ECONOMIC ANALYSIS
Geo-political tension remains a strong tailwind for gold. Buy yellow metal on dips
Spot gold prices surged this week, recovering from recent losses, as escalating tensions between Russia and Ukraine fueled safe-haven demand. Despite mixed economic data, geopolitical concerns, including Russia's test of a new ICBM, pushed gold to a record high in euros. Analysts remain bullish, suggesting dips in the market present buying opportunities amid ongoing global uncertainty.
F&O Talk| Markets lack follow-through, cautious optimism amid uncertain momentum: Sahaj Agrawal of Kotak Securities
Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
Mapping the bull market: Insights into bitcoin¡¯s position in the cycle
Bitcoin's recent surge to near $100,000 has reignited investor interest. This rally is driven by the halving cycle, which historically triggers significant price increases. Retail investors are returning to the market, attracted by the potential for high returns. However, it's crucial to remember the inherent volatility of the crypto market and conduct thorough research before investing.
Indian Hotels shares trade at all-time high. Can the rally defy market gloom?
Indian Hotels shares hit an all-time high, backed by positive technical indicators and strong management plans. Analysts forecast further gains, targeting Rs 800-882, though caution is advised due to overbought levels.
F&O Stock Strategy| How to trade Federal Bank and SRF
Indian markets opened higher today, but Adani Group stocks continued to fall after fraud charges against Gautam Adani. Federal Bank hit all-time highs with strong buying interest, while SRF shows bearish signals after a trendline breakdown.
Stock Radar: 100% rally in a year! This pharma company takes support above 50-EMA; time to buy the dip?
Piramal Pharma's stock, after reaching record highs, experienced profit-taking but is showing signs of a bullish comeback. Experts suggest buying the stock, citing its rebound from the 50-day EMA and strong trading volume, with a potential target of Rs 280-286 in the coming weeks.
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Gold Price Today: Yellow metal prices extend rally, gain Rs 3,100/10 in 5 days, silver up by Rs 1,600/kg
Gold and silver futures opened higher today, with gold gaining 0.42% and silver rising 0.14%. Geopolitical tensions and a strong US dollar influenced precious metals, though market volatility persists.
Stock Radar: Down over 20% from highs! Macrotech Developers break out from inverse Head & Shoulder pattern; time to buy?
Macrotech Developers stock shows signs of a potential upward trend. The stock recently broke out from a specific pattern, indicating a possible reversal of its previous downward movement. This presents a buying opportunity for short-term traders. Analysts suggest a target price range for the stock in the coming months.
F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish to range-bound stance
The Nifty index experienced volatility, closing lower after erasing early gains. Analysts suggest weakness may persist, with support levels at 23,350 and 23,200. A Bear Put Spread strategy is recommended to capitalize on the anticipated downward movement.
Capex companies will face a longer winter than consumer companies: Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, believes that while the Indian market has faced difficulties, a reversal is underway. He sees positive signs in retail sales, particularly in sectors like two-wheelers, appliances, hotels, and aviation. However, he cautions that capex companies may experience a slower recovery due to limited government spending.
Stock Radar: Coforge making higher lows for past 6 months; hits fresh record high in November; time to buy?
Coforge Ltd's stock has been soaring, hitting higher highs and lows since May. Experts suggest the rally might continue, with a potential target of Rs 8,450 in the coming weeks. The stock's strength is evident in its consistent upward trend and ability to bounce back from dips.
Markets weak; caution advised amid potential rebound and selling pressure
The market is currently in a weak undercurrent, with a potential for a technical rebound. However, sustained selling pressure cannot be ruled out. The market breadth remains weak, and leveraged exposures should be curtailed. A cautious approach is advised for the coming week.
SEBI study: 1 out of 4 times listed companies paid royalty exceeding 20% of their net profits to related parties
A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making ones.
Stock Radar: Bata India showing signs of bottoming out after 20% fall from highs; time to buy?
Bata India Ltd's stock shows potential for a rebound after finding support at the lower band of a falling wedge pattern. Technical indicators, including a positive RSI divergence, suggest a possible upward move towards Rs 1,385-Rs 1,450, according to analysts.
F&O Stock Strategy: How to trade Siemens and Ramco Cements
Indian equity indices opened lower due to a rise in October retail inflation, dampening hopes of a rate cut. Analyst Sudeep Shah recommends selling Siemens stock due to a bearish flag breakdown and accumulating Ramco Cement stock due to a trendline breakout.
Stock Radar: This Rs 13.5 lakh crore Mcap Sensex stock is hovering near record highs; should you buy this private sector lender?
HDFC Bank is showing positive signals for traders. The stock is consolidating near its breakout point and experts suggest it is a good time to buy. A price target of Rs 1,950 is predicted in the coming months. Traders should keep an eye on the stock's movement and consider accumulating it. A stop loss below Rs 1,690 is advised.
Big movers on D-Street: What should investors do with Hindalco, ONGC and Asian Paints?
Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
RIL shares slide 7% in a month. What¡¯s lies ahead for India¡¯s largest co by market cap?
On the charts, the stock has been in a downtrend since peaking around the Rs 1,610 level and is currently positioned below its 200-day exponential moving average (DEMA). In September, the price entered a consolidation phase, followed by a death crossover on October 1, when the 10 DEMA crossed below the 20 DEMA.
European shares open higher at start of data-packed week
Later this week, inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP would remain in focus.
Dollar braces for US inflation data and several Fed speakers
The US dollar strengthened as investors awaited US inflation data and speeches from Federal Reserve officials. Meanwhile, the Chinese yuan weakened due to disappointing stimulus measures from Beijing. The Australian and New Zealand dollars also declined because of their exposure to the Chinese economy.
Dollar on track for weekly gain after Trump election win
The dollar strengthened against major currencies, heading for a weekly gain as investors assessed the potential impact of Donald Trump's surprise election victory on the U.S. economy. While Trump's policies are expected to boost growth and inflation, uncertainty remains over their implementation. Market volatility reflects this uncertainty as investors await policy details.
RIL shares fall 2% after 11.9 lakh shares change hands in a block deal
RIL Share Price: Reliance Industries' shares dipped 2% following a block deal involving 11.9 lakh shares. The company's market value has shrunk by nearly $50 billion since July, attributed to a decline in earnings and a slowing economy. Despite issuing bonus shares recently, the stock has struggled, with a 5% drop in consolidated net profit for the latest quarter.
Polling Nostradamus Allan Lichtman on why he went wrong on his prediction for U.S elections 2024
Allan Lichtman, the renowned historian famous for predicting nine out of the last ten presidential elections, faces a shocking twist in the 2024 race. His trusted "13 Keys" model projected a narrow victory for Vice President Kamala Harris, but instead, former President Donald Trump made a stunning comeback, reclaiming the White House.
Trump policies may result in lower growth globally; India likely to be relatively better off: Sonal Varma, Nomura
Nomura's Chief Economist, Sonal Varma, predicts that while a second Trump term will likely hinder global economic growth due to increased tariffs, India might emerge as a surprising beneficiary. Varma suggests that India's domestic demand-driven economy and potential gains from supply chain shifts, particularly from China, could cushion the impact.
Big movers on D-Street: What should investors do with Tata Steel, Apollo Hospitals and Delta Corp?
Indian stock markets surged over 1% on Wednesday, propelled by Donald Trump's US election victory. Analyst Priyank Upadhyay recommends buying opportunities in Tata Steel and Apollo Hospitals, citing technical indicators suggesting upward momentum. However, he advises a cautious stance on Delta Corp until a stronger bullish signal emerges.
US trade deficit widens sharply in September
The US trade deficit increased significantly in September. Businesses increased imports to satisfy strong domestic demand. They also anticipated higher tariffs on products. The trade gap reached $84.4 billion, up from $70.8 billion in August. Exports also declined during this period. The economy expanded at an annualized pace of 2.8% in the third quarter.
RBI MPC meeting: India's real GDP growth for FY25 retained at 7.2%, Governor Das says
The Reserve Bank of India's Monetary Policy Committee (MPC) continues to forecast a 7.2% growth rate for the Indian economy in FY25, although the GDP growth target for Q2 FY25 has been slightly reduced to 7% from 7.2%, while Q3 has been increased to 7.4%.
Is Biden¡¯s economy overstimulated? Not compared with Trump¡¯s
Joe Biden's presidency experienced stronger economic growth compared to Donald Trump's, with a 3.1% annualized GDP increase versus Trump's 2.1%. Despite the pandemic's distortions, fiscal and monetary policy impacts were mixed, but not overwhelmingly favorable to Biden. The U.S. continues to navigate high deficits and shifting monetary policies.
US consumer spending rises moderately in August; inflation slows
U.S. consumer spending saw a moderate increase of 0.2% in August, indicating sustained economic momentum in the third quarter. Inflation pressures continued to ease, with the PCE price index rising just 0.1%. Higher wages and savings are expected to support consumer spending for the rest of the year.
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