Q3 results this week!
Sun, Feb 11, 2024 12:55 PM

Q3 results this week!

Many top companies including M&M, Coal India, Eicher Motors, and BHEL are set to release their quarterly reports this week. This includes a variety of industries such as finance, auto, and pharmaceuticals. Investors will be paying attention to see how these companies have performed in the last quarter.

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How soon until the S&P 500 tops 6,000?
Sun, Feb 11, 2024 12:42 PM

How soon until the S&P 500 tops 6,000?

The S&P's 500 Index finished this past week with a big flourish, closing above 5,000 for the first time. Bulls are ecstatic, seeing an economy coping with high interest rates that the Federal Reserve seems likely to cut some time this year. Ed Yardeni of Yardeni Research has been among the most bullish of the bulls, calling for the S&P 500 to reach 5,400 this year and 6,000 in 2025.

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Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion
Sun, Feb 11, 2024 12:39 PM

Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion

Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. SEC of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8. The collective value of the shares of Amazon, which is based in Seattle was more than $2.04 billion, per the listed price totals.

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Tech stocks' huge gains shouldn't make investors fear dot-com bubble 2.0
Sun, Feb 11, 2024 12:36 PM

Tech stocks' huge gains shouldn't make investors fear dot-com bubble 2.0

Tech stocks are soaring, leading to fears of another dot-com crash. However, experts say the current hype is not the same as the 1999 bubble, due to key differences such as the profitability of mega-cap tech firms and a different financial environment. Tech companies today are more solid and valued on their growth potential rather than just promises.

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ONGC Q3 Results: Net profit drops 7.9% to Rs 10,748 cr
Sun, Feb 11, 2024 12:35 PM

ONGC Q3 Results: Net profit drops 7.9% to Rs 10,748 cr

ONGC reported a consolidated net profit of Rs 10,748 crore in the December quarter with a 2.2% decrease in revenue from operations. The company announced a dividend of Rs 4 per share for eligible shareholders by March 10. This marks a dip from the previous year's revenue of Rs 1,69,213 crore. This is an ongoing story.

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ECB’s March Projections Key for Rate Path, De Cos Says
Sun, Feb 11, 2024 12:33 PM

ECB’s March Projections Key for Rate Path, De Cos Says

ECB's inflation and growth outlook for March will determine when interest rates will be cut, as stated by Governing Council member Pablo Hernandez de Cos. The projections will also play a crucial role in achieving the bank's 2% target and setting a compatible rate path. ECB officials are considering a loosening of monetary policy in summer based on an update of their medium-term inflation outlook.

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CBIC cautions against fake GST summons
Sun, Feb 11, 2024 12:32 PM

CBIC cautions against fake GST summons

CBIC warns against fake GST summons, asks taxpayers to verify communication. DGGI has noticed individuals creating fraudulent summons with DIN numbers. DGGI taking action and advising taxpayers to report suspicious summons. Taxpayers can verify communication using 'VERIFY CBIC-DIN' window or DIN Utility Search. Report suspicious summons to DGGI/CBIC office for necessary action.

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Dalal Street Week Ahead!
Sun, Feb 11, 2024 12:30 PM

Dalal Street Week Ahead!

Indian equity markets closed lower for the week ended February 10 amidst high volatility as hopes of early rate cuts by the US Fed and RBI diminished. Analysts expect markets to remain volatile in the coming week with focus on Q3 FY24 earnings, January inflation numbers in India and the US. Nifty fell 0.32% to close at 21,782.5 while BSE Sensex dropped 0.67% to finish at 71,595.49.

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Mid-rated corp bond issuers see sharp improvement in debt metrics: CRISIL
Sun, Feb 11, 2024 12:25 PM

Mid-rated corp bond issuers see sharp improvement in debt metrics: CRISIL

Corporate debt investors should focus on mid-rated bonds, especially 'A' rated ones, as these companies have improved their debt protection metrics. This perception may be due to higher volatility and default risk, but recent studies have shown that mid-rated issuers have strong financials. This presents a win-win opportunity for both investors and issuers.

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Tax-saving investments for senior citizens: Here are 4 ways to maximise it
Sat, Feb 10, 2024 2:00 PM

Tax-saving investments for senior citizens: Here are 4 ways to maximise it

Financial planning is necessary for a stable retirement, and tax planning is a key component. Senior citizens can lower their taxes by investing in tax-saving fixed deposits, public provident fund, tax-free bonds, and equity linked savings schemes. These options provide tax benefits and secure returns to help seniors save up to Rs 1.5 lakh annually. It is important for seniors to research.

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This multibagger stock turns Rs 10,000 to Rs 5 lakh in just 4 years.
Sat, Feb 10, 2024 2:00 PM

This multibagger stock turns Rs 10,000 to Rs 5 lakh in just 4 years.

Gensol Engineering has seen a massive 5200% increase in its stock price since listing, making it a highly profitable investment. The company has successfully installed over 600 MW of solar power plants and expanded into the electric vehicle market. Technical analysis shows potential for the stock to continue rising, but investors should be cautious of overbought levels and consider buying.

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Bezos sells $2 billion of Amazon shares in first major stock sale!
Sat, Feb 10, 2024 1:59 PM

Bezos sells $2 billion of Amazon shares in first major stock sale!

Jeff Bezos sold 12 million shares of Amazon, worth $2 billion, this week. He may sell up to 50 million shares over the next year, taking advantage of the company's soaring stock prices and bringing his net worth to nearly $200 billion. He has sold over $30 billion in shares since 2002, mostly through gifting.

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Natural gas prices shed over 24% since January. What’s next?
Sat, Feb 10, 2024 1:58 PM

Natural gas prices shed over 24% since January. What’s next?

US natural gas prices have fallen by 24% this year due to a combination of factors, including short selling, decreased buying interest, and expectations of increased output. This decline has been ongoing since last year, influenced by supply and demand dynamics and adverse weather conditions. However, there is potential for market volatility this year due to geopolitical risks and concerns.

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Canara Bank may join Team Nifty Bank, inflows of $73 million expected
Sat, Feb 10, 2024 1:57 PM

Canara Bank may join Team Nifty Bank, inflows of $73 million expected

Bandhan Bank may see outflows while Canara Bank is expected to gain inflows worth $73 million as a result of the Nifty Bank index rejig, which will take place in March. Canara Bank's stock split and strong performance could help maintain its position in the index, while Shriram Finance and UPL are likely to be replaced in the Nifty 50 index. Other banking giants HDFC Bank and ICICI Bank.

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UK: Bellway sees lower home loan rates easing affordability woes
Sat, Feb 10, 2024 1:57 PM

UK: Bellway sees lower home loan rates easing affordability woes

British homebuilder Bellway Plc has seen improved booking rates in recent weeks due to cuts in home-loan rates, but remains cautious about future risks to customer demand and cost inflation. The housing market has shown signs of recovery, with increased mortgage approvals and rising house prices. Bellway is confident in its plans to open 40 new sites in the second half of the year.

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