MARKET CONDITIONS
![Pressure cooker like situation, toxic work environment, office till 2 AM! Yet Nvidia has the lowest attrition rate; here's why](https://img.etimg.com/thumb/msid-112844239,width-100,height-75,resizemode-4/news/international/us/pressure-cooker-like-situation-toxic-work-environment-office-till-2-am-yet-nvidia-has-the-lowest-attrition-rate-heres-why.jpg)
Pressure cooker like situation, toxic work environment, office till 2 AM! Yet Nvidia has the lowest attrition rate; here's why
Despite the exhausting working hours, only a few employees quit due to Nvidia's enormous salary.
![Value-for-money fashion spurs Trent's 129% surge](https://img.etimg.com/thumb/msid-112797199,width-100,height-75,resizemode-4/markets/stocks/news/value-for-money-fashion-spurs-trents-129-surge.jpg)
Value-for-money fashion spurs Trent's 129% surge
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
![Is the stock market closed today for Janmashtami?](https://img.etimg.com/thumb/msid-112759377,width-100,height-75,resizemode-4/markets/stocks/news/will-bse-nse-remain-closed-on-monday-for-krishna-janmashtami.jpg)
Is the stock market closed today for Janmashtami?
Share Market Open or Closed: Indian stock markets remains operational on Krishna Janmashtami, with Sensex and Nifty recording a 0.7-1% surge in the earlier week, marking the year's longest rally. Global markets also rose after U.S. Federal Reserve Chair Jerome Powell suggested a potential rate cut in September.
![Hindalco to list Novelis only at its desired valuation, says MD Satish Pai](https://img.etimg.com/thumb/msid-112731422,width-100,height-75,resizemode-4/markets/stocks/news/hindalco-to-list-novelis-only-at-its-desired-valuation-says-md.jpg)
Hindalco to list Novelis only at its desired valuation, says MD Satish Pai
Hindalco Industries will list its US subsidiary Novelis only at a desired valuation, delaying the IPO due to market conditions. The company aims for a valuation of $12.6 billion.
![Significant decline in job growth in FY24, IT & Textile sector labelled 'job destroyers': Report](https://img.etimg.com/thumb/msid-112705466,width-100,height-75,resizemode-4/jobs/hr-policies-trends/significant-decline-in-job-growth-in-fy24-it-textile-sector-labelled-job-destroyers-report.jpg)
Significant decline in job growth in FY24, IT & Textile sector labelled 'job destroyers': Report
India Inc. experienced a sharp slowdown in employment growth in FY24, with a mere 1.5% increase compared to 5.7% in FY23, according to a Bank of Baroda report. Only 90,840 jobs were added in FY24, down from 333,000 in the previous year. By March 2024, total employment across 1,196 companies reached 6.25 million, indicating a cautious approach by businesses amid economic uncertainty.
![Crypto market insights: Effective strategies for volatile conditions](https://img.etimg.com/thumb/msid-112564285,width-100,height-75,resizemode-4/markets/cryptocurrency/crypto-market-insights-effective-strategies-for-volatile-conditions.jpg)
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.
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AC makers' profits soar in April-June amid blistering heat
During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. Key players such as Voltas, Blue Star, Whirlpool of India, Johnson Controls-Hitachi, and Havells (owner of the Lloyd brand) reported substantial increases in both top-line and bottom-line metrics.
Avoid aggressive bets as markets may see volatility spike
Experts advised investors to exercise caution amid market instability. Nifty's potential downturn was linked to maintaining positions below 24,800 and VIX levels. Key stocks such as Nykaa, HDFC Bank, and Sun Pharma were highlighted. Important support and resistance levels were noted for Nifty, indicating potential market movements and recommended buying strategies.
Sonata Software pushes $1.5 billion revenue goal to FY27
Bengaluru-headquartered IT services firm Sonata Software surpassed $1 billion in consolidated revenue in the last fiscal year ended March 31. In its June quarter investor presentation, the company said it expects to add $500 million to the revenue in three-four years.
Be selective in all market conditions: 5 largecaps from different sectors with an upside potential of up to 38%
At a time when indices are making new highs, small and mid-cap stocks are moving higher and higher every day, talking about volatility and possibility of corrections is something not many may like. The fact is that Volatility does not give notice before coming so it is better to be prepared for it. Even in the best part of a bull run, corrective phases do come. As an investor, just be prepared for it. How does one prepare for it? One way is by sticking with large cap companies and that too one where there are some tailwinds for the business which will help them do better as compared to others in fundamental ways not just the stock price doing well.
Overall business sentiments in India buoyant in Q1 of 2024-25: NCAER-NSE Survey
As per the NCAER-NSE quarterly survey, released on Friday, the Business Confidence Index (BCI) stood at nearly 150 during the April-June quarter compared to 138 in the preceding quarter (January-March 2023-24) with 67% firms optimistic about the improvement in their own financial position, the highest since the third quarter of 2010-11 when it was 76%.
Hot market prompts InCred to shut multi-cap AIF, return money
InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.
In post-Covid job market, small towns offer big opportunities
Executives at large companies attributed the rise in talent demand in small cities to increase in consumption, rise in ecommerce and retail sales, and greater penetration of banks and financial services institutions. That apart, several companies in manufacturing sectors - like auto and electronics - are setting up their units outside large cities to expand the talent pool and due to the cost advantage.
Indian AC industry likely to double in next 4 years: Blue Star
Blue Star forecasts a significant growth in the air-conditioning industry in the next four years, driven by factors such as low penetration of room ACs and increasing middle-class consumers with high disposable incomes. The company's strategic plans aim to capitalize on emerging opportunities.
Better placed than many for all market conditions: 8 non cyclical consumer stocks including unexpected ones with upside potential of up to 38%
But there is a high probability of the second one being true. There are many businesses where the argument of disposable income has been cited, but if one looks at long term trends, they have been finally able to do better, whether slower or faster growth. We take a look at such stocks which are non cyclical in nature which one must keep on watch list.
Wage hikes-demand slowdown combo weighs on TCS first quarter net profit
TCS reported a 3.16% net profit drop to ₹12,040 crore in June due to wage hikes and macroeconomic uncertainties. Revenue increased to ₹62,613 crore, driven by a ₹15,000 crore BSNL deal. CEO Krithivasan noted geopolitical issues. AI, Cloud, IoT grew; $8.3 billion deal pipeline. Added 5,452 employees; 24.7% margin. GenAI pipeline at $1.5 billion; India business jumped 61.8%.
Climate Change: Emerging variable in monetary policy
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
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.
Stable economy boosts India's housing market to new heights, scales 11-year peak
The housing property market across India is seeing substantial growth in sales volumes, driven by stable economic conditions and continued confidence, even amidst higher mortgage rates. This uptrend is led by the top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad, propelling the country’s residential real estate market to an 11-year high in sales volumes during the first half of the year.
Heat wave over! AC stocks face rain-test after rallying 76% in 6 months
AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and secondary sales. Market growth relies on cooler penetration driven by purchasing power, not just rising temperatures.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
Tight liquidity forces banks to tap debt markets, shell out more
"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.
Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural economy. The agency also expects a decrease in FY25 growth rates from FY24 levels. The agency expects non-bank finance companies to focus on used vehicles as assets class, presenting a favorable risk-return in terms of asset quality and pricing power.
For volatile market conditions: 5 largecap stocks from different sectors with upside potential of up to 29%
Once again on Wednesday, there was a lesson for all who think that bull markets don't see volatility. All of sudden there was a sharp dip in Nifty and other broader market indices, except bank nifty which was trading in green thanks to the fact its largest constituent HDFC bank was trading in green. When valuations are high, volatility never gives notice before coming so one should always be prepared for it. Another point to be watched, if the frequency of the volatile phase increases and if it starts to happen every other fortnight, it might be an indication of profit booking. There is a possibility that as markets inch higher on index levels, there is some sort of rotational profit booking happening. So, it would be better to stay prepared for volatility. Another reason for staying with large caps is that valuations are high in large part of the mid and small caps and they are the ones which might lose more weight if there is any correction due to global reasons.
11,000% rally! Smallcap multibagger stock turns Rs 10,000 to Rs 11 lakh in 10 years
Refex Industries, a manufacturer of refrigerant gases, witnessed a remarkable 11,000% stock rally in the last decade. Recent data shows a 33% rise in shares in the last six months and a 44% increase in the last year.
Bajaj Finance Housing Fin arm to raise Rs 4,000 crore
Bajaj Finance's housing finance arm is set to raise ₹4,000 crore via an initial public offering (IPO) to meet RBI mandates, as confirmed by the company in a stock exchange filing.
Hindalco defers Novelis’ $945 mn US listing
Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
Hindalco-owned Novelis postpones US IPO
On Tuesday, Novelis, which is owned by the Indian billionaire Kumar Mangalam Birla's Hindalco Industries, announced the postponement of its initial public offering due to prevailing market conditions.
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