In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous 5-year high value at the close on December 6, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

Six stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving Continue Reading

Stocks that were in focus include names like Bank of India which was up nearly 5%, Union Bank of India which gained over 6%, and RCF which was up over 3% on Tuesday.

It is extremely difficult to call the market at any point of time. About 80% or more global managers do not beat the benchmarks for this reason. And many of those who do, are at times lucky but are not able to do that on a sustainable basis.

S&P BSE Sensex fell more than 200 points while Nifty50 closed below 18,700 levels on Tuesday.

In a detailed presentation on the world economy at the ongoing G20 Sherpa meeting in Udaipur, seen by ET, the IMF cautioned that high-frequency indicators point to a weakening global growth momentum in the fourth quarter and sought measures to support growth.

​​“Although we think SBI remains the best state-owned bank, we see potential for notably higher stock returns in BOI and BOB due to much cheaper valuations,” said Morgan Stanley in a client note.

“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.

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.

India’s outperformance this year arises to a large extent because of North Asia getting pulled down by the twin forces of developed market demand retrenchment, which we are still in the midst of it. India and some of the pockets of South Asia ‘under-outperformed’ rather over the past almost 16 Continue Reading