Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 52%
Synopsis Whether the market is in the grip of bulls or bears, investors need to be cautious and selective. And when the street is bearish, be careful not to get caught up in short-term narratives and sell at the wrong time. Also, to avoid the urge to average out. While the worst is probably over…
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Royalty payments by some listed companies exceed 20% of profits
Mumbai : Listed companies paid royalty to related parties in excess of 20% of their net profits on one out of four occasions, flagging the need for change in norms, a study published by the Securities and Exchange Board of India (Sebi) Thursday showed. βThe data suggests that though the royalty payments made by companies…
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Minority investors show less dissent as cos hear them out
Mumbai : Companies are facing less dissent from shareholders these days. Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20%…
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Dollar sits atop one-year peak as Powell sends yields up, China data mixed
The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data retail…
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With D-Street debut, Niva Bupa gets a capital shot in the arm
Mumbai : Niva Bupa debuted on the stock exchanges Thursday with a 5% premium, becoming Indiaβs first listed multinational health insurer. The company initially raised 5-6% equity in private placements, setting a valuation benchmark that strengthened its IPO appeal. Liberalisation of foreign ownership in the insurance sector β now up to 74% β enabled British…
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Wall St indexes end lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors’ hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and…
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Trump 2.0 and its impact on 3Is: Interest rates, inflation & India
In its November 2024 policy meeting, Federal Reserve Chair Jerome Powell announced a 25 basis point (bps) cut in the federal funds rate, lowering it to a target range of 4.50% to 4.75%. This move followed a larger-than-anticipated 50 bps cut in September, marking a gradual pivot by the Fed amid a cooling US labour…
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HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
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Stocks to buy or sell today: Wipro, ONGC among top 6 trading ideas for 14 November 2024
Indian market is likely to consolidate on Thursday tracking mixed global cues. India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards…
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Hot Stocks: Brokerages see 11-30% upside in Apollo Tyres, Eicher Motors & L&T
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides. Goldman Sachs has reiterated its confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and robust performance indicators. Meanwhile, UBS has maintained its bullish stance on Apollo Tyres, emphasizing a promising outlook despite mixed quarterly…
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