Sustainable recovery unlikely; short these five stocks are current levels: Ravi Singh, ShareIndia

The BSE Sensex lost about 3,000 points to close at 51,360, whereas the Nifty50 index plunged close to 990 points to settle below the 15,300 mark during the week. Both indices are a little shy of entering the bear zone. According to the market experts, the aggressive rate hikes by the US Federal Reserve and … Read more

Like in past, will markets rise soon after Fed move?

Markets across the globe took a hammering on Thursday after the US Federal Reserve raised its key interest rate by 75 basis points, the highest since 1994. Historical data however show markets have recovered over three to six months after the rate increases. Since 2015, the Fed has increased interest rates 11 times, excluding the … Read more

Nifty50 is set to test 17000 on the upside in the coming weeks: Gaurav Ratnaparkhi

In an interview with ETMarkets, Ratnaparkhi said: “Structurally, the Nifty50 is set to test 17000 on the upside in the coming weeks, and the bullish stance will hold true as long as Nifty trades above 16400.” Edited excerpts: A strong week for markets where bulls pushed the benchmark indices higher by over 2% each. What … Read more

JM Baxi plans to file for Rs 2,500 crore IPO, soon

Mumbai: Integrated logistics firm JM Baxi plans to file initial document for its planned ₹2,500-crore IPO this month, said its managing director Dhruv Kotak. The company is part of the 106-year-old JM Group which operates container terminals, container freight stations and inland container depots. It also offers shipping agency services. “Somewhere around the end of … Read more

Dalal Street Week Ahead: Any technical pullback that may happen will remain limited in its extent

In a week that was truncated due to a trading holiday on account of Eid, the Indian equity markets traded weak for the most part of the shortened 4-day trading week as it ended in the red for three out of four sessions. Among these, the last trading day on Friday remained particularly weak. The … Read more

Euro inches up after Macron’s victory, gains against bruised sterling

HONG KONG: The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday’s close, but couldn’t break far … Read more

Use Nifty Equal Weight, diversify rebound bet

Mumbai: Investors eyeing a diversified large-cap portfolio, benefiting from a broad-based earnings recovery and with low concentration in individual stocks, can consider an investment in the Nifty 50 Equal Weight Index. The Nifty 50, one of the most widely followed indices, assigns weights to stocks based on free-float market capitalisation. By contrast, the Nifty 50 … Read more