Posts in category Economic Times
Big movers on D-Street: What should investors do with Raymond, RBL Bank and AstraZeneca India? (08-07-2024)
NSE Nifty hit a record for the third session, Sensex fell below 80,000. Stocks: Raymond (+10%), RBL Bank (-1.28%), AstraZeneca India (-3.77%). Pravesh Gour of Swastika Investmart noted Raymond's bullish flag formation with MACD and RSI support. Demand zones and support levels for RBL Bank and AstraZeneca India were also provided.
Should investors bet on large-cap pharma stocks? Alok Agarwal answers (08-07-2024)
So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.
Here’s why Abhay Agarwal is bullish on the manufacturing sector (08-07-2024)
We are very bullish on manufacturing as a theme. I think it’s a decade-long story from here. It will continue to play out. Different segments within manufacturing will obviously be favored at different times. Defence and PSU manufacturing are currently very popular in the market, which is why some of these stocks are already pricing in future returns. I am not sure how much return potential is left for investors entering now.
Premium valuation of defence companies should sustain 3-5 years down the line: Binod Modi (08-07-2024)
In the marine as well as the aviation defence space, several varied companies are getting into BSF categories. So, these are the opportunities that look to be quite huge. Binod Modi, Sharekhan BNP Paribas, says that he believes companies like HAL as well as BEL should continue to do well,
Foreign banks’ dealing rooms buzz with Gsec trades as PSBs mind their gap (08-07-2024)
Public sector banks are reducing their bond holdings while foreign lenders are increasing theirs, impacting the trading landscape. Factors like excess SLR holdings and a tightening monetary policy have contributed to this shift. The market value of investments is assessed at ₹22.4 lakh crore.
Sebi likely to act against ‘silent’ PMS firms (08-07-2024)
Regulator Sebi expresses concern over unresponsive PMS firms in the market. Compliance issues and potential misuse of licenses highlighted. APMI maintains communication with compliant members. Sebi closely monitoring the PMS sector with a dedicated team. Further developments expected in this industry.
Insurers likely to report robust growth amid market tailwinds (08-07-2024)
APE growth in private insurers, driven by buoyant equity markets, faces VNB margin pressure from ULIPs and group pricing. Q1FY24 growth slowed due to high-value policy sales before tax changes. LIC shows 15% APE growth. HDFC Life (17-18% APE), ICICI Prudential Life (40% APE), SBI Life (18% APE), and Max Life Insurance (19% APE) report strong growth.
MFs’ share in total institutional equity hits a record (08-07-2024)
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Gold lingers near one-month high on Fed rate-cut bets (08-07-2024)
Gold prices eased slightly after reaching a one-month high due to expectations of a Fed rate cut in September. Unemployment rate increase supports rate cut speculation. China's central bank refrains from gold purchases. Indian dealers offer discounts. Perth Mint reports decline in gold and silver sales.