Over 700 smallcaps correct up to 41% as Indian markets reel under pressure
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.
Top picks! Dalmia Bharat, Prestige Estates Projects among 7 small & midcap stocks that can rally up to 27%
Domestic brokerage firm Axis Securities is optimistic about several small and midcap stocks, predicting potential rallies of up to 27%. These include Federal Bank, Aurobindo Pharma, Sansera Engineering, Dalmia Bharat, and Prestige Estates Projects. According to Axis Securities, India’s economy remains in a favorable position, offering stability amidst global volatility.Here’s a list of 7 small […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut
U.S. dividend ETFs garnered $3.05 billion in September after the Fed’s rate reduction, reflecting a hunt for income amid expected yield drops. However, rising 10-year Treasury yields and the S&P 500’s high valuations may influence future inflows.
Wall Street Week Ahead: Investors look to earnings to support record-high stock prices
Corporate earnings season is beginning next week. Investors hope strong results will support high valuations in the U.S. stock market, which is near record highs. The S&P 500 has risen 20% year-to-date. Key earnings reports from major financial firms and U.S. consumer price data next week will be crucial for the market’s direction.
Dow registers record high close as US jobs data eases economic worries
The data “basically tells us economic activity in the fourth quarter is likely to remain at a solid pace,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
HDFC Bank set to witness more foreign fund inflows
In August, global index provider MSCI decided to increase the weight of HDFC Bank in two tranches – first in August, and then in November. This was contingent upon foreign investors’ headroom remaining 20% at the least.
New 10-year bond pricing conveys demand comfort
On Friday, the Reserve Bank of India (RBI) carried out the maiden auction of a new government bond maturing in 2034. The coupon – or rate of interest – for the new bond was set at 6.79%. At the time of the auction, the yield on the existing 10-year bond was trading at 6.80%, implying […]
Risk reward unfavourble for IT stocks, says Investec
The Nifty IT Index surged 19.6% in the last 6 months against an up move of 11.1% in the benchmark Nifty Index in the same period. Investec said that the surge in the IT stocks has been in anticipation of a recovery despite the earning downgrades.
The Weak That Was: Market tanks 4.5%, erasing Rs 16.6 lakh crore in investor wealth
The NSE Nifty fell 235.5 points or 0.9% to close at 25,014.6. The BSE Sensex declined 808.65 points or 1% to end at 81,688.45. Both indices, which were trading higher earlier in the day, slumped in a late sell-off ahead of the weekend.
Jio Fin-BlackRock gets Sebi nod to start MF business
“The final approval for registration will be granted by Sebi subject to fulfilment by the company and BlackRock of the requirements set out in the said (Sebi) letter,” said Jio Financial.