Hot Stocks: These stocks to return 10-18% as per analysts’ price targets Stock has consolidated near Rs 360-375 and currently has indicated a bullish candle pattern.The stock fell 2.6% to ₹2,049 on Wednesday. Abrdn was a co-promoter of HDFC AMC with HDFC. HDFC AMC, Shriram Finance likely to rise more after big investor exits HDFC AMC shares rallied 11.28% on Tuesday after Abrdn Investment sold its entire 10.2% stake through open market transactions for ₹4,079 crore.From here, they should kind of be market performers. I do not see any reason for these to come off sharply. These stocks had some value after the correction they had seen and that is what you have seen. Here's why Varun Saboo is bullish on the consumption sector So, as such also there is so much liquidity chasing stocks.Energy stocks led the gainers, while UPS and FedEx were among the biggest decliners and crypto firms Riot Platforms, Coinbase, Marathon Digital, and Bit Digital gained. At last glance, the markets had priced in a 74.4% probability of a further 25 basis point rate rise. Tesla, Microsoft, and Nvidia were among the worst performers. Wall Street extends sell-off as Powell hints at further rate hikes The three major US stock indexes declined for a third straight day, with tech-related shares weighing heavily, after Federal Reserve Chairman Jerome Powell reinforced the central bank's commitment to reducing inflation and hinted at further interest rate increases.So, one macro indicator now is that the Nasdaq and the S&P 500 are recovering and doing well. Is it the right time to buy IT stocks? Harendra Kumar answers I think there are two-three ways to approach the IT sector as of now because the market is not clear on in terms of how the growth is going to pan out.If one would look at an industry level, the key stocks that were exited would include Kotak Bank, ITC, HCL, Zomato. Will flexi-cap become more volatile if there is increased exposure in small-caps? Nirav Karkera answers And probably the key stocks are the ones that also saw quite some bit of run up in recent times to name a few.So, we had chosen this theme: RISE UP -> Reimagining the India Story – Excel in Uncertain Periods. ETMarkets Smart Talk- Market at record highs! Use dips to buy as earnings growth looks promising: Manish Goel But if investors focus on the big picture and India’s long-term growth story, they could excel and create substantial wealth.However, these observations are not recommendations, and investors may take guidance from relevant subject matter experts before incurring any investments. Although these stocks indicate an opportunity to invest, a thorough analysis and understanding of the associated parameters are crucial before making an investment decision. Potential investors are advised to scrutinize the financial performance, strategies, expansion plans, government policies, and market conditions of these companies before investing.
What does this tell about stocks? Indian stocks of Vodafone Idea, Gujarat Narmada Valley Fertilizers & Chemicals, and Indian Railway Catering and Tourism Corporation (IRCTC) have breached the 200-day Simple Moving Average. Vodafone Idea, IRCTC and GNFC trading below 200-day SMA.Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream similar valuation levels have preceded periods of rocky performance.
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