Cryptocurrencies fail to fulfil any of its traditional 3 functions: Gavin JacksonMay 1st, 2022 20:21 Although popular among young investors, investing legends have been vocal against the new asset class. 'Big Bull' Rakesh Jhunjhunwala has said cryptos will collapse one day. Charlie Munger, on the other hand, has described it as a "venereal disease" that is beneath contempt.
Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Shiba Inu fall up to 6%May 1st, 2022 20:20 Bitcoin, the largest crypto by market value, fell 2.43 per cent in the last 24 hours to $38,607.36. It is down 2.3 per cent in the last seven sessions. Ethereum tanked 3.5 per cent to $2,817.94. The second-largest cryptocurrency by market value has fallen 4 per cent in the last one week.
Andy Bell's tips to build a successful long-term investment portfolioMay 1st, 2022 20:20 "You can make investing as simple or as complicated as you want to. I favour simplicity and have always tried to make it as easy as possible," he wrote in his book The DIY Investor. According to Bell, there is no magic formula for investment success and the path to investment success varies depending on individual goals.
Wall Street Week Ahead: Rocky stock market faces Fed test with eyes on tightening plansMay 1st, 2022 20:20 Compounding concerns over monetary policy, investors have been riled by everything from rising bond yields to the war in Ukraine and more recently lockdowns in China. The market is also entering a historically weaker six-month period for stocks.
Big Fed rate hikes ahead, amid early signs hot inflation is peakingMay 1st, 2022 20:20 Sharply higher food and gas prices lifted overall inflation to a new 40-year high of 6.6% in March, data from the Commerce Department showed. At more than triple the Fed's target, hot inflation is why the central bank is widely expected to ramp up the pace of rate hikes with a half-point increase at each of its next three meetings, and continue raising rates through the end of the year.
Gold falls this month; Fed meet, Akshay Tritiya to guide prices in MayMay 1st, 2022 20:20 Gold has been directionless as support from geopolitical risks, inflation concerns and global growth worries is countered by Fed’s monetary tightening outlook which has pushed the US dollar and bond yields higher. Market players are now gearing for the next big event which is the US Fed’s monetary policy decision in the first week of May.
US Fed event eyed! A close above 17,400 could give strength to bulls: Mehul KothariMay 1st, 2022 20:20 During the month of April, the benchmark index lost over 2 per cent from March 2022 close but the bigger worry is that the index lost over 1,000 points from the top of 18,115. This indicates the dominance of bears. Now, on the daily chart of Nifty50, we are witnessing a ‘Death Crossover’ of the 50-day moving average and the 200-day moving average.
Crude oil price likely to trade between $98-114.50 range next weekMay 1st, 2022 20:20 Last week, crude oil lost nearly 5 per cent on demand concerns and extended additional 5 per cent losses on Monday. WTI crude oil made low of almost $96.35 and on MCX price fell to Rs 7,335 amid worries that prolonged COVID-19 lockdown in Shanghai and US rate hikes would dent global economic growth.
Auto sales preview: Wedding bells to help Hero Moto, TVS gain mojo backMay 1st, 2022 20:20 “Our interaction with leading industry channel partners indicates a recovery in two-wheelers (2Ws) owing to the marriage season and improved cash flows in the hands of consumers due to the harvesting of the Rabi crop,” said Jinesh Gandhi, Research Analyst at Motilal Oswal.
Positivity in Silicon Valley about India & its investment potentialMay 1st, 2022 20:20 In terms of the depth of our market, our market cap was less than 50 billion USD in 1992 and we didn't appear on any global ranking. Today, we are the 4th largest capital market in the world with over 3.5 trillion USD of market cap. That's 75x growth in 30 years.
As NFT prices drop, taxman could come knockingMay 1st, 2022 20:20 The tax department is sure to question the sharp drop in the valuation of these virtual digital assets, tax experts said. The department would scrutinise NFT transactions on suspicion that some of the money may have been accepted in cash to reduce the tax outgo.
Ajay Srivastava on 5 sectors where he will buy on dipsMay 1st, 2022 20:20 "We are very clear that after commodities, we will go into multiplex; if there is a large correction in QSRs, we will definitely buy that and lastly if there is a big correction in Investment Trusts we will definitely go buy more of that stock. So four clear categories of buying at this point of time. And the last bunch is if sugar corrects more, I will definitely be the first person to get in."
Siddhartha Khemka on why he would buy financials on dipsMay 1st, 2022 20:20 “ICICI Bank reported strong robust operating performance and that was a combination of the core PPOP performance, control provisions and improving asset quality. The business loan book growth was at 17%, mainly led by the retail which grew about 18%. The bank enjoys the lowest funding cost among private banks and which enables it to grow that business especially in the retail segment. So ICICI Bank at around Rs 760 is a good valuation attractive stock for retail investors to look at.”
Munger says retail trading firm Robinhood getting comeuppanceMay 1st, 2022 20:20 "Look what happened to Robinhood from peak to trough, wasn't it obvious something like that was going to happen?" said Munger. "When it came out and went public and everyone went gambling... it was disgusting... Now it's unraveling, God is getting just."
FPIs withdraw Rs 17,144 cr from Indian stock market in AprilMay 1st, 2022 20:20 Foreign portfolio investors (FPIs) remained net sellers for seven months to March 2022, withdrawing a massive net amount of Rs 1.65 lakh crore from equities. These were largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.
Five of top-10 most valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead winnersMay 1st, 2022 20:20 The market capitalisation (mcap) of Reliance Industries advanced by Rs 21,892.61 crore to reach Rs 18,87,964.18 crore. HDFC Bank's valuation climbed Rs 16,251.27 crore to Rs 7,68,052.87 crore and that of HDFC rallied Rs 3,943.09 crore to Rs 4,03,969.09 crore.
Day Trading Guide: Tata Motors among 6 stocks that analysts recommend for MondayMay 1st, 2022 20:20 NEW DELHI: It was a disappointing week for bulls on D-Street since every attempt made by the market to recover went in vain. Until the first half of Friday’s session, the benchmark index was doing well and almost reclaimed the 17,400 mark. However, a sharp selloff during the fag end of the session forced the index to nosedive almost 300 points from the day’s high to close near 17,100 mark.“For the coming week, we maintain our stance that till the time the support of 16,825 is held, we can expect some relief pullback in the market. On the other hand, the market would be out of the woods only above 17,400 mark since we are witnessing a death crossover of moving averages on the daily time frame of Nifty,” said Mehul Kothari, AVP - Technical Research, Anand Rathi Shares & Stock Brokers.
The superhero trap in investing and how to move beyond itMay 1st, 2022 20:20 Most of us believe in the superhuman. It is magnetic. We believe in people who tell us that it is possible to do in a month what the “alpha investor” has done annually over the past seven decades. This is a trap.
Trade Setup: Nifty may make a negative start to the week; stay lightMay 1st, 2022 20:20 Monday's session may see a negative start to the week. However, it may so happen that the index starts on a weaker note but see some stability going ahead. On Monday, we can expect the levels of 17,180 and 17,265 acting as resistance points, while supports are expected to come in at 17,060 and 16,950 levels.
LIC IPO investors said to bid for double of anchor bookMay 1st, 2022 20:20 Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors, the people said, asking not to be identified before an official announcement. LIC didn’t immediately respond to email seeking comment.
Buy Mphasis; target of Rs 3200: Motilal OswalMay 1st, 2022 20:20 Motilal Oswal is bullish on Mphasis recommended buy rating on the stock with a target price of Rs 3200 in its research report dated April 29, 2022.
Buy Maruti Suzuki; target of Rs 10000: Motilal OswalMay 1st, 2022 20:20 Motilal Oswal is bullish on Maruti Suzuki recommended buy rating on the stock with a target price of Rs 10000 in its research report dated April 29, 2022.
Neutral Biocon; target of Rs 410: Motilal OswalMay 1st, 2022 20:20 Motilal Oswal recommended Neutral rating on Biocon with a target price of Rs 410 in its research report dated April 29, 2022.
Hold Wipro: target of Rs 580: SharekhanMay 1st, 2022 20:20 Sharekhan recommended Hold rating on Wipro with a target price of Rs 580 in its research report dated April 29, 2022.
Buy Maruti Suzuki India: target of Rs 9820: SharekhanMay 1st, 2022 20:20 Sharekhan is bullish on Maruti Suzuki India has recommended buy rating on the stock with a target price of Rs 9820 in its research report dated April 29, 2022.
Buy UltraTech Cement: target of Rs 8600: SharekhanMay 1st, 2022 20:20 Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 8600 in its research report dated April 29, 2022.
Buy IndusInd Bank: target of Rs 1150: SharekhanMay 1st, 2022 20:20 Sharekhan is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1150 in its research report dated April 29, 2022.
Buy Biocon: target of Rs 420: SharekhanMay 1st, 2022 20:20 Sharekhan is bullish on Biocon has recommended buy rating on the stock with a target price of Rs 420 in its research report dated April 29, 2022.
Buy Laurus Labs: target of Rs 735: SharekhanMay 1st, 2022 20:20 Sharekhan is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 735 in its research report dated April 29, 2022.
Amazon ends Covid paid leave for US workers
May 1st, 2022 20:20
US-based staff will now get five days of excused, unpaid leave following a confirmed Covid-19 diagnosis, says Amazon
Suman Bery takes charge as NITI Aayog Vice Chairman
May 1st, 2022 20:20
He was also a member of the PM's Economic Advisory Council, Statistical Commission and RBI's Technical Advisory Committee on Monetary Policy
Tarsons Products raises Rs 306 cr from anchor investors ahead of IPONovember 14th, 2021 13:32 The company has decided to allocate a total of 46,21,757 equity shares to 32 anchor investors at Rs 662 apiece, aggregating the transaction size to Rs 305.96 crore, according to a circular uploaded on the BSE website.
Tarsons Products raises Rs 306 cr from anchor investors ahead of IPONovember 14th, 2021 13:32 The company has decided to allocate a total of 46,21,757 equity shares to 32 anchor investors at Rs 662 apiece, aggregating the transaction size to Rs 305.96 crore, according to a circular uploaded on the BSE website.
GMR Infrastructure Q2 results: Net loss at Rs 169 croreNovember 14th, 2021 13:32 The total income rose to Rs 2,135 crore during the quarter under review, compared to Rs 1,448 crore in the corresponding quarter of the preceding fiscal.
GMR Infrastructure Q2 results: Net loss at Rs 169 croreNovember 14th, 2021 13:32 The total income rose to Rs 2,135 crore during the quarter under review, compared to Rs 1,448 crore in the corresponding quarter of the preceding fiscal.