Can ChatGPT beat humans in picking stocks? Study says ‘Yes’
A study by scholars from the University of Chicago found that ChatGPT can outperform human analysts in predicting stock earnings, as reported by The Financial Times.
ETMarkets Smart Talk: There will be FOMO among long only FIIs in Modi 3.0: Sorbh Gupta
On the day of the result, the market experienced increased volatility. But we anticipate that this volatility will lessen over the coming days and that the market’s attention will eventually switch to macro and solid fundamentals, which continue to remain strong.
S&P Ratings places 6 Tata group companies on ‘CreditWatch Positive’
The review is reportedly done to review whether the potential of support for the group entities from Tata Sons is greater than what the ratings agency had previously thought of. This is due to increasing operational and management linkages within the group.
Infosys to announce Q1 results on July 18
Infosys will flag off the first quarter earnings for FY25. It expects its constant currency revenue growth for FY25 to be around 1-3%. The operating margins are predicted to be anywhere between 20-22% in the current fiscal.
Tech View: Nifty forms long-legged Doji candle on charts. Here’s how to trade next week
With its continued range-bound action within 23,300-23,500 levels, Nifty is not showing any early breakout signs on either side. A decisive move above 23,500 levels may open an upside breakout and a slide below 23,300 levels could mean a chance of downside breakout of the range movement in the near term.
GPES Solar IPO opens today: Check issue size, price band, GMP and other details
The GPES Solar SME IPO opened for subscription today aiming to raise Rs 31 crore. It is an authorized distributor of Sungrow India, Saatvik Green Energy Private, and LONGi Solar Technology.
India likely to present Budget on July 22
Budget 2024: Sources informed ET that the Union Budget 2024 is expected to be presented on July 22. The primary policy priorities will include addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue growth to stay on the fiscal consolidation path. Additionally, the government aims to simplify […]
Big movers on D-Street: What should investors do with Sobha, L&T Finance and Marico?
On Thursday, benchmark indices maintained their upward momentum and reached new highs. The 30-share Sensex surged by 538 points, hitting an all-time peak of 77,145, while the Nifty rallied by 75 points, settling at a fresh closing high of 23,398.
Bank of Japan to trim bond buying, keeps rates steady
Under Governor Kazuo Ueda, the Bank of Japan announced a tapering plan at its July meeting, aligning with previous decisions. The central bank’s move towards normalising monetary policy comes amidst global central banks tightening policy to combat inflation.
Vodafone Idea prefers stock as payment for Nokia and Ericsson bills
The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs […]