Reseñas

Until now, only public sector mutual funds – SBI, UTI, LIC and Union, among others — were qualified to handle surplus funds of state-owned companies. Now, at least 35 private mutual funds stand to benefit.

“We expect the merger’s completion by Q1FY24 and a few stocks currently on our radar are Pidilite (PIDI), LTIMindtree (LTIM), Ambuja Cement (ACEM) and Tata Power (TPWR),” said Abhilash Pagaria, head, Nuvama Alternative & Quant.

“Valuation wise what Maruti has been trading on last 10-15 years average it is already trading above that, so that valuation comfort, which was there earlier in automotive stocks especially Maruti is not there, so I would actually prefer Mahindra & Mahindra in this slot where valuation wise it is Continue Reading

As per the report, high inflation and weak demand (both domestic as well as external) are expected to pull down the economic growth to 4-4.5 per cent in H2FY23 from 9.7 per cent in the first half of the fiscal.

Chart readers say 18700 would be the key level to watch out for as an upside above the same could lead to a fresh uptrend rally till 18800-18850. Resistance is seen at 18600-18500 zone.

The dollar index, which measures the strength of the greenback against a basket of six major currencies, hung on to most of the previous session’s gains to be the last at 105.30

Nifty MNC Index comprises of 30 listed companies in which the foreign promoter shareholding is over 50% (latest holding as of September 2022). These companies usually have low debt exposures. ET Markets analysed the stocks that have gained over 25% in 2022 so far.

“With customers gradually shifting to organised players and given continued struggles faced by its unorganised and organised peers, Titan has a strong runway for growth,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Rate-sensitive stocks were in focus as the RBI is expected to hike repo rate by 35 basis points on Wednesday

Low cane yield in major states like Maharashtra and Karnataka is one of the major reasons for the drop in sugar output. Reuters has reported that on an average, farmers reported a 15-35% drop in cane yield.