Posts in category Economic Times
Nasdaq, S&P 500 rise with Apple; investors await inflation report, Fed decision (12-06-2024)
The S&P 500 and Nasdaq, buoyed by Apple's surge, await the Fed's update. Positive market sentiment follows a strong U.S. jobs report. General Motors' shares rise on the announcement of a $6 billion buyback plan.
Tesla shareholder sues Musk to return billions in alleged unlawful profits (12-06-2024)
Lawsuit accuses Elon Musk of making billions by selling Tesla stock using insider information.
Premiumisation & long haul two best bets for IndiGo: Jinesh Joshi (12-06-2024)
What I feel is that if you look at the domestic markets, Indigo's market share is anywhere at about 60% odd and they would have had to innovate to kind of expand a bit more. So, premiumisation and long haul I think these are the two best bets for them. So, I think they are on the right path.
FMCG and consumer durables poised for growth : Trideep Bhattacharya (12-06-2024)
I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same.
Investors can look to bet on rural consumption and housing theme: Sunil Subramaniam (12-06-2024)
We may think that even NREGA subsidies could go up a little bit. So, I think the budget will give a clearer direction. But we do know that given the fact that the election results were not to the kind of expectations of the government itself, they will be trying to fix those problems. And from what we can see that two or three big states in north, UP, Haryana, then the Maharashtra, where the results were not to their liking, you would see that that is a farming belt, the UP is a sugarcane belt, Maharashtra is a sugarcane belt, so definitely you will see action around minimum support prices, you will see action around NREGA flows in there.
Will market get into consolidation mode ahead of Budget? Mahantesh Sabarad answers (12-06-2024)
I think EPC companies can potentially do well because it is all about the order book that they will start getting in. With the new government formation in, you will see infrastructure activity particularly road building kind of activities start picking up. Alongside, you also have a host of metro projects coming up for completion which requires that last bit of push when it comes to construction activities.
Power sector may report solid growth in next 4-5 years: Manish Sonthalia (12-06-2024)
All in all, as long as the growth continues I do not think there is any reason to get worried about Zomato just yet. I mean, of course, competition is something which we need to watch out for and it is a very strong competitor who has announced intentions to get into the quick commerce and the food delivery space but it is a high entry barrier business I would believe, not so easy to get in and take market share.
Gold rush grips Asia despite near-record prices (12-06-2024)
Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.
Dollar calm ahead of inflation test, Fed decision (12-06-2024)
The dollar steadied after reaching a four-week high against peer currencies as markets awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections. China's economy showed signs of improvement with steady consumer inflation and narrowing producer price declines.
Oil prices edge up on optimistic demand outlook (12-06-2024)
Oil prices rose on positive demand outlooks from EIA and OPEC, with Brent crude up 0.1% to $82.04 and WTI crude up 0.2% to $78.10.