Bernstein predicts a further decline in the Indian stock market due to a potential economic slowdown, with earnings misses becoming a trend across sectors. The firm forecasts the Nifty 50 index to drop to 23,500 by year-end, citing slowing growth and weak demand as key factors.
Posts in category Economic Times
Adani Power shares 1.06% as Sensex (05-11-2024)
A total of 19,528 shares changed hands on the counter till 10:20AM (IST)
Stock market update: Stocks that hit 52-week highs on NSE (05-11-2024)
Shree Rama Multi, Tilaknagar Ind, Steel City Securities, Precision Camshaft and P&G Health, hit their fresh 52-week highs at 10:18AM.
ACC shares 0.69% as Sensex falls (05-11-2024)
A total of 917 shares changed hands on the counter till 10:14AM (IST)
Stock market update: Fertilisers stocks up as market falls (05-11-2024)
The 30-share BSE Sensex was down 65.07 points at 78717.17
Until FII outflows stop, Indian market unlikely to form a bottom: Ajay Bagga (05-11-2024)
Market expert Ajay Bagga analyzes the recent market downturn, attributing it to global outflows and uncertainty surrounding the US elections. He suggests that while the Indian markets have factored in corporate earnings weakness, a bottom formation hinges on a halt to FII outflows. Also, in case of a Trump victory, there could be a new incumbent in the Fed chairperson’s office very soon.
Buy Container Corporation, target price Rs 1,050: Motilal Oswal Financial Services (05-11-2024)
Motilal Oswal Financial Services recommends buying Container Corporation of India stock, targeting a price of Rs 1050. The current stock price is Rs 847.45. The logistics company’s performance improved in 2QFY25 due to margin expansions and cost control. Promoters hold a 54.8% stake, while FIIs own 13.65%, and DIIs 25.66%.
Stock market update: FMCG stocks up as market falls (05-11-2024)
The 30-share BSE Sensex was down 101.66 points at 78680.58
Swiggy IPO: GMP at 5% in unlisted market, indicates muted listing gains (05-11-2024)
The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 410 for one share of the company.
Bharat Forge 1.35% as Sensex (05-11-2024)
The stock traded at a P/E multiple of 72.00, while the price-to-book value ratio stood at 7.33.