Latest Stock Market News

"We rely on a data driven approach to select stocks. With years of research experience in constructing factor based portfolios, we have been able to help our investors tide these volatile times. Over the last couple of years, we have been investing heavily in expanding our capability in AI-ML research for capital markets."

The stock has formed a bullish piercing candlestick formation near an important retracement zone which suggests that the uptrend is likely to resume.

“If you are a long-term player with a slightly contrarian view, then corrections like this in a good business certainly is an opportunity to buy. But when it comes to consumer durables, a better way to play would be through the contract manufacturers. We have Amber Industries which is a play on air-conditioning and there is Dixon as well which is also a play on consumer electronics and consumer durable.”

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 98456.90 Crore) operating in FMCG sector.

The decline in the consumer goods segment is more pronounced in rural areas, and companies said demand could recover in the second half of the financial year due to moderation in inflationary pressures and normal monsoon although it will depend on the kharif output.

Tarun Pathak, research director at market tracker Counterpoint Research, said profitability took a hit in India due to the high base effect of previous year when pent-up demand was super high, high component costs amidst shortages and overall macroeconomic challenges. The overall demand environment in India has continued to remain stressful last fiscal due to repeated Covid waves and inflationary pressure on consumer wallets.

Titan, Cipla, Britannia, Marico, InterGlobe Aviation, GAIL, TVS Motors, Tube Investment of India, Cummins, Solar Industries, IDFC First Bank, ABFRL and Escorts are among the companies that will announce their results for September 2022 quarter today.

PayPal posted a lower adjusted profit of $1.08 per share for July-September. Analysts had expected a profit of 96 cents a share. The company said it expects $900 million in cost savings this year and at least $1.3 billion next year.

The more defensive tone of trading is in contrast with some bullish activity in the options market prior to the Fed meeting as investors worried about missing out on a rally.

While the Federal Reserve raised interest rates by three-quarters of a percentage point this week and signaled that it may be nearing an inflection point in its aggressive monetary policy tightening campaign, Fed Chair Jerome Powell was quick to dampen hopes of a potential pivot, adding that it was "very premature" to discuss when the Fed might pause its increases.