Q2 GDP shocker: Will stock market dance to the tunes of macro worries?
If the Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are…
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Adani Green shares recoup all losses following US bribery charges in 7 trading days
Adani Green Energy shares surged 9% to Rs 1,445, recovering all losses since the U.S. indictment on November 21. This sharp rebound follows allegations against the group’s billionaire founder, Gautam Adani, over an alleged $265 million bribery scheme. The recovery in stock value came after the company issued a clarification denying the bribery accusations against…
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Dixon shares rally over 6% as unit signs deal to make Google Pixel smartphones
Dixon Technologies shares surged as much as 6.4% on Monday to Rs 16,819.45 on BSE after the electronics manufacturer said its wholly-owned unit, Padget Electronics, in partnership with Compal Smart Device India, has commenced mass production of Google Pixel smartphones. The companyβs unit Padget Electronics is engaged in the business of manufacturing mobile phones and…
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Mcap of nine of top-10 most valued firms surges Rs 2.29 lakh cr; LIC biggest winner
The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped 685.68 points or 0.86 per cent and NSE Nifty climbed 223.85 points…
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India Equity Playbook 2024: Will the Santa Claus effect work for Indian markets?
The Indian indices have fallen 8-9% from the peak, wherein US indices are at their peak. This could be due to two reasons: a) Trump coming into power making US equities more attractive due to expected increase in net fiscal stimulus b) The China stimulus impact – which is now waning c) India centric slowdown…
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2nd DEC 2024 | Asia in Green Expect Manual Movement Bank Nifty Weak
NIFTY Prediction Nifty December series began positively, with the markets gaining nearly 1%. The Nifty surged early in the day, closing at 24,131 after trading within a range. On the daily chart, Nifty has bounced back above the 21-day exponential moving average (DEMA) and formed a green candle, signaling strength. Resistance is expected between 24,300…
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Ashish Kacholia’s portfolio drops 12% since September quarter; adds 7 new stocks in Q2
Ace investor Ashish Kacholia’s portfolio witnessed a 12% correction since the quarter ended September 2024. The portfolio value declined from Rs 3,498.5 crore at the end of Q2FY25 to Rs 3,078.9 crore as of 30th November 2024, according to data from Trendlyne. Meanwhile, in the September quarter, Kacholia added seven new stocks to his portfolio,…
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FPIs’ selling spree continues in November with Rs 21,612 crore outflow
Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the Indian equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive…
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Ahead of Market: 10 things that will decide stock market action on Monday
The Indian stock market ended in green on Friday, lifted by buying in heavyweights Bharti Airtel, Reliance Industries and pharma stocks, with the Nifty index closing about 1% higher this week. The benchmark S&P BSE Sensex gained 759.05 points or 0.96% to settle at 79,802.79, while the broader Nifty 50 index closed at 24,131.10, higher…
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Aditya Birla Group stocks: Are they getting ready for re-rating as a group? 6 companies from the Aditya Birla stable
Synopsis In the last few years, the overall re-rating in the Indian markets has largely been sector-based. But there has been a re-rating based on ownership as well. The Tata Group is a prime example. A number of Mahindra Group companies have also been re-rated. In the context of the Tata Group, letβs see what…
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