Five stocks with a market cap over Rs 10,000 crore hit 5-year swing highs on November 7, signaling bullish momentum, including JSW Holdings, Apollo Hospitals, and Welspun Corp.
Posts in category Economic Times
F&O Radar: Deploy Bull Call Spread in Nifty to gain from potential positive market sentiment (08-11-2024)
The Nifty Index showed resilience after a recovery, stabilizing near key support levels. Analysts suggest a Bull Call Spread to benefit from potential upward momentum. OI data reflects cautious sentiment.
Axis Securities is Equal Weight on HDFC Bank, target price Rs 2025 (08-11-2024)
Axis Securities sets a target price of Rs 2,025 for HDFC Bank. The bank’s current market price is Rs 1,760.5. HDFC Bank focuses on reducing its loan-to-deposit ratio. The bank aims to achieve this by slowing down credit growth and boosting deposit growth. Axis Securities predicts a return on assets of 1.8-1.
Fed’s Powell says he will not quit even if asked by Trump (08-11-2024)
Federal Reserve Chair Jerome Powell stated he would defy any attempt by incoming President Donald Trump to remove him from office, emphasizing that such action is legally prohibited. Powell affirmed the Fed’s independence, stating that the recent election wouldn’t influence their policy decisions, despite Trump’s past criticisms of the central bank’s choices.
Stocks to buy today: Biocon, PNB among top 7 trading ideas for 8 November 2024 (08-11-2024)
The Indian market is predicted to stabilize, with the Nifty anticipated to fluctuate between 23,600 and 24,600. Experts suggest buying opportunities in stocks like Bank of Baroda, Biocon, and PNB, with specified target prices and stop-loss levels.
LIC shares in focus ahead of Q2 results today (08-11-2024)
Life Insurance Corporation of India (LIC) is set to announce its July-September 2024 quarterly results today. In the previous quarter, LIC reported a 9% rise in net profit, reaching Rs 10,544 crore, and a 16% increase in net premium income, hitting Rs 1.14 lakh crore. The company also saw significant growth in both individual and group business segments.
SBI Q2 Results Preview: NII may grow at 4-9% YoY on healthy loan growth (08-11-2024)
State Bank of India is predicted to post single-digit net interest income growth for the September quarter, fueled by loan growth but tempered by deposit costs. Brokerage estimates project net profit to range between Rs 12,894 crore and Rs 18,712 crore, with varying outlooks on year-on-year and sequential changes.