STOCK MARKET IN JANUARY
What CJI Chandrachud's ‘stratospheric’ market remark means for equity markets
Indian headline indices' record hitting spree has raised alarm bells among sections of market enthusiasts and the latest to jump into the bandwagon is the Chief Justice of India (CJI) DY Chandrachud who has advised market regulator Securities and Exchange Board of India (Sebi) to exercise caution in order to safeguard investors’ money.
Sensex target is 1 lakh by December 2025 if bulls keep running at historical CAGR
Sensex surged from 70,000 to 80,000 in under 7 months, hinting at a potential reach of 1 lakh by December 2025 with a 16% historical CAGR. Since its inception at 100 in April 1979, it has grown 800 times at a 15.9% CAGR, suggesting a future landmark by December next year.
Kotak Bank created fund used to bet against Adani: Hindenburg
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
India stocks rally may have a tough fight amid stretched signals
Indian equities rally may cool as technicals suggest overbought conditions for NSE Nifty 50 index. Investors optimistic due to Modi government's commitment to pro-growth policies. Global funds boost market with $3.1 billion in net purchases. June sees market recovery from selloff with increased bullish sentiment. Market value hits $5 trillion amid record-setting rally.
Echoes of dotcom bubble haunt AI-driven US stock market
AI enthusiasm, along with a robust economy and improved earnings, has driven the S&P 500 index to new highs this year, surging over 50% since October 2022. The Nasdaq Composite, heavily influenced by technology stocks, has soared more than 70% since the end of 2022. While several internet stocks such as Amazon survived and eventually thrived, others never recovered.
Akiko Global Services stock debuts with 27% premium on NSE SME platform
Akiko Global Services debuted on the NSE SME platform with a 27.27% premium. The IPO was oversubscribed 30 times. The company focuses on credit cards and loans, using direct selling for product demos. In January 2024, their revenues were Rs 26.09 crore, with a profit after tax of Rs 3.21 crore.
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Amfi stock classification: BHEL, 6 more stocks to become largecaps in H2CY2024. Check m-cap cut-off
Based on average market capitalization from January to June 2024, seven stocks are poised to join the large-cap category. The list includes two-wheeler giant Hero MotoCorp, state-run companies BHEL and NHPC, along with Zydus Lifesciences, JSW Energy, Bosch, and Cummins India.
Where US stock market is headed after wild first half: 5 charts
A boom in artificial intelligence fueled a blistering first half for the US stock market, and traders expect to see the same — and more — in the remainder of the year.
Tech boom leads global markets through first half of 2024
The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period reflected a mix of challenges and opportunities shaping the global economy.
Small caps: Hard work before buying & patience after buying: 5 stocks from different sectors with an upside potential of up to 47 %
As the major event risk is behind it, there is a high probability that except the regular profit booking moves which will keep coming due to one or the other reason, markets are likely to stay under the control of bulls. So there is a high probability that soon we are going to see a phase which we saw in the last quarter of 2023, where there was a mad rush to buy small caps. So before that situation arrives and decision making is more controlled by sentiment than sense, it would be better that one should set the ground rules for buying small caps, so that when the corrective phase and the narrative for the short term changes, there is no fear and panic leading. Another reason why it is important to touch upon this issue at this point of time, is the fact that when it comes to small cap stock there is an interesting equation between desire and challenge. Desire keeps moving up and down but the challenge of finding the right stocks is always present.
Record block deals! Dalal Street scores Rs 23,000 crore screamer, from a Voda assist
Indian stock markets hit a milestone with record block deals worth ₹23,000 crore, driven by Vodafone Group's stake sale in Indus Towers.
By the numbers: How Nvidia's stock market value topped $3.3 trillion
Nvidia has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue more than tripled in the latest quarter from the same period a year earlier.
Why the stock market has risen even with no Fed rate cuts
Even without any interest rate cuts so far in 2024 and with the likelihood of just one meager rate reduction by the end of the year -- the stock market has been purring along. That's quite an achievement, given the expectation in January that the Fed would trim rates six or seven times in 2024 -- and that interest rates throughout the economy would be much lower by now.
Stock market traders to enjoy long weekend holiday as BSE, NSE shut on Monday
Traders will enjoy an extended weekend holiday on June 17 due to Bakri Id closure. Stock exchanges, including equity, derivative, and SLB segments, will be closed, providing a much-needed break after a volatile election period.
Why did SEBI ban news anchor Pradeep Pandya from securities market? What is the controversy?
"Pradeep Pandya, while serving as an anchor for CNBC Awaaz, shared confidential information regarding upcoming stock recommendations with Alpesh Furiya and vice-versa," Sebi said in its final 55-page order. Alpesh Furiya, capitalising on this privileged information, executed trades through his own accounts and those of related entities, positioning himself to profit before the recommendations were publicly aired, it added.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential
While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.
Plea in SC seeks Centre, SEBI to submit report in Jun 4 stock market crash
A plea filed in the Supreme Court calls for a detailed report on the stock market crash following the election results, with losses reaching billions. The plea seeks action to strengthen regulations and protect investors, citing concerns over market volatility and lack of change despite previous directives.
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far
Foreign portfolio investors were as unenthusiastic in June so far, as they were in April and May when they offloaded shares worth Rs 38,158 crore. Domestic institutional investors, however, continued to repose their faith in D-Street and remained on the buying side.
RBI buys 1.5 times more gold in January-April than whole of 2023
The Reserve Bank held 827. 69 tonnes worth of gold as a part of its foreign exchange reserves as of April 26,2024, up from 805 tonnes as of end December according to the latest Reserve bank of India data.
GME Stock Forecast: Reliable stock price predictions for investors
GME stock set to hit $70 in May, reaching $64.83 on May 14th. Pikamoon surged 700% since March 2024 debut. Analysts predict $100 per GME stock. 2024 forecasts range $13.77 to $17.59. Ryan Cohen's e-commerce strategy crucial. Dogecoin's 2021 surge. Pikamoon's growth potential emphasized. Roaring Kitty's role noted.
Stocks to buy: Use Altman Z-score to select solid stocks; here are 5 stocks with upside potential of up to 34%
The Altman Z-score is derived from a blend of financial ratios extracted from a company’s balance sheet and income statement. Its formula incorporates variables like working capital, retained earnings, earnings before interest and taxes (EBIT), market value of equity, and total assets. Essentially, this tool amalgamates diverse financial ratios to assess the company’s operational strength, liquidity, solvency, profitability, and leverage. For a comprehensive financial stability evaluation, experts recommend using the Altman Z-score. Read here to find out.
Wire fire extinguishes! Polycab shares zoom 65% since January lows to fresh peak
Shares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 when the stock made headlines due to an IT raid. On Wednesday, the shares surged nearly 8% on BSE.
Nvidia sets monthly record with unprecedented market value surge in January
The world's most valuable chipmaker saw its market value expand by an unprecedented $296.52 billion to about $1.52 trillion, surpassing its previous high of $248.23 billion in gains seen in May 2023.
Stocks to buy: Consider stocks with strong analyst sentiments; 5 stocks with upside of up to 18.6%
Given the concerns over stretched valuations and a likely jump in volatility in an election year, it is important to consider the stocks that are favoured by experts. ET Wealth has identified stocks that have seen an improvement in the analysts’ sentiments between the start and end of the previous year.
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