Read more on what to bet on for taking cover from Fed’s tapering, the sectoral winners going ahead, key metrics’ warning for the smallcap space and much more in this week’s edition of ‘Long & Short of Markets’.
The market is getting increasingly stock-specific in nature. We recommend continuing to adopt a highly selective approach while approaching the markets. Select banks and pharma stocks are expected to show improved relative performance and some select mid-caps can do good as well. However, the market is unlikely to see any sector-specific dominant participant.
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Wednesday to discuss the previously agreed increase of 400,000 barrels per day (bpd) for the next several months.
Adult entertainment industry is taking a closer look at cryptocurrency payments in the wake of a series of troubles with the mainstream financial system, potentially propelling digital currencies into wider use.
The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million
As per the terms of the issue on payment of the issue price, subscribers need to pay 25% on application and the balance in two more additional calls as may be decided by the Board/ Committee of the Board from time to time based on the Company’s requirements within an overall time-horizon of 36 months.
If history must give us any indication, the second year of a bull market historically performs well. So, is it fair to assume that 2022 will see similar extension in rally?
Shrikant Chouhan of Kotak Securities said if the index stays above 16,650, the uptrend may continue up to the 16,825-16,950 levels. "A fall below this level may trigger temporary weakness till 16,375-16,300 levels," he said.
Vedanta Ltd on Saturday said its board will meet next week to consider and approve the first interim dividend for 2021-22. "...the board of directors of the company (the "Board") on Wednesday, September 1, 2021, will consider and approve the first interim dividend on equity shares, if any, for the financial year 2021-22," Vedanta Ltd said in a filing to BSE.
“We believe the IT services sector will deliver sustained growth, aided by robust demand for services such as cloud computing, IoT, business analytics, and other digital business and will gain further momentum in the long term.â€
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