The BJP’s significant win in the Maharashtra assembly elections is predicted to cause a surge in the stock market, reflecting renewed investor confidence in the government’s economic policies. Experts believe this decisive victory will lead to stability and growth, particularly in sectors like infrastructure and manufacturing.
Posts in category Economic Times
Goldman Sachs sees buying opportunity in oversold stocks. Trent, Shriram Finance are among 10 top buys (23-11-2024)
InterGlobe Aviation has experienced a 22% drop from its 3-month high, currently priced at Rs 3,890.
FPIs net sell domestic equities worth Rs 26,533 crore in November so far (23-11-2024)
In October, FPIs sold shares worth Rs 94,017 crore after a September purchase, where FPIs bought domestic equities worth Rs 57,724 crore. While in August, they had purchased shares worth Rs 7,322 crore which was down month-on-month from July when the total buying figures stood at Rs 32,359 crore.
Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action (23-11-2024)
The small-cap segment saw Rs 812 crore worth of block deals this week. Ramco Industries led the small-cap deals with Rs 327 crore, followed by Five-Star Business Finance at Rs 97 crore and Genesys International at Rs 86 crore.
Zomato shareholders approve Rs 8,500 crore QIP plan (23-11-2024)
Zomato shareholders have overwhelmingly approved a plan to raise ₹8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant’s finances amid fierce competition in the rapidly expanding quick-commerce sector.
Geo-political tension remains a strong tailwind for gold. Buy yellow metal on dips (23-11-2024)
Spot gold prices surged this week, recovering from recent losses, as escalating tensions between Russia and Ukraine fueled safe-haven demand. Despite mixed economic data, geopolitical concerns, including Russia’s test of a new ICBM, pushed gold to a record high in euros. Analysts remain bullish, suggesting dips in the market present buying opportunities amid ongoing global uncertainty.
F&O Talk| Markets lack follow-through, cautious optimism amid uncertain momentum: Sahaj Agrawal of Kotak Securities (23-11-2024)
Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
PFC among 43 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own? (23-11-2024)
Several companies, including PFC, Happiest Minds, and NALCO, are set to reach their record dates for dividends, bonus issues, and stock splits this week. Investors need to be aware of these dates to be eligible for corporate actions. The article lists the ex-dates for various companies and their respective actions.
Concurrent Gainers: 10 midcap stocks that gain for 5 days in a row (23-11-2024)
ETMarkets identified 10 stocks from the BSE midcap index that experienced consistent price increases during this period
Market has bottomed out for 2024, expect gradual recovery ahead: Sandip Sabharwal (23-11-2024)
Sandip Sabharwal believes that the positive outcome of the Maharashtra election, with the ruling party securing a larger mandate, could boost market confidence. This result suggests public approval of economic policies and potential for continued growth. Coupled with the market’s recent dip, Sabharwal suggests this could signal a bottom for 2024, paving the way for incremental market improvement.