Latest Stock Market News

The prevailing positive global sentiment is set to drive equities further up in the coming week, but some analysts recommend adopting a cautious approach. “With benchmark indices touching 52 week highs and the Nifty Bank index touching new all time highs, we remain cautiously optimistic, advising investors to be agile and aware of the recent and upcoming macroeconomic events in order to make dynamic decision-making both ways,” said Anmol Das, HoR, Teji Mandi.

“Long-term investors definitely need to look at sectors that are poised in terms of strong earnings growth and two sectors that come out strong are BFSI and auto. These two sectors have single-handedly driven the bulk of earnings growth in the current quarter. The BFSI segment is at the beginning of the credit growth cycle. There is a long runway ahead.”

“I am not saying that we are out of the woods but I am clear that inflation will be on its way down and the Fed will pause at around 5%. If we have an inflation target of 4%, I think that is where we will probably land up going into the first half of next year.”

Rate this item

(1 Vote)

​"The auto space, even two-wheelers, are showing better numbers of late. So, auto, auto ancillaries could possibly be the ones where one could train her focus for the next six months largely because of the fact that they are beaten down available at a comparatively lower price to its previous highs. Opportunity- wise, I think the situation is getting better as far as auto is concerned."

"Stocks like JSW Steel, Jindal Steel, Tata Steel have done well in the last couple of weeks and looking at the set up we believe that another 4% to 5% rally we can witness in the coming trading session."

RITES Sept quarter PAT drops 20% to Rs 140 cr

Updated at : 2022-11-12 18:20:01

Rate this item

(1 Vote)

"The results reiterate our core strength and the USP (unique selling point) of having a diversified business portfolio," Chairman and Managing Director Rahul Mithal said.

Similarly, Lockheed Martin shares also ended 5.5% down after an imposter said the company will begin halting all weapon sales to Saudi Arabia, Israel and the US until further investigation into their record of human rights abuses.

‘Some of the beaten down banks are better off’

Updated at : 2022-11-12 18:20:01

Rate this item

(1 Vote)

​"The auto space, even two-wheelers, are showing better numbers of late. So, auto, auto ancillaries could possibly be the ones where one could train her focus for the next six months largely because of the fact that they are beaten down available at a comparatively lower price to its previous highs. Opportunity- wise, I think the situation is getting better as far as auto is concerned."

Gold climbs Rs 294; silver rises Rs 638

Updated at : 2022-11-12 17:20:01

Rate this item

(1 Vote)

"MCX Gold December future has surpassed the crucial resistance of Rs 52,100 and headed towards the next target of Rs 52,600," said Vinay Rajani, Research Analyst at HDFC Securities.

The company, earlier known as Ruchi Soya, said the quarter witnessed multiple headwinds in the edible oil segment

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.