India stocks lower at close of trade; Nifty 50 down 1.10%
Investing.com – India stocks were lower after the close on Monday, as losses in the IT, Banking and Capital Goods sectors led shares lower.
Tag: stocks
European stocks kick off week on cautious note amid geopolitical tensions
European shares inched up on Monday, with defence stocks among top gainers, as investors assessed the wider implications of escalating tensions in the Middle East, while optimism around imminent interest rate cuts also aided sentiment.
Europe\’s largest money manager Amundi says bet on India, EM stock outside China for best returns
In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.
India set to exit FY24 with a GDP of $3.6 trillion; Tata Consumer, Birla Corp top bets
India set to exit FY24 with a GDP of $3.6 trillion. Strong market performance observed with significant returns. Various sectors like BFSI, Auto, Healthcare, Tata Consumer, and Birla Corp showcase growth potential.
Vijay Kedia raises stake in smallcap Global Vectra Helicorp, trims holding in 2 multibaggers in Q4
Global Vectra Helicorp is a private helicopter operator service and Kedia bought a 2.92% stake in the company in the previous quarter.
Avoid IT stocks; look for beaten down turnaround candidates in this volatile earning season: Sandip Sabharwal
Sabharwal advises caution in volatile markets, suggesting opportunities in capex stocks like NCC and Ahluwalia Contracts. He highlights the importance of minimal debt and strategic stock selection for long-term investment success. In IT, downside is limited, but valuations are not cheap and that is why the upside also is restricted. So, it is a no-go sector in Sabharwal\’s view.
Aditya Arora is bullish on Thermax and ONGC. Here’s why
Aditya Arora provides insights on stock recommendations, including ONGC and Thermax. He also advises on Senco Gold\’s strong performance, the bullish outlook on the metals pack, trading opportunities in Vodafone, and key levels for Nifty and Bank Nifty. Arora says: \”The metal index is trading at 9002 odd levels. I still think it is a buy; the upside which I see is 9500 to 9600.\”
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.30%
Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Financial Services, Cement and Retail sectors led shares lower.
Israel stocks higher at close of trade; TA 35 up 0.27%
Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Banking, Real Estate and Oil & Gas sectors led shares higher.
GIFT Nifty down 120 points; here\’s the trading setup for today\’s session
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.
Are banking fortunes set to surge with PSU sector\’s strength? Vinit Bolinjkar answers
“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”
Stocks in news: TCS, Anand Rathi, Aster DM, Bharti Hexacom, Varun Beverages
IT bellwether TCS reported better than expected numbers for the fourth quarter ended March as its profit rose 9% year-on-year to Rs 12,434 crore. Revenue from operations, meanwhile, jumped 3.5% year-on-year.