The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia‘s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more
New Delhi: The central government’s fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 … Read more
Brokerage Investec upgraded Marico to a buy from hold, Jefferies maintained a buy rating on Godrej Consumer, JPMorgan maintained an underweight rating on Gujarat Gas, and a neutral stance on Lupin. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Marico: Buy| Target Rs 616 Investec … Read more
Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts. That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will … Read more
MUMBAI – Bloomberg Index Services has proposed to include Indian bonds under the fully accessible route (FAR) in its emerging market local currency index. This comes four months after JPMorgan said it would include India bonds in its Global Bond Index – Emerging Markets, starting June this year. “Under the proposal, inclusion of India FAR … Read more
JPMorgan Chase & Co. will likely include India’s sovereign bonds on its indexes next year as investment hurdles get resolved, one of Europe’s biggest asset managers said. “According to our meeting with the index provider, India is keen on that inclusion even though it may not appear so to the outside,” Sabrina Jacobs, a senior … Read more
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year, the lenders reported Friday. The largest bank in the nation, JPMorgan Chase & Co., led the way with $14.5 billion in profit, helped by growth virtually across the … Read more
“With the China market flattening out and even actually falling, there was a shift in investor attention from North Asia to India. So, this confluence, low valuation, improving macro, better relative position has created that momentum in the market,” says Sanjay Mookim, JPMorgan.How would you start with the current market setup if you have to … Read more