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The Nifty remains just 573 points from its all-time peak of 18,887.60 thanks to foreign institutional investors (FIIs) pouring over INR23,000 crore into Indian stocks so far in May. Despite their positive influence, investors remain sceptical over interest rate movements, particularly linked to the uncertainty of demand slowdown in China and recession fears in the US. This week will see market participants react to macroeconomic data and global cues, along with monitoring big names such as Bharti Airtel, SBI and ITC endorsing Q4 earnings season.

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Last week, the Adani Group had said that it was considering a plan to raise funds in three group companies - Adani Enterprises, Adani Green Energy and Adani Transmission. ET had reported on May 12 that the group was considering a sale of fresh equity in the above companies to raise up to $2.5 billion.

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New mothers should start saving a portion of their salary, ideally around 25%, to assure a secure financial future for themselves and their children. They can channel this saving into ULIPs, mutual funds, and the New Pension Scheme to enjoy their spending and build a nest egg. Additionally, they can reduce debt, get insurance, invest in sovereign gold bonds, diversify their investments, and invest in retirement to ensure financial stability in the long term. Teaching children the value of money, keeping hobbies, and investing in SIPs can also be helpful.

Rajesh Palviya of Axis Securities says that automobiles can continue further upward momentum as most of the stocks have displayed a breakout on the daily as well as on the weekly time frame. From the automobile space, one can look at Mahindra & Mahindra. Stock has shown good recovery in the last couple of weeks and looking at the overall setup, we believe that M&M can continue further upward momentum.

Three bank stocks Rahul Shah is bullish on

Updated at : 2023-05-13 20:35:01

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According to Rahul Shah, VP-Equity Advisory, MOFSL, there could be a stock specific market from here onwards which is what is happening in spite of the straight 11 days and the FIIs buying.

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SBI Mutual Fund added Infosys, Bajaj Finance while reducing stake in Axis Bank.

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Indian equity markets have rebounded following underperformance in the first quarter. The Nifty50 has increased over the past two months, gaining around 950 points or 5.5%. Despite the Reserve Bank of India’s move to halt its rate-hiking cycle, the real threat to Indian equities comes from global headwinds affecting inflation. Analysts believe it may be a "stock-pickers market" and investors should place emphasis on robust business models and low debt, as well as strategic allocation. Experts recommend a ‘perfect balance’ should be maintained, unique to each individual’s risk appetite.

Edelweiss Mutual Fund, HDFC Mutual Fund, and Motilal Oswal Mutual Fund have acquired shares of iron ore producer NMDC Steel in April. The combined stake of mutual funds in the company amounts to 3.97%. Besides, Aditya Birla Sun Life Business Cycle Fund also has 1.07% stake in the company. Retail investors own nearly 12%. Technical analysts suggest that the stock is showing positive momentum on the charts, but there is stiff resistance around Rs 39-40 levels. Price faces resistance at 39-40, and the stock needs to break above 40 on good volumes and good quality candles for a rally to 48-58.

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FMCG, a defensive sector, is resilient during turbulent times, making it an insurance for portfolios. To battle inflation, FMCG companies resorted to price hikes and reduction in grammage, which affected volume growth but preserved value. With disinflation, companies have paused price hikes, and cheaper raw materials have normalized margins, aiding volume growth.

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