2 top stock recommendations from CA Rudramurthy BV for near term
Indian equities showed resilience, with the Nifty nearing 26,100 despite global weakness. While headline indices hit all-time highs, broader market sentiment remains cautious. Experts advise a defensive approach, reducing leverage, and focusing on capital protection amidst divergent market signals.
India stands out as a stable emerging market amid AI and US volatility: Matt Orton
Market strategist Matt Orton observes global risk-off sentiment impacting Japan, with potential for opportunities once stability returns. He favors gold as a portfolio balance and sees Bitcoin nearing capitulation. India remains a strong diversifier, while US rate hikes are likely paused, with cuts potentially resuming in 2025.
US market still ‘frothy’ despite Nvidia boost: Marc Chandler
US labor market data presented conflicting signals, with rising unemployment alongside stronger-than-expected job additions. Experts noted a softening underlying trend, suggesting an economy that is slow to hire and fire. Markets reacted to the mixed data by pushing the dollar lower and increasing the probability of a December Fed rate cut.
Chalet Hotels, Lemon Tree emerge as top picks in hotel sector: Sunny Agrawal
As Indian markets approach record highs, strategist Sunny Agrawal identifies opportunities in lagging sectors like IT, expecting a turnaround driven by potential US-India trade deals and under-ownership. He also favors hospitality stocks, citing strong demand, and selectively recommends agrochemical players like PI Industries and Vinati Organic despite broader chemical sector struggles.
NTPC, Power Grid emerge as top picks in renewable energy sector: Mayuresh Joshi
India is set for a massive power sector expansion aiming for 500 gigawatts of renewable capacity by 2032. This presents significant opportunities for generators, transmitters, EPC players, and financiers. Companies like NTPC and Power Grid are well-positioned. Demand for storage and data centres will benefit firms like ABB and Cummins. Financiers offer long-term value due […]
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.