PRODUCER PRICE INDEX
Defence stocks: Better to own one or two, or a whole basket? 18 stocks from the defence ecosystem
Given the evolving situation at the India-Pakistan border, defence stocks are again in the limelight. In the last 10 years, the government’s defence policy has been focused on indigenous production and supply chains. That policy push has meant that there are many private companies in the defence space that have grown in size. It is likely that, even if we don't see a flare-up at the border, the underlying tensions will continue; and that means the defence policy push will continue as is. But rather than focusing on one or two stocks, it is perhaps better to own a whole bucket of stocks.
Tariffs are bad for EVs, but some models may have a leg up
President Trump's proposed tariffs on imported auto parts could significantly impact the electric vehicle market. While potentially benefiting some U.S.-made EV models like Tesla's Model Y and Volkswagen's ID.4, the tariffs risk raising prices for all vehicles and hindering EV manufacturing, potentially ceding ground to Chinese automakers.
Hong Kong listings show market active as tariff turmoil slows other regions
Hong Kong's equity markets remain active despite global trade tensions. Two companies are set to launch stock listings. They aim to raise a combined $270 million. Hainan Drinda New Energy Technology seeks up to $234 million. Auntea Jenny, a tea drinks company, plans to raise up to $35 million. These deals proceed even as the Hang Seng Index experiences fluctuations.
Wall Street ends higher on hopes of trade war de-escalation
Wall Street shares saw gains on Wednesday. There is optimism about US-China trade talks. Donald Trump said he would not fire Jerome Powell. This eased market worries. First-quarter earnings season is in progress. Tesla shares rose despite a profit drop. Boeing's shares increased after reporting a smaller loss. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rose.
April private sector activity at 8-month high
India's private sector experienced a significant surge in activity, reaching an eight-month high of 60 in April, fueled by a sharp increase in new export orders. The HSBC survey indicates robust growth in both manufacturing and services, with export orders growing at their fastest pace since September 2014.
India April business growth hits 8-month high as export orders surge, PMI shows
India's private sector experienced robust growth in April, reaching an eight-month high, driven by strong demand and a surge in foreign orders, particularly for manufactured goods. The manufacturing sector saw significant expansion, fueled by increased export business, while the services sector also contributed to the overall positive momentum.
Nifty likely to extend rally, may rise 4% by mid-May: Axis Securities
Axis Securities analyzed market trends after previous instances where the Nifty posted a five-day return of 7.7% or more. The data showed that in the following three sessions, the index averaged a 1.2% gain with an 80% success rate.
Will the bulls be able to make a full comeback? 8 mid-cap stocks from different sectors with an upside potential of up to 53%
To make money on the stock market, this is an essential character trait. You need to be contrarian. Of course, this is easier said than done. Cast your eye back to September 2024. There was no bear in sight and nobody spoke about valuations. Today, after a brutal correction, not many bulls are visible; valuations, however, have cooled. Now, with the bulls likely to return, investors will face a dilemma. Buy fresh stock or average out stocks bought last year when the bulls ruled? The answer to this is not as simple as it might appear.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
Why is President Trump gunning for the chair of the US Fed? Probably because he knows that his tariff war is bound to lead to inflation and he wants the US Fed to take pro-active measures, such as cutting interest rates. While that battle will continue, the question to ask is: What does a decline in US interest rates mean for us? It would mean a drop in the Dollar Index and some more money flowing to emerging markets. That’s bullish for India. So which stocks to focus on? Perhaps large-caps, as the six months of correction has brought many of them to a level where probably there is some comfort.
GIFT Nifty up 10 points; here's the trading setup for today's session
In the upcoming week, all eyes will be on the earnings with companies like HCL Technologies, Axis Bank, Hindustan Unilever, and Maruti are scheduled to announce their quarterly results.
Weather-hit veggies and fruit put food inflation on the boil in FY25
Soaring fruit and vegetable prices significantly impacted household grocery bills in FY25, driving food inflation due to extreme weather disrupting supplies. While overall inflation decreased, food inflation remained high, with vegetables contributing substantially.
IT rout pushes Nifty below 23,400; Sensex drops over 300 points
Indian benchmark equity indices opened lower on Thursday, weighed down by IT stocks following Wipro's revenue decline forecast amid tariff concerns. The BSE Sensex fell by 0.39%, and the Nifty50 slipped by 0.49%. This downturn was further influenced by US Federal Reserve Chair Jerome Powell's warning about the risks of tariffs on growth and prices.
BHEL shares in focus after tech pact with BARC to cut green hydrogen costs
BHEL shares: According to data from Trendlyne, the stock has an average target price of ?213, suggesting a potential downside of around 6% from its current market level. Among 18 analysts covering the stock, the overall consensus is a ‘Hold’ recommendation.
GIFT Nifty down 140 points; here's the trading setup for today's session
Support is now placed at 23,300, and a positive sentiment is likely to prevail as long as it remains above this level. A decisive fall below 23,300 might trigger a correction towards 23,150/23,000. On the higher side, resistance is visible at 23,650.
Gold price predictions: Gold rate goes up to historic height. Experts raise rates for 2025
Gold price today spiked again. Bullion experts have predicted that rates will further go up.
Wholesale inflation eases to six-month low
India's wholesale price inflation saw a significant drop to a six-month low of 2.1% in March, primarily driven by lower food prices. The decline is attributed to benign food prices and a decrease in energy and mineral costs. Experts anticipate WPI inflation to remain at these low levels, with positive effects from low commodity prices and satisfactory rabi output.
US stock futures muted as investors assess scope for more tariff exemptions
U.S. stock index futures were subdued on Tuesday, as investors tried to gauge the possibility of a tariff relief for the auto sector after President Donald Trump hinted at more exemptions.
India's wholesale inflation slows to four-month low of 2.05% in March
India’s wholesale inflation eased to 2.05% in March, down from 2.38% in January, falling below economists' projection of 2.5%. However, rising summer temperatures and heatwave warnings may push food prices higher in the coming months, potentially exerting fresh inflationary pressure.
Donald Trump’s promises fall flat as egg prices break records for third straight month, leaving Americans shell-shocked
Despite falling wholesale prices and no bird flu outbreaks, American consumers are facing record-high egg prices for the third consecutive month, reaching $6.23 a dozen in March. While egg producers are making substantial profits and receiving federal compensation, the US Justice Department is investigating potential price-fixing. Experts urge action against food monopolies to lower prices.
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