MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.9% in early trade. Japan’s Nikkei was up 1.8%. Overnight the Nasdaq jumped 2.4%, bonds surged and the dollar slumped more than 1.6% on the euro.
Smallcap cycles: Simultaneously brilliant and vicious
Within the small-cap realm, relatively smaller market capitalisation companies have experienced higher average returns, along with a greater proportion of companies providing returns exceeding 100 percentGIFT Nifty cools down after surge overnight, softer US inflation lifts SP 500, Nasdaq 2%
An unexpected slowdown in inflation fueled speculations about a shift in the Federal Reserve#39;s strategy. As a result, US#39; SP 500 and Nasdaq Composite indices gained around 2% each, while GIFT Nifty on NSE IFSC jumped 1.2% on November 14.Retail investor is like Glenn Maxwell, says Nilesh Shah of Kotak AMC
“The maturity of retail investors is truly unbelievable. We now have to go fully prepared, investors ask us really tough questions”Looking for power play? Buy these 5 stocks as SIP, says Sanjiv Bhasin
“You can add a Tata Power which will be the best power play on the private side but do not miss this basket of REC, PFC, NTPC, and Coal India and add an NMDC. If you bought these five stocks as SIP, you will be richly rewarded for the next six months but add Tata Power in that basket.”
Sebi nod for IPOs of Fedbank Financial, Epack Durables & Suraj Estate Developers
The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
Coal India pricing reasonable, still top pick post rally
The average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company’s earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.
Taking Stock: Sensex drops 326 points, Nifty below 19,450; PSU banks buck the trend
The broader market continued to outperform the benchmarks. Buying was seen in PSU banking names and metals, while others reeled under supply pressureTaking Stock: Sensex drops 326 points, Nifty below 19,450; PSU banks buck the trend
The broader market continued to outperform the benchmarks. Buying was seen in PSU banking names and metals, while others reeled under supply pressureMid-day Mood | Market falls on Moody’s US downgrade, Nifty below 19,450
Analysts say in Samvat 2080, India will continue to shine and expect markets to maintain its outperformance. Sectors like BFSI, discretionary consumption, and construction real estate are expected to do well