Posts in category Economic Times
Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO: Report (14-04-2024)
The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.
Ahead of Market: 10 things that will decide D-Street action on Monday (14-04-2024)
Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three sessions, indicating weakness. The index is in the process of retracing the rise it has witnessed from 22,710 – 22,776.
Market Trading Guide: IRCTC, Samvardhana Motherson among 5 stock recommendations for Monday (14-04-2024)
The S&P BSE Sensex closed 1.06% lower at 74,245, while the NSE Nifty50 index ended below the 22,550 level.
Nifty Bank has historically given 5% average return in Q4 earnings season: Anand James (14-04-2024)
"HDFC Bank, ICICI Bank, SBI, and Axis Bank which constitute the bulk of the banking sector in Nifty 50 look exhausted hinting at profit booking in the near term. Incidentally, 70% of the time in the last 10 years, Bank Nifty has given an average 5% return during the Q4 earnings season. This gives us the hope that profit-booking efforts could be short-lived."
Options trading strategy for Nifty & Bank Nifty for this week (14-04-2024)
The price structure of Nifty is forward an upward-sloping channel for which the range at present is 22,900 – 22,000. The prices are just a tad around its March ATH of 22,500. It would be interesting to see if its prices can sustain this level in the next one or two days and revert to upside momentum, or if we are in for further correction to lower levels of 22,240 – 22,100.
Iran-Israel war: Will Nifty bulls get trapped in crossfire and how it may impact investors? (14-04-2024)
One of the biggest impacts of the tensions in the Middle East could be on crude oil prices. Last week, oil prices neared a six-month high on concern that Iran, the third-largest OPEC producer, might retaliate for a suspected Israeli warplane attack on Iran's embassy in Damascus. After the fears came true on the weekend, analysts feared that crude oil prices, which had settled near the $90 a barrel mark on Friday, could cross the $100 level in the next few days.
Value of LIC’s investment in Adani stocks jumps 59% to Rs 61,210 crore in FY24 (14-04-2024)
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
Technical Breakout Stocks: How to trade Quess Corp, KEI Industries and Tata Power on Monday (14-04-2024)
KEI Industries is in a strong uptrend on both a positional and intraday basis. In the short term, the upside resistance levels are at 4,087 and 4,187, and on the downside, support levels are placed below 3,830 and 3,710.
Silver hits lifetime high. Will the rally continue? (14-04-2024)
The bullish rally in gold also had a positive influence on silver prices. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices, often following the trends of gold prices
Value triumphs momentum in FY24 from the quant lens (14-04-2024)
A refreshing observation was the comeback made by the Value factor in FY24. In recent years, particularly since Covid, Momentum has consistently led market returns, while Value struggled to catch up. Finally, FY24 marked the year when the tables turned, and Value outperformed Momentum