Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: “I am a firm believer that any company out there who gets pricing power will get price earning multiples. “
At multi-year highs: These 3 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Positive Breakout: Axis Bank and 5 other stocks cross above their 200 DMA
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.
Market correction inevitable as NDA’s 400-seat mission less likely to transpire, says Bernstein
If election results are not in favour of current market predictions and expectations, markets will see an “inevitable correction,” as per BernsteinTaking Stock: Market gains for second session; Sensex up 560 points, Nifty above 22,300
BPCL, Tata Consumer Products, Eicher Motors, LT and Shriram Finance were among top Nifty gainers. The losers included NTPC, HDFC Bank, JSW Steel, IndusInd Bank and Tata SteelTaking Stock: Market gains for second session; Sensex up 560 points, Nifty above 22,300
BPCL, Tata Consumer Products, Eicher Motors, LT and Shriram Finance were among top Nifty gainers. The losers included NTPC, HDFC Bank, JSW Steel, IndusInd Bank and Tata SteelAsia stocks edge up, oil and gold retreat on tempered Mideast fears
Gold and the safe-haven dollar pulled back from near their peaks, and crude oil prices declined as the potential for a major supply disruption waned.
Avoiding IT stocks; 4 sectors to buy into now: Chakri Lokapriya
Chakri Lokapriya discusses earnings upgrades in infra, auto, metals. Maruti’s EV models offer growth potential. TCS projects higher growth than Infosys. Wipro faces challenges with new CEO. The approach to automobiles sector is not only betting on things which do not only make products for EVs, but for both types of automobiles.
NSE IX gets SEC class relief; permits US clients to trade on equity index option contract
NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement.
Solar cell maker Premier Energies files IPO papers to raise more than Rs 1,500 crore
Premier Energies IPO consists of a fresh issue of equity shares aggregating up to Rs 1500 crore and an Offer for Sale (OFS) of up to 2,82,00,000 shares by the selling shareholders.