01 Apr , 2024 By : Debdeep Gupta
India yet to see meaningful FDI pickup despite 'China 1' narrative: Kotak report
Although global corporations keep off the Chinese shores and the China 1 strategy is in place backed by a slew of reforms, a report by Kotak Institutional Equities notes that India is yet to land a substantial surge in foreign direct investment (FDI).
Nifty hits fresh record high on the first day of FY25; Q4 earnings, US PCE data to guide markets
Indian equity benchmark Nifty50 hit a new high of 22,529.95 levels on April 1, the first trading session of FY2024-25, going past its previous record of 22,526.6.
Government raises $1.98 billion by selling stakes in companies in 2023/24
The Indian government has raised 165 billion rupees ($1.98 billion) in 2023/24 by selling its stakes in about 10 state-run companies, official data showed, about 9% lower than its internal target of 180 billion rupees.
BSE bulls try to spin NSE IPO story, no smooth SAILing, Street piggybacks big boys in Wockhardt, operators turn wary of PSUs
The big boys of the HNI club on Dalal Street are back at work in the BSE stock. After a stellar run between June and December last year, BSE's shares had been struggling for direction till a couple of weeks back. The story that BSE will wrest market share from NSE in the F&O segment has already been bought into. The theory being floated now is that the NSE’s IPO is likely to happen this year, and that could trigger another round of re-rating. Institutional holdings have already trebled between March end and December end last year. Bulls among HNIs may be wary of pushing the story too hard unless there are new believers at fund houses. Given the steep appreciation in the stock price, enough fund managers are looking to take some money off the table.
Experts list the top 10 bets for the April series as Nifty may hitch a bull ride above 22,500
The market traded higher for yet another week, with the Nifty 50 consistently defending the 10-week EMA (exponential moving average) despite recent correction and forming higher highs, and higher lows. The index traded above all key moving averages on the daily charts, while on the monthly charts, it has maintained higher highs, and higher lows for the fifth consecutive month ended on March 28.
0 Comment