Nifty may be back to 20K next week; bullish on 5 specialty chemical stocks: Sanjiv Bhasin
The capital good midcaps are playing out. A little bit of caution there, stay with the big one, Siemens, Bharat Forge, if you can term that as a capital good. Siemens, Bharat Forge, L&T, Thermax and ABB, are some of our preferred picks which are in our portfolio as a disclosure. We are not going overweight on them, we are staying put but like we said, these are the themes and that is why one can see that green shoots emerging on the capex side after 20 years . Key Points
Economic TimesCrude oil edges up on historic Swiss banks deal, central banks support
Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December. Key Points
FinancialexpressBT500: 'Energy transition investment is one of the biggest wealth creation opportunities,' says Harvard's Vikram Gandhi
Speaking on the topic: 'The Sustainable Path to Profits', the professor said the mindset currently is that sustainability may come at the cost of profit. However, he said, sustainability is not about sacrificing profits. Key Points
Business TodayA $46 billion rally shows Indian IT stocks' woes easing
Gains picked up after Asias biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today. Key Points
Economic TimesApple, Samsung stop India laptop imports after sudden curbs: Report
Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the country abruptly banned inbound shipments without a license. Laptop makers had been bracing for some government measures aimed at reducing reliance on imports and boosting local production, but the sudden licensing imposition caught the industry off-guard Key Points
Economic Times
Is China's stimulus at work? 5 metal stocks which can deliver up to 35% returns, as per analysts
China is one of the biggest consumers of metals. Be it copper, aluminum or steel. When the global market gets indication that the Chinese government is planning a push for its real estate market or giving any kind of stimulus then metal prices tend to firm up. One of the reasons why only large companies are in focus could be the fact that with the bumper earnings which these companies have made in the last two years,some of them have reduced their debt. Key Points
Economic TimesUS stocks: Wall Street sinks as weak earnings fan fears of economic slowdown
International Business News: The Dow Jones Industrial Average fell 344.57 points, or 1.02%, to 33,530.83; and the S&P 500 lost 65.41 points, or 1.58%, at 4,071.63, with both marki Key Points
Times Of India'I am feeling so proud': Shefali Shah arrives in Ayodhya ahead of Ram Mandir Pran Pratishtha Ceremony
In a video shared by ANI on social media, the Delhi Crime actress while expressing her joy said, 'I am honoured to be here in Ayodhya. The Pran Pratishtha is one of the biggest cultural moments that our country and we as Indians can experience.' Key Points
FirstpostDalits, OBCs and tribals biggest beneficiaries of our govt's pro-poor schemes: PM Modi
Speaking after inaugurating and laying the foundation stones of 1.3 lakh houses under the Prime Minister Awas Yojana (PMAY), via video conference, Modi said that for any poor person having his own house is a guarantee of his better future. Key Points
Economic TimesCitigroup employees brace for layoffs, management overhaul -sources
Citigroup (C.N) employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter. Key Points
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Bird flu infects Arkansas poultry as US cases rise
Arkansas, a major U.S. chicken producer, has reported its first outbreak of lethal avian flu in a commercial poultry flock in a year, as the nation sees an uptick in cases. Key Points
ReutersD-Street's smallcap rally fades as cautious foreign investors flee
BSE Ltd.s small and mid-cap indexes fell 1.7% and 3.4%, respectively, in the latest month. The declines came as overseas funds sold $2.6 billion of Indian equity in October, on a net basis, their biggest withdrawal since January. Key Points
Economic TimesAnimal box office: 7 records created by Ranbir Kapoor-Rashmika Mandanna starrer on its opening day
Ranbir Kapoor's Animal took a historic opening across the globe and made some great records at the ticket windows. Here are some of them... Key Points
Firstpost'Prabhas' Salaar: Part 1 – Ceasefire is Prashanth Neel's most ambitious spectacle,' says source close to production
A source close to the production revealed, 'Salaar: Part 1 – Ceasefire is his biggest action film to date. Prashanth Neel always wanted to make an action spectacle which has never been seen in the Indian film industry.' Key Points
FirstpostHere's how Siddharth Anand is enjoying unmatched global success post the historic success of Pathaan-Entertainment News , Firstpost
In 2023, Pathaan is the film of the year while Siddharth Anand’s WAR broke all box office records by being the biggest film of 2019. With numerous back-to-back hits like Salaam Namaste, Bang Bang, WAR, and now Pathaan, Anand is always seen delivering content that resonates with the audience. Key Points
Firstpost
Sensex tanks nearly 700 points, Nifty down 1%; banking, IT stocks drag
The S&P BSE Sensex fell 671.15 points to 59,135.13, while the NSE Nifty 50 tanked 1 per cent to 17,412.90. It marks the biggest one-day decline for the benchmarks in over two weeks. Key Points
India TodayView: India’s EV revolution is driven from the bottom up
India's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices. Key Points
Economic TimesIndia 10-year bond yield logs biggest weekly decline in over 7 months on dovish Fed stance
The benchmark 10-year bond yield ended at 7.1624 per cent, after closing the previous session at 7.1969 per cent. Key Points
mintVedanta dollar bonds slip after plan to split up India business
All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents at 1:45 p.m. in Hong Kong, its biggest decline in more than three weeks. Of the four bonds, three were trading below the 80 cents-on-the-dollar mark typically considered distressed. Key Points
Economic TimesWill China’s stimulus work ? 5 metal stocks which can deliver up to 54 % returns, as per analysts
Recently, China announced measures to prop up its real estate market, once again. Given the fact that China is the biggest guzzler of metal, focus is back on metal stocks. Unlike 2021 and early 2022 when the outlook was bullish across the board because of supply chain bottlenecks. This time around it is not secularly but selectively bullish. It is selected stocks which are getting attention, companies either with large capacity, fully integrated or in any area where they are literally monopolies in some segments. Key Points
Economic Times
Priyanka Chopra shares heartfelt note on Father’s Day, thanks Nick Jonas and father-in-law Paul: ‘Malti Marie and I are so lucky’
On Father's Day, Priyanka Chopra said she and daughter Malti Marie are lucky to have Nick Jonas. She also missed her late father and asked fans to hug their fathers if they can. Key Points
The Indian ExpressAnalysts fret about DRL's prospects, slash targets
The Hyderabad-based pharma major was the biggest loser on the bourses with trading volume rising nearly 10 times after a majority of the analysts slashed their price targets. The stock made an intraday low of ₹4,524.05 apiece in Thursday's trading before closing at ₹4,532, down 6.9%. Key Points
Economic TimesOil falls as sticky US inflation heightens demand concerns
By Katya Golubkova and Emily Chow SINGAPORE (Reuters) -Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest oil Key Points
ThePrintMorning Bid: Inflation on the ropes, shutdown averted
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersTesla, ABB, TSMC get Q2 earnings off to downbeat start
ABB (ABBN.S) warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. Key Points
Reuters
Tesla and Chinese rivals signal truce in brutal EV price war
Tesla and 15 other automakers, including BYD, Nio, Xpeng, Geely and Chery Automobile, have pledged to avoid a price war and maintain fair competition in the world's biggest EV market, China. The pact comes after almost a year of discounts, issued by the automakers, as sales slowed down. Key Points
Economic TimesTake some money off auto; invest in IT, realty, consumption & selective banks: Sanjiv Bhasin
“Bank Nifty, which had lost momentum, is now in leadership. Obviously buy the frontliners which for the largecaps are HDFC, ICICI and Axis. But I would single out Kotak to be the biggest outperformer here. As for small caps, I am very optimistic on Bandhan Bank from that Rs 250 level. It has hit Rs 235, 240. But do a SIP in Bandhan.” Key Points
Economic TimesUS dollar poised for biggest weekly gain since mid-January; yen falls ahead of BOJ
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of Key Points
ThePrintMorning Bid: Stocks drift lower again, India CPI on deck
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. With global markets gently easing back from recent highs ahead of U.S. inflation data on Tuesday, Asian markets are unlikely to Key Points
ThePrintRs 10,500 crore blow! Dalal Street witnesses biggest 1-day sell-off by FIIs in 5 years
FIIs net sold Indian equities worth Rs 10,578 crore on Wednesday, according to the provisional data. A majority of this could have been in HDFC Bank, given the high concentration of FIIs in the stock. FPIs hold over 50% stake in the private sector lender. Key Points
Economic Times
Shah Rukh Khan's Jawan director Atlee reviews Vijay Sethupathi-Katrina Kaif's Merry Christmas: 'It's a pure classic'
Atlee and Vijay Sethupathi worked together in Jawan, where the actor played the lead antagonist. The film emerged as the biggest Bollywood grosser of all time. Key Points
FirstpostLooking for safety with a reasonable growth premium? 4 midcap stocks with right PEG ratio
One of the biggest challenges which companies face is the right allocation of capital. Over a long term it is the right allocation of capital which determines whether a business is able to create shareholder returns or not. This becomes even more pronounced in the case of the mid-cap companies where resources are even more limited. When looking at mid-cap companies, look carefully at PEG ratio which in the long-term indicates many things in a better manner than most other alternatives like PE which tend to create a mirage of value. Key Points
Economic Times