Author Archives: Loknath Das

Macy’s Plans Store Closings, Small Businesses Should Take Note

Macy’s just announced the popular retail chains plans to shutter 11 stores across the country in the coming weeks, with another 19 set to close as their leases expire. This is just the latest in a long line of retail chains that have closed retail locations and had to make significant changes to stay profitable in the age of ecommerce. And plenty ... Read More »

White House says the stock market is cheap right now

Brendan Smialowski | AFP | Getty Images Secretary of the Treasury Steven Mnuchin (L), National Economic Council Director Gary Cohn (C) and US Secretary of Commerce Wilbur Ross wait for President Donald Trump to speak about newly passed tax reform legislation during an event at the White House December 20, 2017 in Washington, DC. In an usual move for the ... Read More »

New year adds fizz to stock market rally

Shares across the world have made a powerful start to the year as economic data from three continents buoyed hopes that faster global growth will push stock markets to new all-time highs. Widespread optimism over the prospects for the world economy showed little sign of abating on Friday even after mixed US jobs data, with the benchmark US S&P 500 ... Read More »

Indian market most expensive, but FPIs may still love it: Here’s why

NEW DELHI: On paper, the domestic equity market is the most expensive emerging market globally. Yet, hope of a sharp recovery in earnings has lifted stocks to all-time high levels. For overseas investment flows to be strong in 2018, earnings need to meet the heightened expectations. They have been disappointing the Street in each of the past few financial years. While PE ... Read More »

Economy on revival mode amid sprouts of green shoots in many sectors; all eyes on FY18 GDP estimates on Friday

How do you spot an economic revival? The earliest signs are visible on the highways. Are there more lorries on expressways ferrying goods across states? Latest data show truck sales grew at a robust pace in December, a sign that transport companies are buying more vehicles to rapidly move goods to meet growing consumer demand. Sample this. Homegrown auto major ... Read More »

Commentary: The ‘Bomb Cyclone’ Could Bomb This Region’s Economy

The 2018 “bomb cyclone” won’t necessarily have the strongest impact on the Northeast U.S., as has been suggested in the media. Instead, the deepest consequences will be felt down map, where wearing heavy gloves and snow boots is not business as usual. The first days of 2018 brought the first snowfall to Louisiana’s Gulf Coast and areas of Florida in 30 years. Of course, ... Read More »

Economy looking up, says Jaitley

The minister assured the members that a positive impact of the reforms like GST and demonetisation would get reflected in the medium to long term. Union Finance Minister Arun Jaitley said in the Rajya Sabha on Thursday that key economic indicators were showing an upward swing. Mr. Jaitley assured the members that a positive impact of the bold reforms like the Goods ... Read More »

Use rallies to go short on Nifty; 5 stocks which can give up to 15% return

Rohit Singre Bonanza Portfolio The Nifty index closed the day on a flat note on Wednesday after a volatile session. Consecutively, the index showed a volatile session for the third day in a row and closed at 10,443.20. Technically, the index has formed strong resistance near 10,550 zone and we have seen a strong profit booking from the said levels. ... Read More »

Market Now: Check out the stocks that cracked over 5%

NEW DELHI: Shares of Shekhawati Poly-Yarn (down 7.14 per cent), Sterling Biotech (down 6.93 per cent), Diamond Power (down 5.20 per cent) and CKP Products (down 5.09 per cent) cracked over 5 per cent in morning trade on Thursday, even as broader markets remained in the positive zone. On the other hand, Bombay Rayon Fashions (down 4.99 per cent), Lasa ... Read More »

Top stocks in focus on 04 January 2018

NEW DELHI: Domestic equity markets are likely to see a flat to positive start on Thursday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. At 8.12 am, Nifty futures trading on SGX were trading 19.50 points, or 0.19 per cent, higher at 10,498.50, indicating a positive start for the Nifty50. Here is a list of top stocks ... Read More »