Posts in category Economic Times
China earnings pain erodes optimism over a rebound (24-06-2024)
Investors in Chinese stocks are losing patience as the long-awaited earnings recovery fails to materialize. Earnings estimates on key Chinese gauges have been significantly reduced, impacting the MSCI China Index.
GIFT Nifty signals negative start for D-Street. Here’s the trading setup for today’s session (24-06-2024)
Markets closed positively with Nifty futures lower. India VIX reflected fear, global markets had mixed movements. Dollar stability, yen's fall, and oil price decline impacted F&O stocks. FII data showed an increase in net long positions.
Tech View: Nifty likely to trade in a range (24-06-2024)
Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.
Oil & gas, construction and IT head FPI sell list; realty gets most inflows (24-06-2024)
Overseas investors, FPIs, NSDL data show ₹12,519 crore sold in 11 sectors between June 1-15. Oil & gas, construction, IT, metals & mining saw money shift. Oil & gas had largest selling at ₹3,683 crore in June's first fortnight.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs (24-06-2024)
Hiren Dasani, co-head at Goldman Sachs Asset Management, discusses India equity strategy with Nishanth Vasudevan, highlighting sustained corporate earnings growth in India's emerging markets.
Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin (24-06-2024)
Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.
Thanks a bullion, RBI will take it from here; overseas gold reserves at 6-yr low (24-06-2024)
The Reserve Bank of India's gold reserves parked overseas have dropped to a six-year low, with 47% of total at the end of March. The RBI started bringing gold to India in March 2022, coinciding with the Russia-Ukraine war. This follows a global trend of central banks becoming cautious after the US government froze Russian foreign currency assets.
Hinduja rejigs fundraise plan for Reliance Capital deal (23-06-2024)
Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator.
NCLT approves Raymond group entities’ strategic demerger, amalgamation (23-06-2024)
The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring, involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm. The approval paves the way for a focused and streamlined corporate structure, separating Raymond Ltd and Raymond Lifestyle, with the integration of Ray Global Consumer Trading. Shareholders will receive equity shares based on the swap ratio post-restructuring.