Wednesday, November 27
Mumbai : A month-long decline in Indian equities triggered by record foreign institutional selling may not have dented the underlying strength in the majority of the larger stocks.Of 1,392 stocks with a market value of over ₹1,000 crore, 62% or 856 are trading above their 200-day moving average (DMA), a key long-term trend indicator. When a stock or an index trades above this level, it’s considered a bullish sign. Similarly, a stock or an index below its 200-DMA is said to be in a bearish zone. 114997211No Largecaps Trading Below 200-DMAHistorically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA s
Mumbai: Adani Energy Solutions, Kalyan Jewellers, Oberoi Realty, BSE, and Alkem Laboratories are likely to be included in the MSCI Global Standard Index, according to Nuvama Alternative & Quantitative Research. Voltas also has a 'borderline' chance of being added, added Nuvama.MSCI is expected to make a formal announcement of the index rejig on November 7, with adjustments scheduled for November 25.With foreign institutional investor headroom in HDFC Bank remaining above 20% in the quarter ended September, India's largest private-sector bank is set to attract an additional $1.8 billion in foreign inflows. 114996791Adani Energy Solutions could see an inflow of $306 million from passive investors if included in the MSCI index, while BSE is likely to attract $257 million. Oberoi Realty,
India is definitely among the handful of really interesting stories in the world today, says Brian Friedman, president of Jefferies Financial Group, one of Wall Street's fastest-growing firms. Friedman spoke to Nishanth Vasudevan about India, the US elections, and interest rate outlook among other topics. Edited excerpts from the interview:The last time you were in India in 2022, you said that the spotlight may come on India as never before. Does that assessment stay?When you start to look past the US today, there's a good argument that the most interesting market is India. Now the question will be the extent of the opportunity and the durability. If supportive policies continue and if corporates can grow their investments, this could be a fundamentally game-changing cycle. TBD (to be deci
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies. The US is India's largest trading partner, accounting for over USD 190 billion of annual trade. Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said that Trump may extend tariffs beyond China to include India and other countries. Trump had earlier called India a "large tariff abuser" and in October 2
