Blow-off rallies in individual segments once complete should lead to a prolonged market correction: Rohit
Rohit Srivastava of Strike Money Analytics & Indiacharts highlights the risk posed by the high positioning in the market. He expects a prolonged corrective phase and warns against being bullish on IT stocks, which still face headwinds. The Rs 50,000-crore positioning that we see is a risk to the market itself. Key Points
Economic TimesThere’s no missing the bus in market; metals a contra bet & 2 largecaps to buy on dips: Sandip Sabharwal
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.” Key Points
Economic TimesViral sensation: Meet Insta’s new Eng teacher who is 12th fail from Odisha
Odisha-based youngster Dhiraj Takri’s American-accent English lessons are catching the fancy of many on social media. Read on to know about his journey so far. Key Points
Hindustan TimesDay after its release, The Beatles’ new song ‘Now and Then’ debuts on Billboard's Rock & Alternative Airp
During the period between October 27 and November 2, now and Then by The Beatles garnered a significant 1.1 million audience impressions on reporting rock radio stations. This notable achievement was recorded on November 2 following the song's premiere at 10 a.m. ET. Additionally, the track received attention on the Adult Alternative Airplay survey, registering 136 spins on its first day, and on Mainstream Rock Airplay, with 27 detections. Key Points
Economic TimesSAIL is the new GAIL? Sanjiv Bhasin’s 3 dark horse picks in metal pack
Sanjiv Bhasin of IIFL Securities remains bullish on metals, oil marketing companies, AU Bank, Bank Nifty, and pharma stocks like Aurobindo Pharma, Suven Pharma, Lupin, and Biocon. He advises staying invested in the real estate sector and buying Indiabulls Real Estate due to its merger with Embassy. Also, the best thing to buy is the SBI Pharma Fund or the Nippon Pharma Fund. Mirae, these three have a good portfolio, they have a very active fund management team. Key Points
Economic Times
Get into consumer stocks; 2 stocks to buy as metals in a very sweet spot: Sanjiv Bhasin
Sanjiv Bhasin of IIFL Securities recommends investing in consumption stocks like Voltas and Havells. He says real income is going to be generated now from the tier II, tier III, and the smaller rural class, where we are seeing unprecedented growth He is bullish on metals and recommends Vedanta and JSW. Bhasin mentions investments in Indiabulls Real Estate and Indiabulls Housing Finance. Key Points
Economic TimesUS banking regulator warns on risks of 'buy now, pay later'
A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular "buy now, pay later" financing for retail spending, saying the service creates pitfalls for retail shoppers. Key Points
ReutersPaytm a must-have in a portfolio and use Berkshire exit as a buying opportunity: Sanjiv Bhasin
“DLF and Godrej have been two of our portfolio picks, since they were at almost half the levels from where they are now. We were also very bullish on property given that asset monetisation or asset creation of wealth because of the twin rally in gold and stocks will see hard assets do well.” Key Points
Economic TimesImtiaz Ali spills the beans on 'Jab We Met 2' and 'Love Aaj Kal 3'
Bollywood's renowned director Imtiaz Ali, known for his artistic films, readies for the Amar Singh Chamkila biopic with Diljit Dosanjh and Parineeti Chopra. While fans anticipate updates on 'Jab We Met 2' and 'Love Aaj Kal 3,' Imtiaz remains focused on new projects, including three scripts he's eager to explore. Key Points
Times Of IndiaIn next couple of days, opportunities may show up in private banks: Rohit Srivastava
Rohit Srivastava identifies FMCG and private banks as the weakest sectors. Short-term bounce back seen in HDFC Bank and ICICI Bank. Nifty and Bank Nifty may have experienced a false breakout. Drop in volumes and critical support levels to watch. PSU stocks show high RSI and potential shorting opportunities in oil and power segments. Key Points
Economic Times
If you are not allocated IREDA shares, should you still buy at higher levels? Daljeet Singh Kohli answers
“It is like earlier you had only two options – REC & PFC – and now you have a third option. So, if somebody is adding a fresh position in power financiers, he has out of the three to choose instead of two. Otherwise, all three of them will be similar and we would like to go with the existing ones.” Key Points
Economic TimesIs Perrie Edwards putting her ‘gloves up’? Little Mix star teases solo career
Ladies of the Little Mix have been on and about with their solo careers. Now, it seems it's time for Perrie Edwards to join the bandwagon. Get more details below. Key Points
Hindustan TimesWe need to change our approach to market this year onwards. Nimish Chandan explains why
Nimesh Chandan, CIO of Bajaj Finserv Asset Management, believes that the markets have reached fair and higher than reasonable valuations. A change in approach is necessary, and investors should look for bargains in undervalued areas. The paint industry is experiencing an influx of new players, which may impact existing players' market share and valuations. Key Points
Economic TimesWe are overweight on 3 sectors; largecaps attractive but opportunities in mid and smallcaps too: Karthik K
The market is experiencing stock specific movements, leading to uncertainty for investors. It is a time of indecision, as investors are unsure whether to enter the market or book profits. The current market movement can be seen as a healthy correction following a strong 2023. Additionally, the January to March quarter historically has negative returns. Key Points
Economic TimesApril will be a consolidation period for midcaps and smallcaps: Vishal Malkan
Vishal Malkan expects midcaps and smallcaps to consolidate in April. Nifty to remain range-bound. Dr Lal PathLabs surges, correction awaited for entry. Weakness in Nifty IT index continues. Malkan says: I like the main part of PSUs like the PSU banks which are my favourites. Canara Bank and PNB are my top two stocks for this year. Key Points
Economic Times
HDFC Bank, ICICI Bank are screaming buys at current prices: Nischal Maheshwari
Nischal Maheshwari, CEO of Centrum Broking, recommends green-oriented companies like Tata Power and NTPC in the metals and coal sectors. He suggests focusing on pharma companies like Sun Pharma and the hospital sector for investment opportunities. We are are strongly betting on goal-oriented companies. The power equipment companies have run much ahead of its course. We would recommend taking profits in BHEL kind of companies. Key Points
Economic TimesThe Beatles top charts with final song 'Now and Then', 60 years after their first hit
The Beatles have achieved another historic milestone, securing the top spot on the charts with their single now and Then. This accomplishment establishes a record for the longest gap between their first and latest number one hits, surpassing the previous record held by Kate Bush. The Beatles' last chart-topping single was The Ballad of John and Yoko in 1969. Key Points
Economic TimesBuy on dips and take part of your profits on rises now: Deepak Jasani
Deepak Jasani, Sr VP - Head Retail Research, HDFC Securities, suggests buying on dips and taking profits on rises as a good strategy in the current market. He explains that liquidity infusion post the Covid pandemic is still seeking returns, making India an attractive market. Jasani advises focusing on sectors like PSU, realty, power, BFSI, IT, and capital goods. He also discusses the potential of HDFC Bank and Reliance Industries, as well as the choice between direct and indirect investments in the real estate sector. Key Points
Economic TimesSanjiv Bhasin sees Nalco doubling in a year; offers a dark horse pick
Sanjiv Bhasin highlights the strength of the cement sector, particularly UltraTech, ACC, and Ambuja. Cement is going through the roof. Look at the price. There is a cartel. 53% of market share is with five players. UltraTHe recommends buying Dalmia Cement on declines. Bhasin believes these stocks will continue to be re-rated and perform well in the current market. Key Points
Economic TimesWho is present-day Nostradamus and what did he say about the Princess of Wales? Know what did 16th century
French astrologer Nostradamus reportedly predicted almost five hundred years ago that the King of the Isles would be driven out by force” and would be replaced by one who will have no mark of a king. It is interpreted as King Charles III abdicating the throne under pressure and getting replaced by Prince Harry. Key Points
Economic Times
Market has to consolidate till April to have a pre-election rally in May: Sandip Sabharwal
Sandip Sabharwal discusses ongoing market corrections, potential pre-election rally, and government policies' impact on various sectors. He emphasizes the need for caution in investment decisions amidst market uncertainties and highlights the resilience of certain stock categories. He says the real pain of the market correction has been felt in the smallcaps and to some extent on midcaps. But valuations in that segment are still somewhat higher. I do not think the entire correction should be over as of now. Key Points
Economic TimesJust 7 stocks doing well in the US more justifiable than Indian smallcaps doing so well: Samir Arora
Samir Arora says coming to smallcaps, it does not matter if there is a graceful correction or a sharp correction because broadly the outperformance is unrealistic and not in line with any form of history, provided the cycle is over. In the middle of the cycles, there have been similar outperformance in previous phases also. So, it is basically not an avoid, but one has to scrutinise a lot before buying a smallcap. Key Points
Economic TimesRight strategy is to keep cash in portfolio and buy on 10-15% dips: Dipan Mehta
Dipan Mehta advises keeping cash in the portfolio for strategic reasons, as investing during a correction ensures excellent returns in the next three years. Compliance and responsible lending are priority for NBFCs like IIFL and JM Financials. At 25-30% correction, a whole host of midcap ideas also will come through. Right now investors need to really assess the risk return profile of their portfolios. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Sona BLW, Intellect Design and PB Fintech on Friday
The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed higher but failed to hold above the 22,000 mark on Thursday. Sectorally, buying was seen in power, public sector, metal, and capital goods stocks while healthcare stocks saw some selling pressure. Key Points
Economic TimesInCred AMC is holding 26% in cash. CEO Mrinal Singh explains why
Mrinal Singh, CEO & CIO of InCred AMC, discusses the challenges of investing in the Indian market due to expensive valuations. He highlights the potential for growth in rural areas, the building material sector, and the auto sector. He also expresses interest in the housing and MSME segments of the financials sector, as well as the healthcare sector. Key Points
Economic Times
Sanjiv Bhasin is betting on 4 stocks in tech/EMS basket. Here’s why
Sanjiv Bhasin of IIFL Securities says he is bullish on HCL Tech, Wipro, Coforge, and Dixon in the IT sector. He believes Vodafone will survive and progress into 5G with capital infusion. Bhasin is positive on Grasim and Asian Paints. Indian IT companies are expected to perform well, including NVIDIA. Key Points
Economic TimesWhen brains do more, who owns us?
Discover how Neuralink, a brain-chip startup, is revolutionizing brain-computer interface technology. Learn about the ethical concerns and regulations surrounding the use of implants and the need for transparency and collaboration in its development. Key Points
Times Of IndiaNifty may bounce back next week onwards; switch to 4 sectors for follow-up trade: Rahul Sharma
Rahul Sharma, Director of JM Financial Services, expects a rebound in the Nifty index, possibly starting next week and continuing into the February series. He advises clients to focus on sectors and stocks that have not corrected, such as PSU banks, metals, IT, and pharma. Sharma believes that the risk-reward becomes favorable for a bounce back at around 21,000 on the Nifty index. He also recommends Tata Power and Nocil as top picks. TRIL and Bajaj Auto are also expected to perform well, while Tech Mahindra presents a buying opportunity. Key Points
Economic TimesOscars 2024 nominations: Nolan's 'Oppenheimer' leads with 13 nods; check complete list of nominees
The 2024 Oscar nominations are out, featuring 321 films and top contenders like 'Oppenheimer,' 'Poor Things,' and 'Barbie.' Hosted by Jimmy Kimmel on March 10, the 96th Academy Awards promise excitement. Notable snubs have stirred discussions, adding anticipation to the star-studded event. Key Points
Economic TimesContra view! Realty stocks deliver skyscraping returns in last 1 year. Time to get off the escalator?
I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man's reach, analyst Sanjiv Bhasin told ET Now. He said this referring to the escalation in property prices notwithstanding a benign input cost. Key Points
Economic Times
Take some chips off mid, smallcaps; 5 largecaps to go for now: Sanjiv Bhasin
Sanjiv Bhasin says: “There is no such thing as sitting on cash. It is better to be in largecap banks. I still like three PSUs -- IRCTC, CONCOR, and IEX and we are invested in those as a disclosure. They have just started to perform. We are up about 20% on our portfolio on these.” Key Points
Economic TimesLong-term story for mid and smallcaps extremely exciting but may see time correction for a very short peri
Akhil Chaturvedi says: “Till the election, overall, it should be positive for small and midcaps. In the last three years, we at the AMC certainly feel that this has been a fundamental rally. The smallcaps and midcaps have not run up only on hope or expectation of earnings growth but we have actually seen delivered earnings growth in the last three years.” Key Points
Economic TimesIndian IT employees forced to work 50 hours a week, data reveals
In the ever-evolving landscape of Indian IT, a rather disconcerting trend has come to light — employees are putting in longer hours than the industry norm, clocking in at an average of 45 to 50 hours per week. Here is what we know. Key Points
India Today11:11 portal open now: Here's how to manifest according to your zodiac's element
Get to work people! The best time of the year is now, manifest it all. Get to know the best ways to manifest your ideal life below. Key Points
Hindustan TimesA shift to defensives like FMCG & pharma apparent: Rohit Srivastava
19,450 is going to be the first hurdle that Nifty is facing. We are pretty close to that and once we get past that, we should head towards 19,700. Even in the Bank Nifty, we are very close to the 40-day average, which is around 43,680. We can go towards 43,800 or slightly higher. Key Points
Economic Times
Tactical opportunities to start adding to risk assets in both bonds and equities: Gautam Samarth
“Broadly speaking, the market – at least for now – seems to be saying that what we are seeing in the Middle East will be relatively contained and that has the potential to spill over. We know that markets tend to not worry about things until they do. And when they do, they tend to panic pretty aggressively. ” Key Points
Economic TimesSunny-SRK to Kartik-Karan, Bollywood celebs shaking hands after cold war
From Sunny Deol to Shah Rukh Khan, many Bollywood celebrities are ending their years long feuds and shaking hands. Let's take a look at these pairs. Key Points
Hindustan Times‘Tired’ Pankaj Tripathi forgets which shot he gave for which film
Actor Pankaj Tripathi is feelingg burnt out and says he has started doing less films because he is tired now. He was last seen in Fukrey 3 and OMG 2. | Bollywood Key Points
Hindustan TimesWhy is #TermLimits trending on social media
#TermLimits has been trending on social media for a while today. Let's read what it is about. | World News Key Points
Hindustan TimesChina economic outlook: Govt says all is well, but there’s gloom on the ground
A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijings narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessiYouth at a job fair in Wuhan mism and resignation. Key Points
Economic Times
ET Exclusive: We know how to handle the fallout of high US rates, says Finance Minister Nirmala Sitharaman
For India, this coming quarter is the quarter when people open up their purses (festive season). They go out spending and it is not as if it is some onetime thing. It pans between September and goes till December. Till after the new year you would have enough reasons to believe that demand situation is going to only go up. So, I expect the next quarter will also do well, says FM Nirmala Sitharaman. Key Points
Economic TimesHome ministry sought views on Bharatiya Nyaya Sanhita bill but two states stayed mum
The home minister was asked to make a guess which were these states. And his was bang on. Key Points
ThePrintWe are looking to add pharma stocks to our portfolio, find multiplex stocks too expensive: Deepak Shenoy
There will be a lot more demand for both railways and defence orders that are coming in and while these stocks have run up quite a bit, there is actually a significant room for growth from here even though the prices have run up. Also, some of the domestic consumption stories and high precision engineering stories will make a difference. Key Points
Economic TimesWhat should be a good asset allocation, short, medium and long term? Maneesh Dangi answers
Get into more diversified assets; equities are too expensive, says Maneesh Dangi. “Within India versus US, you would look at India more favourably versus US right now. But again, in absolute terms you will have to be underweight equity, because equities both in India and US actually are pretty expensive.” Key Points
Economic TimesIf market gives up 1,000 points in Oct-Nov, one can start fresh allocations: Sandip Sabharwal
In the near term, my personal view was that the market should remain fine till September. Market moved up from 16,800 to 20,000, a 3200-point move. In October-November, if we get a deeper correction and if the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations. Key Points
Economic Times