A simple question which probably has the most complex answer. Till date which set of stocks have delivered best returns in 2024. Last year the narrative was about mid and small caps having outperformed the large caps. In the first half of 2024, there is no such narrative and no clear answer. There is historical evidence that when this happens in the next six to nine months, it is large caps which tend to perform well. This happens due to high valuation differential in mid and large caps is bound to reduce as mean reversion takes place. Читать дальше...
President Biden addresses concerns about his mental fitness and rhetoric in a TV interview, emphasizing his ability to lead. The interview touches on recent events, including the assassination attempt on Trump. Biden reaffirms his commitment to democracy and confirms his participation in the upcoming debate.
Sequoia is reportedly offering to buy Stripe shares at $27.51. The venture capital firm offered that price to limited partners in funds raised between 2009 to 2012 who might want liquidity for their shares, Axios reported Monday.
Reminiscing the days of his law school, Ramaswamy underscored how impressed he is with his "classmate" JD Vance getting the "strongest presidential ticket."
Four army personnel, including an officer, critically injured in a gunfight with heavily-armed terrorists, succumbed to their injuries early Tuesday in Doda district of Jammu and Kashmir, official sources confirmed. The encounter occurred when troops from the Rashtriya Rifles and the Special Operations Group of the Jammu & Kashmir Police launched a joint cordon and search operation in the Dhari Gote Urarbagi area of the Desa forest belt.
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
The wife of Sen. JD Vance of Ohio, Donald Trump's newly announced running mate, certainly has the credentials. A corporate litigator at a prestigious San Francisco law firm, Usha Vance has clerked for Supreme Court Chief Justice John Roberts and Justice Brett Kavanaugh when he was an appeals court judge, and earned degrees from Yale and Cambridge.
Sensex and Nifty hit record highs, driven by PSU banks and foreign inflows. Aurobindo Pharma rose 20%, with an overbought RSI, trading 9.5% above the mean. Tanla Platforms nears its 50-week average, trading sideways. IDBI Bank shows strong demand at 76, with the highest quarterly trading volume, and momentum approaching breakout.
Micron global chief business officer Sumit Sadana told ET in an interview that the semiconductor company hopes to kickstart its India unit by 2025. He also talked about the costs of AI products, and whether they will come down, investing in India's startup ecosystem and more.
Gold prices remain stable as market watches for Federal Reserve interest rate decisions. U.S. economic data release expected to provide more insights. Traders predict rate cuts in the coming months. India's platinum imports increase due to loophole usage. Silver declines, platinum slightly drops, palladium remains constant.
Sai Life Sciences, backed by TPG, has filed for a massive ₹5000 crore IPO. Sanstar's IPO opens on July 19. Northern Arc Capital and bulk container manufacturer Shree Tirupati have also received SEBI approvals for their IPOs. Sai’s offering includes a ₹800 crore fresh issue and sale of 61,573,120 shares. TPG holds 39.69% in Sai.
Zomato's shares hit a record high after a 20% platform fee increase in select areas, potentially boosting operating profit. Founder Deepinder Goyal's stake in the company is now valued at ₹8,464 crore. Analysts project a 6-7% EBITDA impact with the fee hike. Stock has surged over 84% in 2024.
A Wall Street Journal report revealed that hacker group NullBulge leaked over 1 terabyte of data from Disney's Slack channels. This data includes website management, ad campaigns, technology, and job evaluations dating back to 2019. A blog post detailed the breach. Disney is investigating, confirmed by a company spokesperson. Reporting by Priyanka in Bengaluru.
Banking sector set to shock investors with a dramatic drop in profits for June quarter! NII growth expected to slow down, squeezing margins and impacting net profit. Find out which banks are facing the biggest hit and how this could affect the sector's re-rating!
Vedanta Ltd initiates a qualified institutional placement (QIP) to raise funds, starting at a floor price of ₹461.26 per share. The aim is to raise ₹6,000 crore with an option for an additional ₹2,000 crore. Proceeds will be used for debt reduction and capital expenditure.
Oil prices decrease slightly due to concerns over China's economic growth and potential U.S. interest rate cuts. Houthi attacks on ships in response to Middle East crisis affect shipping routes. Russian official expects global oil market balance thanks to OPEC+ production agreement.
Public sector stocks have seen a significant increase in market capitalisation post-election results, with speculation of potential government stake sales. Valuations are high, posing challenges for further price appreciation. Retail investors are advised to be cautious and consider CPSE ETF for investment.
Wall Street rose Monday on Trump election hopes, Fed rate cuts. Small caps, transportation stocks led gains. The Trump assassination attempt increased odds, boosting Trump Media. PredictIt odds rose; Macy's fell after buyout talks ended. Fed Chair Powell noted resilience. Goldman Sachs impressed; solar firms slid; cryptocurrency, gun stocks up.
Domestic markets started positively, hitting new highs. Ajit Mishra suggests 'buy on dips.' Nifty has support at 24450, staying above 24400. Global markets mixed, oil dipped. Forex saw minimal changes. DIIs sold shares worth Rs 331 crore. Key Q1 results: Bajaj Auto, L&T Finance. Wall Street gained on Trump optimism, Fed rate cuts in September.
Happy Tuesday! India's global capability centres are evolving into front offices for multinational corporations. This and more in today’s ETtech Morning Dispatch.
Mumbai: Banks plan to collectively raise ₹40,000 crore in the second half for expansion. PNB, Union Bank, and others seek approval at AGMs, adhering to RBI norms. Analysts discuss government shareholding, PNB's sequential growth, fundraising plans, and premium valuations from Motilal Oswal, Dolat Capital, and Ashika Stock Broking for credit growth.
During the Argentina vs. Colombia match at Miami's Hard Rock Stadium, Lionel Messi sustained an ankle injury and was substituted for Nicolás González. Lautaro Martinez, the Golden Boot winner, scored the only goal, securing Argentina their 16th Copa América title. Messi, aged 37, was visibly distressed, confirming this was his final Copa América. Scaloni praised his will to keep playing despite injury, with Argentina's squad huddling around him post-match. Martino noted Messi's family is preparing for his career's end... Читать дальше...