Adani Group stocks fell by up to 2% in early trading on Friday following a new report from Hindenburg Research. The U.S. short-seller alleged that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into money laundering and securities forgery Continue Reading
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Zomato shares soar 126% this year: Still time to catch the bull run?
Zomato Share Price: Zomato shares have surged by 126% this year, driven by strong growth in food delivery and quick commerce. Analysts remain optimistic about the company’s future, citing improved margins and strategic acquisitions. Major brokerage firms like UBS, Jefferies, and JP Morgan have given positive ratings, further boosting investor Continue Reading
Sanofi Consumer Healthcare lists on stock exchanges after demerger, shares hit 5% upper circuit on day 1
Shares of Sanofi Consumer Healthcare India made their market debut on Friday, listing on both the NSE and BSE. On its first day of trading, the stock hit a 5% upper circuit limit, reaching Rs 4,702.9. Sanofi Consumer Healthcare India is the demerged consumer healthcare division of Sanofi India. The Continue Reading
Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal
Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was Continue Reading
Demand reversal possible but no sign of Europe or US heading toward recession: Geoffrey Dennis
Geoffrey Dennis, an independent EM commentator, discusses the European Central Bank’s recent interest rate cut and its impact on economic growth. Despite sluggish growth in Europe and a slowdown in the US, Dennis does not foresee a recession. The ECB’s minor forecast adjustments for 2024 and 2025 reflect cautious optimism.
How Fed’s easing plans could shape global markets? Anurag Singh answers
So, US central bank has the best position to start the rate cut cycle vis-a-vis other economies, especially European Union, so that limits the extent to which dollar can fall. But, all said and done, we have interacted when dollar was what, 107, 108, even those days, imagine, now it Continue Reading
Avoid Nifty Metals and Realty amid market volatility: Jai Bala
But I think that until that point you want to retain your patience. But from this point onwards sectorally you might want to know which sector you want to avoid. From that point, I would say definitely Nifty Realty is an avoid.
Cherry-pick stocks with favorable risk-reward: Pawan Parakh
There are several stocks which are not really in your comfort zone and hence we need to pick up stocks on a bottom-up basis and need to cherry-pick ideas wherein the risk-reward is favourable. Otherwise, it is a tough market as far as stock selection is concerned.
D-Street sees new highs as Beijing homes in on mortgage rate cut
India’s key stock indices surged nearly 2% to all-time highs on Thursday, driven by China’s decision to cut interest rates on mortgages. The Sensex briefly crossed 83,000, led by gains in Bharti Airtel, NTPC, Mahindra & Mahindra and JSW Steel. The NSE Nifty also saw significant gains, closing at a Continue Reading
New thematic schemes keep net equity fund inflows firm in August
The buy-to-sell ratio of equity funds in India hit an 18-month high of 2.1 in August, driven by new fund offers from sector funds. Sector/thematic NFOs reported significant net inflows, contributing to a total equity fund inflow of ₹1,15,960 crore. Sector funds now hold the highest assets under management among Continue Reading