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Economic Times News

@economictimesupdates


Economic Times News (English)

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Economic Times News

02 Nov, 10:16


Economic Times
Rohit Bal: Valley boy who strode to great heights

Economic Times News

02 Nov, 10:16


antial growth potential.ET Now: Financials seem to be a common investment theme this Diwali. Would you agree?Nilesh Shah: Yes, financials are promising. We’re also interested in CDMO within pharma and the luxury real estate market. Financials, in particular, are still in a nascent stage of growth. While PSUs have had a strong run, they may consolidate for a while. That said, if valuations and market conditions align, they could still offer compelling opportunities.ET Now: We’ve discussed many of your portfolio stocks. Any disclosures?Nilesh Shah: Yes, assume we have vested interests in the companies discussed. Please conduct your own due diligence before investing.

Economic Times News

02 Nov, 10:16


nt. Among these, the Energy, Auto, PSE, and Media Index may relatively underperform the broader markets. The rest are improving sharply on their relative momentum and may eventually improve their relative performance against the broader market.The Nifty Bank, Metal, and Financial Services index are inside the improving quadrant and may continue improving their relative performance against the broader markets.Important Note: RRGTM charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.Milan Vaishnav, CMT, MSTA, is a Consulting Technical Analyst and founder of EquityResearch.asia and ChartWizard.ae and is based in Vadodara. He can be reached at [email protected]

Economic Times News

02 Nov, 10:16


Economic Times
ADB lauds India's fossil fuel subsidy reforms

Economic Times News

02 Nov, 10:16


Economic Times
Arvind Sawant apologises for 'maal' remark

Economic Times News

02 Nov, 10:16


Economic Times
Financials and renewables are the next big bets, says Nilesh Shah

"When we look at their growth and add it up, I believe consumer demand is still growing. Consumption patterns are shifting—some categories are mature, while others are emerging. This growth is fueled by aspirational India, and as investors, we need to identify those emerging categories and opportunities," says Nilesh Shah, Envision Capital.ET Now: It has been a great year for wealth creation. Now, real estate, gold, and stocks are back in the picture. Broadly, India has seen a wealth effect of $10-12 trillion. With such a wealth effect, can consumption really remain down permanently?Nilesh Shah: Absolutely not. In fact, consumption isn’t down. I think we’re focusing on one or two large listed companies and concluding that consumption is down, which isn’t entirely accurate. There’s a lot happening below the surface among individual companies. The challenge in today’s consumption space is disruption. Established players are being challenged by new entrants, leading to a tussle between incumbents and challengers. For example, companies like HUL and D-Mart might show modest growth because of competition from e-commerce and quick commerce players. When we look at their growth and add it up, I believe consumer demand is still growing. Consumption patterns are shifting—some categories are mature, while others are emerging. This growth is fueled by aspirational India, and as investors, we need to identify those emerging categories and opportunities.ET Now: Within consumption, we see a clear distinction. After COVID, there was a K-shaped recovery—premium consumption and asset classes performed well. However, inflation and stagnant income growth have impacted the lower segments.Nilesh Shah: That’s a valid concern and a potential risk to India’s broader growth. Job creation must accelerate, private capital expenditure needs to increase, and further reforms are needed to make India a more business-friendly environment. Broad-based job creation and rising wages will only happen when these areas progress. The biggest priority should be upskilling; without it, per capita incomes won’t rise.ET Now: So, gold, silver, a snack stock, an alcohol company, a beauty brand, or just the Nifty—what’s your muhurat pick?Nilesh Shah: For those who prefer a straightforward market call without deep stock research, Nifty is an excellent choice. Over time, Nifty has compounded returns significantly, delivering about 11-12%, which outpaces bank FDs. Besides Nifty, investors should look at strong companies within the index. If you can identify the top-performing five out of 50 Nifty stocks, you’re in a good position. Beyond Nifty, there’s a vast universe of stocks that can potentially offer even better returns.ET Now: What are three stocks you’ve held for the past three years, three you bought in the last three months, and three you’ve exited recently?Nilesh Shah: That’s a complex question! In the capital markets, we hold HDFC AMC and Angel One. We view this sector positively due to digitization and the shift from physical to financial investments. We’ve also recently invested in renewables—solar and wind EPC companies. As for exits, we generally don’t participate in IPOs immediately; we prefer to wait and assess.ET Now: Do you still hold Hitachi and IDFC First Bank?Nilesh Shah: Yes, we continue to hold both. Our long-term view on them remains unchanged.ET Now: You’ve closely followed traditional IT services. What’s your outlook?Nilesh Shah: Large IT companies, while still growing, have matured and are growing at about 3-4%. They aren’t growth plays but valuation arbitrage opportunities. The real interest lies in smaller companies that are helping enterprises adopt AI and big data analytics. These companies, often with market caps below ₹5,000 crore, have subst[...]

Economic Times News

02 Nov, 10:16


Economic Times
Dalal Street Week Ahead: Nifty not out of the woods yet; any technical rebounds should be chased cautiously

Over the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a weekly basis. Given the ranged move by the markets, the trading range got narrower. The Nifty oscillated in a 363-point range; this was much less than the previous week. Following a largely consolidating but bearish setup, the headline index closed with a modest weekly gain of 123.55 points (+0.51%).114880495It was a four-day trading week as Friday just had a short one-hour symbolic ceremonial Muhurat Trading session. In the week before this one, the Nifty had breached and closed well below the 100-DMA which currently stands at 24669. The Index has also violated the 20-week MA placed at 24744. This makes the zone of 24650--24750 the most important resistance area for the markets. So long as the Nifty stays below this zone, no trending and sustainable upmove shall occur in the markets. In other words, so long as the Nifty stays below this crucial resistance zone, it remains vulnerable to continued selling pressure. The most immediate support zone for the Nifty now stands at 23900; the markets would get weaker if this level is breached on the downside.The global markets are expected to give a stronger handover; given this thing, the Indian markets may see a stable start to the week on Monday. The levels of 24450 and 24580 would act as immediate resistance points. The supports come in at 24120 and 23900.The weekly RSI stands at 51.24; it remains neutral and does not show any divergence against the price. The weekly MACD is bearish and trades above the signal line.The pattern analysis of the weekly charts shows strong momentum on the downsides for Nifty. The 20-DMA is showing a steep decline; it has already crossed below the 50- DMA and it is about to cross below the 100-DMA as well. This indicates strong selling pressure and has increased the possibility of the Nifty staying in an intermediate downtrend for some more time. The resistances have been dragged lower; technical rebounds, as and when they happen, would find resistance between 24650-24750 levels.All in all, even if the Nifty gets a stable and firm start to the week, it is not out of the woods as yet. Any technical rebounds, as and when they take place, should be chased very cautiously. All up moves shall face resistance at the levels of 24600 and higher; there is a greater likelihood that these rebounds are likely to get sold into at higher levels. It is strongly recommended that leveraged positions must be kept at modest levels and all profits on either side must be guarded vigilantly. A highly cautious approach is advised for the coming week.In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.114880506114880537Relative Rotation Graphs (RRG) do not show any major change in the sectoral setup.The Nifty Pharma, Services Sector, IT, and Consumption Indices are inside the leading quadrant of the RRG. Even though a couple of them are slowing down in their relative momentum, these groups are likely to relatively outperform the broader markets.The Nifty FMCG and Midcap 100 index are the only two groups inside the weakening quadrant; they may also continue to slow down on their relative performance against the broader markets.The PSU Bank Index, Realty, Infrastructure, Media, PSE, Auto, Energy, and Commodities indices are inside the lagging quadra[...]

Economic Times News

02 Nov, 10:16


Economic Times
Politicians turned into farmers in Maharashtra

Economic Times News

02 Nov, 10:16


Economic Times
4.7° rise in temp will make India's economy sweat

Economic Times News

02 Nov, 10:15


Economic Times
Prashant Kishor reveals his unheard of poll advice fees

Economic Times News

02 Nov, 10:15


Economic Times
Cong questions logic for increasing drug prices

Economic Times News

02 Nov, 10:15


Economic Times
What’s happening at Bombay House since Tata's death

Economic Times News

02 Nov, 10:15


Economic Times
India's GDP growth ambitions hinge on these factors

Economic Times News

02 Nov, 10:15


Economic Times
Indian Army expands patrol in Eastern Ladakh

Economic Times News

02 Nov, 10:15


Economic Times
7 in 10 Delhi-NCR families feel the effects of pollution

Economic Times News

02 Nov, 10:15


Economic Times
Jaishankar to visit Australia and Singapore

Economic Times News

02 Nov, 10:15


Economic Times
Trump’s man in Europe gambles on his return

Economic Times News

02 Nov, 10:15


Economic Times
'Family split when Ajit pitted wife against Sule'