Bajaj Financial Securities Ltd. (BFSL) has placed a bullish short-term call on Hindustan Petroleum Corporation Ltd. (HINDPETRO). BFSL is projecting the stock to rise toward Rs 500 by the end of its November derivatives expiry. The brokerage identifies the oil marketing major as one of the preferred picks in the energy sector, citing strong technical momentum and renewed investor interest.
Total return investors should look into the high and rising stream of passive income offered by MPLX.
At current levels, the pipeline operator would pay about $75 in annual income for each $1,000 invested.
The yield is six times higher than the energy sector average.
» Read more about: 1 Ultra-High-Yield Energy Stock to Consider Buying Now »
[MUMBAI] Three large sovereign funds, including Norway’s Norges Bank Investment Management, Abu Dhabi Investment Authority and GIC of Singapore are among the investors participating in the IPO of Indian stock broker Groww’s parent Billionbrains Garage Ventures’, two sources directly aware of the matter said.
The IPO will rank among the largest offerings so far in 2025,
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» Read more about: Bank of England expects closely fought meeting over interest rate cut »
Rising prices and falling employment may fuel speculation about stagflation, potentially weighing on US stock futures. On the other hand, lower prices could boost bets on a December Fed rate cut.
Beyond the data, traders should monitor Fed speeches closely.
» Read more about: Dow Jones & Nasdaq 100 Rise in Asian Session on Trade Deal Optimism »
The Q2 results of Indian corporates have broadly met expectations so far, reinforcing market sentiment. The Indian stock market posted strong gains in October, with benchmark indices Sensex and Nifty 50 rising 4.6% and 4.5%, respectively, last month, supported by in-line earnings, easing FII selling, and optimism around India–US trade talks.
The Sensex and the Nifty 50 are inching closer to their record high levels of 85,978.25 and 26,277.35,
Nvidia stock has surged 1,400% over the last three years.
While shares have gained significantly,
The S&P 500 and Nasdaq Composite have posted significant returns over the last decade.
Some of the biggest tailwinds fueling the market to record highs are increased investment in infrastructure and soaring artificial intelligence (AI) demand.
If you think artificial intelligence (AI) is after your job, think again. It might be hurting your stock market returns too. Kotak Institutional Equities said the exponential growth in market capitalisation of AI-related stocks in major developed and select emerging markets has been the key driver behind their recent large outperformance versus the rest of the world.
» Read more about: Sensex, Nifty: AI behind stock market's muted show, foreign outflows? »
SINGAPORE – Mapletree Investments and Singapore-listed CapitaLand Investment (CLI) are exploring a merger, the Wall Street Journal reported on Nov 3, citing unidentified sources.
The report says the plans are in the very initial stages and a deal may or may not materialise.
A merger could create one of Asia-Pacific’s top property companies with more than US$150 billion (S$195 billion) in assets under management.
» Read more about: CapitaLand Investment, Mapletree Investments exploring merger, WSJ says »