Cap Goods News Today

Dr Joseph Thomas from Emkay Wealth Management discusses Indian economy growth and corporate profitability. He analyzes market trends, including small & midcap valuation, and crude oil demand-supply factors affecting market dynamics. Dr Thomas further says: "The market yields are rising day by day and in this context, it is important to note that the rise in the indexes in the last three months has been quite rapid."

On April 2, the Capital Goods index hit a new all-time high of 62,370, with a gain of 0.65 percent. Heavyweight stocks like L&T played a pivotal role in driving this surge

The brokerage has increased its weight and remains ‘overweight’ on Banks, Cap Goods and Healthcare, and diversified financials (led by HDFC AMC). It is ‘equal weight’ on IT and ‘underweight’ on Auto, Metals, Cement, Consumer and Oil & Gas.

BFSI, Real Estate, Auto, Cement, Engineering/Cap Goods, Infra, Railways, Defence, Renewables, IT, Biofuels etc

Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.

The Nifty Midcap 100 PE is at par with long-term averages, indicating opportunities at reasonable valuations. The market is going through consolidation after reaching 20,200 on the Nifty50. Rising interest rates pose a threat to equity markets, but inflation levels have peaked. The India-Canada standoff is more political than economic, with limited impact on long-term investments. Smallcap valuations have become relatively expensive, while midcaps still offer opportunities.

TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:15ET ADP Employment Change; 9:45ET S&P Global US Services PMI, Composite PMI; 10:00ET Factory Orders, Durable Goods Orders, Cap Goods, ISM Services Index; 10:25ET Fed's Bowman speaks; 10:30ET Fed's Goolsbee speaks (and at 3 p.m.) ADP Report: Added 89k Jobs in Sept. (exp.

Shares drop over 1 per cent at open; US 10-year yield flirts with 4.7 per cent; $A tumbles; Computershare sells US mortgage services business for $1.1 billion. Follow updates here.

TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 10:00ET Factory Orders, Durable Goods Orders, Cap Goods Orders TODAY’S HIGHLIGHTS: Ukraine's parliament approves Reznikov's resignation as defense minister BMW Warns Gasoline Car Ban Poses "Imminent Risk" To European Automakers CHINA TO LAUNCH $40B STATE FUND TO BOOST CHIP INDUSTRY: RTRS

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero