Brokerage Reports: Goldman Sachs Downgrades India, UBS on Paytm, Macquarie on Zomato, JPMorgan on Bajaj Finance, Jefferies on SRF, Nomura on Persistent, HSBC on ICICI Pru Life

Goldman Sachs on India: Goldman Sachs has downgraded Indian equities from Overweight to Neutral, pointing to slowing economic growth and corporate profits. While the long-term […]

IMF 2024 Growth Projections Revealed: U.S. at 2.8%, Brazil 3.0%, Germany 0%, China 4.8%, India 7.0% – What It Means

The International Monetary Fund (IMF) has updated its economic growth forecasts for 2024, raising expectations for the U.S., Brazil, and Britain, while lowering them for […]

DII Investment Surpasses ₹4 Lakh Crore in 2024; October Inflows Reach ₹63,981 Crore Amid ₹67,310 Crore FPI Outflows, with Mutual Funds Investing ₹23,300 Crore in Equities and LIC Committing ₹1.3 Lakh Crore for the Fiscal Year

Domestic institutional investors (DIIs) have aggressively bought shares in the stock market, investing over Rs 4,04,593 crore so far this year, hitting a record milestone […]

SEBI New Regulations: Enhanced Disclosure for Asset Management Companies, Restrictions on Investment Advisories, and Concerns Over F&O Trading

The Securities and Exchange Board of India (SEBI) has announced new rules for Asset Management Companies (AMCs). Starting November 1, AMCs will have to publicly […]

Defense Stocks Slide: Mazagon Dock (-8%), Garden Reach (-8%), and Bharat Dynamics (-7%) Face Valuation Concerns; Retail Interest in PSUs Grows Despite Correction

Shares of defense companies, which were once market favorites, experienced another decline on October 22 as broader selling hit the small and mid-cap sectors. Notable […]

Ambuja Cements to Acquire 46.8% Stake in Orient Cement for Rs 8,100 Crore, Boosting Annual Capacity by 16.6 Million Tonnes

Ambuja Cements Ltd., owned by the Adani Group, has announced the acquisition of a 46.8% stake in Orient Cement Ltd. The deal values Orient Cement […]

Global Manufacturing PMI Signals Contraction for the Third Month in a Row

In September, the J.P. Morgan Global Manufacturing PMI fell to 48.8, indicating worsening operating conditions for the third consecutive month. This decline was the fastest […]

Brokerage Reports: Macquarie & Nomura bullish on Hyundai India, Bajaj Housing, Bajaj Finance, 360 One, City Union Bank, Ultratech, Dr. Lal PathLabs, AU Small Bank

Macquarie on Hyundai India: Macquarie has initiated an Outperform rating with a target price of Rs 2,235. They believe Hyundai India deserves a higher price-to-earnings […]

Goldman Sachs Predicts 3% Annual Return for S&P 500, Down from 13% Over the Last Decade

Goldman Sachs predicts the S&P 500 will see a much lower annual return of just 3% over the next decade, compared to the 13% it […]

Steel Demand Outlook for 2024-2025: Global Demand to Fall by 0.9%, India Projected for 8% Growth While China Faces 3% Decline

The World Steel Association has released an update on the Short Range Outlook (SRO) for steel demand in 2024 and 2025. They predict a 0.9% […]

Brokerage Reports on HDFC Bank, Kotak Bank, IndiaMART, Tata Cons, MCX, Zee, City Gas, RBL Bank, L&T Fin, Oberoi, TechM, Cement Stocks

HDFC Bank (JPM – Neutral, TP Rs 1750): HDFC Bank’s 2nd quarter profit was Rs 168 billion, up 5% year-on-year (ROE: 14.6%), which was 3% […]

Diwali Muhurat Trading 2024: BSE, NSE Schedule Special One-Hour Session on November 1

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced the timing for this year’s Diwali Muhurat trading session, which will be held […]