Samir Arora has zero allocation in stocks of this sector for the first time ever
Samir Arora, founder and fund manager at Helios Capital, remains negative on IT stocks. “For the first time in our history, we have zero allocation in IT,” the fund manager told Reuters. The slowdown in the global economy will have a significant bearing on their business, leading to earnings disappointments, he said. After a significant […]
Worries over likely global slowdown weigh on IT companies
IT sector stocks extended their losses on Friday, with the S&P BSE Information Technology index correcting 5.72% since its highs on 1 December, prompting analysts to warn that a potential slowdown in business on global recession fears is leading to the correction. The fears were accentuated by HCL Technologies expecting growth to be at lower […]
These stocks announce bonus issue, stock split: Check here
Under 1:1 bonus issue, the company will issue one new bonus equity share for every one existing fully paid-up equity share to its shareholders. While a 1:2 stock split means that the company’s one equity share with a face value of ₹10 each will be subdivided into two equity shares having a face value of […]
FPIs turn net sellers this week in equities, inflow at ₹4,500 cr so far in Dec
In the market week that ended on December 9, foreign portfolio investors (FPIs) made more selling in the equity market tracking broad-based selloffs globally. Although RBI’s softer rate hike by 35 bps in repo rate could have lifted the market’s cautious mood, however, it would be the central bank’s stance that remained unchanged indicating the […]
Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023
Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023 Business Standard Source link
Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News | Moneycontrol
Market LIVE Updates: Indices at day’s low, Nifty around 18,550; IT, power under pressure Moneycontrol Source link
Relatively high valuation of India’s stock market could impede outperformance: HDFC Securities
India’s equity markets outperformed most major markets over the last two years. Now, as we look forward to 2023, India’s relative valuations appear to be an impediment to further outperformance, and while India will continue to attract foreign fund flows, there is a likelihood of more money going to other emerging markets, which are playing […]
Markets may remain range-bound ahead of US Fed policy meeting
NEW DELHI/MUMBAI : Stock markets fell on Wednesday after the Reserve Bank of India’s monetary policy meeting, as investors digested the hawkish tone of the central bank and its decision to keep the policy stance unchanged. The monetary policy committee (MPC) also trimmed its FY23 GDP growth to 6.8% from the earlier 7%. The Sensex […]
Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News | Moneycontrol
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No of unicorns drop to 85 in India as valuation erode amid global turmoil
New Delhi, Dec 6 (IANS) The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of their valuations while investors stay back amid the prevailing global economic turmoil. According to […]
