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Targets for the Sensex and Nifty, market forecasts, and recommended stocks from 10 brokerages for the year 2023
During the Santa Rally, which lasted for the last five trading days of 2022 and the first two sessions of 2023, the Sensex rose by about 1,500 points, signaling a strong start to the new year on Dalal Street. Foreign investors suffered losses in 2022 as the Nifty sank 6% in US dollar terms despit...
JAPAN’S NOMURA HOLDINGS REPORTS A LOSS OF $2.3 BILLION
Highlights –
- Japan’s Nomura Holdings reports a loss of $2.3 billion.
- The loss was from trades tied to U.S. investment firm Archegos Capital Management.
- Nomura is not planning any major changes in its business strategies. ...
NOMURA HOLDINGS LIKELY TO POST A LOSS DUE TO U.S TRANSACTIONS
Highlights –
- Nomura holdings likely to post a loss due to U.S transactions.
- Nomura Securities Co. estimates a claim against the U.S client to be around $2 billion.
- The company plans to cancel issuance of $3.25 billion in corporate bo...
VIVA REPUBLICA WILL SOON ENTER MOBILE SECURITIES BUSINESS
Highlights –
- FSC gave Viva Republica preliminary permission to provide online brokerage services
- Viva Republica is the service operator for a money transfer app ‘Toss’
- The FSC gave preliminary approval to Toss Bank to ope...
LOCAL BROKERAGES AND INTERNET BANKS FACE DISRUPTING SERVICES
Highlights –
- Online transaction disruptions faced by local brokerages and internet banks
- Problem due to malfunction in electromagnetic compatibility
- The ministry, however, denied that its website was responsible for the error
With the possibility of headwinds ahead, UBS decided to downgrade 6 of the FMCG stocks, however, still remains bullish on the ITC, Marico
In a statement by UBS during the year of 2019, the consumer staples stocks performed poorly in the market with the discretionary and the urban proxies faring far better than them. Even then, they said that most of the companies in their coverage still continue their trade at the premium that was ...
FMCG expected to boom in the festive season.
FMCG (Fast-Moving Consumer Goods) also known as Consumer-Packaged Goods (CPG) are products that are sold quickly and at a relatively low cost. The market for these goods is always good and the loss factor is relatively less in these types of consumer goods.
Even though the festive seaso...