The Sensex and the Nifty closed the week with losses of about 1 percent. The Nifty, which hit a record high of 12,158 last week, failed to hold onto the momentum and closed with losses of 1.1 percent for the week ended December 6.Experts are of the view that selling was largely seen in the rate-sensitive pack after the RBI policy outcome. The consolidation may continue in the coming week as well, but 11,700-11,800 is likely to act as crucial support for the Nifty, they say.Below are the top 10 stocks which moved the most this week:Close Whirlpool, up 9% related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty The share price of Whirlpool gained over 9 percent for the week on consistently strong financial performance. A sharp gain in the market price has seen the company enter the list of top 100 companies with the … [Read more...] about Top gainers & losers: Top 10 stocks which moved the most this week, YES Bank tanks 18%
Ferrari stock price
LOS ANGELES (AP) — When it comes to investing in cannabis stocks, the marijuana bud’s faded bloom has shown few signs of returning this year. Cannabis stocks have had a harsh comedown as investors’ enthusiasm about the prospects for strong growth and blockbuster company mergers has dimmed. The ETFMG Alternative Harvest exchange traded fund, which focuses on cannabis stocks, is down 32.5% this year and off 40.1% from a year ago. Shares in some of the biggest marijuana companies, including Tilary, MedMen Enterprises and Aurora Cannabis, have fallen much further. At the same time, the broader stock market is on track for strong gains. The S&P 500 index is up 25.5% this year and 16.7% above where it stood 12 months ago. Several factors have combined this year to weigh down cannabis stocks. In Canada, which legalized marijuana in October of 2018, sales have been stymied by government limits on the type of products with cannabis that retailers can sell. In addition, … [Read more...] about Cannabis stocks’ 2019 skid showing few signs of easing
IF money was no object what car would you buy? Many dream of owning a classic super car from Ferrari, Jaguar or Aston Martin. Sadly, the huge price tags mean us mere mortals could never think of getting our hands on one. And some of the richest celebs would have to take a back step when it comes to the pricest models in the world, too. That's because even by super car standards the value of the most expensive cars in the world are eye-watering. Prices continue to rocket, with classic cars one of the best investments around.Ferraris dominate the all-time top 10 list accounting for seven raking in hundreds of millions in recent years. But we've compiled the top 10 most expensive cars of all time for each car maker - adjusted for current prices - for you to drool over on your lunchbreak.1. 1962 Ferrari 250 GTO Date sold: 14 August 2014 Price sold: £29.3millionThis Ferrari is one of the most sought after cars in the world so it's little surprise this version which was second off the … [Read more...] about The top 10 most expensive cars of all time by brand including Ferrari, Jaguar, Porsche and Aston Martin models – but which one would YOU choose?
Non-Banking Financial Companies (NBFCs) have been under severe pressure for over a year, but the sector now appears ripe for a turnaround.Most NBFCs had a decent quarter amid a challenging environment as they reported steady net interest margins (NIMs) despite an increase in borrowing costs."A lot of pieces are falling in place for NBFCs. Stronger liability profile supported by more diversified, granular and longer duration bank borrowings, deposits and securitisation along with the lower cost of borrowing and normalisation of credit spreads, and a significant improvement in overall system liquidity will aid in a return of confidence to the sector," said JM Financial in a report on December 2.Close With lower valuations, JM Financial believes the sector is attractively placed in the context of improving liquidity conditions, lower funding costs and lower credit spreads going ahead. related news This stock has gained 77% in the last 14 consecutive sessions Shakti Pumps shares … [Read more...] about 5 NBFC stocks brokerages recommend for your basket as the sector looks for turnaround
The price of oil has briefly fallen below $28 to its lowest point for 13 years on concerns about a worsening supply glut after sanctions on Iran were lifted, allowing the country to resume oil exports. The global benchmark of Brent crude tumbled to as low as $27.67 in Asia on Monday – a fall of 4.4% on Friday’s close – before rebounding to trade at $28.52 at 5am GMT. The last time Brent closed below $28 was in November 2003. Iran is ready to increase its crude exports by 500,000 bpd, its deputy oil minister said on Sunday. Daily global demand is more than 80m bpd. “The drop in price was due to the western sanctions on Iran being lifted. This means we will be seeing a bigger oil glut with Iranian crude exports coming back to the market,” said Daniel Ang, an analyst at Phillip Futures. The United States and the European Union lifted the sanctions on Sunday after the UN’s nuclear watchdog confirmed that Iran had complied with its obligations under a … [Read more...] about Oil price dips below $28 to 13-year low as markets brace for Iranian supply
The price of crude oil could tumble to $20 a barrel in the coming months if China’s currency continues to decline against the US dollar, one of Wall Street’s leading investment banks has predicted. On a day when the cost of crude hit a new 12-year low and edge closer to the $30 a barrel level, Morgan Stanley posted a forecast on Monday of $20-25 a barrel for oil based on movements in currencies. Oil is priced in US dollars and Morgan Stanley’s analyst, Adam Longson, said it had been the strength of the greenback rather than oversupply that had pushed crude down by $20 a barrel in the past two months. China’s currency, the yuan, has been weakening as a result of concerns about the health of the economy, and Longson said: “Given the continued US dollar appreciation, $20-25 oil price scenarios are possible simply due to the currency.” The cost of Brent crude dropped by almost 5% in London business trading, and ended the day just under $32 a barrel - its … [Read more...] about Oil price forecast to fall to $20 a barrel, predicts Morgan Stanley