Stocks in focus: Coal India, CEAT, Affle India, Tata Motors, Godrej Properties, and more
Gold flat as investors seek direction from U.S. inflation data
Gold prices were listless on Tuesday as investors held to the sidelines ahead of key U.S. inflation figures, which are likely to influence the Federal Reserve’s rate-hike narrative.Oil prices steady as supply woes offset recession fears
The poll was conducted ahead of reports from the American Petroleum Institute due at 4:30 p.m. ET (2130 GMT) on Tuesday, and the Energy Information Administration due at 10:30 a.m. (1530 GMT) on Wednesday.US stocks end higher, Meta jumps as investors eye midterms
Digital World Acquisition Corp surged 66% after former U.S. President Donald Trump hinted at another White House bid. The blank-check firm has agreed to take social-media startup Trump Media & Technology Group Corp public.Taking Stock | Strong results over the weekend and FII buying lift Nifty past 18,200
Better-than-expected results by banking majors Bank of Baroda and State Bank of India aided the sentiment. That apart, global markets displayed strength following a strong closing by the US markets on Friday.Stocks in the news: Coal India, RIL, Titan, SBI, Power Grid, GAIL, Cipla and Tata Motors
Coal India, Divi’s Labs, BPCL, Paytm, AB Capital, Sundaram Finance, Tata Teleservices, Vinati Organics, KRP Mills, Endurance Tech, PB Fintech and Affle are among the companies that will announce their results for September 2022 quarter today.Gold retreats from three-week high as U.S. dollar stabilizes
Four Fed policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation.Oil falls as China sticks to strict COVID policy
Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting despite strong jobs data.”The market is still dealing with signs of weakness in oil demand from already high prices and the weak economic backdrop in developed markets,” ANZ analysts said in a note, adding demand in Europe and the United States have fallen back to 2019 levels.Time to start allocating money in the market? This is what Ajay Bagga has to say
“While the VIX for bond markets and the currency market is at multi-decade high, the stock market VIX has not really gone up. That shows us that even though the fund manager sentiment surveys and consumer surveys are quite pessimistic in terms of flows and positioning in the option markets, the markets have held up quite well after the initial selloff in the first six months.”A close above 18,350 could take the Nifty50 towards 21,000 in long term: Mehul Kothari
“Even the derivative stats indicate that FIIs are now decently long in index futures (Long Short ratio is around 65%) and this opens up the possibility of their unwinding in longs. Thus, on the downside, 17900 would be intermediate support and a breach of the same might apply some brakes to the ongoing momentum.”