Asia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrintStock Radar: Short-term traders may look to accumulate Bharat Forge on dips; here’s why
Bharat Forge, a part of the casting and forging industry, has a solid technical setup that suggests short-term traders can look to accumulate the stock on dips. While it is down about 10% from its record high of Rs 919, the stock has formed a strong base above Rs 740 levels and has managed to climb above the 50-Weeks Moving Average at Rs 791. Key Points
Economic TimesStock Radar: Bounce back on cards? Havells India trading near lower end of triangle pattern
The stock rose over 1% in a week but remained flat in the last 1 month, data suggests. It rose by over 5% in the last 3 months. Short-term traders can look to buy the stock now for a possible target towards Rs 1,400 levels in 2-3 months Key Points
Economic TimesAmbition makes sense when you have surplus of seventy generations? Ramayana has the answer
The article draws a metaphor from the Ramayana, using the character Kabandha to represent the insatiable hunger and relentless growth associated with both Capitalism and Socialism. It explores how modern society praises endless ambition and the pursuit of wealth, framing contentment as a pathology. The author suggests that individuals, especially the affluent, are trapped in this hunger without permission to be satisfied. Key Points
Economic TimesIndia prohibits use of Chinese parts by military drone manufacturers: Report
Indian defence officials believe that intelligence-gathering could be compromised with the use of China-made parts in military drones, according to a report. The report suggests that meetings were held in February and March to discuss drone tenders in India. Key Points
India Today
US Fed Meet: Powell may hit pause button after 15 months; rate trajectory critical
The central bank has raised interest rates by 500 basis points, taking them to the highest level in almost 17 years since March last year. The CME Fedwatch tool suggests there is an 82% probability of the central bank leaving its target range unchanged. While a pause has already been factored into the markets, the outlook for rate trajectory in the ensuing months will be pivotal. Key Points
Economic TimesNifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gains
Nifty 50's short-term trend is still bullish, despite recent non-directional movement. 18,300 is a key support zone to watch for traders. Key Points
Financialexpress