Indian indices witnessed a positive start on Monday. The last session, the first of the financial year 2022-23, started on a positive note with some solid gains. This week the investors will keep an eye on the outcome of the Reserve Bank of India’s monetary policy committee meeting amid inflation worries, high crude prices, and Russia-Ukraine war. Economists believe the key rates are likely to remain unchanged. In Asia, the indices opened cautiously amid fresh talks of ban on Russia gas and fears of interest rate hike by US Fed. Shares in Japan were muted, while that in South Korea, Hong Kong, and Australia advanced in early trade on Monday.
HDFC Securities sees up to 20% upside in this IT stock in 3 months
Birlasoft shares have remained under consolidation phase in first one and half month this year. However, the IT stock is showcasing strong rebound from its recent lows around ₹380 apiece levels. In last one and half month, Birlasoft share price has appreciated up to ₹470 per share levels, logging around 25 per cent jump in this period.
Four simple tips to prepare for the next market crash
Indian share markets have been afroth with volatility in the last couple of months.
After declining in December 2021 markets recovered only to be sit again by the Russia Ukraine war. But this hasn’t dampened investor spirit.
Global benchmark indices, including the Sensex and the Nifty, are all up by more than 10%, which, truth be told is not startling.
However, with globalisation reaching a crescendo, the volatile nature of the market has only intensified.
Accepting and embracing volatility is central to benefit from the returns the market offers over time. Instead of worrying about the volatility, you must be prepared to deal with it.
Here are some tips to help you prepare for the next market correction.
Tata Power commissions solar plant, India’s largest single-axis tracker system
Tata Power arm Tata Power Renewables has commissioned a 300 MW solar plant in Dholera, Gujarat with the country’s largest single-axis solar tracker system.
Petrol, diesel prices today: Fuel rates hiked by 40 paise, diesel tops ₹95 in Delhi. Check latest rates
Fuel prices continued to maintain an upward trend with petrol and diesel rates hiked by another 40 paise per litre each on Monday, compounding an increase of about ₹8.40 a litre in twelve revisions in 14 days so far.
Naveen Kulkarni, chief investment officer, Axis Securities on HDFC’s merger announcement and how should investors play out during this significant development
The mega-merger between HDFC ltd into the HDFC bank will enable value unlocking for HDFC bank to build a solid housing loan portfolio and play the housing cycle by enhancing the existing customer base. The merged entity could become the highest weightage single company in the Nifty 50 basket. Further, this merger enables confidence in the Indian economy and looks for a brighter long-term picture beyond the ongoing Russia-Ukraine conflict and the rising inflationary concerns. With this development, today India’s VIX fell further by 2.5% to 18 levels vs the long-term average of 22. We believe the next leg of the rally in the benchmark index will be driven by the BFSI space, as banking companies are likely to post solid Q4FY22 earnings, driven by sequential improvement in loan growth. Moreover, the improving asset quality trend will continue for the quarter, bringing further confidence to the space.
Tokyo shares edge higher on strong US jobs data
Tokyo’s Nikkei index firmed on Monday, tracking gains on Wall Street although developments in Ukraine and Covid-19 lockdowns in China weighed on the market.
The benchmark Nikkei 225 index shed earlier losses and ended up 0.25 percent, or 70.49 points, to 27,736.47. The broader Topix index rose 0.48 percent, or 9.36 points, to 1,953.63.
The Tokyo market opened up after Wall Street stocks finished modestly higher Friday as solid US jobs data boosted expectations for more Federal Reserve interest rate hikes.
Sensex trades above 60,000; HDFC Bank, HDFC top gainers; Infosys, Bajaj Finserv, Reliance drag
Sensex slips around 800 points from day’s high, stays above 60,000
IDFC to consider interim dividend this week
IDFC Limited on Sunday informed that the company’s board at its meet this week on Wednesday, April 6, 2022 to consider and declare interim dividend on paid up equity share capital of the company.
What merger with HDFC means for HDFC Bank shares?
HDFC Bank has approved merger with HDFC Investments Limited and HDFC Holdings Limited. Post-merger HDFC Limited will hold 41% stake in HDFC Bank. This shall enable the bank to build its housing loan portfolio and enhance its existing customer base. HDFC Bank shares jumped as much as 14.4%, while HDFC Ltd surged 19.6% after the merger announcement.
IGL increases CNG price by ₹2.5/kg. Check latest rates here
The cooking gas distribution company, Indraprastha Gas Ltd (IGL) on Monday increased the CNG price by ₹2.5 per kg as reported by news agency ANI. The new price will come into effect from today, April 4. The company in its official statement claimed that this increment is done to cover the hike in input gas cost.
Combined balance sheet of merged entity will be ₹17.87 lakh cr, net worth to be ₹3.3 lakh cr: Deepak Parekh on HDFC-HDFC Bank merger
The HDFC-HDFC Bank merger will not impact employees of HDFC Ltd: Deepak Parekh
Multibagger stocks: These 3 Tata shares double shareholders’ money every 4 years
Multibagger stocks: In market rebound post-Covid-19 selloff, a good number of stocks have entered the list of multibagger stocks in India in last two years. This list of multibagger stocks in India include those quality stocks as well that have been giving stellar return to its investors for long. Tata group stocks — Tata Elxsi, Tata Consumer Products and Titan Company — are among those quality stocks. These shares have been giving multibagger return to its shareholders after a gap of 4 years since 2009.
ICICI Securities recommends these 2 pharma stocks to buy
Novartis AG has entered into agreements with Dr Reddy’s Laboratories (DRL) and JB Chemicals & Pharmaceuticals (JBCPL) for their cardiovascular combination of Valsartan and Sacubitril in India. The patented molecule has been growing at around 38% CAGR over FY19-21 and is one of the fastest growing molecules in the cardiology segment, highlighted domestic brokerage and research firm ICICI Securities.
Vijay Kedia portfolio share hits upper circuit. What’s driving multibagger stock
Vijay Kedia portfolio stock Tejas Networks share price has hit upper circuit for fourth straight session today. Tejas Networks share price today opened opened 5 per cent higher from its Friday close and ascended to its intraday high of ₹470.45 apiece levels leading to no seller available for the scrip. This all happened in the stock within minutes of market opening.
HDFC, HDFC Bank shares still ‘attractively priced’ after 15% rally post merger news: Analysts
Shares of HDFC Ltd and HDFC Bank surged more than 15% to ₹2,818 and 14% to ₹1,715 apiece respectively on the BSE in Monday’s early deals, after the companies announced plans to merge with each other. Meanwhile, the Nifty Bank index rose over 4%, while the finance index gained over 3%.
Rupee trades in narrow range against US dollar in early session
The rupee started the financial year 2022-23 on a muted note and inched higher by 3 paise to 75.71 against the US dollar in early trade on Monday amid a firm trend in the domestic equity market.
At the interbank foreign exchange, the rupee opened lower at 75.77 against the American dollar, then touched an early high of 75.71, up 3 paise over its previous close. The local unit also reached 75.79 in initial deals.
On Thursday, last trading session of FY22, the rupee advanced by 16 paise to close at 75.74 against the US dollar.
The local unit, however, closed the 2021-22 fiscal with overall losses of 3.61 per…