The latest shift in rate expectations came after an upside surprise in U.S. inflation on Tuesday which showed the consumer price index (CPI) rising 3.1% on an annual basis, above forecasts for a 2.9% increase.
Taking Stock: Market bounces back on favourable data; banks outshine
Hindalco Industries, Grasim Industries, BPCL, Divis Laboratories and UltraTech Cement were among the top losers on the Nifty, while gainers included Coal India, UPL, Axis Bank, SBI Life Insurance and ICICI BankTaking Stock: Market bounces back on favourable data; banks outshine
Hindalco Industries, Grasim Industries, BPCL, Divis Laboratories and UltraTech Cement were among the top losers on the Nifty, while gainers included Coal India, UPL, Axis Bank, SBI Life Insurance and ICICI BankSensex, Nifty gain led by banking stocks; may consolidate in range until next trigger
As we approach the final phase of corporate earnings season, analysts anticipate Nifty to fluctuate within the range of 21,100 to 22,000 in the short term, as investors seek out the next catalyst for market movementBHEL, PNB, Mamaearth and 29 other stocks enter MSCI indices
India’s weightage in the MSCI Global Standard (Emerging Markets) index will reach a historic high of 18.2%. India’s representation is expected to increase to around 18.5% after the February rejig, according to Abhilash Pagaria of Nuvama Alternative & Quantitative Research. The quarterly rebalancing could lead to significant inflows from passive FII funds.
ETMarkets Smart Talk: Wealth creation mantra! 4 reasons why SIP contribution could rise by 10-15%: Shiv Sehgal
Shiv Sehgal says: “With regards to dark horses, I think 2024 is likely to be export-oriented ones like IT and chemicals. This is because, globally, we have had a prolonged manufacturing recession (of more than a year), which has resulted in these stocks significantly underperforming the benchmark indices. Such a prolonged manufacturing downturn in the absence of a global recession is a historical anomaly. However, the global economy now seems to be bottoming out.”
Eicher Motors Q3 results today: Here’s what to expect from the automaker
In the recent second quarter, the company posted 55% growth in its consolidated net profit to Rs 1,016 crore and revenue from operations increased 17% year-on-year (YoY) to Rs 4,115 crore.
Taking Stock: Sensex, Nifty close in the red; PSU banks take a hit
Small and midcaps bleed. The BSE midcap index falls 2.6 percent and the smallcap index 3 percentPSU banking stocks drag down Sensex, Nifty; analysts say consolidation likely to prolong
Analysts expect markets to observe consolidation for the next few days as valuations look stretched and investors approach the fag end of earnings seasonMid-day Mood | Bank Nifty in a free fall, slips 850 pts to below 44,800; Nifty, Sensex fall 0.8%
Banking stocks – private as well as PSUs came under selling pressure while information technology names bucked the weak market trend and inched higher.