Goldman Sachs sees stocks enduring 'less pain but also no gain' in 2023

Goldman Sachs' 2023 equity outlook report says the benchmark S&P 500 is likely to remain unchanged next year, muted by zero earnings growth across Corporate America. The firm's three-month target for the index is 3,600 — a drop of roughly 10% from the current level as of Friday's close.
#GoldmanSachs #News #Business #Markets


6 hours ago

German electronic manufacturing firm Hama enters India market

Hama has signed pacts with Supertron Electronics Pvt Ltd., Creative Newtech Ltd and Limonics Distribution for pan-India distribution. The company plans to launch over 300 products with the promise of premium German quality at an affordable price. With over 18,000 products, Hama offers a diverse range in over 70 countries.
#Hama #German #India #News #Business #Markets


6 hours ago

Housing finance stock declares interim dividend, FIIs raise stake in Q2

For the Financial Year 2022–2023, the corporation has announced an interim dividend of Rs. 2 per equity share. The payment of Interim Dividend will be made on or before Friday, December 23, 2022. The shares of Aptus Value Housing Finance India Ltd closed today on the NSE at ₹313 apiece, down by 0.096% from the previous close of � 313.30.
#AptusValueHousingFinanceIndiaLtd #News #Business #Markets


6 hours ago

Deadline To Comply With Digital Lending Norms To End On Nov 30 — Check New Rules Here

The Reserve Bank of India has given regulated entities engaged in digital lending until 30 November to ensure existing digital loans comply with new lending guidelines. The deadline to abide by new digital lending norms for the entities will end on November 30, 2022. The regulator reiterated that it was the duty of banks and non-bank lenders to ensure that its outsourcing partners adhered to the rules.
#ReserveBankofIndia #News #Business #PersonalFinance


7 hours ago

Banks Can Now Sell Up To 9 Insurance Policies — Here'S What It Means For Policyholders

Insurance Regulatory and Development Authority of India (IRDAI) has increased the maximum number of tie-ups for Corporate Agents (CA) and Insurance Marketing Firms (IMF) This means that banks, which work as corporate agents of insurance companies, can now sell up to 9 policies. IMFs, on the other hand, can do the same for six policies.
#InsuranceRegulatoryandDevelopmentAuthorityofIndia #News #Business #PersonalFinance


10 hours ago

Social unrest in China drags Asian markets; SGX Nifty indicates a loss of 100 points - Dalal Street Investment Journal

Social unrest in China drags Asian markets; SGX Nifty indicates a loss of 100 points. Hang Seng has crashed over 4 per cent. Brent crude has slipped to USD 83 per barrel. FIIs have bought shares worth Rs 369 crore while DIIs have sold to the tune of Rs 295 crore.
#SGXNifty #Asian #China #News #Business #Markets


15 hours ago

No, Mr

Systematic Investment Plan (SIP) in mutual funds (MFs) is giving sleepless nights to Santosh Iyer, head of sales and marketing at Mercedes-Benz India. Iyer is reported having said that while there are 15,000 people inquiring about luxury cars every month, the actual order size is 1,500 units.
#Iyer #Merc #Plan #News #Business #PersonalFinance


11 hours ago

Nifty weekly strategy: Nifty headed towards 18,800 this week; go for bullish Call Spread: ICICIdirect - The Economic Times

Nifty closed near its life high during November expiry as sharp up move was seen in the last hour of the settlement. We expect Nifty to remain positive amid prevailing risk on sentiments and expect it to gradually move higher towards 18,800 levels. FIIs net longs are at one of the highest seen in last few years.
#TheEconomicTimes #News #Business #Markets


11 hours ago

Brokerage stocks bleed despite markets hitting record highs! Can they rebound? - The Economic Times

After a fantastic 2021 for both Indian equities and brokerage companies’ stocks, 2022 turned out to be a not-so-good one for both. Shares of brokerages that turned multibaggers in 2021, have corrected significantly from their peaks this year. Volatility in the market, competition from low-brokerage platforms such as Zerodha and Groww, new margin rules imposed by Sebi, and physical delivery settlement in derivatives are some of the factors contributing to the underperformance of the sector.
#TheEconomicTimes #Indian #News #Business #Markets


12 hours ago

GDP growth may more than halve to 6.3% in July-September, finds poll

India's Gross Domestic Product (GDP) growth is expected to more than halve to 6.3 percent in the second quarter of 2022-23 from the first quarter. The Indian economy had grown by 13.5 percent in April-June – the second-highest quarterly growth rate India has ever clocked. The statistics ministry is scheduled to release GDP data for July-September.
#Indian #India #News #Business #Economy


12 hours ago

India shares defy Asia weakness, on oil slide; Sensex at record

The S&P BSE Sensex rose as much as 0.31% to a record high of 62,484.67. The benchmark Indian indexes had opened lower, mirroring the weakness in other Asian markets. But Indian shares reversed course as oil futures fell more than $2 a barrel as the protests in top importer China fuelled demand concerns.
#Sensex #Indian #Asian #India #News #Business #Markets


12 hours ago

Global oil market signals short-term weakness ahead of EU ban on Russian oil

Oil prices in the last week have traded weaker than future-dated contracts. Front-month U.S. Crude futures contract traded as low as 38 cents weaker than the second-month contract, the weakest differential since November 2020. Differentials are confirming there is a demand deficit and/or supply surplus, said Tamas Varga of oil broker PVM.
#TamasVarga #PVM #Russian #News #Business #Economy


13 hours ago

Markets trade firm after initial lacklustre trend

30-share BSE Sensex traded flat in early trade, marginally up by 15.81 points to 62,309.45. The broader NSE Nifty quoted 5 points higher at 18,517.75. Reliance Industries, Asian Paints, Wipro, Maruti, Tech Mahindra Bank, Infosys and Bajaj Finserv were major winners.
#BSESensex #News #Business #Markets


13 hours ago

Global Oil Market Signals Short-term Weakness Ahead of EU Ban on Russian Oil - Latest Tweet by Reuters

Global oil market signals short-term weakness ahead of EU ban on Russian oil. LatestLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The views and facts appearing in the social media post do not reflect the opinions of LatestLY.
#Reuters #RussianOil #Russian #News #Business #Markets


13 hours ago

Indian stock markets may rally further, signal F&O bets of foreign investors

Global funds have bought a net $3 billion of India stocks so far this month, according to Bloomberg-compiled data. The spread between outstanding index futures longs and shorts now stands at its widest since June 2021. The renewed confidence after a sell-off in June helped key stock gauges touch new peaks.
#F&O #Indian #Bloomberg #India #News #Business #Markets


13 hours ago

Market Today: Indices open marginally lower on China COVID woes

The benchmark S&P BSE Sensex opened down 0.23% to 62,150.97. The NSE Nifty 50 index fell 0.19% to 18,477.35, before erasing all the opening losses. The slide followed a decline in Asian markets due to worries about COVID-19 management in China.
#S&PBSESensex #NSENifty50 #Asian #China #News #Business #Markets


14 hours ago

Stock Market Sectors: Stock market update: Sugar stocks up as market rises - The Economic Times

Sugar stocks were trading higher on Monday at around 09:59AM. The NSE Nifty50 index was trading 28.65 points up at 18512.75. The 30-share BSE Sensex was up 20.96 points at 62293.64.
#TheEconomicTimes #Nifty50 #News #Business #Markets


14 hours ago

Dollar Gains, Yuan Slides as China's COVID Unrest Spooks Markets - Latest Tweet by Reuters

LatestLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY.
#Reuters #China #News #Business #Markets


13 hours ago

Market LIVE Updates: Nifty opens below 18,500, Sensex falls 200 pts; Max Financial, IOC, HFCL in focus

On the technical front, Nifty formed a small negative candle on the daily chart with lower shadow. It seems that Index is at that phase where a prolong consolidation might be in the making and forming a higher base, setting itself equipped to eye the sought-after level of 18900 in near term.
#Nifty #News #Business #Markets


15 hours ago

TCS, Infosys MCap: Amid Layoffs, IT Companies Lead In Market Capitalisation Addition

Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation. The market valuation of TCS jumped Rs 17,215.83 crore to Rs 12,39,997.62 crore. It comes amid the layoffs announced by the IT companies recently.
#TCS #News #Business #Markets


14 hours ago