Positive Breakout: These 5 stocks cross above their 200 DMAs
In the NSE Large Cap pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 5, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above […]
ETMarkets Smart Talk – We’re adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
Stock market Holiday 2025: Are Indian exchanges NSE and BSE shut for Bakrid today?
Eid al-Adha, also known as Bakrid, will be celebrated in India on June 7, leading to closures for most public offices, schools, and banks on June 6. However, stock markets like NSE and BSE will remain open. The festival commemorates Prophet Ibrahim’s faith. Upcoming stock market holidays in 2025 include Independence Day, Diwali, and Christmas.
RBI accepts 95% of bond buyback ahead of monetary policy review
Ahead of its bi-monthly monetary policy review, the Reserve Bank of India (RBI) accepted ₹23,855 crore worth of bids in its bond buyback, 95% of the notified amount. Despite the acceptance, market enthusiasm was muted compared to January’s exercises.
Asian shares have tepid start before US jobs data
Asian equities are trading cautiously as investors await US jobs data for clues on Federal Reserve interest rate decisions. Tesla shares plummeted after Elon Musk’s spat with Donald Trump, overshadowing optimism from renewed US-China trade talks. Despite Trump’s positive comments, analysts remain skeptical about a lasting trade resolution, while China faces scrutiny over currency transparency.
Economists push for 50 bps cut to boost India’s economic growth
With future price pressures appearing benign and credit demand subdued, some economists are advocating for an outsized 50-basis-point rate cut by the Monetary Policy Committee (MPC). This move aims to revive the credit cycle and boost economic momentum, potentially counterbalancing uncertainty.
Stablecoin firm Circle triples after IPO priced above range
Circle Internet Group witnessed a remarkable surge, with shares soaring up to 235% following its IPO. The stablecoin issuer and its shareholders raised nearly $1.1 billion amidst strong demand, pricing shares at $31 each. Trading at $94.
JP Morgan stays ‘Overweight’ on RIL, cites better outlook
JP Morgan has increased the price target for Reliance Industries. The firm maintains an ‘Overweight’ rating. This is due to a better earnings outlook over the next two years. Reliance shares have faced pressure. This pressure is from earnings cuts in FY25. The retail business is key to the conglomerate’s valuation. An improved growth outlook […]
Fed’s Kugler backs holding rates if inflation risks persist
Federal Reserve officials are expressing concerns about the potential inflationary impact of tariffs. Governor Kugler anticipates larger price increases due to President Trump’s tariffs in 2025, supporting steady interest rates if inflation risks persist. Presidents Schmid and Harker also highlighted the unsettling economic outlook and potential for tariff-driven price pressures.
Which Engineering & Construction stocks should you invest in for FY26?
Jefferies highlights Hindustan Aeronautics, Siemens, Larsen & Toubro, and KEI Industries as top picks in the engineering and construction sector. Order flow for these companies surged by 28% in FY25, driven by strong performances from HAL and Siemens. The brokerage anticipates continued operating leverage, particularly in defence stocks, with power, defence, and railways offering high […]