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Defensive stocks: FMCG is “passe”; 8 stocks from two sectors may be called “new defensives” with upside potential of up to 32%
1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? Second, is a stock which was considered a defensive in 1994 when the Indian economy was just opening, still a defensive stock in 2024 ? Third, should there be a new definition of defensive stock in 2024 ? Last but not the least, what are the new defensive sectors or stocks?
Asian shares hit 15-month high as traders wait for CPI
MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week.
ETMarkets Smart Talk: We like IT, financial services and banking as top sectors for growth in FY25: Sujan Hajra
Sujan Hajra discusses FY25 sectors like consumption, IT, and financial services. Consumption sector expected to rebound due to rising incomes. Financial sector may benefit from economic conditions and regulatory support. Market volatility, small & midcap valuations, gold vs. silver investment, FY25 Indian market outlook, investment sectors, semiconductor sector outlook are highlighted.
ETMarkets Smart Talk: Global semiconductor sector likely to reach a trillion-dollar industry by 2030: Anil Rego
Anil Rego foresees the semiconductor industry becoming a trillion-dollar sector by 2030, driven by automotive, data storage, and wireless industries. He recommends focusing on high-quality stocks in banking, auto & ancillaries, and building materials segments for incremental earnings. He also says risks are currently exogenous such as global slowdown and geopolitical uncertainty..
Auto staff may see another year of double-digit hikes
India's automotive sector employers are likely to offer higher than average pay rises in 2024 to retain talent. The average pay rise is expected to be 10.5% for automotive producers and 10% for suppliers, according to Deloitte's study. This trend is driven by high attrition, focus on electric vehicles, and robust auto industry performance.
Interim Budget 2024: Top 4 stocks from budget themed portfolio scan that could give 16-20% return
The upcoming interim budget and dim markets may impact the stocks related to defence, automobile, packaging, and insurance. Nifty's performance has breached past three week's low, indicating a potential stop on its bull run. The futures and options data in the Nifty derivative segment show some support at the current levels.
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India, Africa to be major contributors to 112 million barrel/day of peak global crude oil demand in 2030: S&P
The global demand for crude oil is expected to peak in 2030 at 112 million barrels per day, with India and Africa being major contributors, according to S&P Global Commodity Insights. The current global demand is at 103 million barrels per day. India and Africa are projected to drive an 8.73% increase in demand by 2030 due to increased industrial activities in the region, with growing use of clean cooking, automotive usage, and refinery setups in various economies.
PSU banks to shine, while metals struggle: Rajesh Palviya
“Despite the market's corrective phase, sectors like automobiles and real estate have maintained a bullish trajectory. The auto and real estate spaces appear promising even now.”
Smallcap stocks approaching 52-week high: Suryoday SFB, Sandhar Technologies, and Cyient show promising potential
Suryoday Small Finance Bank, Sandhar Technologies, and Cyient are among the BSE smallcap stocks nearing their 52-week highs, indicating the potential for a breakout. Suryoday has been steadily gaining momentum, while Sandhar reflects the market's confidence in its ability to capitalize on opportunities in the automotive sector. Cyient, a well-established engineering and technology solutions company, also exhibits strong potential for a breakout. Strides Pharma Science and Kirloskar Brothers are other notable stocks worth watching as they approach their 52-week highs.
How India's top 5 mutual funds reshuffled their portfolios in May
Mutual funds were net buyers in Indian equities during the month, adding stocks worth Rs 2,447 crore compared to selling Rs 4,533 crore worth of shares in April. Two private banks, ICICI Bank and HDFC Bank, remain among the top holdings of the top five AMCs including SBI Mutual Fund, ICICI Pru AMC, HDFC Mutual Fund, Nippon Mutual Fund, and UTI Mutual Fund.
ETMarkets Smart Talk: Unlike 2021 and 2022, India equity valuations no longer look expensive: Mohit Ralhan
The US Fed has signalled a pause while it waits for the impact of the policy rate hikes taken till now to percolate through the real economy. The labour market in the USA remains very tight and this is one critical area in which the US Fed expects to cool off.
Combining dividend yield & probability of capital gains for income generation
When they are reading about Nifty and Sensex moving upward for the last one month using a word like high dividend yielding stocks may not interest investors. Sometimes these stocks are tactical buys rather than long term investment. where one acquires them for their dividends, keeps them for a medium term and sells them when they give modest capital gains
Dividend yield & probability of capital gains: The non-classical combination of income from stock market
Stock price and dividend yields have an inverse relationship but before this inverse relationship kicks in there is a level of equilibrium. Now this level of equilibrium is a subjective level which moves according to the level of risk free interest rate which FD provides. But there is another equilibrium level which mathematical equations don't solve. As an investor one buys’ a stock with 4 percent dividend yield stocks what should be his expected return from capital gains or whether he should have it even.
ETMarkets Fund Manager Talk: Won’t like to be a jockey and invest in high flying stocks: Nishit Shah, PhillipCapital
India is relatively better placed with expected nominal GDP growth of 10-15% range for next 8-10 years. India has the ‘D3’ power which none of the other EM has: Democracy, Demography and Digitisation, and this is what will attract a lot of global liquidity.
Govt may raise the income tax exemption level from the current Rs 2.5 lakh in the Budget 2023: Mohit Nigam
Based on the rollover data, Nifty may stay on the positive side. For January Expiry, important levels to watch for are 18500 on the higher side whereas 17600 can act as support on the lower side.
Stock Radar: Up 14% in a week! A breakout from 8-year consolidation makes this stock an attractive buy
The recent momentum helped the stock to register a fresh record high in December. The stock rallied by over 14% in a week and over 11% in a month.
ETMarkets Smart Talk: Solar-related businesses may throw up next set of multibaggers: Samir Bahl
"We believe that sustainability and consumption themes will continue to play out creating the next set of multi-baggers. Clean energy, especially solar-related businesses have strong growth prospects. Further, the automotive sector which straddles both clean tech and consumption themes has great potential. Technology changes such as the introduction of affordable electric vehicles backed by a growing propensity to consume will drive growth, particularly in the two-wheeler market."
Silver is losing its safe haven status, better avoid long-term bets
Silver is an integral part of many green technologies. Since the world is moving towards a green economy, investment in decarbonization and electrification continues to grow. It is largely used in renewable energy solutions, especially in photovoltaic industries. Silver loadings are used in electric vehicles as well. These new and emerging applications are offering structural support to the metal.
Can this sector rebound after 4 years of underperformance?
Data showed Nifty Auto has consistently lagged the benchmark Nifty50 over the last four calendar years, yielding negative returns in two, in the face of multiple headwinds. On a year-to-date basis, the index is down 7 per cent as against a near 3 per cent fall in the NSE barometer.
Ahead of Market: 12 things that will decide stock action today
The headline index Nifty moved in a range of 88 points and fell below the crucial 15,700 level to form a bearish candle on the daily chart.
Dealers could lose up to Rs 6,000 crore: Retail auto sales may skid in April on COVID-19 curbs
Hundreds of showrooms have shut their doors amid curfews and strict restrictions on people’s movement in several cities and states. Fewer customers are visiting the dealerships that are open because of the fear of contracting the virus.
Record high fuel prices: Auto LPG 40% cheaper alternative: IAC
IAC said Auto LPG which is one of the cleanest and most economical gaseous fuels can emerge as a prominent alternative choice if supported by the right messaging and policy action.
How did we end up with this chip shortage?
Over the past two weeks, automakers across the world have bemoaned the shortage of chips.
Auto component makers performance likely to remain subdued in September quarter: Icra
The auto component industry was already impacted by muted demand in FY2020, with the industry witnessing 16 months of decline in volumes pre-COVID and was aggravated following the pandemic.
After SAIC & Great Wall Motor, China's Changan gears up for India entry
High-level delegates from China government-owned SUV maker have been regularly visiting India for the last few months and have finalised several decisions pertaining to its India entry, three sources aware of the matter told ET.
Premium on silver doubles due to weak supply
The current gold:silver ratio is expected to give a push to silver prices in the coming weeks.
Positive sentiment continues for manufacturing sector in Q4, capacity utilisation up at 80%: FICCI survey
Responses were drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 3.56 lakh crore.
Laureti to drive in electric-SUV DionX in India in 2021
The company is also in the process of investing USD 370 million (around Rs 2,577 crore) to set up a manufacturing facility at Puducherry with an initial capacity of 10,000 vehicles per annum which could be scaled up to 20,000 units by 2023.
Hiring in auto Inc expected to remain below 5% in FY 2017
Hiring for FY 2017 is expected to stay in low single digits of 0-5 percent in most areas like shopfloor, R&D, sales & marketing and different levels like mid-level and top management
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