Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended … Read more
Digant Haria, Co-Founder, GreenEdge Wealth, says “if FII flows reverse meaningfully, then who is to say that 24,000 will not be breached? But, looking at the US and Europe, looking at the way inflation is getting stickier and stickier in those economies, it is difficult to think that we may have a runaway rally when … Read more
On the back of $10 billion-strong support by foreign institutional investors or FIIs in the first quarter of FY24, bulls are having a dream run on Dalal Street with Nifty up around 12% in the last 3 months. June expiry data shows Nifty rollovers increased to 76.1% as against 70.6% in the previous expiry. In … Read more
A recession will torpedo stocks. Or banking turmoil. Or a government default, or falling earnings, or a too-aggressive Federal Reserve. Doom-saying is never in short supply when stocks are rallying. Lately, it’s reached fevered levels. Could all the pessimism be revving up price action that just pushed the S&P 500 to its highest level in … Read more
“Finance Minister Nirmala Sitharaman presented a surprise-free Budget for FY23-24, aimed at driving economic growth in a global scenario, where a recession looms for most of the large economies,” says Gurmeet Singh Chawla, Director, Master Capital Services Limited. In an interview with ETMarkets, Chawla said: “One of the sectors that can possibly offer high returns … Read more
NEW DELHI: Dancing to the wild tunes of the international markets, Sensex rallied over 1,276 points on Tuesday in a roller-coaster ride after Monday’s 638-point crash and left Dalal Street investors wondering whether the upside was more than a case of dead cat bounce. After strong September sales data reported by passenger vehicle manufacturers, banks … Read more
NEW DELHI: Nifty50 on Monday reclaimed the 18,000 mark and formed a bullish candle on the daily chart, after making indecisive candles in the previous two sessions. Analysts said the index has come out of a range and some more upside is possible. They, however, expect Nifty50 to see strong resistance in the 18,200-18,400 range. … Read more
By Lu Wang The relentless rally in US equities has driven bears almost into extinction. But to say bullishness is ubiquitous would be a stretch. From options trading to stock preferences to the direction of retail money flows, signs of trepidation are budding in a market where $27 trillion has been added to equity values … Read more
Back in May, a Reddit poster hit WallStreetBets with a sure-thing tip on Scorpio Tankers Inc. The oil shipper, trading at one-fifth the value of its assets, was a screaming buy with storage rates soaring, insiders leveraging up and oil vaulting back after briefly going negative. There’s an opportunity to see “100% returns within the … Read more