Metal stocks defy sell-off. NMDC, Vedanta rally up to 5%

Metal stocks defy sell-off. NMDC, Vedanta rally up to 5%

Metal stocks like NMDC, Vedanta and SAIL among others surged up to 5% in today’s intraday session, defying the broader market sentiment, still supported by China’s stimulus measures. Shares of NMDC surged 5% to day’s high of Rs 247 while NMDC Steel shares went up by 4.5% to Rs 55.22. Vedanta’s shares jumped 2% to … Read more

62 BSE500 stocks gave double-digit returns in September as market scales record highs. What’s next?

62 BSE500 stocks gave double-digit returns in September as market scales record highs. What’s next?

Indian equity markets scaled new highs in the month of September on the back of 50 bps rate cut by the US Federal Reserve, boosting the sentiments of investors that the easing cycle is here to stay. The markets clocked gains in three out of four weeks during the month. Benchmark Sensex rose 1.22% in … Read more

ETMarkets PMS Talk: “Strategic shift pays off” – How Purnartha’s portfolios beat the market in the last year

ETMarkets PMS Talk: “Strategic shift pays off” – How Purnartha’s portfolios beat the market in the last year

“Over the past year, our Pratham and Vision portfolios have delivered returns of 47% and 42%, respectively. In comparison, the BSE 500 has returned 41% and the NIFTY 50 has returned 31% over the same period” says Riya Oswal Bafna- Co-Fund Manager at Purnartha. In an interview with ETMarkets, Riya said: “We have expanded our … Read more

market: Earnings may keep market buoyant amid high valuations: Devender Singhal

market: Earnings may keep market buoyant amid high valuations: Devender Singhal

“But definitely there are pockets whereby the valuations are far ahead of the fundamentals to various reasons whether there is a frenzy or a low float or something like that,” says Devender Singhal, Kotak Mahindra AMC.Well, I think the market has been toppish for a while and that is what a lot of people have … Read more

market: ETMarkets Smart Talk: Why Jitendra Gohil is adding consumption and cutting exposure towards infra & midcaps

market: ETMarkets Smart Talk: Why Jitendra Gohil is adding consumption and cutting exposure towards infra & midcaps

“We have been adding consumption driven names and have been cutting beta by adding exposure to defensives such as Pharma, consumption and to some extent IT names,” says Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited. In an interview with ETMarkets, Gohil said: “We are cutting exposure in infra-related capital goods companies and … Read more

market: Market will continue to move sideways with some sector rotation: Seshadri Sen

market: Market will continue to move sideways with some sector rotation: Seshadri Sen

“We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years,” says Seshadri Sen, Emkay Global Financial Services. Well, I am just going through your latest note and it seems like you have … Read more

Paytm: Here’s why Vinit Bolinjkar is bullish on Paytm

Paytm: Here’s why Vinit Bolinjkar is bullish on Paytm

“So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the worst is behind them,” says Vinit Bolinjkar, Ventura Securities. How did you assess … Read more

Fund Manager Talk | Zomato’s turnaround inspiring confidence in other new-age stocks: Arvind Kothari

Fund Manager Talk | Zomato’s turnaround inspiring confidence in other new-age stocks: Arvind Kothari

Zomato’s success in turning around its financials and its strategic growth initiatives have inspired confidence in the potential of other startups, says Arvind Kothari, smallcase Manager & Founder at Niveshaay.“Additionally, their ability to adapt to market demands, leverage technology, and scale efficiently has further solidified their appeal,” he says when asked to comment on Dalal … Read more

Strong hybrids rev up to fly past EVs in green race as car sales make a pit stop

Strong hybrids rev up to fly past EVs in green race as car sales make a pit stop

Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite … Read more

Wall Street ends sharply higher as Powell cements September rate cut hopes

Wall Street ends sharply higher as Powell cements September rate cut hopes

U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In highly anticipated comments before the Jackson Hole Economic Symposium, Powell said “the time has come” to lower the Fed funds target rate, and “the upside … Read more