What’s in new India’s consumption basket: Airpods, playstations, online streaming & more
The government’s Household Consumption Expenditure Survey (HCES) collected data on items like Playstations, AirPods, and power banks. It also included information on the quantity, value, acquisition, repair, and maintenance of these items. The survey provided insights into changing entertainment patterns and tracked monthly expenditures on sanitisers.
Over 70 WTO nations agree to take additional obligations in services sector; India to benefit
These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on Goods in Services (GATS) to ease non-goods trade among themselves and extend similar concessions to all other members of the WTO.
Tech View: Nifty forms bullish engulfing chart as expiry nears. What traders should do on Wednesday
The near-term uptrend status of Nifty remains positive and bullish chart patterns like higher tops and bottoms are also intact. At the same time, the market is not gaining strength to witness an upside breakout of 22,200-22,300 levels decisively.
Bitcoin tops $57,000 mark for first time since late 2021
The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m. Tuesday in Singapore. Bitcoin’s price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and […]
Deem Roll Tech shares list at 55% premium on NSE SME
Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.
Technical Stock Pick: 20% rally in 3 months! This pharma stock breaks out from a rounding bottom pattern; time to buy?
Short-term traders can look to buy the stock now for a target of Rs 590 in the next 3 months, suggest experts.
Platinum Industries IPO opens for subscription. Should you apply?
Platinum Industries IPO received Rs 70.59 crore from anchor investors. Analysts recommend subscribing due to strong financial record. The company plans to utilize net proceeds for investment in Platinum Stabilizers Egypt, capex requirements, and has strong R&D capabilities. It is a multi-product manufacturing company with sales across India and international markets.
US equities close slightly lower as focus shifts to data
“The jobs report is another week away so eyes are kind of turning Thursday to PCE price index rather than anything else. There is a lot more data this week than last week but it’s still not the biggest of the data.”
Asian Paints slumps on CLSA’s sell rating
“Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets,” said CLSA’s analysts Aditya Soman and Vatsal Dujari in a client note. “…we believe near term its growth and margins will not be immune to this competitive pressure […]
FPIs pare exposure to financials on rising fund costs, rate cut impact
The peak weight of the financial stocks in the FPIs portfolio was around 38% in the pre-Covid period. In 2023, FPIs deployed only 16.4% of the total inflow of $21 billion to the financial sector. Mirroring the trend of FPIs, local mutual funds too are paring their exposure to private banks with the sector weight […]