“So it’s going to be some time before we can have a high degree of confidence that inflation is on its way back to 2%.”
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before getting some relief in a brief rally.
Taking Stock: Market ends lower in lackluster trade; metal, PSU bank gain, pharma drags
On the sectoral front, the metal index was up 1.3 percent, PSU bank index was up 0.7 percent and auto index was up 0.4 percent, while realty and healthcare indices ended lowerMid-day Mood | Markets trade flat amid Middle East conflict; Nifty above 19,750
Investors should hold cash so they can enter the markets when there is a big dip, suggested analysts.Golden Crossovers: Aavas Financiers among 3 stocks signaling further bullishness
At multi-year highs: Tata Motors among 4 stocks that saw 5-year swing high breakout
Stocks in news: Texmaco, Som Distilleries, Gati, Utkarsh SFB and more
Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin
“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.”
Markets are delicately poised; how will the second half of FY24 go? Amnish Aggarwal answers
“The second half of the year is usually very important from the viewpoint of the overall economy because the second half is more like 40-60. The second half of the year is much bigger. That is one part of it. Secondly, the capex momentum, I would say, particularly from the government side, in the first half has been practically good. Maybe because we are approaching election year. So there might have been some preponement of capex.”