GAGA Share Market News

[hfe_template id='11223'] [ad_1] Wall Street shares pulled back from record highs hit early on Thursday in sympathy with rallying overseas indexes, as Treasury yields shook off soft U.S. data and rose anticipating new supply next week. The dollar firmed, as higher U.S. yields widened differentials with non-dollar rates that are trending lower. It drew closer to the 160 yen area that prompted Tokyo to intervene in late April to support its currency. The Dow Jones Industrial Average was the only major index that held gains. The S&P 500 and Nasdaq extended their string of intraday all-time highs before reversing, and the Nasdaq ended a seven-session streak of record closing highs. Disappointing housing starts and building permits data, along with a jobless claims report suggested a gradual cooling in the labor market, appeared to make the case that the Fed's restrictive policy is having its intended effect. "The weaker-than-expected economic data is suggestin...

[hfe_template id='11223'] [ad_1] Even as online stock market frauds have become commonplace now, investors and traders are advised to remain vigilant of potential threats and scams that target unsuspecting individuals through various tactics and leaving victims financially drained. With the growing threat market regulator Securities and Exchange Board of India (Sebi) and stock exchanges including NSE have been warning investors of fraudulent entities and persons who scam people through digital means and social media platforms. Investors can mitigate these risks by following these 6 important tips: No to unsolicited offers : Investors should remain vigilant and treat all the unsolicited investment advice or promises of exorbitant returns with skepticism. The unsolicited tip could come via emails, messages, phone calls or through social media platforms. Go for legitimate investment firms : Investors should look for legitimate investment firms and do background checks to fi...

[hfe_template id='11223'] [ad_1] The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted. Even without any interest rate cuts so far in 2024 and with the likelihood of just one meager rate reduction by the end of the year the stock market has been purring along. That's quite an achievement, given the expectation in January that the Fed would trim rates six or seven times in 2024 and that interest rates throughout the economy would be much lower by now. Buoyant as the stock market may seem, when you look closely, it's apparent that the S&P 500's recent returns rest on a precarious base. AI fever based on the belief that artificial intelligence is ushering in a new technological age has been spreading among investors, and that has been enough so far to keep the overall stock market averages rising. But the rest of the market has been rather ho-hum. In fact, strip away the biggest companies, especially the tech comp...

[hfe_template id='11223'] [ad_1] Asian stocks sank on Monday as traders heavily pared back on bets for Federal Reserve rate cuts this year given a still-tight U.S. labour market, while a snap election call in France sparked wider political concerns and weighed on the euro. Trading was thinned in Asia with Australia, China, Hong Kong and Taiwan out for public holidays, but MSCI's broadest index of Asia-Pacific shares outside Japan still slumped 0.46%. U.S. futures eased slightly, with S&P 500 futures and Nasdaq futures down about 0.03% each, while the dollar was back on the front foot. The halt in the global risk rally came on the back of Friday's nonfarm payrolls report which showed the U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labour market. Futures now show roughly 36 basis points (bps) worth of cuts priced in for the Fed, down from 50 bps last week. The odds for an eas...

[hfe_template id='11223'] [ad_1] As the yawning gap between exit poll predictions and the actual election results led to huge losses in the stock market on Tuesday, Trinamool Congress' Rajya Sabha MP Saket Gokhale has asked Sebi to investigate whether BJP and poll agencies made crores by manipulating the stock markets via pollsters. "Investors made massive profits on 03.06.2024 after the markets rose on the back of exit poll results. However, on 04.06.2024, investors suffered losses of over 31 lakh crore Le. 31 trillion. In the interest of protection of investors, it is important to determine if the India Today Axis MyIndia exit polls were rigged or intentionally skewed in favor of the BJP-led NDA which led to the unprecedented rally in the markets on 3rd June," Gokhale said in a letter to the markets regulator. He said an intentionally skewed exit poll would clearly mean that there was massive stock market manipulation done on 3rd June and also merits inve...

[hfe_template id='11223'] [ad_1] As exit poll results predict a hat-trick for Prime Minister Narendra Modi in Lok Sabha, the stock market looks poised for a rally on Monday as Nifty bulls are screaming 'Abki baar 24,000 paar'. If the election result on June 4 also turns out to be in favour of Street favourite BJP, analysts see Nifty jumping as high as 24,000 in the next few days. The headline index had ended the week down nearly 2% at 22,531 as FIIs preferred to play safe ahead of the D-Day. As the exit polls result now indicate a clear victory for the NDA alliance with 350+ seats, analysts say it is a shot in the arm for bulls who will trigger a big rally in the market on Monday. "Largecaps in financials, capital goods, automobiles and telecom are likely to lead the rally. The bulls will be further emboldened by the better-than-expected 8.2% growth in GDP numbers which came after market hours on Friday. Technically and fundamentally the market is poised for...

[hfe_template id='11223'] [ad_1] The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday. The S&P 500 finished the session with a modest gain, while the blue-chip Dow dipped below 40,000 after closing on Friday above that level for the first time. "The Nasdaq is being led higher by Nvidia, but otherwise they're a little bit stalled," said Jay Hatfield, portfolio manager at InfraCap in New York. "The S&P 500 is 11% above its 200-day moving average, which is pretty extended." "We're in a range-bound market and Nvidia will dominate global equity trading this week." Comments from Fed officials have reflected the U.S. cen...

[hfe_template id='11223'] [ad_1] Nifty ended the extended 6-day trading week around 2% higher as moderation in India's CPI and lower-than-expected inflation figures from the US Fed boosted investor confidence. Global market cues remained largely supportive as major indices of the US market such as Nasdaq, S&P 500 and Dow touched lifetime highs. This week will be a curtailed one with Monday being a market holiday on account of voting in Mumbai for Lok Sabha elections. "The week is going to remain lackluster on the data front as no major economic data releases are scheduled in both the US as well as Indian market. Hence, the focus of Indian investors will largely remain on the ongoing earnings season as well as stock specific developments. We expect election led volatility to continue in the Indian market and hence, advise investors to exercise caution and accumulate good quality stocks during this volatile phase," SBI Securities said. Also read | How wil...

[hfe_template id='11223'] [ad_1] May 19, 2024, 09:48:14 AM IST 1 / 14 Outperforming Rockstars Jefferies has initiated coverage on 13 Indian stocks in the calendar year 2024 so far, taking its total coverage universe to 188 with a combined market cap of US$3.4tr or 70% of India's listed market. The majority of the 13 covered stocks have been strong outperformers relative to the benchmark index. Here’s the list of 13 stocks in which Jefferies has initiated coverage: ETMarkets.com ​Over FY24-27E, The brokerage firm believes that network expansion and growing client vintage should drive 25% CAGR in active AUM of wealth business. Jefferies initiated a ‘buy’ on 360 Wealth with a target price of Rs 900. Getty Images ​A ‘buy’ rating and a target of Rs 3,800 is foreseeable as he company is riding on the strong Industry tailwinds in New Energy/sustainability, Airports, Infra, digitalisation, and import substitution in India. Reuters ​The global brokerage firm sees Bharti Hexac...

[hfe_template id='11223'] [ad_1] Japanese shares ended lower on Monday as investors grew cautious ahead of corporate earnings reports, while rising Japanese government bond yields weighed on sentiment. The Nikkei inched down 0.13% to close at 38,179.46, after slipping below the 38,000 level for the first time since May 2 earlier in the session. The broader Topix was down 0.15% to 2,724.08. "More local companies are set to announce their outlook but many of them are expected to be conservative so investors were cautious about buying stocks," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. Mitsui Fudosan tanked 5.39% as the developer's annual net forecast was below market expectations. Peer Mitsubishi Estate fell 4.11%. The real estate sector lost 3.26% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Chip-making equipment maker Tokyo Electron fell 1.03% to becom...

[hfe_template id='11223'] [ad_1] As the financial markets evolve with technological advances, algorithmic trading has become a staple for institutional traders, offering unmatched efficiency and precision. However, Indian retail traders have not fully capitalised on these benefits, often likened to cyclists on a motorway where institutional traders speed by in sports cars. To level the playing field and ensure safety, a balanced approach involving regulation, education, and risk management is essential. Ensuring Equitable Access For retail traders to effectively compete, access to algorithmic trading must be democratised. This involves not only continued regulatory backing, but also the availability of practical algo tools that provide similar levels of automation and discipline as those used by institutional traders and professional fund managers. Exchanges should continue to facilitate this transition by offering algorithmic trading platforms specifically designed for ...

[hfe_template id='11223'] [ad_1] The Indian market recouped losses to close in the black. The S&P BSE Sensex rose over 260 points, while the Nifty50 reclaimed 22,000. Sectorally, buying was seen in telecom, metal, oil & gas, power, and utilities, while selling was seen in banks, realty, and IT stocks. Stocks in focus include names like Hindustan Zinc, which was up more than 15% to hit a fresh record high, while Escorts Kubota rose over 3% on Friday. We have collated a list of three stocks that either hit fresh 52-week highs, or all-time highs or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Kunal Kamble, Sr Technical Analyst at Bonanza Portfolio Hindustan Zinc: Avoid On August 31, 2015, Hindustan Zinc took the support of 200 and 50-EMA (placed at 127) and rallied up to 340, but then corrected towards the 200-EMA (placed at 157), making a hig...

[hfe_template id='11223'] [ad_1] “If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to 75,124 (intra-day lifetime high levels) on April 9, 2024 on gains in FMCG, energy and metal shares. While markets dipped subsequently, closing 0.08% down following profit booking in index major Reliance Industries, the surge of almost 25% over the past year has been remarkable. On April 9, 2024, the combined market capitalisation of the BSE listed firms surpassed ₹400 lakh crore with the BSE Midcap index soaring almost 67% and the Smallcap index rising 65% over the past year. The NSE companies with maximum gains were Infosys Ltd, Apollo Hospitals, LTIMindtree Ltd, Tech Mahindra Ltd, Adani Ports and Special Econ...

[hfe_template id='11223'] [ad_1] Tracking gains in global peers, Indian benchmark equity indices opened higher on Friday, led by auto and energy stocks. The BSE Sensex was trading 515 points higher at 22,092, while the Nifty50 was trading at 22,109, up 151 points, around 10:00 a.m. From the Sensex stocks, NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers, rising over 1% each in early trade. On the other hand, Infosys, HCL Tech, TCS, and HDFC Bank opened in the red. Nifty Auto rose 0.9%, led by Hero MotoCorp, Bajaj Auto, and Tata Motors. Nifty FMCG, Financials, Media, Metal, Consumer Durables, and Oil and Gas also opened higher. In the broader market, Nifty Mid and Smallcap100 surged over 0.2%. Bharat Petroleum Corporation (BPCL) gained 5% on despite the company's Q4 earnings missing street expectations on lower refining margins. The rise comes as Citi maintained a 'Buy' call on the stock despite below-estimate earnings.Shares of Tata Motors...

[hfe_template id='11223'] [ad_1] The Indian stock market continues to be resilient. Nifty at 22200 is trading at a PE of around 19.5 based on estimated FY25 earnings. The market cap to GDP stands at 126 percent. These valuations are higher than long-term averages. However, the near consensus in the market is that India’s superior growth and earnings potential for many years to come justifies higher valuations. Apart from GDP growth and corporate earnings, another crucial macro fundamental that impacts stock markets is the interest rate. As Warren Buffet famously said, “interest rates are to asset prices like gravity is to apples.” Softening interest rates are fodder for the bulls. Peaking of interest rate, and expectations that it will trend down, have played a major role in the ongoing global bull market. But the complexity of the global economic scenario, and the uncertainty surrounding inflation trends in the mother market US, have clouded the interest rate trajectory...

[hfe_template id='11223'] [ad_1] Investing in the stock market can often feel like riding a wave of optimism, especially when prices keep soaring to new highs. Investors usually assume that this upward momentum will last indefinitely, much like stretching a rubber band to its limits. However, the rubber band follows a straightforward rule - the more it's stretched, the greater the strain it bears until it eventually snaps back to its original state. Similarly, extended periods of bullish markets eventually give way to corrections as prices revert to their mean levels over time. But how can we pinpoint the mean levels in markets? One effective method is utilizing moving averages. When employing moving averages, we can say that the index is in a bullish trend until its spot closes below the moving average line. We can observe a notable pattern in the Nifty 50 chart below, which spans a weekly timeframe and includes a plotted 100 Weekly Moving Average line. Following ea...

[hfe_template id='11223'] [ad_1] Mumbai: Shares of Kotak Mahindra Bank slumped nearly 11% Thursday after the central bank imposed a ban on the lender from issuing credit cards and onboarding new customers through mobile banking and online banking due to supervisory concerns in the bank's IT systems. This is the single largest fall in the stock since March 2020 and it led to a wipe out of ₹39,322 crore from the total market cap of the stock. "The digital acquisition of customers will be adversely impacted but the reputational impact is surprising since Kotak is considered to be a conservative bank with good processes and systems in place," said Kaitav Shah, banking analyst, Anand Rathi Brokerage. Shah said that it typically takes 6-12 months to emerge from a regulatory action depending on the severity and HDFC Bank also took more than 6 months to get permission from the central bank to restart the credit cards piece. "The perception of Kotak Bank has ta...