Tech View: Nifty forms higher high, higher low series. What should traders do next week
Nifty has been in a consolidation zone for over a month and we may soon see a breakout or breakdown with the former. However, for any significant rally, Nifty will have to give a decisive breakout above 22,250.
Top 10 MF houses account for 78% of total AUM. Here’s the list
The top 10 mutual fund houses based on the total AUM account for around 78% of the total AUM. The total AUM of the mutual fund industry was Rs 54.02 lakh crore as of January 31, 2024, according to data by ACE MF. The other 34 mutual fund houses account for 22%. Here’s the list:
Technical Stock Pick: Multibagger in a year! Is Dixon Technologies in a new bull market?
Short to medium-term traders can look to buy the stock for a target above 7000-7600 levels, suggest experts.
Hot Stocks: Brokerage view on Maruti Suzuki, ABB India, Mamaearth and Asian Paints
Brokerage firm Macquarie has a neutral rating on Maruti Suzuki, Axis Capital downgraded ABB India to reduce, CLSA has an underperform rating on Asian Paints and Citigroup initiated a buy on Honasa Consumer (Mamaearth).
Thai Casting debuts with 141% premium on NSE SME platform
Thai Casting IPO subscribed over 300 times. It specializes in precision machining and emphasizes quality assurance. The Indian die casting industry expected to grow at a CAGR of 15-20%.
ECB posts its first loss since 2004 after barrage of rate hikes
Central banks around the world have suffered financially from the combined effects of large asset-purchase programs conducted when inflation was low and quickly rising interest rates after the pandemic.
Top ARCs vie for three road projects, metals company metenere
Several asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in the Swiss auctions that lenders have initiated for three road projects – Pink City Expressway, Haridwar Highways Project, and Rohtak Hissar Tollway – and Metenere, a manufacturer of recycled non-ferrous products.
Japan’s Nikkei index surges past record after 34 years
That was more than a generation ago at the height of Japan’s post-war boom. But this time around, the economy is in recession and nobody’s talking about a bubble. Preliminary measures of exports, manufacturing, services and other indicators released Thursday suggested continued weakening.
IT’s fab five to narrow gap with smaller peers as costs bug clients
The revenue share of 83 Tier-II and -III companies increased steadily over the past seven quarters to hit a record 17.7% of the aggregate rupee-denominated revenue for a sample of 88 IT companies in the December quarter while their net profit share was also at a record 14.5%.
Nvidia shares surge 15%, set off rally on Wall Street
Nvidia’s earnings were a major test for the AI-fueled rally on Wall Street that first pushed the S&P 500 above the 5,000 point mark earlier this month. Some analysts had cautioned that disappointing results could spark a steep selloff among technology stocks.