India story intact but broader markets may move sideways for rest of FY24

Sanjeev Sharma | October 22, 2023 2:35 PM

New Delhi, Oct 22 (IANS) External factors were largely supportive of Indian markets through CY23. This fuelled strong FPI flows after an extended period of stress. However, renewed global headwinds over the last couple of months have weighed on Indian markets which could be a constraint in the near term as well, Emkay Global Financial Services said in a report.

As El Nino heads into winter, look out for its ripple effects on economy, markets

S.P.S. Pannu | October 22, 2023 2:35 PM

New Delhi, Oct 22 (IANS) Another unexpected development that will weigh on the economy and is likely to have a ripple effect on the stock markets, is that El Nino is in place heading into winter for the first time in four years, driving the outlook for warmer-than-average temperatures for the northern hemisphere.

Small, mid cap stocks to lead as earnings growth democratized in India

Sanjeev Sharma | October 22, 2023 2:34 PM

New Delhi, Oct 22 (IANS) Small and mid-cap stocks have been the driver of the post-Covid recovery in the markets. Some froth may recede in the coming quarters, but the medium-term outlook remains robust.

Israel-Hamas war casts pall of gloom, but markets will bounce back

Arun Kejriwal | October 22, 2023 2:34 PM

New Delhi, Oct 22 (IANS) Markets have a mind of their own and their reaction to events is strange and unpredictable. The Israel-Hamas war began almost a fortnight back and markets reacted adversely on Monday (October 9) the first day they opened after the event to only bounce back more strongly on Tuesday.

FIIs take out money from India eyeing higher US bond market yield

Venkatachari Jagannathan | October 22, 2023 2:32 PM

Chennai, Oct 22 (IANS) It was only a couple of months back that the foreign institutional investors (FIIs) returned with their money bags to India but are now flying out.

We may have to wait till Dec 3 to see if market gets back its bounce

Arun Kejriwal | October 22, 2023 2:32 PM

New Delhi, Oct 22 (IANS) Until last week it appeared that the current festive season of Dussehra and Diwali would see the markets touching new highs and moving up even higher. A week later, with the Israel-Hamas fighting intensifying, these hopes lie shattered.

Mixed bag of luck and a lot of worries ahead for IT, banking stocks

Deepak Jasani | October 22, 2023 2:31 PM

New Delhi, Oct 22 (IANS) Early results from the information technology (IT) and banking sector present a mixed picture. A lot of the worries ahead of the results have proved to be right.

Investors likely to remain cautious on implications of Middle East tensions

IANS | October 22, 2023 11:31 AM

New Delhi, Oct 22 (IANS) Investors are likely to remain cautious in the near term due to concerns about the long implication of geopolitical tensions in the Middle East, says Vinod Nair, the Head of Research at Geojit Financial Services.

'US Fed will have to hold interest rates static to stabilise consumer prices'

T.N. Ashok | October 22, 2023 12:41 AM

New York, Oct 22 (IANS) The US Federal Reserve may have to hold back interest rate hike for some time now as its 19 months of historic hikes to tamp down on inflation is driving consumer prices high on car loans, housing mortgages are the highest, realty rates unattainable and fuel prices are soaring, US media reported quoting financial consultants and Wall Street experts.

Gold prices rise to 3-month high on back of safe-haven demand

IANS | October 20, 2023 4:13 PM

Mumbai, Oct 20 (IANS) Gold prices rose to a three-month high on Friday and were headed for a second consecutive weekly gain, on the back of a safe-haven demand due to the Middle East conflict and expectations that the US Federal Reserve was likely to pause rate hikes.