanking microfinance company in the country. It has shown a stellar growth in the loan book over the past three years.
Equities beat others by a wide margin in alpha
Investment advisors said fixed income must not be compared with equities or gold but must be used as part of asset allocation to temper the portfolio volatility emanating from riskier asset classes.
New high, old advice: Spread your portfolio across assets to do well
“Asset allocation determines as much as 90% of the long-term returns of an investor’s portfolio,” said Misbah Baxamusa, CEO of NJ Wealth.
Desi money does all the power lifting this time
In contrast, the Sensex completed the journey from 50,000 to 60,000 in 158 sessions. More importantly, the latest 10,000-point Sensex rally was purely driven by domestic money.
Fed’s hold on policy rates spurs rally in banking stocks
Analysts attributed the rally in banking stocks to the underperformance in the sector compared to the benchmark and strong foreign inflows. Bank stocks have the highest weight on the Sensex and Nifty and a pick-up in overseas investor purchases of Indian equities benefit this sector the most.
PSUs take the honours in 10k run on Dalal Street
The share of state companies, which generally trail their privately run peers on valuations, surged to about 13% of India’s total market capitalisation in the 551 trading sessions the Sensex took to reach the latest milestone, reflecting the investor perception of a reforms-driven government agenda for state companies in industries as diverse as banking, insurance, […]
Dovish Fed talk gives the wind to IT stocks’ sails
“IT stocks rallied higher as the US interest rate cuts going ahead could lead to a better growth outlook for the Indian IT companies,” said Ruchit Jain, lead research analyst at 5Paisa.com. “This sector has also relatively underperformed the market in the recent past and thus, we could see a fresh buying interest in stocks […]