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This is because the world economy slowed down, bringing high volatility to the stock market. This disturbed the sentiment of the primary and secondary markets affecting the pricing of stocks and discouraging promoters and private investors to come to the market for listing.

Barring HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation.

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Forgotten sectors made a last-minute comeback, and we learnt that we could lose money on good businesses if we overpay! It was a time to be dynamic and risk averse.

On a sectoral front, Consumer Durable sector was the biggest laggard, followed by sharp fall in IT, realty, FMCG and media counters. Only, Infra, telecom and oil & gas stocks were the only gainers.

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Based on the idea of Lynch, a custom screen made by MarketSmith emphasizes securities that are trading for below-average prices on a PE or PEG basis that are not already widely owned by institutions.

"Due to the fact that FIIs were net sellers for a significant portion of December, institutional flows will be another crucial trigger," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

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Brokerage firms have a mixed review on the company. A few suggest it is as a long term player citing its strong position in the duopoly market, whereas others suggest to keep off the issue citing rich valuations and complete OFS status.

Some investors were in a hurry to withdraw their assets from Binance as it processed $1.9 billion worth withdrawals in a single day. The exchange has, thus far, remained resilient though its native token, BNB, has dropped by 17% this week.

“Stick with SBI, BoB and CanBank among the largecaps in financials. As a disclosure, we were very bullish on PNB and Union Bank. That has more than doubled. We have taken some chips off the table but we still think there is room and one can continue to grow in the credit splurge which is going to take place.”

“We are overweight on financials. Within financials, we see a long-term, 3-5-year story of a good asset quality cycle. We are recommending people to get into places where stocks have remained cheap and we expect asset quality to stay good for multiple years and not just a single year cycle.”

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