Markets

Shift some money from deposits to sovereign gold bonds, say experts

Posted on 2020-10-11T20:11:05+05:30 - markets

Wealth managers are advising clients—especially the rich-- to shift some money from fixed deposits to Sovereign Gold Bonds citing bullish outlook for gold and lower taxes.

Trade Setup: Nifty might see profit taking bouts, show resistance at 11,900-12,000 levels

Posted on 2020-10-11T18:59:58+05:30 - markets

Options data suggests resistance in the 11,900-12,000 zones and these levels will be crucial from the immediate short-term perspective.

Rakesh Jhunjhunwala reveals his pearls of wisdom, asks Robinhoods to stop trading​​

Posted on 2020-10-11T16:58:45+05:30 - markets

Rakesh Jhunjhunwala said trading in the stock market is a full-time profession and newcomers should let professionals handle their money.

Day trading guide for Monday's market

Posted on 2020-10-11T16:45:21+05:30 - markets

The index continued its winning streak for the seventh consecutive session and rallied by more than 1100 points in last eleven trading sessions. Now it has to continue to hold above 11,800 and further move towards 12,000 and then 12,200.

China funds targeting Ant IPO rake in $9 billion from over 10 million investors

Posted on 2020-10-11T15:42:44+05:30 - markets

An average of eight investors placed orders each second during the subscription period, highlighting retail frenzy over Ant’s IPO.

Why Covid-19 is Big Oil’s asteroid strike

Posted on 2020-10-11T15:33:12+05:30 - markets

For this horrible year, the International Energy Agency sees global oil demand 8.4 million barrels a day lower than it was in 2019.

FPIs pump in net Rs 1,086 cr so far in October

Posted on 2020-10-11T14:52:41+05:30 - markets

Going forward, continuation of accommodative stance by global central banks may ensure flow of foreign investments into emerging markets including India, said Himanshu Srivastava, Morningstar India.

AUM may remain flat in FY21, double-digit growth likely in FY22: Shriram Transport

Posted on 2020-10-11T14:41:26+05:30 - markets

As 90 per cent of its branches are in non-urban areas, the company has not been impacted much by the Covid-19 pandemic.

Is there a case for buying Asia stocks over US ones?

Posted on 2020-10-11T13:45:25+05:30 - markets

Since hitting an all-time low relative to the S&P 500 on Sept. 2, the MSCI Asia Pacific Index has outperformed the U.S. benchmark by almost five percentage points.

The week that was in 10 stocks: TCS beats Accenture, Thyrocare rallies, Vedanta slumps

Posted on 2020-10-11T13:43:24+05:30 - markets

Market barometer Sensex rose 4.68 per cent to 40,509.49 points, while peer Nifty climbed 4.36 per cent to 11,914.20 points during the week.

Mobile operators' revenues to improve in Q2: Analysts

Posted on 2020-10-11T13:23:19+05:30 - markets

Factors like increased recharges, reverse migration, and easing of lockdown curbs helped operators overcome an otherwise seasonally weak quarter.

Never mind the narratives: ‘This market wants to go higher’

Posted on 2020-10-11T13:11:22+05:30 - markets

Since bottoming 16 days ago, the index has surged 7.4%, sailing past a presidential Covid-19 diagnosis and one of the more contentious electoral debates.

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