Japan's Nikkei hits record high after Nvidia beat, rest of Asia muted
By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintHow to hedge your risks after a one-way rally? Anand Tandon answers
Independent analyst Anand Tandon says that slightly out of fashion stocks like HDFC merit a relook given that it has eased off because of technical action. He further says one of the major themes to look for in the second half is rural India driving some of the demand growth assuming that the monsoon is not a total disaster. One can also be looking at markets outside India.” Key Points
Economic TimesBe slightly cautious and take some money off the table: Varun Lohchab
Market experts suggest that the current earnings season in India has been lacklustre, neither a big hit nor a miss. While largecaps do better when inflation is high, midcaps and smallcaps might do better this quarter on account of easing commodity inflation pressure. However, the overall upside in the market looks capped for the rest of the year, and it may be time to reduce equity exposure. Consumer discretionary, capital goods, and some autos and cement stocks are starting to look expensive and overbought. Key Points
Economic TimesOil jumps as US, UK strike Houthis in Yemen, shares subdued
By Stella Qiu SYDNEY (Reuters) -Asian shares were subdued on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data Key Points
ThePrintInfineon Q3 revenue slightly above forecast on mixed semiconductor market
German chipmaker Infineon (IFXGn.DE) on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Key Points
Reuters
Time to book profits in power stocks; India heading towards currency risk: Rohit Srivastava
“The RMI indicator that we use is giving sell signals on many of these key sectors so it is slightly difficult to take a bullish trade here. If at all, we will take one, we will possibly take a bearish trade and start with the index and, of course, the sectors which have moved up the most, then can give you a correction as well.” Key Points
Economic TimesGautam Budh Nagar DM inspects flood-hit areas at Hindon river banks
The water level of the Hindon River fell slightly on Tuesday and was recorded at 201.10 metres, down from 201.15 metres on Monday Key Points
Hindustan TimesTime to consider pharma, take a long-term look at consumption: Anshul Saigal
There is a very stark difference in how consumption patterns are showing up. We are seeing luxury goods and slightly expensive goods and services seeing a significant uptrend while things like glucose biscuits etc, which are at the slightly lower end in category, are seeing some weakness., says Anshul Saigal Key Points
Economic TimesNilesh Shah on why manufacturing is a multi-decadal growth opportunity in India
Kotak AMC's Nilesh Shah believes that India is well-placed to benefit from the rise of manufacturing and capture a bigger share of manufacturing GDP. Shah notes that the Kotak Manufacturing In India fund has already delivered satisfactory results. With Chinese companies moving to India, Indian subsidiaries participating in export markets, and the domestic market growing, Indian firms have significant opportunities to increase their share of global markets. Key Points
Economic TimesDollar edges down after US jobs data; pound firm after UK election
By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar index fell slightly on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose, underscoring Key Points
ThePrint
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
After touching a new high, nifty and sensex moved into correction mode. If one looks at the way markets have moved intraday in this phase of correction, it appears that a basket selling pushes the index down then there is one sector which pushes it back up. These are indications that in the coming two weeks, when there is a high probability of volumes being low in the markets, we may see slightly higher volatility as stock prices will react more to even slightly a bit of selling or buying. In such times it would be better to stay with stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesIndia rupee closes slightly lower, little changed on week
The Indian rupee ended slightly weaker on Friday as buoyant U.S. dollar demand from local companies offset the positive cues from strength in its Asian peers. Key Points
ReutersDr Shriram Nene suggests 5 things you need to do if you have a desk job
Keep your feet resting on the floor. The legs should be at 90 degrees. If possible, get an ergonomic chair, said Dr Shriram Nene Key Points
The Indian ExpressUS adds more jobs in September; unemployment falls to 4.1%
Average hourly earnings grew by 0.4% in September, slightly lower than the 0.5% increase seen in August. Key Points
India TodayUS debt ceiling negotiations push towards critical default deadline
Time is tight. The Treasury Department on Friday said the government would run short of funds to pay all its bills on June 5 without congressional action, a slightly later but firmer deadline than its prior forecast of default as early as June 1. And any deal in principle between Democratic President Joe Biden and top congressional Republican Kevin McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress. Key Points
Economic Times
In Q3, Berger Paints had 9.1% growth; in Q4 trends should be similar: Abhijit Roy
Abhijit Roy says: We have always had big competition within the industry. There are major players there already both domestic and international and we have been fighting. So I do not see anything majorly changing, of course, there is a very big player coming in in March-April and that might shift a little bit in terms of the growth rates but it is not going to be a very tangible effect on the overall revenue or profit growth. Key Points
Economic TimesUS consumer confidence ticks up in March
The Conference Board reported Tuesday that its consumer confidence index rose to 104.2 in March from 103.4 in February. Optimism about current conditions fell, though consumers grew slightly more positive about the short-term future. That's a reversal from recent surveys. Key Points
Economic TimesWhy Sampath Reddy prefers value to growth stocks now
Bajaj Allianz Life Insurance's Sampath Reddy, prefers value-oriented stocks over growth and expects the market valuation to peak between 19 to 20 times PE in the coming year. Although the market valuations are slightly high, the Indian macro economy is performing well in terms of GDP growth and benign inflation, driving higher valuations. Reddy notes the shift from growth to value-oriented, higher-interest rate-sensitive utility sectors and believes it will continue. Key Points
Economic TimesGlobal stocks start September in cautious mood
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) -Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether Key Points
ThePrintOil up on OPEC+ cuts, US Fed chief seeing rate cuts in 2024
By Paul Carsten LONDON (Reuters) -Oil prices rebounded slightly on Wednesday, on supply tightness amid output cuts from major producers and remarks from the U.S. central bank chief that he still Key Points
ThePrintDollar droops as key US data looms; yen firms on CPI beat
By Kevin Buckland TOKYO (Reuters) - The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Key Points
ThePrintOil jumps as US, UK strike on Houthis sparks safe-haven push
By Amanda Cooper LONDON (Reuters) -Global shares edged up on Friday while oil surged as the conflict in the Red Sea region appeared to escalate, while slightly hotter U.S. inflation data did not shift Key Points
ThePrintGold remains flat at Rs 61,210/10 gm; silver climbs Rs 300
New Delhi, Nov 16 (PTI) Gold price remained flat at Rs 61,210 per 10 grams in the national capital on Thursday, according to HDFC Securities. However, silver climbed Rs 300 to Rs 75,300 per kilogram. In the previous trade, it had settled at Rs 75,000 per kg. In the global markets, gold was slightly down […] Key Points
ThePrintRupee to inch up after "slightly dovish" Fed; US yields decline
The Indian rupee is expected to open marginally higher on Thursday on the back of a fall in U.S. Treasury yields after a slightly dovish stance from the Federal Reserve. Key Points
ReutersHow should your portfolio be positioned in a risk-off environment? Rahul Singh answers
Rahul Singh of Tata Mutual Fund, emphasizes the importance of asset allocation and balanced portfolios in managing risks in the current market scenario. While global factors such as rising yields and the strengthening dollar index are impacting valuations, India's strong fundamentals and growth potential are expected to limit sharp corrections. Singh advises investors to focus on the right asset allocation and maintain a balanced portfolio. Key Points
Economic Times
Federal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesUS hiring cooler than expected in July, unemployment dips
Job creation in the United States was lower than anticipated in July, according to government data released Friday, hovering at the slowest pace since late 2020 in encouraging news for policymakers. The world's biggest economy added 187,000 jobs last month, slightly above the 185,000 figure in June after a downward revision, said the Department of Labor. Key Points
Economic TimesPhilips slightly raises 2023 outlook after Q2 core profit beat
Dutch health technology company Philips (PHG.AS) on Monday slightly raised its full-year targets after posting a bigger-than-expected jump in second-quarter core earnings thanks to better supply chains, a strong order book and efficiency measures. Key Points
ReutersRain halts Chennai Super Kings’ chase against Gujarat Titans in IPL final, pitch inspection at 11.30 PM
Chasing 215 to win, Chennai Super Kings were 4/0 in 0.3 overs as the second innings began slightly late due to mid-innings show here at the Narendra Modi Stadium. Key Points
The Indian ExpressIndian carrier IndiGo stays profitable on demand, forex boost
IndiGo's revenue grew 76.5% in the quarter, slightly outpacing the 74.3% jump in fuel costs. Key Points
Financialexpress
Karnataka assembly polls sees voter turnout of 72.67 per cent
Karnataka recorded a voter turnout of 72.67 per cent in the Assembly elections, which is slightly above the previous polls in 2018. | Bengaluru News Key Points
Hindustan TimesBond yields flattish ahead of April US inflation data
Economists expect U.S. headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%. The numbers, due at 1230 GMT, will show whether price pressures continue to ease or remain at levels that could prompt the U.S. Federal Reserve to hike interest rates further. Key Points
FinancialexpressSPMs handling crude oil at state ports operating at 84 pc capacity
In the calendar year 2021, a total of 86.07 million metric tonnes of crude was handled, while in year 2022, it grew slightly by 1.2 percent to 87.1 million metric tonnes, the reply stated. Key Points
The Indian Express