Budget 2024: Realty sector expects higher outlay for PMAY, home loan interest deduction limit raise
Favorable announcements in the housing sector could boost stocks of realty, cement, and housing finance companies. Credit ratings agency CareEdge predicts the government will increase funding for affordable housing schemes, driving construction and employment.
Alembic Pharma, Dr Lal PathLabs & Zydus Wellness hit 52-week highs; what should traders do?
The Indian market closed lower on Monday as traders preferred to remain on the sidelines in the run up to Budget 2024. The S&P BSE Sensex fell over 100 points while Nifty50 closed above 24,500 levels.
Bajaj Finance Q1 Preview: PAT may rise 16% YoY; NII should see strong growth
Bajaj Finance’s June 2024 quarter results indicate 16% PAT and 26% NII growth, with 10% more new loans and a 30% increase in AUM. March profits were Rs 3,824 crore. Axis reports stable C-I Ratio; Kotak expects 10% NIM. Motilal highlights 31% YoY AUM growth, 7% QoQ loan growth, 4.1% cost-to-AUM, 34% CIR, and 1.7% […]
Tech View: Nifty momentum indicators blink sell. Here’s how to trade on Budget day
The negative crossover in daily and hourly momentum indicators signals a sell opportunity. Key support levels to watch are 24,265 (20-day moving average) and 24,000 (23.6% Fibonacci retracement level). A breakout above 24,860 could push the market towards 25,530, according to Jatin Gedia of Sharekhan.
Corporate profits nearly quadrupled, but employee salaries didn’t: Economic Survey urges firms to raise compensation
Economic Survey: Despite significant financial growth in recent years, the Indian corporate sector has not proportionally increased job creation or employee compensation, as highlighted in the Economic Survey for 2023-24. Additionally, the compensation gap between CEOs and median employees in leading companies has widened, with many firms reporting a 20-60% increase in this ratio since […]
Why Indians need to shed weight for the developed economy goal
“Obesity is emerging as a serious concern among India’s adult population. According to National Family Health Survey 5 (NFHS-5), the percentage of men facing obesity in the age bracket 18-69 has increased to 22.9 per cent in NFHS-5 from 18.9 per cent in NFHS-4. For women, it has increased from 20.6% (NFHS-4) to 24.0% (NFHS-5),” […]
Tech picks: DMart, HUL among 5 stocks to buy for robust returns in the short term
Experts suggest considering stocks like DMart, HUL, ICICI Bank, LIC, and Mphasis for short-term gains based on technical analysis and recent market trends.
Economic Survey 2024 tells why replacing China in manufacturing isn’t that simple for India
The Economic Survey 2023-2024, released by the Finance Minister, addresses the “Chinese Conundrum.” It notes that India may not easily replace China in global manufacturing, despite India’s rapid growth. The Survey emphasizes China’s dominance in global supply chains and critical minerals, affecting India’s renewable energy. It also points out that import restrictions alone won’t effectively […]
If Trump comes to power, the worst-case-scenario is terrible for India & world: Swaminathan Aiyar
Swaminathan Aiyar foresees a possible Trump win leading to 10% global tariffs, 60% on China, sparking a trade war. EU and Modi could retaliate. Trump might cut NATO funding, ban H1B visas, ignore Taiwan, prosecute Biden officials, and cause US chaos. Congress and courts could limit actions. Rate cut expectations persist.
HDFC Bank shares surge 3% post Q1 results. Should you buy, sell or hold?
HDFC Bank’s stock rose 3% to Rs 1650.7 on BSE. Q1FY25 net profit was Rs 16,175 crore, up 35% YoY but down 2% QoQ. Interest earned was Rs 73,033 crore, expended Rs 43,196 crore.