Posts in category Economic Times
In case of clear majority for BJP, market may rally 8- 10%: Kunal Bothra (19-05-2024)
Kunal Bothra suggests an election-proof portfolio with L&T, BHEL, and Amara Raja Battery. He discusses FPI short positioning, VIX jump, and market scenarios based on majority outcomes. Bothra thinks markets are very pessimistic and in that context, if there is a clear majority, I would expect maybe 8% to 10% rally from current levels.
Will Nifty hit fresh record high before elections? That depends on these 5 factors (19-05-2024)
The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.
No royalty hike for parent as Nestle India shareholders turn down proposal (18-05-2024)
Majority of Nestle India shareholders have rejected a proposal to increase royalty payout to Swiss parent Nestle SA. A total of 57.18% shareholders voted against the proposal, including 70.8% public shareholders. The board approved a 5-year royalty increase from 4.5% to 5.25% of net sales. Proposal included Maggi instant noodles and Nescafe instant coffee.
Need to reconsider sachetisation of F&O trade to safeguard household savings: CEA (18-05-2024)
"When we take pride in the fact that we have the world's largest trading volume in futures and options (F&O), we need to ask ourselves is that a sign of progress or a sign of concern," the CEA said.
Debt, equity holders approve merger of IDFC with IDFC First Bank (18-05-2024)
"We wish to inform that the resolution approving the Scheme was passed by the overwhelming majority of 99.95 per cent of the equity shareholders, representing more than three-fourths in value of the equity shareholders of the bank voting through remote e-voting and e-voting during the meeting, in terms of the provisions of Sections 230-232 of the Companies Act, 2013," the lender said.
Delhivery Q4 net loss narrows to Rs 68 crore (18-05-2024)
In a separate statement, the company's MD and CEO Sahil Barua said, "FY24 has been a crucial year for us where we delivered consistent service levels, significantly improved profitability, completed a large portion of our planned long-term capital investments and achieved material working capital improvement".
Tech View: Nifty forms Piercing Line candle on weekly charts. What should traders do next week (18-05-2024)
Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
Gainers & Losers: BKT, Nestle among 6 stocks that were in spotlight on Saturday (18-05-2024)
While S&P Sensex closed 0.12% higher at Rs 74,006, the 50 company index Nifty-50 closed 0.16% higher at Rs 22,502.
Over 28 stock ideas from Prabhudas if BJP wins 300-325 seats in Lok Sabha elections (18-05-2024)
Here’ a list of sectors along with the sectoral top picks that will have a positive impact on NDA’s return, as suggested by Prabhudas Lilladher:
IEX shares rally 9% in 3 days after Q4 results beat (18-05-2024)
IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.