ECONOMIC ANALYSIS
VET Coin Price Prediction & Forecast for 2024 to 2030 : Mudrex Research Team
VeChain (VET), a blockchain platform focusing on supply chain management, shows strong growth potential. With robust fundamentals, industry partnerships, and expanding market integration, VET's price has bullish projections from $0.03 to $0.50 by 2030. Continued adoption and innovations are key drivers for VeChain’s future success.
Stock Radar: NYKAA hits fresh multi-year high in August; should long term investors buy or book profits?
Nykaa Ltd, an e-commerce firm, has surged 20% in a month, reaching multi-year highs in August. Experts advise medium- to long-term traders to aim for above Rs 300 in the next 10-12 months. The stock recently broke out from a rounding bottom pattern and is trending above major moving averages, indicating sustained momentum.
As bulls push markets higher, Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Ahead of Market: 10 things that will decide stock action on Monday
Indian benchmark equity indices Nifty and Sensex ended flat in a highly volatile session on Friday, while global markets advanced after Federal Reserve Chair Jerome Powell stated that "the time has come" to reduce interest rates.
Are Indians really breaking bank deposits to buy mutual funds? Let's run a statistical test
An analysis by Bank of Baroda economist Dipanwita Mazumdar explores the correlation between Indian households shifting savings from bank deposits to mutual funds using Granger causality test and Cointegration regression. Despite growing mutual funds, both have increased at different rates. The share of bank deposits in household financial savings fell to 29.4%, while mutual funds rose to 6%.
As bulls control the street, top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
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There is more to banking than SBI and HDFC Bank: 7 bank stocks which are a kind of hybrid of PSU and Private banks
In the last few days, there has been a debate about PSU and private banks. A debate which partially has been ignited by the fact that in the last few trading sessions both the PSU and private banks have come under pressure. There is a third set of banks which once again not finding much mention on the street. But the fact is that over the last few years, they have been improving their performance. The reason for the improvement is simple, when RBI makes a change in law, it applies equally to all, whether it is HDFC banks or SBI or a bank which is neither private nor public and is some sort of hybrid. So, these lesser talked ones are a set which come with their own shortcoming and strength.
13 stocks which may benefit from recovery in rural consumption: From a tactical investment perspective
Post election, there are some sets of companies which have been outperforming the market, this is worth noting for two reasons, first they have been underperforming even in the pre election bull market, so why this sudden out performance and second, they common thread is that their top and bottom line has relationship with what is happening in the rural India. The commentary from some of the companies post their Q1 result has been positive as they see some green shoots in rural consumption. We take a look at the companies which might gain as the rural recovery picks pace.
Recession has its own losers & even winners: 5 stocks from pipes and wire sector with upside potential of up to 44%
Whether it comes or not, but the fact is that since the first week of August, there has been a talk of possible recession in the US. The first reaction was that of panic and then as usual, across the globe a trade got in motion to sell possible stocks and sectors which are going to get hit. There is enough evidence to show that if there is a recession then it is the metal sector stocks which get the hit first as the metal prices tend to come down. Already if one looks at performance of the metal stocks, they have under performed in the last two weeks. Now there is an inverse relationship between the falling price of metal and margins of the many user industries. So, while metal prices come down, metal stock gets hit, there is another set of companies which might end up gaining, in terms of margins and better bottomline. Given the fact that some of these companies have strong brands they should be on watch list for a possible short term tactical investing if and when the word “ R” is heard back on the street.
Crypto market insights: Effective strategies for volatile conditions
In a recent ETMarkets live stream, crypto trader Saketh discussed strategies for managing crypto market volatility. Key points included diversification, using stop-loss orders, and leveraging technical analysis. Emphasizing a long-term investment perspective, the session aimed to educate viewers on navigating the risks associated with the unpredictable crypto market.
ET Analysis: Project ramp-ups, deal flow to script IT show on D-Street
Top IT stocks such as TCS, Infosys, and Wipro lost 3-6% in August after initial excitement due to market volatility and US demand uncertainty. Despite solid June quarter results and new deals, slow project ramp-ups and cautious client budgets contributed to the decline. Improved profitability is expected due to falling employee attrition rates.
ET Analysis: Leave the food inflation target index well alone
Governor Shaktikanta Das stressed not to modify the existing inflation targeting framework, which aims for a 4% inflation rate. He pointed out food inflation's significant role in the consumption basket and cautioned that ignoring it may risk the hard-won stability in price levels. The existing framework ensures the credibility of economic stability.
US inflation rises moderately in June
The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis said on Friday. In the 12 months through June, the PCE price index climbed 2.5% after rising 2.6% in May.
CII Eastern Region, Bengal Chamber of Commerce and Industries host several sessions on post-Budget analysis
Industry leaders and economists gathered in Kolkata to discuss the Union Budget 2024-25. Sandeep Kumar from CII West Bengal highlighted the 17% increase in capital expenditure and the focus on youth skilling initiatives. Debasish Dutta appreciated the formation of trade clusters and emphasized the need to boost inland water transport. Subir Chakraborty, former President of The Bengal Chamber, commended the budget's support for MSMEs and the government's effort to skill the workforce. Additionally, the Indian Chamber of Commerce praised the budget's long-term sustainable development plans and its provision for enhanced credit guarantees for MSMEs.
ET Analysis: Investing in an ageing bull market
India's stock indices saw record gains in 2024, signaling an ageing bull market. Investors exhibit 'bear fatigue,' with Reliance Industries leading. Despite positive cycles, fine-tuning portfolios and risk management is key. Interest rates by the US Federal Reserve and potential Black Swan events could impact the market, reinforcing the need for cautious investment strategies, particularly in smaller shares.
US trade deficit widens in May on weak exports
The U.S. trade deficit widened for a second consecutive month in May, reaching $75.1 billion as exports decreased, potentially impacting economic growth in the second quarter; the goods trade deficit also rose to $100.2 billion, the highest since May 2022, with a 0.9 per cent increase, while services exports saw a boost from travel, helping offset declines in automotive and goods exports.
Ahead of Market: 10 things that will decide stock action on Tuesday
Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.
F&O stocks to buy today: Bharti Airtel, M&M among top 8 trading ideas for 10 June 2024
Experts provide stock recommendations from F&O basket and cash market for traders with short-term horizon.
Gold Price Today: Yellow metal opens slightly higher at Rs 72,914/10 gm; silver rises by Rs 1,100
Gold Price Today: In response to recent volatility in the bullion market, the August futures of gold opened 0.55% higher at Rs 72,914 per 10 grams, representing a gain of Rs 396. Both gold and silver rebounded from recent lows, attributed in part to interest rate cuts by the Bank of Canada.
Reality behind the 8.2% FY24 GDP growth is not as robust
The 8.2% FY24 GDP growth reflects a modest deceleration from 3QFY24 at 8.6%. Real gross value added growth slowed considerably in 4QFY24 to 6.3% from 8.3% in 1QFY24.
Stock Radar: Down 20% from highs! Bata India showing signs of bottoming out, offers better entry points
The footwear stock hit a 52-week high of Rs 1,770 on August 7, 2023, but failed to hold on to the momentum. The stock witnessed a steep decline that took it below the crucial short- and long-term moving averages. Short to medium-term traders with high-risk profiles can look to buy the stock for a target of Rs 1,550 in the next 1-2 months, suggest experts.
Gold holds steady as investors await US data for more Fed clues
Gold prices steadied as investors awaited U.S. economic data for clues on Federal Reserve's monetary policy easing. Spot gold stood at $2,326.86 per ounce and U.S. gold futures at $2,347.40.
Stock Radar: Up 40% from March lows! V-shaped recovery pushes FMCG scrip to fresh 52-week high in May
Shares of FMCG major Emami hit a high of Rs 588 on January 1, 2024, but failed to hold the momentum on daily charts. The scrip witnessed a steep fall toward 400 levels and quickly bounced back. Short-term traders can look to buy the stock now for a target of Rs 725 over the next 1-2 months, advise experts.
Charting the global economy: Europe inflation picks up before ECB meeting
Inflation in Europe rose more than expected in May, with consumer prices up 2.6% from last year, surpassing April's 2.4%.
Dow has best daily gain for year; indexes up sharply for May
The Dow and S&P 500 closed higher on Friday with the Dow notching its biggest daily percentage gain since November 2023. The Nasdaq ended slightly lower. The New York jury convicted former President Donald Trump of falsifying documents to cover up a hush money payment to a porn star.
US inflation rises in line with expectations in April
U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.
Crypto Talk: Election year economic policies could propel Bitcoin to new heights, predicts Rajagopal Menon of WazirX
2024 is projected to be a significant year for cryptocurrencies with government spending expected to rise, leading to a potential reduction in interest rates. Bitcoin's price surge post-halving is driven by factors like institutional demand and cyclical patterns. Rajagopal Menon says no one who has held Bitcoin for more than 4 years has ever lost money. Systematically buying Bitcoin every month, similar to investing in a mutual fund, can be an effective strategy.
POSH case reporting confined to a fraction of India Inc cos: Study
A recent analysis of 300 NSE listed companies reveals a concerning trend in reporting sexual harassment complaints under the POSH Act. Despite a rise in complaints, many companies reported zero cases, indicating possible non-compliance. Larger companies, with more resources, tended to report more cases, but size alone couldn't explain the low reporting. The findings emphasize the need for better awareness and reporting mechanisms to address workplace harassment effectively.
India benefiting from more investments coming into the country as less foreign investment going into China: UN expert
The UN highlighted India's 'very robust' economic growth, positioning it as an alternative investment destination for western companies. With less foreign investment going into China, India is attracting more western investments, solidifying its position as a key investment source.
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