The US Federal Reserve’s recent dovish stance may lead to rate cut in the first quarter of 2024, believes Andrew Holland CEO, Avendus Capital Alternate Strategies. He tells Siddhant Mishra that India’s consumption story will continue to drive earnings upgrades. Excerpts:How do you see the markets in 2024?Our view is that the US Federal Reserve [&he
Can gold yield Diwali delights for investors?
By Bhavik Patel Gold investors are happy this Diwali as gold has given approximately a return of around 18.5% from last Diwali till now. There were many factors contributing to the strong return in gold ranging from central bank buying to the Middle East conflict between Israel and Hamas. The main expectation for gold rally […]
Stocks to watch: ONGC, Coal India, Glenmark Pharmaceuticals, SAIL
Stocks in Focus: GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained […]
Nifty support seen at 19,329, Sensex eye to 65,630: All eyes on rupee ahead of RBI Policy decision
By Anand James Nifty having taken support 19329, the recent reaction low on Friday, a buy on dips mode is in play, which should pacify the nerves of those worrying about a dip after Muhurat trading day. Going forward, we expect 19170 to hold in the event of extended dips, with intermediate support at 10d […]
Your Money: Rate cuts coming, but how soon?
By Joydeep Sen The US FedERAL Reserve meeting on December 13, 2023 —where it decided to maintain the Fed rate — was perceived as a pivot, with widespread ramifications on markets all over the world. A report called Summary of Economic Projections is published in every alternate meeting of the Federal Reserve. The median of […]
Stocks to Watch: Tata Technologies, ICICI Bank, Fedbank Financial Services, Gandhar Oil Refinery, UltraTech Cement
Stocks in Focus: GIFT Nifty traded flat at 20,105 down merely 0.08%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. “Investors […]
Jefferies maintains ‘Buy’ on Zomato, sees 32% upside amid speculations on Shiprocket deal
Jefferies maintained a buy call for Zomato with target price of Rs 165. The report says that speculations surrounding a potential deal with Shiprocket, although Jefferies expresses skepticism about the likelihood of such an agreement. The company has reportedly denied any ongoing negotiations. Zomato holds a 5% stake in Shiprocket following an inve
Prices of basmati paddy up 14% on year as arrivals peak
Mandi prices of several varieties of basmati paddy are ruling 11-14% higher than the last year levels, one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to $950/tonne to give a boost to exports. Exporters said that robust global demand especially from Middle-East and the restrictions on non-basmati [
After Sports Ministry suspends WFI, ex-chief Brij Bhushan says ‘done with wrestling’
After the Sports Ministry suspended the Wrestling Federation of India (WFI), former chief of the apex wrestling body Brij Bhushan Sharan Singh on Sunday said he is “done” with the sport and that the newly-elected body will now take care of wrestling matters. “Whatever has to be done with regards to wrestling in India, it […]
Lunar Eclipse 2023: Cosmic wonder captured! See stunning visuals of ‘Chandra Grahan’
1/6 India along with the rest of Asia, Europe and Africa have witnessed a partial lunar eclipse on Saturday night. The celestial phenomenon continued till the early hours of Sunday. The moon has been partially eclipsed by the shadow of the earth for some time and gives people in India a chance to witness a […]