Moon to hide a bright star in a rare celestial event in November
Spica, located in the constellation Virgo, is known for its brilliant blue-white hue and is one of the brightest stars visible from Earth. It is approximately 250 light-years away and is classified as a binary star system, with its primary component being a massive blue giant. Key Points
India TodayMarket in a zone where we will have a 15% move two-three times a year: Sunil Singhania
The appetite for Indian equity both domestically and internationally is growing, paving the way for a bullish market, according to Sunil Singhania, Founder of Abakkus Asset Manager. Singhania is optimistic about a good monsoon and growth, infrastructure spending, increasing corporate expansion, and a shift of global investments away from China toward India. Singhania says the world is stabilising, due in part to soft oil prices, settling inflation and a return of cost pressures, plus China's reopening that creates an optimistic outlook for the second half of 2023. Key Points
Economic TimesElon Musk plans to make likes, retweets, and reply buttons disappear from X
Elon Musk plans to make likes, retweets, and reply counts less visible on the social media platform X, which he acquired last year. The engagement buttons will be replaced with gestures. However, this change has not been well-received by Twitter users, who are concerned about the impact on gauging post popularity. Musk claims it will improve readability, but will still keep view counts visible. This move has left analysts puzzled, as his actions regarding the platform have been unpredictable. Key Points
Economic TimesPartial lunar eclipse darkens supermoon in rare celestial event
The partial lunar eclipse, which was visible in many parts of the world but India, was the second and the last of the year. It coincided with the September full moon, which is known as the Harvest Moon. Key Points
India TodayIs it time for them to get re-rated? Only for moderate risk takers, 5 mid & small-sized PSU banks
When a sector gets re-rated, it is the leader of that particular sector which tends to get the attention in the first leg. If the fundamentals of that sector continue to improve, then companies which are lower than in terms of scale and size are the ones which tend to get re-rated. If one looks at the re-rating of PSU banking space, the likes of SBI, BoB had started to do well some time back. But the mid and smaller PSU banks, not smaller when one looks at the market cap, but in terms of geographical presence and overall size of the business are likely to get more attention now. There are multiple reasons for it: GDP growth rate has a strong correlation with credit off take, which will be visible even in the books of these banks. Some of these banks started their digital journey late, the impact of which will be visible in the coming quarter. Key Points
Economic Times
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
With the US Fed indicating a pause in the interest rate cycle, indications of the “risk on” trade will be back are clearly visible. Emerging markets have stabilized. This may have a rub off impact on midcap stocks which tend to do well when liquidity is in abundance. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesBreakout Stocks: How to trade Adani Enterprises, Prime Focus and Sudarshan Chemicals on Thursday?
Buying was seen in consumer durables, healthcare, utilities, and FMCG while selling was visible in banks and metals on Wednesday. Stocks in focus today include names like Adani Enterprises, which was down nearly 6%; Prime Focus was up nearly 13%, and Sudarshan Chemical Industries closed with gains of nearly 12% on Wednesday. Key Points
Economic TimesICICI Bank, Reliance will take the market to next level: Rahul Chadha
The current rally in the Indian market will be driven by the domestic sector, according to a statement by Rahul Chadha of Mirae Asset Global Investments. Investors should take a medium-term view as the next three to four months would be challenging due to the US economy slowing down which would affect the export sector. Although Indias luxury market is on an uptick, there are not many plays in that segment. Rremain invested in the Indian market by looking for entry points in the challenging times. Key Points
Economic TimesYou’re leaving your job. What can you take with you—and how do you do it?
Not everything is fair game legally. It’s important to know the rules. Key Points
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