Groww Q2 results today: What to expect as the market awaits first post-listing scorecard
Groww reports its first earnings post-listing amidst a volatile market and a challenging brokerage sector. Despite industry-wide trading slowdowns and regulatory impacts, Groww’s large user base and cross-selling efforts may support stable revenue growth. Investors await management commentary on future growth drivers and profitability.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, 7 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 20, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Dollar set for weekly gain as Fed cut bets recede; yen intervention eyed
The dollar strengthened as investors anticipate the Federal Reserve holding interest rates steady next month, despite a mixed U.S. jobs report. Meanwhile, Japan’s finance minister hinted at currency intervention to combat a weakening yen, which has hit multi-month lows. The euro and sterling saw minor movements against the dollar, with market focus also on Britain’s […]
Can RBI’s intervention calm the surging long-end yield gap?
The gap between long-term and short-term government bond yields has significantly increased. This widening is causing concern among investors, particularly insurance companies facing losses. Market participants are now looking to the Reserve Bank of India for action. Potential interventions include open market operations or adjustments to bond auctions. The central bank has previously intervened to […]
Asian stocks follow Wall Street losses, bonds rise
Asian stocks fell mirroring Wall Street’s sharp reversal, as a brief Nvidia-led rally faded amid concerns over stretched valuations and AI investment profitability. Lingering uncertainty about the Federal Reserve’s interest rate path also contributed to investor caution, prompting a pullback from riskier assets.
RBI intends to not let banking system go dry: Bankers
The Reserve Bank of India will ensure banking system liquidity stays above 1% of NDTL. The central bank reassured bankers about its strategy. Recent interventions in the currency spot market and festive season demand caused liquidity to briefly turn negative. The RBI plans to use measures like variable rate reverse repo auctions to maintain liquidity.
Will Sudeep Pharma’s IPO stand out as a long-term growth opportunity?
Sudeep Pharma plans to raise ₹95 crore for capex and expand manufacturing capacity by 50,000 tonnes by March 2026. Despite strong export revenue and profit growth, investors may await post-listing performance due to high customer concentration and increased working capital days. The company seeks a P/E multiple of up to 48.
Nvidia’s upbeat forecast soothes fears of AI stock market bubble
Nvidia projected strong revenue exceeding analyst expectations, countering AI bubble concerns. The company anticipates a significant revenue surge in upcoming quarters, signaling sustained demand for its AI chips. This positive outlook boosted Nvidia’s stock and related tech companies, indicating robust momentum in the AI industry.
CBDT updates Capital Gains scheme, expands SEZ benefits
The CBDT has updated the Capital Gains Accounts Scheme to make it more convenient and digitally accessible. The amendment, effective November 19, extends the scheme to capital gains from shifting industrial units to SEZs under Section 54GA, encouraging such relocations by enabling tax exemptions.
High-risk investors can bet on Nifty IT index
Investors seeking high-risk opportunities can consider the Nifty IT index fund. The sector has faced headwinds, leading to underperformance and attractive valuations. Fund managers see this as a good entry point. Indian IT companies are navigating AI’s impact, presenting both challenges and opportunities. Global corporations will continue to depend on IT service partners for AI […]