Posts in category Economic Times
Ahead of Market: 10 things that will decide D-St action on Monday (02-06-2024)
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak as it ended 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone.
15 stock ideas from Motilal Oswal after mega BJP win prediction by exit polls (02-06-2024)
"Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, solid corporate earnings (Nifty ended FY24 with 25% earnings growth and FY25/26 earnings are likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations at 20x one-year forward earnings," Motilal Oswal said.
Market Trading Guide: Adani Enterprises, Ircon International among 5 stock recommendations for Monday (02-06-2024)
Adani Enterprises price after giving a breakout of a falling channel on the upside gave a retracement towards a breakout level
F&O Talk | Nifty facing minor speed bumps amid election jitters; may see consolidation post results: Rahul Ghose of Hedged.in (02-06-2024)
"The rollover data and the price action on the index suggest that Bank Nifty will not be a laggard anymore. The line in the sand to cross is 50,500. Once this level is taken out, you can expect a decent rally on this index."
Learn with ETMarkets: What do global economic trends, and their implications mean to gold, currency markets? (02-06-2024)
The Indian rupee tends to weaken during such times due to increased risk aversion and capital outflows. A weaker rupee makes gold and silver more expensive in the domestic market, potentially leading to profit booking and increased liquidity among investors.
FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities (02-06-2024)
"A favorable outcome for BJP is likely to take the index on a wild ride towards 23,500. However, at this juncture, 24,000 appears slightly unlikely, at least in the 4-5 trading sessions."
Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue (02-06-2024)
Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.
Mcap of 8 of 10 most valued firms erodes by Rs 2.08 lakh cr; Reliance, TCS biggest laggards (02-06-2024)
The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers.
Exit Polls: Stay put in equities as stage looks set for Mission India 2047 (02-06-2024)
Global brokerage firm Bernstein has predicted that if BJP alone wins over 290 seats, a heavy focus on manufacturing will continue with money being diverted from subsidies towards more incentives for manufacturing firms.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption (02-06-2024)
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.