Buy or Sell: Stock ideas by experts for January 19, 2023
Stocks in focus: Vedanta, Tata Motors and more
Big Movers on D-St: What should investors do with HUL, Asian Paints and IndusInd Bank?
Sectorally, buying was seen in metals, capital goods, telecom, and consumer durables while selling was seen in utilities, auto and power stocks.Taking Stock | Market extends gains; Nifty above 18,100, Sensex rises 390 points
On the BSE, metal index gained 2.4 percent, capital goods index added 1.4 percent, while bank and pharma indices added 0.5 percent each.FTX says $415 million in crypto was hacked
The crypto assets recovered to date include $685 million in Solana, $529 million in FTX’s proprietary FTT token and $268 million in bitcoin, based on crypto prices on Nov. 11, 2022. Solana, which was lauded by Bankman-Fried, lost most of its value in 2022.Netflix set for slowest revenue growth as ad plan struggles to gain traction
That is likely to draw focus on Netflix’s aggressive content spending, which finance chief Spencer Neumann said in July would total about $17 billion annually for the next couple of years.Asian shares tentative, Japan yields close to policy cap ahead of BOJ meeting
The BOJ’s official two-day meeting will end on Wednesday and speculation is rife it will make further changes to its yield curve control (YCC) policy, given that the market pushed 10-year government bond yields above the policy cap of 0.5% in the past three sessions.Taking Stock | Nifty above 18,000; Sensex gains 562 points led by FMCG, power and capital goods
The BSE midcap and smallcap indices end flatYen perched near 7-month high as BOJ looms
Annual growth in Chinese gross domestic product for the fourth quarter is expected to be reported as only 1.8%, so any upside surprise could lend support to trade-exposed currencies, such as the Aussie.Gold holds above $1,900/oz on smaller U.S. rate-hike bets
Investors are mostly expecting a 25 basis points (bps) rate hike increase at the Fed’s next policy meeting. The U.S. central bank raised rates by 75 bps four times last year, before slowing to a 50 bps increase in December. Lower rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset.