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- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

- A + A NEW YORK/BENGALURU (June 27): Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines. "We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "The stocks that were up the most last week are the ones getting hit the hardest here today." The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes. Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening. However, data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business … [Read more...] about Wall Street sheds opening gains on losses in high-growth stocks

- A + A GDANSK/BENGALURU (June 27): UK's FTSE 100 ended at a more than one-week high on Monday, as an easing of Covid restrictions in China and the prospect of global infrastructure funding brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 rose 0.7% and hit its highest closing level since June 16, while the domestically focused mid-cap FTSE 250 index advanced 1.0%. Risk sentiment improved as easing Covid curbs in Shanghai and relaxed testing mandates in several Chinese cities supported base metal prices. "The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week," Hargreaves Lansdown analyst Susannah Streeter said. Oil majors Shell and BP both rose over 1.5%, leading gains on the index. Meanwhile, mining stocks Anglo American, Rio Tinto and Glencore gained between 1.7% and 3% after Group of Seven leaders pledged to raise US$600 … [Read more...] about Commodity stocks drive FTSE 100 to more than one-week high

- A + A NEW YORK (June 28): U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil. Investors have been hoping oil's slide from three-month peaks hit earlier in June could ease overall inflation concerns and allow the U.S. Federal Reserve to tighten policy less aggressively than initially feared. Still, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down. "It's not shocking given we're in a bear market that last week was a … [Read more...] about U.S. stocks fall after recent big gains; oil, yields rise

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

Vivek Sharma of Gulaq Inflation has definitely not peaked out. We might remain in a high inflation regime for much longer, feels Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. Sharma said the point of concern is the possibility of a hard landing of US economy because of the rising interest rates. Higher rates in-turn lead to FIIs pulling out money invested in India at increasing pace. This will have higher impact on stock markets than on economy. So the chances of a bear market are higher than that of a recession, said in an interview to Moneycontrol. Edited excerpts: Do you foresee a recession going ahead given the elevated oil prices? Elevated oil prices is definitely a cause of concern for Indian economy. Oil comprises about 20 percent of our import bill, so this directly impacts our current account deficit and puts pressure on rupee. Close But the bigger concern is the possibility of a hard landing of US … [Read more...] about Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. "We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which should be a good opportunity," he says during an interview with Moneycontrol . But, investors can focus on themes like electric vehicle (EV) ecosystem from Auto space, high beta large-cap private banks space and can start accumulating some of the midcap IT counters which corrected by 40 - 50 percent, he says. Excerpts from the interview: Do you think the Nifty50 has bottomed out after hitting a fresh 52-week low so far as chart patterns and sentiment indicators show? In recent times, more often than not, investors have seen markets staging bigger rallies after slightly bigger corrections or a market crash kind of situation. Hence, it … [Read more...] about Chart patterns hint at more downsides, wait for panic bottom at 14,000 on Nifty, says Mazhar Mohammad of Chartviewindia

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gland Pharma After delivering 27% earnings CAGR over FY17-22, GLAND is well-placed to sustain its earnings growth momentum over the next three-to-five years. It has been enhancing its offerings by adding complex products to its portfolio, scaling the product at the global level, expanding capacity to aid manufacturing, as well as increased backward integration. While constraints on availability of certain materials may hinder performance over the near term, GLAND is in good stead for consistent performance over the next three-to-five years. The 40% correction over the past 10-12 months, despite healthy earnings growth, provides sufficient cushion on the valuation front. The stock is trading at 30x FY23E EPS of INR89 and 23x FY24E EPS of INR113. … [Read more...] about Buy Gland Pharma; target of Rs 3700: Motilal Oswal