GW Investors Education, Goodwill’s EAGLE’S EYES!
Stock Investors reap a big harvest in last 12 months.! 2 out of every 3 shares double..300 stocks gain 500 %
Stock investors have made a killing … The past 12 months which have been tumultuous for the economy amid the pandemic appear to be a golden period for equity investors. Their chances of earning a more than two-fold return were brighter than the possibility of losing money. An ET analysis of returns of 2,346 traded stocks since April 2020 showed two out of every three stocks have grown least two-fold, while 300 have gained five times or more. In addition,185 stocks have earned four-fold returns while 450 stocks have given more than 50%.
OMC shares set for re-rating… Shares of oil marketing companies are set for a round of rerating boosted by strong gross refining margins and likely deregulation of liquefied petroleum gas (LPG) prices. Analysts say valuations of BPCL, HPCL and IndianOil remain attractive despite their share prices firming up recently. While FY21 witnessed historic high auto fuel margins, analysts believe it is likely to rise further over the next few years.
Paytm picks iBankers for IPO… One97 Communications, the parent company of Paytm, has finalised bankers for its proposed IPO. The company is understood to have taken on board JP Morgan, Morgan Stanley, ICICI Securities and Goldman Sachs to lead the issue, which is likely to be the largest IPO in the financial sector. Paytm refused to comment on the appointment of the investment bankers. Sources said that Paytm was looking at filing its draft red herring prospectus as early as next month.
Fed signals 2 rate hikes in 2023… US Fed held interest rates near zero, but signalled they expect two increases by the end of 2023, pulling forward the date of liftoff as the economy recovers. The central bank held the target range for its benchmark policy rate unchanged at zero to 0.25% — where it’s been since March 2020 — and pledged to continue asset purchases at a $120-billion monthly pace until “substantial further progress” had been made on employment and inflation.
Burry claims big bubble in stocks… Michael J Burry, the famed investor who predicted the collapse of the housing market bubble in the US in 2008 and had a movie made about his legendary short position, is now ringing the church bells for another disaster. “People always ask me what is going on in the markets. It is simple. Greatest speculative bubble of all time in all things. By two orders of magnitude,” Burry tweeted late on Tuesday.
Borrowing costs begin to rise… Borrowing costs in India could begin to harden, albeit marginally, after trader-focused lender Karur Vysya Bank took the lead Tuesday, increasing benchmark rates about 20 basis points. Shorter duration sovereign rates, too, rose to a 56-week high in Wednesday’s primary sale.
Amara Raja new plan fails to impress analysts… Amara Raja Batteries’ decision to enter the Lithium-Ion batteries segment is a welcome step to plug the technology gap in its business model. However, in the absence of details on investment outlay and possible global technology partner, it may not lead to any immediate stock re-rating. Analysts believe that the scale of investment for Li-Ion cell manufacturing along with the capital requirement of its existing core business of lead-acid batteries may stretch Amara Raja’s balance sheet.
RBI says short-term yields may rise… RBI on Wednesday signalled that there is scope for yields to rise on short-maturity papers although they should ease for longer maturities, including the10-year benchmark.
Good Morning!
The Securities and Exchange Commission (SEC) of the US is due to take a call on whether to approve or deny Bitcoin ETFs. At least nine applications for Bitcoin ETFs are said to be collecting dust at SEC and clients are baying to buy crypto funds, because they feel that’s the best way they can cash in on the unrelenting clamour for these digital tokens. SEC has already delayed its decision once earlier this year. Anticipating an adverse verdict, some firms are releasing or planning ‘Bitcoin adjacent’ products — like Invesco’s pair of funds packed with crypto-linked equities — to skirt regulators’ refusal.
Nifty futures on the Singapore Exchange traded over 100 points lower at 7:30 am (IST), signalling some selloff on Dalal Street.
Stocks in other Asian markets opened lower after the US Fed sped up their expected pace of policy tightening. Shares fell in Japan, Australia and South Korea.
Wall Street was jolted after US Fed projected interest rate hikes sooner than expected. Dow fell 265 points, or 0.77%; the S&P 500 lost 22 points, or 0.54%, and Nasdaq 33 points, or 0.24%.
Extending its losses for seventh straight day, the rupee fell 1 paisa to end at 73.32 against the US dollar following risk-off sentiment among investors ahead of the outcome of the US Fed meet.
The dollar continued its advance. The yen slipped 0.6% against the greenback, the euro dropped more than 1% while the offshore yuan traded at 6.4374 to the dollar.
US treasury yields ticked higher. The yield on 10-year Treasuries held at 1.58%.
Crude oil declined as the strengthening dollar reduced the appeal of commodities priced in the currency. WTI crude slid 0.7% to $71.64 a barrel.
Indian gold prices dipped marginally by Rs 48 to Rs 47,814 per 10 gm in national capital on Wednesday while silver rose by Rs 340 to Rs 70,589 a kg. Gold rose 0.4% to $1,818.55 after tumbling 2.6%.
tends to over-predict the level of yields across the spectrum, except 6-8 years maturities segment,” RBI said in a research paper
