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Tokyo shares drift lower

Updated at : 2024-06-20 09:20:02

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Tokyo stocks opened lower on Thursday as European shares drifted downward overnight, while the US market stayed closed for a holiday.

​Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.

Nitin Raheja says the faster the growth and the better the growth, the more the capital markets are likely to trend upwards. But there would be periods of consolidation. Structurally, if you look at where we stand and capital markets being a proxy for the GDP and growth, it is a good place to be in, it is a great way to compound money.

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Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures.

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The British pound was steady ahead of the Bank of England rate decision, while the dollar awaited market catalysts. Currencies traded in tight ranges post-US holiday, with focus on BoE, Swiss, and Norwegian central bank decisions.

Asian stocks hold on to gains; BoE in focus

Updated at : 2024-06-20 09:20:02

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Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.

Sensex reaches new peak, Nifty retreats. Riyank Arora suggests REC, Power Finance Corp, and Motilal Oswal stock strategies. Mehta Equities provides in-depth analysis for investors.

WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.

However, post-election results and allocation of ministries to various candidates, it is perceived that there will be continuity in policy making and reforms may continue as earlier. This is fuelling the optimism.

Buy DCB Bank, target price Rs 175: Motilal Oswal

Updated at : 2024-06-20 09:20:02

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DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 4301.69 Crore).

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