HSBC maintains a ‘Buy’ rating on ITC, raising the target price to Rs 580, citing its defensive appeal and strong earnings growth potential in the FMCG sector.
US stock markets witness choppy moves (03-10-2024)
The US stock markets witnessed choppy moves on Wednesday as a rather erratic start to the December quarter continued. The Dow added 39.55 points or 0.1 percent to 42,196.52, the Nasdaq rose 14.76 points or 0.1 percent to 17,925.12 and the S&P 500 edged up 0.79 points or less than a tenth of a percent to 5,709.54. Markets remained broadly worried about escalating tensions in the Middle East following Iran’s ballistic missile attack against Israel. A global shift in risk appetite boosted US dollar amid these cues while economic cues showed mixed picture.
Dollar Index climbs to three and half week high amid Middle East tensions; Regains well above 101 mark (03-10-2024)
The US dollar index catapulted to a three and half week high on Thursday as safe haven appeal for the currency gained appetite amid escalating Middle East tensions. Besides, waning optimism the Federal Reserve will continue to aggressively lower interest rates after payroll processor ADP released a report showing stronger than expected private sector job growth in the month of September supported the greenback. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Investors now look ahead to the latest weekly jobless claims on Thursday and the September jobs report on Friday to gain more clarity on the rates path. The dollar index that measures the greenback against a basket of currencies is quoting at 101.63, up 0.20% on the day. US treasury yields also ticked higher at 3.79%. Among basket currencies, EURUSD is down 0.11% at $1.1060 whereas GBPUSD is down 0.60% at $1.3181.
Asset quality key monitorable going ahead for Chola (03-10-2024)
Cholamandalam Investment and Finance’s (Chola) share has yielded one of the best returns in the last month. The company has sustained assets under management (AUM) growth at 7 per cent quarter-on-quarter (Q-o-Q), and 35 per cent year-on-year (Y-o-Y) in Q1FY25. Scaling up of new businesses now contributes to 13 per cent of loans (vs 10 per cent in Q1FY24).
My Portfolio (Updates and Suggestions) (03-10-2024)
Just to clarify: In the introduction post I mentioned my Gold exposure to be 3.26%, which was not entirely correct, I missed to calculate the Gold-ETF.
The mentioned 3.26% is only the SGB part.
Total Gold exposure is 3.26% + 8.72% of 11.1% = 4.23%.
My aim is to make total Gold exposure to 8-10% of the entire portfolio.
Any suggestions regarding that?
Time technoplast (03-10-2024)
Based on the data presented, promoters have retained their stake, while FIIs and DIIs have increased theirs. Could you clarify why you are considering exiting based on this?
Arvind Kejriwal to relocate at AAP RS MP Ashok Mittal’s residence after vacating CM house (03-10-2024)
Arvind Kejriwal, after resigning as Delhi Chief Minister, plans to shift to a bungalow at 5, Ferozshah Road, offered by AAP MP Ashok Mittal. Atishi succeeds him as Delhi CM and expresses confidence in Kejriwal’s return. Kejriwal awaits a new mandate from the 2025 elections.
Kitex Garments Limited (03-10-2024)
This is something that Kitex is hoping will happen quickly.
Sensex slumps 1,230 pts; VIX soars 9.57% (03-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex tumbled 1,230.68 points or 1.46% to 83,045.56. The Nifty 50 index dropped 372.85 points or 1.45% to 25,424.05