Posts in category Economic Times
F&O Ban List: Chambal Fertilizers, GNFC among 10 stocks under trade ban on Thursday (11-07-2024)
Ten stocks, including ABFRL, Balrampur Chini, and RBL Bank faced Thursday F&O trade ban, crossing 95% MWPL. ABFRL's MWPL 84.4% fell 4.5% with 38.8M OI; India Cements at 98.6%. Sensex closed at 79,924.77, down 426.87 points. Market-wide limits reversal at 80% OI. HDFC Bank shares also impacted.
Options market activity needs supervision but no intervention: Shrikant Chouhan (11-07-2024)
Yes, definitely, we need to increase, we can say, either a lot size or we can increase the net worth of a particular trader, I think that criteria will help the market to reduce this type of speculation.
Should you worry about discounts on SUVs by auto companies? Siddhartha Khemka explains (11-07-2024)
Siddhartha Khemka from MOFSL highlights concerns over M&M's SUV price cut amid strong demand, causing profit booking before the festive season. Asian Paints faces competition and slow volume growth, affecting net profits despite potential price hikes. M&M's celebratory offer has no inventory buildup, amid good monsoon, rural recovery, and attention spike after a harsh summer.
Here’s why Abneesh Roy is bullish on Asian Paints and Berger (11-07-2024)
Plus, the base margins for Asian Paints are very high and that is why they have taken around 3-4% price cut in the earlier quarters and now they have reversed this with around 0.7% to 1% kind of a hike in most parts of the portfolio
Largecaps offering reasonable value and potential earning surprises over next 6 to 12 months: Krishna Sanghavi (11-07-2024)
Consumption sectors like FMCG and discretionary items are also important because as India prospers, the nominal economy grows, per capita income increases, and consumption rises. The journey will have ups and downs due to valuation fluctuations across multiple sectors.
Gold holds ground as traders brace for US inflation data (11-07-2024)
Gold prices rose for the third session with investors awaiting U.S. inflation data for potential Fed rate cuts. Spot gold at $2,375.70. CPI, PPI may support rate cuts. Edward Meir sees possible further rise. FedWatch tool predicts rate cuts, discussed by Powell and House. Silver up 0.4%, platinum at $991.80, palladium at $992.30. Gold shines with low inflation.
IIHL plans to borrow Rs 4,300 crore via NCDs for Reliance Cap buy (11-07-2024)
IIHL seeks ₹ 4,300 crore NCD issue for Reliance Capital acquisition. Managed by RBI's Nageswara Rao Y under IBC, with NCLT approving ₹ 9,650 crore plan. Funds from domestic and global markets. Debentures secured by insurance share sales, Care Ratings assess. Escrow for repayments. Reliance General, Nippon Life stakes to Aasia Enterprise LLP. IIHL must retain 51% shareholding.
S&P 500 tops 5,600 as Wall Street’s record-breaking rally keeps rolling (11-07-2024)
Nasdaq and S&P 500 hit records, driven by Nvidia, Apple gains. Powell's rate cut remarks, Taiwan Semiconductor's AI narrative influenced markets. Micron, AMD surged. Investors await U.S. inflation data. S&P sectors rose, tech leading. Intuit dropped; Illumina gained. Dow Jones rose. Second-quarter earnings, light trading volume noted. Comprehensive key points summarized.
Oil prices tick up as crude, gasoline inventories ease (11-07-2024)
Oil prices rose as U.S. crude and gasoline stocks fell, with Brent at $85.43 and WTI at $82.47. Influences include U.S. inflation data, Federal Reserve actions, Powell's comments, CPI and PPI reports, OPEC's forecast, Hurricane Beryl impact, economic growth, air travel, rate cut speculation, and interest rates affecting borrowing costs.