MARKETS
ICICI Bank sizzles in muhurat trading post strong Q2 earnings
Shares of ICICI Bank have risen 23 percent so far in 2022, outperforming the Nifty Bank index as well as the Nifty 50 index.
BUSINESS
Muhurat trading ends on a strong note; here are the factors that drove market
Analysts said the Nifty 50 will face tough resistance at 17,850-17,900 levels, and sustainability of the rally will hinge on the index crossing that mark.
BUSINESS
LGT Group open to more acquisitions to expand India footprint
Prince Max von und zu Liechtenstein, LGT Group Chairman, told Moneycontrol that the private banking and wealth management business in India has a lot of potential to grow organically
BUSINESS
Preview: RIL’s Q2 consolidated net profit seen rising 12% YoY, driven by telecom, retail business
Reliance Retail and Reliance Jio Infocomm are expected to have performed well, driven by high customer acquisitions in telecom and strong footfalls in retail
BUSINESS
UltraTech sees little risk of new capex boom in cement sector hurting pricing
Investors have been concerned that the new wave of capacity addition in the cement sector may cause a glut if demand is unsustainable
BUSINESS
Mutual funds dial down exposure to India’s most sought after stock bet
However, the consensus among analysts is that the bank will emerge as the best-in-class lender in both retail and corporate loan categories.
BUSINESS
Pidilite, Ambuja Cements, Tata Power front-runners to replace HDFC in Nifty 50
As per Nuvama Wealth Management, HDFC’s stock could see outflows worth more than $1.5 billion because of exiting the benchmark indices, which could also have a bearing on the stock performance of HDFC Bank
BUSINESS
DSP MF strategist's mantra to beat macro chaos: Keep calm and BTFD!
The head of products and market strategist at DSP MF is not perturbed by the macroeconomic chaos given that he sees India’s corporate sector coming through on their earnings promise
BUSINESS
Oil & gas sector stares at ‘material’ hit to Q2 earnings from taxes, falling margins
While the sector reported decent earnings growth in the previous quarter, the government’s imposition of special duties on oil production and export of crude oil products have weighed on the performance.
BUSINESS
Dollar’s joyride is unsustainable and may be nearing its end, says DSP MF’s Sahil Kapoor
The US Dollar index, which measures the currency against a basket of other major currencies, has soared to its highest levels not seen since George W Bush’s first term as the US President.
EARNINGS
TVS Motors, Varun Beverages among 5 stocks in contention for inclusion in MSCI indices
MSCI will announce the results of its semi-annual index review on November 11 and adjustments will take place on November 30.
BUSINESS
Contrarian Calls: Optimism reduces for Q2’s best performing Nifty stock
Analysts toned down their optimism on a clutch of stocks part of the Nifty 50 as a swashbuckling rally amid persistent global macro uncertainty made theirm cautious over valuations.
BUSINESS
RBI Policy | Stocks rejoice on possibility that RBI may go slower on rate hikes
The Monetary Policy Committee approved the third successive 50 basis point hike in the repo rate to 5.9 percent, which was in line with market’s expectations.
BUSINESS
Cloud over growth prospect sends tech stocks for worst annual rout since 2008 crisis
The possibility of a recession in the US next year, the largest market for Indian IT service providers, has led analysts to trim their earnings growth expectations.
BUSINESS
Global financial markets show signs of renewed stress
Back in March 2020, soon after the LIBOR-OIS spread indicated there was stress in the US money market, the Federal Reserve had announced an infinite quantitative easing programme.
BUSINESS
Indian stocks’ de-coupling looks unsustainable as analysts warn of 30% crash
The resilience in the domestic stock and bond market so far has been ascribed to India’s improving macro-economic outlook amid early signs of a multi-year capital expenditure cycle
BUSINESS
Buffett, Softbank nurse heavy losses as Paytm’s lock-in period nears end
However, Alibaba and Elevation Capital are enjoying huge notional gains on their Paytm holdings and are likely to pare stakes when the lock-in period expires on November 18
BUSINESS
Dollar liquidity crisis simmers, but headwinds may not ruffle Indian economy
The 2020s are likely to be remembered for the tectonic shifts it will have caused in the way the world we know functions and India will hope that it emerges among the biggest winners
BUSINESS
Exuberance in broader market subsides as September turns somber
Nifty Smallcap 100 and Nifty Midcap 100 index now down nearly 9 percent each from their highs hit earlier this month and touching distance from entering a correction territory
BUSINESS
BNP Paribas warns equity returns in India could weaken in next 12 months
Indian equity market will be vulnerable going ahead due to accelerated tightening of the US Federal Reserve’s balance sheet and higher global interest rates
BUSINESS
Mindtree CEO blames 'irrational behavior' in IT job market for surging costs
The strong job market for IT professionals meant that attrition rates at major IT companies has hit multi-year highs.
BUSINESS
M&M aims to double SUV capacity to ride demand: Anish Shah
M&M has become one of the most talked about brands in the fast-growing SUV segment in India’s passenger car market
BUSINESS
Fund managers most bullish on auto stocks in over 4 years
Investors are betting that after a near four-year downcycle in the domestic automobile market, the sector is on the cusp of a new business cycle
BUSINESS
HDFC AMC share of equity AUM on a slow upward crawl
In the previous financial year, the asset manager’s overall market share had slumped from 12.6 percent in March 2021 to 10.8 percent in March 2022
