2 top stock recommendations from Rajesh Palviya for next week
So, the way broader market is participating, sectorial rotation is happening, now the IT is on the front seat for this rally, so the way market is doing the sector rotation that is clearly giving us confidence that ahead of budget maybe we can see further higher level towards 25,000 level also.
Mix and match? Looking for beaten-down and also momentum stocks: Aveek Mitra
Aveek Mitra of Aveksat Financial Advisory has been spreading bets defensively post-election, keeping minimal cash. Focusing on chemicals, IT, and pharma, he emphasizes risk management over returns. Highlighting investments in mid-smallcap, consolidation phases, and API, Mitra addresses rising investor expectations and remains adaptable, leveraging a client base built without promotion.
Taiwan, India threaten China’s top spot in EM equity portfolios
The rise of Taiwan and India is allowing investors to better diversify by betting on artificial intelligence chipmakers and the infrastructure boom coming from Modi’s programs to modernize the country. As the US rate cycle peaks out, having attractive options in emerging markets is fundamental to any pivoting of capital flows.
Expect tailwinds for IT sector in near term: Anshul Saigal
There is a lot of excitement around what the opportunity is and which is why you are seeing at higher levels more and more people coming in and buying. But it is precisely in such high bullish times that you see seeds of bearish times ahead and which is why I would be cautious in […]
Vodafone Idea converts ATC India’s residual OCDs into equity
The conversion follows ATC calling on Vi yesterday to convert the remaining 1,600 OCDs – out of the 16,000 originally issued to it by the telco — into 160 million fully-paid equity shares.
HCL Tech net profit up 6.8% QoQ at Rs 4,257 crore; surpasses estimates
Following the Tata Consultancy Services (TCS) earnings Thursday, several technology stocks surged to lifetime highs Friday, and were at the forefront of the stellar showing of the broader stock indices. TCS led the pack of five technology companies, including HCL Tech, that were the top five Nifty gainers.
US inflation data, IT stocks propel Indian indices to fresh highs
The NSE Nifty rose 186.20 points, or 0.77%, to close at 24,502.15, having hit a lifetime high of 24,592.20 during the day. The BSE Sensex rose 622 points, or 0.78%, to end at 80,519.34, down from an intraday record of 80,893.51.
Bank credit growth outpaces deposits again, albeit at a sluggish pace
Bank credit grew 14% while deposits grew 11% year-on-year, highlighting concerns over asset-liability mismatches. RBI emphasizes the need for banks to address the gap. Governor stresses the importance of maintaining a balance between assets and liabilities.
RBI makes adverse remarks against top PSU bank executive
In a rare move, the Reserve Bank of India (RBI) has raised concerns about Asheesh Pandey’s conduct as an executive director at Bank of Maharashtra, influencing his candidacy for MD & CEO at Indian Bank. The RBI highlighted issues related to regulatory compliance during a 2023 exit meeting. Despite being shortlisted, Pandey’s final approval hinges […]
India could become 2nd-largest economy by 2031: Dy Guv Patra
Reserve Bank of India Deputy Governor Michael D Patra outlined India’s potential to become the world’s second-largest economy by 2031 and the largest by 2060, citing the country’s inherent strengths. He addressed challenges such as labor productivity, infrastructure development, manufacturing sector contribution to GDP, and sustainable economic practices during a speech at the Lal Bahadur […]