Latest Updates Around The World
The Indian market ended higher on Friday, with the Sensex and Nifty reversing an early lull, as financial and auto stocks – which are typically sensitive to interest rate moves – led the advance after the Reserve Bank of India cut policy rates by 25 basis points.The S&P BSE Sensex climbed 447 points, or 0.52%, […]
Kaynes Technologies’ sharp 43% decline from its October peak, capped by a steep 12.5% decline on Friday, has raised questions about whether the stock is approaching a reversal zone or sliding into deeper losses. While momentum indicators remain firmly bearish, the wide gap to the 200-day moving average signals potential mean-reversion opportunities for tactical investors.Edited […]
Warren Buffett and Michael Burry, two closely watched investors in global markets, are taking diametrically opposed positions on the madness of artificial intelligence, setting off a rare, high-stakes clash over whether Silicon Valley’s hottest trade is a once-in-a-generation opportunity or a bubble waiting to burst. Their views, revealed in recent exposés and letters, come as […]
Indian stock markets have spent almost eighteen months in a sideways move, and according to Ashi Anand, founder and CEO of IME Capital, this consolidation phase has been shaped by a mix of headwinds: weak growth, high interest rates and geopolitical uncertainty. But the story gradually gets better. Anand notes that growth indicators have strengthened […]
Equity benchmarks extended their winning streak for the third week in a row, hitting new record highs on improved global risk appetite and supportive domestic signals. After some initial profit-taking at the start of the week, a sharp recovery mid-week provided renewed bullish momentum, followed by a phase of healthy consolidation. Towards the end of […]
Markets have been strong over the past week, mainly on favorable domestic cues, with Nifty gaining over one and a half percent, just below the coveted 26,000 mark. Inflation pressures reached a ten-year low of 0.25%, boosting investor confidence. The wins also ensured that a number of specific actions remained intact. Now that the season […]
Institutional investors are showing renewed confidence in India’s largest public sector lender State Bank of India (SBI) as both foreign and domestic players increase their bets amid strong earnings momentum and positive analyst outlook.In the September quarter, SBI reported a 10% year-on-year increase in standalone net profit to Rs 20,159 crore, compared to Rs 18,331 […]
Indian benchmark indices Nifty and the BSE Sensex closed with a weekly decline of 0.9%, due to selling pressure in IT and consumer stocks. When stock markets resume trading on Monday, a host of major domestic and global events are likely to have an impact during the holiday week. On Friday, Nifty closed 17.40 points […]
Even as Indian equities remain within their range and the Nifty is down almost 1% this week, optimism about the broader economy and earnings rebound is increasing. According to Varun Goel, head of investments at Nippon India Mutual Fund, the current earnings season is “in line with or slightly above expectations”, paving the way for […]
India’s benchmark index Nifty ended with cuts for the second straight session amid profit booking and mixed global cues, dragged down by bankers HDFC Bank and ICICI Bank. Nifty remained weak throughout the day as the index failed to sustain above 25,950. Commenting on the current trend, Rupak De, Senior Technical Analyst at LKP Securities, […]
