Breakout Stocks: How to trade Maruti Suzuki, CAMS and Britannia
The Indian market witnessed selling pressure at higher levels as traders preferred to book profits. The S&P BSE Sensex fell over 400 points to close below 80,000 while the Nifty50 also closed with a loss of over 100 points at 24,324.
Moody’s upgrades YES Bank outlook to positive, affirms ratings
Moody’s expects YES Bank’s profitability to improve over the next 12-18 months as its depositor base and lending franchise grow. This growth, combined with meeting central bank lending targets through new branch loans, will reduce operating costs and boost overall profitability.
Fed would not wait for 2% inflation to consider rate cut: Powell
The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. On Wednesday, Powell told lawmakers that he is not yet prepared to express confidence that inflation is moving sustainably down to two percent.
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
Despite discounts, SUVs continue being vehicles of choice: Srikumar Krishnamurthy, ICRA
ICRA VP Srikumar Krishnamurthy discusses post-COVID PV segment recovery driven by pent-up demand, new SUV launches, and government support for hybrid/CNG vehicles. Despite an elevated base, higher inventory, and softened demand, utility vehicles remain preferred. Temporary discounting reflects a pre-festive marketing strategy, highlighting OEMs’ competitive intensity and M&M’s celebratory offers.
7 smallcap stocks with high analyst ratings that can deliver up to 40% returns
Several brokerages are bullish on a number of stocks from different sectors, such as banking, IT and Pharma. Trendlyne data shows that 7 Nifty Smallcap index stocks, including RBL Bank, Piramal Pharma, PVR INOX, and Cyient have high analyst ratings and can deliver up to 40%. Here’s the list:
Management commentary to set the tone for IT; iffy on city gas cos: Dipan Mehta
The stock market is abuzz with discussions on AI opportunities for IT companies, potential benefits for Maruti from UP discount registration, and challenges faced by city gas distribution companies. Earnings season expectations include stagnant IT earnings but a focus on growth potential with AI. Keep an eye on new listings!
Bansal Wire shares list at 39% premium over IPO price
Bansal Wire listed at Rs 356 on NSE with a 39% premium. Pre-listing unlisted premium was Rs 63. IPO funds will repay debt.
F&O Ban List: IEX, GNFC among 9 stocks under trade ban on Wednesday
The Future & Options contracts of any stock enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL
Margin squeeze to dent banks’ Q1 profits, loan growth may offer silver lining
Banks’ Q1 profits face headwinds: Emkay Global predicts a sluggish 4% growth in pre-provisioning operating profits for the June quarter. This slowdown, affecting private lenders most, is attributed to shrinking margins and rising operational costs.