SPX
Modern markets demand more than historic valuations. A new era emerges
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
Why interest rates are the new risk in town
Housel’s statement too, while equally dramatic, has a sense of truth in it. The US 10-year yield did decline (almost) secularly from its peak of 15% in 1981 to nearly zero in 2020!
I am getting a déjà vu of 2003-2008 bull market; we look set for an ‘industrial revival’: Atul Suri
“I think we are set for an industrial revival and as I keep telling people, it may sound a bit boisterous, but I get a déjà vu feeling of the 2003-2008 bull market because the sectors and themes that are moving are very similar to what had happened then. We are extremely overweight are: electrical equipments, capital goods, infrastructure. ”
Asian stocks mull over Middle East, central bank meetings
The earnings season also continues with Apple, Airbnb, McDonald's, Moderna and Eli Lilly & Co among the many reporting this week. Results so far have been underwhelming, contributing to the S&P 500's retreat into correction territory at 4,117.
Traders are risking it all on bets that market boom will last
All the optimism has sent the S&P 500 to the brink of its sixth advance in seven months and pushed prices in the Nasdaq 100 to almost 35 times profit. It’s manna for bulls — even as it leaves them with precious little wiggle room should anything in the economy or monetary policy not unfold as hoped.
ETMarkets Smart Talk: Sensex hits record highs! We continue to favor infra, capital goods, BFSI, and auto sectors: Sunil Garg
While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.
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Dalal Street Week Ahead: Steep up move unlikely until Nifty crosses 18,350-18,500 zone
The Indian equities ended the week on a negative note, diverging slightly from global markets. The trading range widened as Nifty oscillated in a 398-point range, facing resistance in the 18,350-18,500 zone, whereby no runaway rally can be expected unless this zone is taken out. Derivative data shows next week will be influenced by expiry and rollover-centric activities. Nifty Realty, NiftyBank, Consumption, and Financial Services indices are inside the leading quadrant, which are expected to show relative outperformance against the broader Nifty 500 Index.
First Republic collapse sparks sector-wide regional bank shares sell-off
The collapse of First Republic Bank, the third major casualty of the US banking sector since 2008, has led to the fall of shares of regional lenders. The KBW Regional Banking Index was down nearly 1%.
Wall Street examines risks around short-dated options as warnings rise-sources
The Futures Industry Association (FIA), a trade group that includes major Wall Street players as well as the OCC as members, invited OCC to participate in a call about 0DTE at a meeting on March 1, both the OCC and FIA confirmed. Members of the FIA include the major banks on Wall Street.
Ahead of Market: 10 things that will decide stock action on Monday
Technically the structure is still bullish and Nifty stands at the strong polarity support, failing to hold which the index is likely to see a further correction towards 17,650 – 17,500 zones. Only a sustained close above the 18,200- 18,250 zone is likely to trigger bullish momentum toward 18,450 – 18,500 levels,” Rohan Patil, Technical Analyst, SAMCO Securities, said
Global stocks soar after US jobs data pare rate bets
The MSCI All-World index jumped 1.3%. On Wall Street, the S&P 500 .SPX climbed 1.5%, the Dow Jones Industrial Average leapt 1.6% and the Nasdaq Composite rose 1.3%
Ahead of Market: 10 things that will decide D-Street action on Tuesday
The MACD showed bearish signs on the counters of SAIL, Indiabulls Real Estate, Coffee Day, Hindustan Copper and HDFC Life Insurance, among others
Sensex at 80K next year? Why Ridham Desai is confident chaos will lead to growth
“In 2023, as we head into the second half, the market will start making a call on the elections and start pricing that in. So either market participants will change their portfolios depending on what they think is going to happen or purchase a lot of hedges. Something will happen and the second half of next year will be trading around elections rather than earnings.”
D-Street Week Ahead: Expect high volatility in holiday-truncated week
The past five sessions saw the index trading in a range of 572 points which was wider than what was seen over the past few weeks. While staying and closing above key supports, the headline index ended with a net gain of 391 points (+2.27%) on a weekly basis.
Jeffrey Gundlach says bonds ‘wickedly cheap’ than stocks, shows way to earn high returns
American businessman Jeffrey Gundlach has said that bonds are ‘wickedly cheap’ when compared to stocks. The entreprenuer has also shared a way to get high returns without much risk.
2004 revisited? Next up move to take Nifty to 21,500; we are set for a buy-on-dips market, says Atul Suri
“The way the current technicals are shaped up, the next up move will take us to 21500 but as I told you that the way I am seeing the themes internally I am getting a 2004 deja vu moment. The leadership sectors now are not the ones that have done well for a decade. In fact, they have been the more defensive places.”
Wall Street opens higher as tech stocks rebound, oil drops
The Dow Jones Industrial Average (.DJI) rose 36.28 points, or 0.11%, at the open to 31,827.15. The S&P 500 (.SPX) opened higher by 14.51 points, or 0.36%, at 4,000.67, while the Nasdaq Composite (.IXIC) gained 89.42 points, or 0.75%, to 11,972.56 at the opening bell. Weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.
Ahead of Market: 10 things that will decide stock action on Monday
“The 16,000 mark is crucial not just from a sentimental or psychological point of view. It is also a very crucial support level as it is the 50-day DMA (daily moving average) of Nifty. The long-term and the medium-term outlook of the market would be positive till the time it is above 16,000. A breach below that level would give bearish signals.
Wall Street ends down, pulled lower by growth stocks
All three indexes are on course to notch two straight quarterly declines for the first time since 2015. They also appear set to post losses for June, which would mark three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015.
Choice Hotels confirms acquisition of Radisson Hotel Group Americas for $675 million
Choice Hotels International on Monday announced the acquisition of Radisson Hotel Group Americas for $675 million. This is one of the biggest deals in the hospitality sector in the US this year. The deal is expected to get closed in the second half of 2022.
Asian stocks wobble, dollar firm as markets wary before key US inflation data
Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three year high ahead of U.S. inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.
Options mavens see stock rebound as chance to pick up downside protection
Some options strategists say the recent gains could be fleeting and are advising clients to buy hedges against volatility, which have become cheaper in recent days as demand for portfolio protection has ebbed.
Wall Street slumps in broad swoon to end bumpy week
At the end of a volatile week, indexes had opened higher after Russian President Vladimir Putin said there were "certain positive shifts" in talks with Ukraine, without providing any details, but stocks then faded during the session. S0N2UZ01V
Covid Delta upsurge keeps stock and commodity bulls in check
Markets are also jittery at the start of an eventful week that will see the US second-quarter earnings season kick off, the release of inflation data in several countries, and testimony by Federal Reserve Chair Jerome Powell which will be scrutinised for any talk of tapering.
Dollar claws back losses as Trump takes narrow early lead in Florida
"If Biden won Florida, he was almost certain to win the entire race but uncertainties seem high and we are seeing a correction in risk-on trades," said Yujiro Goto, head of FX strategy at Nomura Securities.
Paharpur buys SPX cooling tech business for Rs 320 crore
Kolkata-based cooling tower manufacturer Paharpur Cooling Towers has acquired Brussels-based SPX Cooling Technologies Inc's dry cooling business.
Global central bankers still a long way off from tightening monetary policy
Global central bankers led by Federal Reserve officials said they are still a long way off from tightening monetary policy.
Paharpur Cooling Towers may acquire SPX cooling business for $500 mn
Paharpur Cooling, is in talks to acquire the cooling business of SPX Corporation, a $5 bn industrial equipment and manufacturing giant from US.
Further monetary easing remains an option: Federal Reserve
Several members of the Federal Open Market Committee said new actions could be necessary if the economy loses momentum.
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