Posts in category Economic Times
Big movers on D-Street: What investors should do with TCS, Torrent Power and Mphasis (19-09-2024)
After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.
Stocks in news: NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, Power Grid (19-09-2024)
Domestic markets experienced another session of volatility, closing flat in accordance with global trends as the US Fed meeting approaches. In today’s trading, shares of NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, and Power Grid, among others, will attract attention due to various news developments.
Extreme Bull Market: No fear in the market but there’s greed in all sectors except financials, says S Naren (19-09-2024)
S Naren of ICICI Prudential AMC discusses the current bull market, which began in March 2023 due to attractive equity taxation. He highlights the role of liquidity and the potential for continued market growth if supply does not catch up with demand. Naren also advises caution in deploying new money.
Fed’s Powell: No sign of elevated likelihood of economic downturn (19-09-2024)
“I don’t see anything in the economy right now that suggests that the likelihood of a recession — sorry, of a downturn — is elevated,” Powell said in a news conference.