Posts in category Economic Times
Sensex soars 2,303 points, Nifty tops 22,600 as key allies back BJP to form government (05-06-2024)
Nifty FMCG jumped 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%. Investors today pocketed Rs 13 lakh crore as the market capitalisation of all listed companies on the BSE surged to Rs 407.8 lakh crore.
Surprised by today’s market rebound; expect near term caution in capex-led themes: Chris Wood (05-06-2024)
I think it is a bit premature to assume that because you have still got the horse trading. I mean, clearly the base case is that the current government remains in power with coalition partners and that is not a disaster. But the reality is the great virtue of the last 10 years has been clear government, consistent policies, and not having to worry about horse trading between parties, which is always a feature of coalition governments.
Bears Stranglehold: Will markets fall 10% and should you worry? (05-06-2024)
Markets rebounded on Wednesday after a steep decline, but experts warn of a possible 10% correction. With PM Narendra Modi set to take oath on June 8, market assurance remains a key factor.
Nifty Bank index roars back to record biggest daily gain in 3 years (05-06-2024)
Banking stocks stage a significant rebound, recording the largest gains in over three years, led by HDFC Bank, Bandhan Bank, and IndusInd Bank. Market confidence rises amid support for the BJP from allies and short covering.
India VIX cools off 30% to sub-20 levels as market gets back lost ground (05-06-2024)
India VIX fell below 20 on Wednesday amidst election outcome favoring NDA with a comfortable majority. Modi 2.0 government held its last cabinet meeting amid positive market sentiments.
SBI, GAIL, HAL among 43 stock ideas as BJP’s bear case scenario plays out (05-06-2024)
PhillipCapital predicts positive trends with BJP's potential return to power. Top stock picks recommended by the brokerage include ICICI Bank, SBI, Infosys and others.
Stock market may have bottomed out, start hunting for bargains: Mark Mobius (05-06-2024)
Following the Lok Sabha election's depressive impact on markets, Mark Mobius suggests India remains a promising investment hub. He advises seizing opportunities amid the downturn, particularly in construction sectors, emphasizing the nation's infrastructure needs. Mobius remains cautious about policy shifts under a fractured mandate but sees resilience in IT and tech stocks. Contrary to brokerage warnings, he believes in India's long-term growth potential, confident in its appeal to foreign investors despite political uncertainties.
Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback: Report (05-06-2024)
SoftBank Group's shares surged to a three-year high after activist investor Elliott Management proposed a $15 billion buyback. CEO Masayoshi Son's confidence in the strategy was highlighted. The financial boost was attributed to the success of British chip-designer Arm Holdings.
M&M, Marico among 5 largecap stocks that hit new 52-week highs on Wednesday (05-06-2024)
Indian headline indices surged in volatile trading on Wednesday as investors digested a narrow win for Prime Minister Narendra Modi's alliance and awaited more updates on the new government's formation.
Ray Dalio flags US-China ‘Economic Warfare’ among top global risks (05-06-2024)
Looking back in history, “economic warfare precedes military warfare,” he said. While most likely there will be no imminent form of military conflict, on the issue of Taiwan, the one-China policy “will not go on forever.”