CEOs of investment banking giants expressed optimism about a resurgence in capital markets when they reported fourth-quarter earnings on Tuesday on an improving deal pipeline and U.S. economy, but also warned of risks that could disrupt a nascent recovery.
Fed’s Waller says US “within striking distance” of inflation goal
The U.S. is “within striking distance” of the Federal Reserve’s 2% inflation goal, but the central bank should not rush towards cuts in its benchmark interest rate until it is clear lower inflation will be sustained, Fed Governor Christopher Waller said on Tuesday.
Taking Stock: Market snaps 5-day winning run; Sensex down 199 pts, Nifty around 22,050
Top losers on the Nifty included Divis Laboratories, HCL Technologies, Wipro, NTPC and SBI Life Insurance, while gainers included BPCL, Tata Steel, Titan Company, ITC and Maruti Suzuki.Mid-day Mood | Indices recover from early losses amid gains in financial stocks, IT sees profit-booking
The benchmark indices shrugged off weak global trend to recoup early losses to trade marginally high on gains in financial namesPositive Breakout: HUL and 3 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.
At multi-year highs: ONGC, IOC among 7 stocks that witnessed 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Big movers on D-Street: What should investors do with Just Dial, HDFC Life and Wipro?
Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday.
Taking Stock: Sensex, Nifty close at new highs, investors richer by Rs 3 lakh crore
Mirroring the benchmarks, broader indices, too, hit new fresh highs before closing with marginal gainsBuy or Sell: Stock ideas by experts for January 15, 2024
ETMarkets Fund Manager Talk: This fund manager sees 2 themes doing well in India irrespective of election outcome
Fund manager Siddharth Oberoi believes that regardless of the election outcome, the infrastructure and consumer goods sectors will continue to thrive in Dalal Street. The Prudent Equity ACE Fund delivered a 72% return in 2023 with consistent monthly gains. Oberoi sees tremendous opportunities in equities for 2024, driven by increased earnings in listed companies. Although there may be a surge of money due to the US Fed’s indication, Indian markets have become less reliant on foreign flows.