US Stock Reports, Quotes and News
Suzlon Energy\’s shares are poised to receive a $14 million boost from passive inflows due to increased weightage in the MSCI global standard index, as per Nuvama report.
Siemens shares soared 8.9% to a new 52-week high of Rs 7,243.60 on BSE following increased target prices by brokerages. The company also approved a scheme to demerge its energy business into a separate listed entity.
Liquid and money market funds have outperformed the one-year fixed deposit rate of 6.8%. Liquid funds yielded 7.13% returns, while money market funds delivered 7.15% over the past year.
Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company\’s announcement of a significant order win to the exchanges on Monday.
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Sandeep Raina of Nuvama projects Nifty50 levels at 24,000 to 25,000 based on expected EPS, influenced by Indian Elections and Middle East tensions. Market trends may align with US Fed’s policies, impacting inflation and equity performance. Raina further says that Indian markets will largely respond to the corporate earnings reports.
Sunil Damania, CIO of MojoPMS, discusses how sectors like PSUs, defence, railways, and pharma. FMCG sector may excel in FY2025. Damania says: \”Despite ongoing geopolitical tensions, the market seems to have adopted a selective deaf ear. The sustained rich valuations stem from optimism surrounding the Indian economy\’s potential and, consequently, India Inc.\’s performance.\”
Saurabh Mukherjea-run Marcellus\’ smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania\’s Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora\’s Helios India Rising fund saw a 5.51% gain.
Veritaas Advertising IPO GMP: Veritaas Advertising SME IPO opens to raise Rs 8.5 crore, offering shares at Rs 109-114. Proceeds to fund capital expenditure, lead managed by Horizon Management.
Indian Emulsifier IPO GMP: Indian Emulsifier\’s SME IPO, aiming to raise Rs 42.39 crore, offers shares at Rs 125-132 each. The company\’s revenue for Dec 2023 was Rs 48.7 crore with a net profit of Rs 6.75 crore.
Decide between home loan prepayment and equity investments in a bull market by evaluating risk, financial stability, and personal goals. Balance debt reduction with potential returns for a decision aligned with your financial well-being.
Decide between home loan prepayment and equity investments in a bull market by evaluating risk, financial stability, and personal goals. Balance debt reduction with potential returns for a decision aligned with your financial well-being.