Новости за 07.11.2024

Wall Street's "fear gauge" - the VIX - tumbled the most since August to around 16. Trading on stocks spiked, with the S&P 500 volume 110% above the average of the past month.

In relative terms, however, the rupee's 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.

Exactly eight years ago, in 2016, when a reality TV star became US president, the global markets went into sharp decline on the day of surprise victory. In 2024, the reaction is the opposite – markets are rejoicing at his return. While there is nothing wrong in having a party, better be cognizant of some of the things the next US president brings to the table. One would be tariff wars. While China will be the main focus, there are areas where India will be in the picture. But there is one sector that is unlikely to face any trouble... Читать дальше...

Aditya Birla Sun Life AMC stock surged to new highs, breaking out of a two-month consolidation range. Experts suggest a target of Rs 875-955 in the coming weeks. The stock's upward trend is supported by its position above key moving averages and the bullish RSI and MACD indicators.

As the broader indices recovered this week, market breadth also saw an improvement. If the indices register a gain for a third straight trading session, we may have begun the process of forgetting what happened in the market in October – especially to mid-caps in the second phase of correction. Why are we mentioning this? Because there is a high probability that some part of domestic retail money will return to the market. And domestic money has a liking for mid-caps. Nothing wrong with that. Just remember... Читать дальше...

Select stocks gain momentum even in volatile markets.