Instacart shares end up 12% on debut after initial pop
Wed, Sep 20, 2023 10:58 AM

Instacart shares end up 12% on debut after initial pop

Instacart's IPO was relatively successful for the current economic climate. The shares ended up at 12% in the Nasdaq debut, despite a high of 43%. The stock raised $660 million and gave the company a $9.9 billion valuation. Arm also debuted on Wall Street with initially positive reception, but it has dropped 13%, indicating limited investor enthusiasm going forward.

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Stalwart’s Khemani is betting on agrochemicals and agro processing compa...
Wed, Sep 20, 2023 10:58 AM

Stalwart’s Khemani is betting on agrochemicals and agro processing compa...

Jatin Khemani of Stalwart Investment Advisors is taking an approach to buy stocks in the agrochemical sector which he expects to see a long-term benefit from. He believes India has an opportunity to gain global trade share as China drops and rising population, decline in arable land & climate disruptions increase demand for these products.

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B2B Marketing: SMEs must adopt these 10 best practices for ABM and ABX
Wed, Sep 20, 2023 10:57 AM

B2B Marketing: SMEs must adopt these 10 best practices for ABM and ABX

Account-Based Marketing (ABM) and Account-Based Experience (ABX) are highly effective B2B strategies for targeting and engaging key accounts. I will delve into the best practices, such as identifying high-value accounts, leveraging data-driven personalisation, adding collaborative alignment and multi-channel engagement, measuring and optimising, providing personalised onboarding and support.

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Daily Voice | Amid valuation concern in midcaps, this market veteran sugst!
Wed, Sep 20, 2023 10:57 AM

Daily Voice | Amid valuation concern in midcaps, this market veteran sugst!

Midcaps are more volatile as retail participation is higher; however, with current volatility in the market and concerns regarding valuations, largecaps may be more attractive. Satish Ramanathan of JM Financial feels that there is a risk of crisis if the interest rate increases too much, so Federal Reserve should act carefully.

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JSW Energy gets a raise in target price to Rs 500 as Jefferies sees grow!
Wed, Sep 20, 2023 10:53 AM

JSW Energy gets a raise in target price to Rs 500 as Jefferies sees grow!

Jefferies has reaffirmed its 'buy' rating on JSW Energy and increased the target price to Rs 500 per share. This reflects their confidence in the company's growth potential, with the expected commissioning of a 700-MW merchant capacity, improved renewable energy capacity, and development of green hydrogen plants and energy storage batteries. These developments lead them to forecast a 41% CAGR.

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Stock Market LIVE Updates: GIFT Nifty indicates a negative start; US, As...
Wed, Sep 20, 2023 10:49 AM

Stock Market LIVE Updates: GIFT Nifty indicates a negative start; US, As...

Sensex Today | Stock Market LIVE Updates: Among sectors, selling is seen in the bank, FMCG, pharma, IT, metal, realty. Reliance Industries, HDFC Bank, R R Kabel, ICICI Bank and M&M are among the most active shares on the NSE.

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Hot Stocks | Axis Bank, GSFC, AMI Organics may deliver at least 10%!
Wed, Sep 20, 2023 10:48 AM

Hot Stocks | Axis Bank, GSFC, AMI Organics may deliver at least 10%!

The Nifty broke its three-day winning streak on September 18 due to global cues. Despite the dip, the index is still above the 50, 100 and 200-day EMA and the RSI suggests there is scope for more upsides in the intermediate term. Derivatives suggest 19,770-20,000 is an immediate support level and traders are advised to accumulate longs on decline with a stop-loss at 19,770. Small/midcap indices.

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Oil at $95 is changing trades across markets
Wed, Sep 20, 2023 10:47 AM

Oil at $95 is changing trades across markets

The non-stop rally in oil is forcing investors to rethink their bets across global markets.Airline stocks, currencies of oil-importer nations and bond yields are just a handful of the asset classes already starting to reflect the reality of Brent at $95 a barrel. Meanwhile, strategists from Goldman Sachs Group Inc. and Barclays Plc have rolled out macro reports telling clients how to trade.

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Oil's rally gathers pace as Brent pops above $95 a barrel
Wed, Sep 20, 2023 10:46 AM

Oil's rally gathers pace as Brent pops above $95 a barrel

Oil prices have seen a revitalized rally, ending a 10-month slump and reaching $95/barrel. Saudi Arabia and Russia are relying heavily on production and export cuts to drive up prices, leading to tightness in supply indicated by Brent and WTI's backwardation of over $1. An improving outlook for the US and China are further fueling oil's rise, with PVM relaying that production/export cuts.

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Tesla courts interest from Turkey to India for next gigafactory
Wed, Sep 20, 2023 10:45 AM

Tesla courts interest from Turkey to India for next gigafactory

Tesla's CEO Elon Musk is looking for the perfect place for a new factory. Countries are vying for the investment, with Turkey appealing to Musk directly and Saudi Arabia discussing their benefits. India has also expressed interest while Mexico is already building a new facility believing that Tesla & its suppliers will invest $15 billion. It looks like the decision lies in Elon Musk's hand!

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Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory!
Wed, Sep 20, 2023 10:44 AM

Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory!

Sebi has imposed a fine of Rs 35 lakh on MI Research for violation of IA regulations. The regulator found that the entiy had collected up to Rs 1.95 crore from its 748 clients by charging exorbitant fees, and promising assured returns. In 3 other separate orders, penalties were imposed on entities that indulged in non genuine trading.

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OECD raises India’s growth forecast for FY24 to 6.3 per cent!
Wed, Sep 20, 2023 10:41 AM

OECD raises India’s growth forecast for FY24 to 6.3 per cent!

The OECD revised India's FY24 growth outlook upward to 6.3%, up from 6%. It revised inflation forecast upwards to 5.3% and 4.8% for FY24 and FY25, respectively. RBI expects 6.5% growth and 5.4% inflation in FY24, while S&P Global estimates 6.6% growth & 6% inflation. The global body warned against elevated public debt & urged policy action to combat climate change & enhance.

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MotoGP and International trade show push up hotel tariffs in Noida!
Wed, Sep 20, 2023 10:38 AM

MotoGP and International trade show push up hotel tariffs in Noida!

Hotels in Noida and Greater Noida are seeing a surge in demand ahead of two international events, IndianOil Grand Prix of India and the UP International Trade Show; causing room rates to increase drastically. Visitors are opting for alternative options like Airbnb rooms due to high prices. Hotels in cities nearby such as Kaushambi, Vaishali, and Ghaziabad have lower tariffs.

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Buy EURINR; target of : 89.40 : September 20, 2023: ICICI Direct
Wed, Sep 20, 2023 10:33 AM

Buy EURINR; target of : 89.40 : September 20, 2023: ICICI Direct

Euro attempted to break through the 1.07 barrier, however, due to the downward revision in Eurozone CPI, it was unsuccessful. Expectations of higher PPI data from Germany and support near 88.80 could lead the pair to rise above 1.072. Disclaimer: Investment decisions should not be taken without certified experts' advice.

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Gold softens ahead of US Fed's policy decision
Wed, Sep 20, 2023 10:31 AM

Gold softens ahead of US Fed's policy decision

Gold prices fell on Wednesday, pulling back from a two-week high the day before, as traders await the U.S. Federal Reserve's policy decision to get an updated outlook on the economy and stimulus path. Treasury Secretary Janet Yellen said growth needs to slow down to target inflation levels. U.S. homebuilding dropped to a three-year low and gold ETF holdings declined 0.2%.

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