Market Bizzz

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The Federal Reserve’s favoured measure of inflation – the core personal consumption expenditures (PCE) price index – is due on Thursday and forecasts are for a rise of 0.4%.

Berkshire Hathaway Inc’s cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations. The company also reported fourth-quarter operating earnings of $8.48 billion, versus $6.63 billion for the same period a year earlier, helped by an increase in insurance underwriting earnings and investment income amid higher interest rates and milder weather.

Gold demand and prices are expected to rise in 2024 due to geo-political uncertainties, debt crisis, and central bank purchases. India’s sovereign gold bonds will encourage investors to see gold as an alternative asset class. Efforts are being made to bridge the trust deficit and improve transparency in the gold industry.

Fourth-quarter operating profit rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a year earlier.

Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence.

​​The brokerage has downgraded its ratings on SBI and ICICI Bank, while upgrading Bajaj Finance. It reiterated its buy rating on HDFC Bank.

According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.