F&O stocks to buy today: Biocon, TVS Motor among top 9 trading ideas
The Nifty future closed negative with losses of 1.03% at 21569 levels on Monday. India VIX was up by 6.57% from 12.63 to 13.46 levels. Volatility rose after the cool off in the last week and awakened the bears at crucial support zones.
China’s weight in emerging-market index drops to record low
The Chinese stock market accounted for 23.77% of the MSCI Emerging Markets Index as of Dec. 31, according to Bloomberg calculations, while Goldman Sachs Group Inc. put the latest weight at 26.4%, citing FactSet data. Either way, this is the lowest since 2017, when the New York-based firm announced the addition of China’s mainland stocks, […]
Big movers on D-Street: What should investors do with Trident, Titan and Godrej Consumer?
Stocks that were in focus included names like Trident, which rose 19%, Titan, which fell 0.04%, and Tata Steel, whose shares declined 3.68% on Monday.
Shapoorji Pallonji firm faces bond yield spike on asset sale concerns
Concerns revolve around the mandatory prepayment clause, including coupon step-ups and utilising proceeds from the monetisation of assets like Afcons and Gopalpur Port.
Bloomberg to seek feedback on including govt bonds in its EM index
“Following client feedback received during the Bloomberg 2023 Fixed Income Index Advisory Councils, Bloomberg Index Services is launching a consultation to solicit feedback on the proposed inclusion of the India fully accessible route bonds in Bloomberg Emerging Market (EM) Local Currency Index,” a document accessed by ET read.
D-Street plays safe ahead of results, macro data
The market was also cautious in the run-up to the December US consumer inflation data scheduled on January 11, after the country’s jobs data for the month turned out to be stronger than expected. These economic readings could be some of the key factors determining the US Federal Reserve’s upcoming monetary policy actions.
Loan growth, fees to lift bank profits in Q3, higher deposit costs to pinch
Term deposit rates have increased between 70 and 120 basis points, mostly in the third quarter. Analysts say that the margin compression could hence be severe, particularly year on year, as banks have lost most benefits from the rise in interest rates in their bid to garner funds. One basis point is 0.01 percentage point.
Group health policies lead the way as medical inflation, retail premiums bite
As per the ‘Independent Market Assessment of Health Benefits Administrators in Indian Health Insurance Industry’ report by Frost & Sullivan commissioned by Medi Assist, there has been a 31% jump in insurance penetration post-Covid aided by a significant jump in insurance penetration in group policies during the pandemic.
Retail investors’ faith in equities takes MFs’ AUM past Rs 50 lakh crore
Retail investors continued to allocate to their equity mutual fund portfolios using systematic investment plans (SIPs) whose collections touched a new high of ₹17,610 crore, higher by ₹537 crore than the previous month’s ₹17,073 crore.
Sula Vineyards soars 20% on CLSA upgrade
Analysts said Maharashtra is the largest market for Sula and accounts for almost half its revenues.