Tata Investment shares surge 11%, hit fresh 52-week high. Here are 2 reasons for renewed buying
Tata Investment Corporation shares rose to a 52-week high after announcing a 1:10 stock split to boost liquidity and retail participation. The stock has gained 24.5% in two sessions, following shareholder approval to subdivide each ₹10 share into 10 shares of ₹1 each.
Gold prices cool off by Rs 900 from highs after Fed remarks on potential rate cuts. Will the uptrend resume?
Gold prices eased Rs 900 from record highs after Fed remarks dampened immediate rate cut hopes. Despite profit-taking, global uncertainty and central bank demand keep bullish sentiment intact for gold and silver.
Bitcoin remains range-bound at $112K, experts say market looks for hints on further rate cuts
Bitcoin is range-bound at $112,218, while Ethereum trades around $4,140, awaiting cues on potential rate cuts. Optimism is fueled by new wallets accumulating 73,702 BTC, and social media buzz suggests fresh liquidity. Analysts indicate a macro bullish structure with room for upward momentum, but caution that Bitcoin needs to hold above $114,000 with genuine spot […]
Maruti Suzuki shares jump 2% to hit 52-week high after Goldman Sachs upgrade, 15% upside potential seen
Maruti Suzuki shares hit a 52-week high on the BSE on Wednesday after Goldman Sachs upgraded the stock to ‘Buy’ with a target of Rs 18,900. The upgrade highlights strong entry-level demand, new model launches, and strategic advantages in upcoming emission norms.
Motilal Oswal initiates coverage on Sri Lotus Developers with Rs 250 target; stock jumps over 5%
Sri Lotus Developers and Realty shares rose 5.5% to ₹195.75 after Motilal Oswal initiated coverage with a ‘Buy’ rating and a ₹250 target price, implying a 28% upside. The brokerage highlighted strong fundamentals, sectoral tailwinds, and a robust project pipeline.
Indian REITs yield higher than US, Singapore, remain compelling bet’: Anurag Mathur
Indian REITs offer attractive yields, surpassing those in mature markets, making them appealing to investors. The real estate market is projected to grow significantly, driven by urbanization and infrastructure investment. While Gen Z favors rentals for flexibility, Millennials aspire to homeownership, carefully timing their purchases amidst rising costs.
Gold steady near record high as markets assess Powell’s comment
Gold prices remained stable near record highs. Investors are carefully analyzing Jerome Powell’s remarks on potential interest rate cuts. They are also awaiting a key inflation report. The dollar’s weakness made gold more affordable. NATO cautioned Russia regarding airspace violations. Other precious metals like silver saw little change. Markets anticipate possible rate cuts later this […]
Dollar on defensive despite Powell’s caution on further easing
The dollar weakened, nearing its lowest point in a week. Traders anticipate two more US interest rate cuts this year. This is despite Federal Reserve Chair Jerome Powell’s cautious stance on further easing. The dollar index saw a drop this week. Market bets are on quarter-point rate cuts at the remaining Fed policy meetings.
India may raise foreign investment limit in PSU banks
India is planning to allow more foreign investment in Public Sector Banks. The current limit is 20%. The government wants to strengthen these banks. This will help them raise more capital. The government will keep at least 51% stake. This ensures the banks remain public. The goal is to make them globally competitive.
Complacency and not valuations, real risk: BlackRock Quant Head
BlackRock’s Raffaele Savi remains optimistic about equities, citing strong growth drivers and investor caution outside US tech. He dismisses dot-com comparisons, highlighting real revenues in today’s tech firms. Savi emphasizes quant funds’ role in providing steady returns and the importance of combining AI with human judgment to navigate market shifts, advocating for equity-heavy portfolios for […]