Sat, Oct 5, 2024 5:47 PM
Credit cards: Here are five key myths that need to be busted
A Flip by Shubhangi Gupta
The US economy's surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.
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Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market trend has turned highly bearish after the biggest weekly fall in the Nifty 50 index in CY24. 💰Poonawalla Fincorp: Buy at ₹395, target ₹425, stop loss ₹380 💰BEML: Buy at ₹3664, target ₹3960, stop loss ₹3525 💰Zomato: Buy at ₹275.30, target ₹300, stop loss ₹263.
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It is often said that money is not in buying and selling stocks but in waiting. One must look at the journey of Transformers and Rectifiers (India) shares to understand how a long-term investor enjoys wealth creation. This small-cap stock has risen from ₹6.50 apiece to ₹680 per share mark since 9th April 2020. It ended on Friday with a trade volume of 1,31,520.
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