Gold and silver prices witnessed some profit booking in the last 3 sessions with the former dipping by Rs 700 per 10 grams while the latter is down by Rs 500/kg.
Posts in category Economic Times
Stocks to buy today: GAIL, IOC among top 6 trading ideas for October 1, 2024 (01-10-2024)
The Indian market may consolidate on Tuesday amid mixed global cues. Nifty futures closed down 1.35% at 25,990. Options data shows a broad range between 25,400 to 26,300, with key levels at 25,850. Analysts expect weakness if Nifty stays below 25,850, with resistance at 25,950 and 26,150.
Rupee falls 2 paise to 83.81 against US dollar in early trade (01-10-2024)
Rupee falls to 83.81 against the US dollar due to significant foreign fund outflows amid volatile global markets. Despite a stronger dollar, retreating crude oil prices and a recovery in domestic equities limited the decline. Chinese fiscal stimulus draws foreign investment away from India.
What to do with Policybazaar, Vedanta, IEX and 3 other stocks? Religare Broking’s Ravi Singh decodes (01-10-2024)
In October, focus on metals, infrastructure, and financial sectors. Hold Ceat, Vedanta, NALCO, Policybazaar, and IEX. Exit Easy Trip.
Hot Stocks: Brokerage views on PB Fintech, Kaynes and Aadhar Housing (01-10-2024)
Jefferies has reiterated its buy rating on PB Fintech, setting a target price of Rs 1,800. The company’s management plans a one-time investment of up to $100 million for a 20-35% stake in a new healthcare venture, addressing concerns about maintaining its asset-light strategy. PB Fintech remains a top pick for India’s growing insurance market, with its core business continuing to experience strong growth.
IT, bank stocks power Sensex 300 points higher, Nifty near 25,900 (01-10-2024)
Sensex and Nifty opened higher on Tuesday with gains led by Reliance Industries, IT, and banking stocks after profit-booking in the previous session. Key contributors included HDFC Bank, Infosys, and Axis Bank. Auto stocks advanced ahead of monthly sales data announcements.
Stock Watch: NTPC shares in focus after subsidiary signs MoU with Rajasthan govt for 25-GW renewable energy projects (01-10-2024)
Shares of NTPC are in focus after its subsidiary, NTPC Green Energy, signed an MoU with the Rajasthan government for a 25-gigawatt renewable energy project. The agreement was formalized during the Rising Rajasthan Investor Meet in New Delhi. This project marks a significant step in the development of renewable energy in Rajasthan.
UltraTech Cement, Bajaj Finance among 10 stocks that earned downgrades in last 1 month (01-10-2024)
According to Trendlyne data, 10 stocks, including IndusInd Bank, Bajaj Finance, Dalmia Bharat, Shree Cements, ACC, and UltraTech Cement have faced up to eight analysts’ target price downgrades
ETMarkets Smart Talk | Financials offer comfort, while discretionary consumption a multi-decade story: Nitin Raheja (01-10-2024)
However, we do believe in the short-term current valuations mean that investors have to set realistic return expectations or increase their time horizon for returns.
Weekly Market Outlook: Key levels & top sectors to watch ahead of Q2 earnings (01-10-2024)
In India, the positive sentiment is also driven by expectations of an early rate cut, given favorable monsoon conditions and cooling inflation. Some MPC members have even hinted at the need for growth-focused policies. Foreign Institutional Investors (FIIs) are now back, driven by FOMO (Fear of Missing Out) on India’s growth story. Where FIIs once saw Indian valuations as stretched, they now fear missing out on gains and paying more to re-enter.