“My first stock pick is RHI Magnesita India. If you look at the chart on the weekly front, after the recent downward correction during the last month, this stock has made a bottom reversal around Rs 600 levels this week and moved up significantly,” says Nagaraj Shetti, HDFC Securities
Reseñas
Double whammy of heatwave and El Nino to hit agriculture sector
However, an abnormal increase in temperatures will impact crops, fruits, vegetables, and animals in states especially in the northern region, as reported in 2022. The Union Health Ministry has issued a warning of heat waves in March to May
3 sectors Ajay Bagga is bullish on for next week
The situation is quite grim globally. The US Federal Reserve is expected to hike rates at least 3 more times, in March, May and June. Also, there can be another rate hike in July. The imminent risk for the market currently is March 22 when the Fed will release its Continue Reading
Adani Ports among 9 stocks in ICICI Direct March picks that can rally up to 47%
For more such web stories click on the ET
Dish TV shareholders reject appointment of 4 candidates as independent directors
The board now has only Shankar Aggarwal and Rashmi Aggarwal as independent directors against a minimum requirement of 6 on the board prescribed under the Sebi rules.
Michael Molinski’s rules for global investing which can help investors amass solid returns
Eminent financial expert, Michael Molinski says investors should look for long-term trends that are shaping the economies and markets as these can make a difference to their investment portfolio.
Extended market trading hours: Real need of the hour?
On one hand, extended trading hours will provide better accessibility to global markets and level the playing field for domestic traders against international traders as a result will increase the scope for more Indian traders to trade more with better opportunities to hedge the risk arising due to the global Continue Reading
Why Indian stocks are under performing in 2023
Most Global Central Banks in their latest meeting have slowed down the pace of their rate hike, a maximum of 25 bps increase has been witnessed except for a few European countries. India & USA both slowed its repo rate hike to 25 bps from 50 bps in the previous Continue Reading
Pullback possible, but short-term trend negative as long as Nifty trades below 17650: Rupak De
The index has witnessed a pullback rally and is likely to head higher toward the level of 42000 where stiff resistance is visible. The index in the coming week is likely to trade in the range of 40,000-42,000 and within the range, the undertone remains bullish with a buy-on-dip approach.
Fed says more rate hikes are needed to curb inflation
The report also listed a variety of monetary policy guidelines, such as one developed by Stanford University’s John Taylor, as showing that rate increases have lagged popular benchmarks for policy. Some Republicans in Congress have cited the rules in questioning the chair.