The Fed just made its last rate hike of the year. Here’s what it means and what happens next.
Boy it’s great to be in your inbox this morning. Phil Rosen here. I had two televisions running yesterday, with France drubbing Morocco on one screen, and Jerome Powell attempting to beat down markets on the other. What happened in the World Cup was fairly straightforward — and the Fed’s half-point interest rate hike surprised […]
Centre to offload up to 5% stake in IRCTC via OFS, floor price fixed at ₹680
The Central Government will sell up to 5% stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) on the BSE and NSE on 15 and 16 December, as the government seeks to meet a steep divestment target for FY23. The floor price has been fixed at ₹680 a share, […]
Softer US inflation data drives Sensex 200 points higher
A lower-than-expected US inflation data raised hopes that Federal Reserve could soon dial back its inflation-taming interest rate hikes, providing a leg up to the equity market bulls. Key Indian equity indices opened higher on Wednesday, led by gains in banking, financial and IT stocks, ahead of the Fed meeting outcome tonight. BSE Sensex was […]
Reliance Industries is India’s most-visible company: Report
Reliance Industries Ltd, India’s largest corporate by revenues, profits, and market value, topped the 2022 Wizikey Newsmakers report as India’s most-visible corporate in the media. State Bank of India, ICICI Bank Limited, Bharti Airtel Limited, and One 97 Communications Limited, which owns Paytm, are the other firms in the top five rankings, Wizikey said in […]
Zee Business Stock, Trading Guide: 10 things to know before market opens on 13 December 2022
Zee Business Stock, Trading Guide: The Indian markets started the week on a volatile note and ended almost unchanged amid weak global cues, this is in continuation to the prevailing corrective phase. In a seesaw trade today, Nifty and Sensex settled at 18497.15 and 62,130.57, respectively. Meanwhile, a mixed trend on the sectoral front kept […]
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