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While they cannot be called half hearted attempts, the fact is the Chinese governments attempt to revive economic growth through sale of special bonds, allowing selective concession for sectors like real estate, cutting CRR for some category banks did not pay the way the Chinese government had expected. So, finally, the Chinese central bank decided to cut the rate this week once again. Now this is not the first time that they have made an attempt, probably a fourth monetary stimulus attempt. The...

As Nifty and broader market continue in bullish mode with very minor corrective moves, the upward movement is being led by some heavyweights like Reliance and some of the pressure that banks were keeping on the Nifty has gone off. On the other hand, there are clear signs of profit booking in the broader market with market breadth not being as positive as it used to be. Making the list are financial services stocks which have seen a fall which was led by essentially one large private sector bank....

Many times, the street tends to make a bucket of stocks and a narrative gets created that that these stocks have similar characteristics and hence they tend to move in a similar direction. While this might be correct for some time, but over a period of time, especially when there are headwinds, some companies either diversify into new areas or for any other reason, while the mother set of characteristics remain the same, they become different from each other. Lets take the case of mega cap or th...

In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and thats the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector ...

ET Wealth has identified such stocks by studying the movement of their target prices over multiple time frames. The stocks for which analysts have upgraded target prices by more than 10% in one-month, three-month, six-month and one-year periods have been screened. It is also ensured that a minimum of five analysts have provided the target prices. The consistent upgrade in target prices indicates analysts’ confidence in the performance momentum of the companies.

With Nifty touching a new high, there is a high probability that a large number of investors will be looking at the returns of their portfolio to check whether the value of their portfolio has also reached a new high. All those who have high exposure to PSU stocks are likely to be happy, as there is high probability of the value of their portfolio has given far higher returns in last few months, but the ones who have more large cap exposure in their portfolio would be the ones, who would be prob...

In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. There is a set of mid-sized banks which dont have the distribu...

Given the trend of short correction and sharp recovery which the market and especially Nifty has seen in the last few months, it appears that nothing can go wrong with the stock price. But there are enough examples from the recent past and also the long history of markets that most wrong investment decisions are made in these times. if one is thinking about increasing the exposure it would be better to stay with large caps. This is not to say that one would not be wrong in buying large caps but ...

Just before the whole market was consumed by the PSU rally, one sector that came into the limelight after many years of underperformance was the Indian pharma companies, yes they are very different in every sense from MNC pharma. During the PSU rally, these pharma stocks have been consolidating, however, in the last few days, some of them have once again started reacting to positive developments in the individual company indicating that there is money on the sideline that is ready to come into t...

It is probably times like these, where valuations are high and the desire to trade and invest is also at a peak, one needs to set some rules, both for investing and trading. As a first step, have a well defined set of stocks, where one would invest and trade. So, that one does stray into stocks which are moving up just because there is sunshine all over the street. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially ...