Aswath Damodaran lists 2 factors that will drive stock prices in 2023
NEW DELHI: After Wall Street ended in the bull market territory following favourable comments from Fed Chair Jerome Powell, valuation guru Aswath Damodaran on Thursday said the trajectory of inflation and economic growth will drive returns in the stock market in 2023. “In Nov 22, long-term treasury rates dropped, the treasury yield curve became more…
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Chart Check: This smallcap stock rose 100% since June; book profits or stay put?
, part of the tyre and rubber products industry, rallied by about 100% since June 2022 but technical indicators suggest that the rally may not be over yet. The smallcap stock rose from Rs 1,559 recorded on June 30 2022 to Rs 3,178 as on 29 November which translates into an upside of over 100%….
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NDTV hits upper circuit for 5th straight day, stock jumps 30% in 6 days
Shares of broadcaster (NDTV) hit 5% upper circuit to Rs 470.05 in Thursday’s trade. The stock has jumped 30% in the last six days after Adani Group’s open offer to take over control of began last week. NDTV’s shares hit their upper circuit limit of 5% for the fifth straight day. With no sellers in…
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Likhita Infra zooms 5% after Ashish Kacholia picks up 2% stake
Shares of rallied more than 5% during Thursday’s trade to a new record high after Dalal Street veteran Ashish Kacholia picked stake in the firm. Seasoned investor Kacholia picked up more than 2% stake in the company via a block deal on Wednesday, according to data from National Stock Exchange (NSE). He picked up 3,97,000…
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Decoding the impact of a global recession on booming Indian economy
With major economies staring at slowing economic growth rates and surging inflation, India’s indomitable domestic demand and rapid infrastructure development are insulating its economy from recessionary pressures. As the World Bank highlights the risk of the global recession in 2023 due to incessant rate hikes carried out by central banks around the world, India finds…
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Asian stocks jump after Powell hints at rate hike slowdown
Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. In an eagerly-awaited speech, Powell said the central bank could scale back the pace of its interest rate hikes “as soon as…
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Sensex at record high but over 200 stocks are trading below 5-year average PE level. Should you buy?
NEW DELHI: Taking the prices of many stocks to record high levels, Sensex and Nifty are now trading in uncharted territory. But over 200 stocks, including D-Street favourites , HUL and , are still below their 5-year average PE levels. An analysis of stocks with a market capitalisation of over Rs 500 crore shows that…
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Buy or Sell: Stock ideas by experts for December 01, 2022 – The Economic Times Video
Buy or Sell: Stock ideas by experts for December 01, 2022 – The Economic Times Video | ET Now ET Now | 01 Dec 2022, 09:26 AM IST ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Nooresh Merani has a buy/sell recommendation on DLF and United…
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Anicut Capital gets SEBI nod for Rs 1,500-cr debt fund
Debt and equity investment firm Anicut Capital has received market regulator Securities and Exchange Board of India (SEBI) approval for a Rs 1,500-crore debt fund. Anicut Capital’s third debt fund, Grand Anicut Fund 4, includes a green shoe option of Rs 500 crore, the firm said on Wednesday. The asset management company plans to launch…
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Tech View: Nifty forms long bullish candle on daily charts. What traders should do on Thursday
With Nifty scaling new peaks, a long bullish candlestick with a minor upper shadow was formed on the daily scale. This pattern indicates the continuation of the upside momentum in the market. The hourly and daily upper Bollinger Bands expanded along with price action, which assisted the bulls today. Momentum oscillator RSI gave a falling…
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