S&P 500’s next leg up hinges on battered stocks getting revenge (22-07-2024)
Excluding Big Tech, stocks rally on rate cut hopes. The equal-weighted S&P 500 recently outpaced. Optimism grows as Nasdaq 100 declines. Todd Sohn sees neglected stocks surging as Nvidia to Microsoft pauses. Investors note rising trends despite Wall Street's top-heavy S&P concerns, recording gains earlier this year, despite the worst weeks since April amid faith in Fed easing.
FPIs go big on capital goods, consumer discretionary firms (22-07-2024)
Foreign investors are increasingly favoring India's discretionary consumption and capital expenditure sectors, with a significant rise in equity allocations. Sectors like capital goods, auto, and telecom are attracting substantial investments, offsetting outflows from other sectors like financial services and FMCG.
RBI steps up measures to drain out excess liquidity (22-07-2024)
RBI takes measures to manage liquidity as foreign inflows increase post JP Morgan index inclusion. Actions include selling government bonds and conducting sell-buy swaps in the forwards market. These steps aim to control rupee appreciation and excess liquidity in the banking system.
Unease spreads through D-Street over ‘regulatory risks’ (22-07-2024)
Investors on Dalal Street are concerned about regulatory risks as authorities discuss curbing speculative trading. With the budget approaching, there is debate over potential tax changes on equities. Market shows mild signs of worry, but experts suggest a relief rally if current tax structure remains unchanged.
Tech View: Nifty may consolidate in 24,200-24,800 range (22-07-2024)
Stock market analysts foresee potential volatility before the Union Budget, with Nifty expected to consolidate or face a deep correction. Traders advised to be cautious and maintain strict stop-loss strategies. Investors suggested to watch market movements closely and consider booking profits in specific stocks.
Market outlook July 22: Nifty may open gap-down; Asian shares fall up to 2% (22-07-2024)
All you need to know before the market opens on Monday: Indian stocks to react to RIL, HDFC Bank and other Q1 results. Technical analysts see Friday's fall as a warning sign on charts; find out why.
Early Birds Report Muted Profit Growth for April-June (22-07-2024)
The first-quarter results season shows double-digit revenue growth, but profit growth slows down. Banks and finance companies lead the way with strong performances. Stay updated as more companies announce their results in the coming weeks.