Fluctuate in stocks

With the storm raging in the Indian equity space through the past six to nine months, the benchmark indices have gone into a tailspin. The market is singed by an unabated flight of capital by foreign portfolio investors, economic challenges, and geopolitical uncertainties. The benchmarks are trailing more than 16 percent from their all-time highs scaled in October 2021. The 30-share BSE Sensex has lost close to 16 percent from its peak while the widely tracked Nifty 50 has tumbled nearly 18 percent from its all-time high. So far in 2022, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. The kind of beating suffered by stocks across sectors can be gauged from the fact that more than 85 percent of them from the universe of BSE 500, which is a collection of biggest companies in the country, are trading well below their 200-day moving average (DMA). Now what is this 200 DMA and what does it indicate? Close … [Read more...] about As 85% stocks from BSE 500 trade below 200-day average, experts advise caution

"Aanyone investing in the equity markets should not be swayed by short-term gains or losses. The long-term market returns should make up for the fact that the market has had a poor run in 2022 till now," Puneet Sharma, President of The Fund and CEO of Whitespace Alpha, says in an interview with Moneycontrol . He believes that in the long term, the IT sector and Nifty50 stocks, in general, are expected to generate an annualized return between 12 percent to 15 percent. Let's start with IT. This has been the biggest loser in this calendar year. Do you think it is time to turn bullish on the space? The IT sector has taken a beating in the stock market in recent times, there are no two ways about it, with the Nifty IT index down by approximately 25 percent from its peak. However, these companies have significant strengths and that has not changed. Part of the IT sector's fall is defined by downgrades because of earning shortfalls and FIIs pulling out capital on the back of … [Read more...] about Puneet Sharma of Whitespace Alpha expects Nifty50 stocks to fetch 12-15% return in long term

- A + A NEW YORK (June 25): With US stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief or more of the same. By any stretch, the first half of 2022 (1H22) has been a challenging one for investors. The S&P 500 is down around 18% year-to-date, on track for its worst first half of any year since 1970, according to S&P Dow Jones Indices, as the US Federal Reserve (Fed) tightens monetary policy in its fight against the highest inflation in decades. Bonds, which investors typically count on to counterbalance stock declines in their portfolios, have fared little better: The US bond market, as measured by the Vanguard Total Bond Market Index fund, is down 10.8% for the year to date, putting it on pace for its worst performance in modern history. With investor expectations fluctuating between continued high inflation and an economic … [Read more...] about Bruised US stock investors brace for more pain in 2H22

- A + A PORT KLANG (June 29): The implementation of the chicken buffer stock initiative by the Farmers’ Organisation Authority (LPP) is expected to be able to cover 20% of the domestic supply through the importation of 4,536 tonnes of the protein source from Thailand in stages until the end of July. LPP director-general Datuk Azulita Salim said the buffer stock could also be used to offset price fluctuations if there were areas in the country facing a shortage of chicken supply. She said an allocation of RM50 million had been approved by the Cabinet for the implementation of the programme. “All the chickens that enter the country through this programme are halal-certified and have obtained approval from the Department of Veterinary Services,” she said after inspecting the cold room facility of the Selangor State Farmers’ Organisation (PPN) on Wednesday (June 29). She said for a start, six containers — each containing 20 to 21 tonnes of chicken — would be imported … [Read more...] about LPP importing 4,536 tonnes of chicken from Thailand to be used as buffer stock

Berkshire Hathaway CEO Warren Buffett. Business magnate Warren Buffett believes that people should not buy stocks unless they expect to hold them for a long time. In a video shared by Instagram handle Warren Buffett Videos , the Berkshire Hathaway CEO was seen advising investors to be prepared for stocks to fall as much as 50 percent. “There have been three times in Berkshire history when the stock went down 50 percent,” he added. “Now if you owned it or borrowed money, you could have been cleaned out.” Warren Buffett added that there was nothing wrong with Berkshire when its stock plunged. He emphasised that investors need to have the right psychology or they will end up buying and selling shares at the wrong time, thinking they have to act because of price fluctuations or depending on what others tell them. He said holding stocks required the same amount of financial and psychological preparation as holding a farm. Close In the past, Buffett has … [Read more...] about Investing 101: Warren Buffet bats for long-term mindset

- A + A KUALA LUMPUR (June 23): Bursa Malaysia erased early gains to end flat following a choppy trading session amid cautious investors sentiment on concerns over inflation, a dealer said. At 5 pm on Thursday (June 23), the benchmark FBM KLCI had fallen 0.05 of a point to 1,431.05 from Wednesday's close at 1,431.10. The key index, which opened 3.40 points firmer at 1,434.50, fluctuated between 1,427.78 and 1,441.47 throughout the day. On the broader market, losers beat gainers 500 to 348, while 410 counters were unchanged, 1,008 untraded and nine others suspended. Total turnover shrank to 2.34 billion units worth RM1.56 billion from 2.72 billion units worth RM1.9 billion on Wednesday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local market was dragged down by selling mainly of energy, industrial products and real estate investment trust (REIT) stocks. Regionally, he said the key indices closed mostly higher due to … [Read more...] about Bursa erases early gains to end flat amid choppy trading

- A + A JERTIH (June 23): The Ministry of Agriculture and Food Industries is always monitoring the price of fuel including diesel to ensure that any price increase of the commodity will not affect the country’s food sector, especially the fishery sub-sector. Agriculture and Food Industries Minister, Datuk Seri Dr Ronald Kiandee, however, said, the fuel for use by Class A, B and C fishermen has been subsidised by the government since 2006. He was speaking to reporters after officiating at the state-level Farmers, Livestock Breeders and Fishermen’s Day celebration at Dataran Pekan Jabi here on Thursday. Meanwhile, he said the fish supply stock in the country is currently sufficient although it depends on the weather situation. Asked on the uncertain prices of seafood, he said this is a normal situation as it depends on demand and supply factors. “Sometimes, there’s an over-supply of fish and at other times, there's a slight drop, resulting in price fluctuations … [Read more...] about Ministry monitoring fuel cost increase

- A + A KUALA LUMPUR (June 24): Bursa Malaysia ended the last day of the week on a higher note, with buying interest seen mainly in technology and healthcare stocks and selling in plantation counters, said a dealer. At 5pm on Friday (June 24), the benchmark FBM KLCI settled 5.65 points, or 0.39%, higher at 1,436.70 from Thursday’s close at 1,431.05. The key index, which opened 0.25 of a point higher at 1,431.30, fluctuated between 1,431.30 and 1,440.73 throughout the day. On the broader market, gainers beat losers 519 to 345, while 405 counters were unchanged, 1,020 untraded and 10 others suspended. Total turnover expanded to 2.46 billion units worth RM1.47 million from 2.34 billion units worth RM1.56 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the KLCI trended higher due to bargain-hunting activities amid improving sentiment across the region. "The key regional markets continued to trend higher following … [Read more...] about Bursa ends on higher note

Representative Image Gold prices eased on Wednesday in the international markets as the dollar firmed up, although bullion still traded in a narrow range as investors awaited fresh cues from top central banks on their monetary policy plans, especially from the US Federal Reserve. Spot gold fell 0.3 percent to $1,827.03 per ounce by 0231 GMT, extending losses to a fourth straight session. US gold futures dropped 0.6 percent to $1,828.10. At 9.33am, gold contracts were trading 0.33 percent lower at Rs 50,595 for 10 grams on the Multi-Commodity Exchange ( MCX ), while silver was down 1.3  percent to Rs 60,476 a kilogram. Gold prices traded weak on Wednesday with spot gold prices at COMEX were trading 0.31 percent down near $1,828 per ounce in the morning trade. Gold prices fluctuated below $1840 per ounce struggling to find a way on stronger dollar despite of weaker bond yields. The market sentiments are mixed over recession worries and aggressive Fed stance, said Tapan … [Read more...] about Gold Prices Today: Experts see range-bound movement in yellow metal; support around Rs 50,200

- A + A KUALA LUMPUR (June 27): Bursa Malaysia closed broadly higher on Monday (June 27) on persistent buying interest mainly in technology and energy stocks, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.42 points to 1,438.12 from Friday's close of 1,436.7. The benchmark index, which opened 2.12 points higher at 1,438.82, fluctuated between 1,431.65 and 1,441.03 throughout the trading session. On the broader market, gainers beat losers 546 to 365, while 393 counters were unchanged, 1,004 untraded, and 55 others suspended. Total turnover expanded to 2.65 billion units worth RM1.43 billion from 2.46 billion units worth RM1.47 billion on Friday. Key regional markets also continued to trend higher following positive cues on Wall Street including the upbeat performance of the tech-heavy Nasdaq Composite last Friday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI, which ended 0.1% … [Read more...] about Bursa ends broadly higher