New Delhi: Despite strong volatility seen in sectors like metal, mining and pharma, global brokerage firms are bullish on select stocks from these pockets. Global brokerage Citi remains bullish on , maintaining a buy rating on the counter. However, it has slashed its target price to Rs 1,085 from Rs 1,800, signalling about a 25 … Read more
The stock market has been fascinating people from all walks of life. It’s not a one-way escalator. Everyone doesn’t hit the jackpot, nor does everyone become bankrupt! Winners are those who know when to go all in, and when to fold. While stock prices change constantly based on news and market buzz, traders are the … Read more
Despite running India’s largest brokerage house, Zerodha founder Nithin Kamath has one regret. He has not been able to help his father, a retired executive from , to consolidate his investments and help him get rid of duds in his portfolio. The reason is that investments in stocks, mutual funds and insurance are spread across … Read more
Nifty50 plunging 500 points intraday on Monday made investors wonder where the bottom lies for the NSE barometer. Technical charts hint at some support at 15,670, followed by the 15,400 level, but analysts do not rule out a revisit of sub-15,000 levels. Fundamentally, while analysts believe it is futile to predict a bottom at this … Read more
An eye-popping $17 billion wipeout in market value has made Life Insurance Corp of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO now ranks second in terms of market capitalization loss since listing, according to data compiled … Read more
Wary of the scenario on the global and domestic fronts, foreign investors continued to withdraw from Indian equity markets and pulled out close to Rs 14,000 crore in this month so far. With this, net outflow by foreign portfolio investors (FPIs) from equities reached Rs 1.81 lakh crore so far in 2022, data with depositories … Read more
All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking regime. Anthony Saglimbene, global market strategist at Ameriprise Financial, joins this week’s “What Goes Up” … Read more
The stock market hasn’t provided much joy, bonds have been a source of considerable pain and inflation is troubling. But at last there is a glimmer of good news for people who need a place to park their cash: Money market mutual funds are finally beginning to pay a little interest. These funds are a … Read more
With multiple global macro headwinds creating a perfect storm for the domestic equity market, almost 85 per cent of PMS funds, used by HNIs to park their surplus funds, failed to beat Nifty in May. Only one recently-launched PMS scheme managed to eke out a return out of over 280 schemes on offer. Green Portfolio’s … Read more
“For the coming weeks, 16900 – 17200 might be a strong hurdle since they are the 50% and 61.8% retracement level of the entire fall from 18100 to 15700,” says Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “The immediate support is placed at … Read more