Posts in category Economic Times
BoI Q4 results: Net up 7% on strong retail, farm loans (11-05-2024)
Net profit increased to ₹1,439 crore in the quarter ended March 2024 from ₹1,350 ₹crore a year earlier despite a 15% fall in operating profit.
Union Bank Net Rises 19% on Big IT Refund, Interest Income (11-05-2024)
The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the comparable period, which helped to push up profits for the fourth quarter.
Mind Over Money: 50,000 steps per week, yoga and meditation keep this CEO mentally & physically fit (11-05-2024)
Abhijit Bhave, MD & CEO of Equirus Wealth, exemplifies the fusion of leadership and holistic health practices, emphasizing the importance of a comprehensive approach in achieving professional success and personal well-being.
Learn With ETMarkets: Elliott Wave Theory – forecasting market trends using wave patterns (11-05-2024)
The Elliott Wave theory is focused on identifying a trend in financial market values and is based on the assumption that market patterns that have prevailed in the past might extrapolate in the future. This theory was developed by Ralph Nelson Elliott in 1930. The theory still finds relevance among traders/investors and financial institutions.
Election concerns weigh as only 11 smallcaps post double-digit weekly returns (11-05-2024)
Both the BSE Midcap and Smallcap indices lost over 4% each. In the smallcap pack, 11 stocks rose, with CarTrade Tech leading with 24% returns.
Most brokerages positive on SBI, many raise targets (11-05-2024)
Analysts said the state-owned lender's results, which beat estimates, were driven by better net interest margins (NIM) and other income, but deposit growth was lagging. However, the management guided for loan growth of 13-15%, prompting analysts to raise estimates.
Hindustan Zinc surges 19% to a record; experts against fresh entry now (11-05-2024)
Hindustan Zinc's rally to ₹540.95 was driven by silver prices and optimism, despite concerns like rising debt and limited free float. Analysts caution on valuations, advising buying on dips around ₹430 for short-term support.
Wall St Week Ahead-Earnings bolster US stocks but crucial inflation report looms (11-05-2024)
Still, some investors worry the rally could stall without evidence that inflation is cooling again. While Fed Chairman Jerome Powell has reassured markets the central bank is unlikely to raise rates anytime soon, months of strong inflation have led to concerns that policymakers will not cut them this year.
Billionaire quant investing pioneer and philanthropist James Simons dies at 86 (11-05-2024)
Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."
Fed officials mull whether rates high enough as inflation expectations jump (11-05-2024)
In an interview with Reuters, Atlanta Fed President Raphael Bostic said he still thought inflation was likely to slow under the current monetary policy and allow the central bank to begin reducing its policy rate in 2024 - though perhaps by only a quarter of a percentage point and not until the final months of the year.