FPIs lap up Indian equities worth Rs 35,000 crore in March - 8 months ago
In 2024, so far, FPIs have purchased domestic shares worth Rs 10,893 crore. In January they were net sellers and sold equities worth Rs 25,744 crore and followed it with purchases worth Rs 1,539 crore in February.
Economic Times

Brett Steenbarger on how to adopt right trading psychology for investing success - 8 months ago
Noted clinical psychologist and investor Dr Brett Steenbarger says the idea should be to identify, interrupt and deal with the problems that interfere with successful trading and look for effective strategies for coping with the stumbling blocks that one often faces on a day-to-day basis.
Economic Times

Rs 16,600-cr worth block deals take place this week; Mankind Pharma, Shriram Finance see significant action - 8 months ago
In the largecap segment, 15 companies witnessed significant block deals.
Economic Times

Q4 earnings season to begin soon. Here's the calendar for key results you need to track - 8 months ago
March quarter earnings season will begin in the second week of April. Infosys, HDFC Bank, and ICICI Bank, among others, have shared the date for declaring their Q4 results. Take a look at the earnings calendar (Source: BSE)
Economic Times

Why it’s time for a fresh rally in midcaps and smallcaps - 8 months ago
Since 2010, the Nifty Smallcap 100 and the Nifty Midcap 100 have embodied a bullish run in the month of April. This trend has been characterized by consistent upward movements in these indices, marking April as a particularly favourable period for investors eyeing small and midcap stocks.
Economic Times

Powell reiterates Fed doesn't need to be in a hurry to cut interest rates - 8 months ago
Fed officials held short-term interest rates at a more than two-decade high at that meeting, and a narrow majority penciled in three rate cuts for 2024. Powell said at the time that it would likely be appropriate to ease policy "at some point this year." But he and other policymakers have made clear they're in no rush given the underlying strength of the economy and recent signs of persistent price pressures.
Economic Times

Investors get relief on KYC, can continue with SIPs and SWPs - 8 months ago
CDSL Ventures said on March 28 that investors whose KYC record meets the PAN - Aadhaar seeding validation and whose email and mobile number are validated by KRA will be allowed to continue transactions in the securities market with their existing intermediary.
Economic Times

AIFs want to know extent of exclusion for equity play now - 8 months ago
On Wednesday, the Reserve Bank of India (RBI) allowed banks and NBFCs to exclude AIF investments in equity shares of their debtor companies, but included all other investments, including those in hybrid instruments.
Economic Times

Edelweiss invests Rs 775 cr in Prateek Realtors and Suruchi Properties - 8 months ago
Suruchi Properties is part of Century group, real estate groups based out of Bangalore. The company is engaged in development of residential projects namely Golfview located at Indiranagar, Bangalore with total saleable area of 8,73,238 Sq fts.
Economic Times

Investors eye Fed rate cut, earnings as key to sustaining market rally - 8 months ago
The S&P 500 ended the first quarter with a gain of more than 10%, its largest first quarter advance since the nearly 13.1% jump in the first quarter of 2019
Economic Times

Dalal Street minnows steal the show in FY24; give hefty returns to investors - 8 months ago
As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent. In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.
Economic Times

Nifty financial service index stocks: Are headwinds slowing down? - 8 months ago
In the last three years, different segments of financial service have witnessed very different trends. Trend not in terms of business but in terms of headwinds or tailwinds. While the large private banks have stagnated, some of the small private sectors have come back into the limelight. PSU banks as a pack have made a comeback, insurance companies are still searching for direction, asset management companies have been able to get their mojo back while NBFC are facing new challenges in terms of higher provisions to regulatory. So,each to own it probably defines when it comes head or tailwinds. But what is the common factor is that most of these have a high FPI holding. Now FPIs have largely been the seller in the Indian markets, occasionally they have made a comeback for a short period of time. At this point of time, they are neither major buyers or sellers, but this equilibrium will change. When that happens, it is this set of 20 stocks which will signal which way the wind is blowing for which segment.
Economic Times

Shakti Pumps raises Rs 200 crore through QIP - 8 months ago
Shakti Pumps (India) announces closure of Rs 200 crore QIP. With this fundraise, our balance sheet is placed well and will give us the opportunity to improve our market presence and consistently deliver strong results in the times ahead
Economic Times

Is all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade. - 8 months ago
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system.
Economic Times

Nifty 50 Outperformers: Top stocks that gained over 80% in FY24 - 8 months ago
Benchmark equity indices ended on a buoyant note on the last trading day of the financial year 2023-24 against the backdrop of a positive trend in the global market. For the fiscal year 2023-24, Sensex and Nifty delivered strong gains. The Sensex rose 28.6%, while the Nifty climbed 24.8%. These gains outpaced most other major market indices. However, the bigger gainers were the Nifty mid and smallcap indices.The Nifty Midcap surged 60%, whereas the smallcap index soared 70% and gave its best performance in the last three financial years. India’s total market value surged by ₹133 lakh crore in FY24. Traders are looking forward to seeing Nifty close above 22,400 levels to assess whether further upsides are likely. Some analysts, however, expect the Nifty to hit new highs in the first week of the new fiscal year.Coming to the constituents, 48 of Nifty 50 stocks generated positive returns in the last financial year. Here’s a list of the top performers with over 80% gains. Take a look:
Economic Times

It's getting increasingly harder for active funds to outperform their benchmarks, says Nithin Kamath - 8 months ago
"It's a no-brainer to opt for low-cost index funds as the core of your portfolio. You can complement that with other funds, but the core should be passive funds," Kamath said on X (formerly Twitter).
Economic Times

Is all the bad news and views priced in? 4 stocks from the natural gas sector for contrarian trade - 8 months ago
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system.
Economic Times

TCS, SBI among 10 stocks that earned upgrades in last 1 month. Check revised target price - 8 months ago
A host of brokerages have upgraded the target prices of several stocks in the last one month. Trendlyne data shows that 10 stocks, including TCS, SBI, Can Fin Homes, and UNO Minda faced up to two analysts' target price upgrades in the last 1 month. Here's a list of these stocks:
Economic Times

Ipca Laboratories shareholders reject employees stock option scheme resolution - 8 months ago
The Employee Stock Option Scheme, being a special resolution, required at least 75 per cent votes in favour. Only 63.8 per cent of the votes polled were in favour of the resolution with 36.19 per cent against, as per the filing.
Economic Times

China stocks rise on state-backed buying; property shares fall - 8 months ago
property shares fell after a string of Chinese property developers, including Vanke, reported weaker financial results for 2023.
Economic Times

Is all the bad news and views priced in? 4 stocks from the natural gas sector for contrarian trade. - 8 months ago
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system.
Economic Times

Why Lok Sabha election is a non-event for stock market investors - 8 months ago
Recent events suggest a parallel anticipation in the market ahead of the upcoming general election. The market's mood was sceptical before the five assembly elections results were out.
Economic Times

An unconventional strategy for retirement in today’s time - 8 months ago
Perhaps it's because we've witnessed our elders grappling with health issues, boredom, loneliness, and financial dependency on their children.
Economic Times

Japan's Nikkei posts biggest point gain on record for fiscal year - 8 months ago
The rally was supported by better corporate governance, foreign buying on a weaker yen and expectations that the Bank of Japan will stick with loose monetary policy.
Economic Times

Fasten your seatbelts as gold, silver, and copper are set to soar! - 8 months ago
Gold's rally is driven by Fed cuts, hedge fund bets, central banks' gold accumulation, geopolitical tensions, and silver's potential surge. Copper prices are set to rise, indicating a bullish outlook for precious metals.
Economic Times

Stupendous FY24 drives market cap of 25 cos by Rs 1 lakh crore; Zomato among them - 8 months ago
The unperturbed faith of retail investors, coupled with higher participation of both foreign investors and mutual funds led the strong performance and also drove the market capitalization.
Economic Times

Tata boom! Love-all-things-Tata portfolio soars by over Rs 9 lakh crore in FY24 - 8 months ago
On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings.
Economic Times

Is the stock market open on Good Friday today? - 8 months ago
Equity markets will remain closed for a total of 145 days in the calendar year, the same as that of 2023.
Economic Times

Asian stocks rise to track gains on Wall Street - 8 months ago
Japanese, South Korean and mainland Chinese stocks also rose, with much of the region, including Australia, Hong Kong and Singapore closed for a public holiday.
Economic Times

Tatas keeping a close eye on pledged shares as Shapoorji Pallonji goes on Rs 20,000-cr fundraise - 8 months ago
"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.
Economic Times

Tokyo stocks rebound after US records - 8 months ago
Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall Street. Many stock markets around Asia, including Hong Kong, were closed for Good Friday.
Economic Times

Mainland China stocks rise in early trade - 8 months ago
Mainland China stocks rose after the open on Friday, adding to the healthy gains recorded a day earlier. In early trade, the Shanghai Composite Index gained 0.27 percent, or 8.26 points, to 3,018.92, while the Shenzhen Composite Index on China's second exchange climbed 0.4 percent, or 6.90 points, to 1,739.50.
Economic Times

S&P 500 closes higher to secure strongest Q1 since 2019 - 8 months ago
Each of the three main U.S. indexes recorded solid quarterly gains, led by a climb of 10.16% for the S&P 500, aided by optimism over artificial intelligence (AI) related stocks and expectations the U.S. Federal Reserve will begin to cut interest rates this year.
Economic Times

How the US stock market rocketed through the first quarter - 8 months ago
The S&P 500 has climbed more than 10% so far this year to post its biggest first-quarter gain since 2019. The benchmark index in late January hit its first record high in two years, as it built on a surge in late 2023, and has not looked back, setting more than a dozen highs without a significant pullback so far in 2024.
Economic Times

Public shareholders clear ICICI Securities' delisting - 8 months ago
In the voting process that ended on March 27, investors holding 71.89% of the lender's shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities' delisting from the bourses. Shareholders of the broking firm will receive 67 shares of ICICI Bank for every 100 shares held.
Economic Times

These 3 sectors had a blast in a tentative March month. What to look forward to? - 8 months ago
If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small caps excelled with an impressive 63%, as indicated by the respective indices.
Economic Times

Rate hikes not fully transmitted, RBI may hold repo in April meet - 8 months ago
RBI maintains accommodation withdrawal due to incomplete transmission, focusing on inflation targeting and transmission challenges. Gudwani notes RBI's cautious stance, emphasizing the impact of liquidity conditions on rate transmission pace.
Economic Times

Bank loans to industry and services grow, retail lags in February - 8 months ago
Agricultural loans grew by 20.1%. Fresh loan rates at 9.36%. External Benchmark-based Lending Rate loans rose to 56.2%. Commercial real estate loans surged by 37.9%.
Economic Times

Gandhinagar: Sumitomo Mitsubishi Banking Corp gets nod to open branch in GIFT City - 8 months ago
SMBC opens branch in GIFT City, easing Japanese investments. Special zone provides tax benefits for offshore borrowing. India's first smart city, GIFT City, caters to diverse client needs with international and domestic banks.
Economic Times

India still under FTSE Russell consideration - 8 months ago
"There are criteria for a Market Accessibility Level of 1 the market does not satisfy, including the documentary requirements to fulfil the Foreign Portfolio Investor (FPI) registration, increased regulatory reporting, the inflexible length of the settlement cycle and the tax clearance process," an FTSE note read.
Economic Times

Tatas keeping a close eye on pledged shares - 8 months ago
"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.
Economic Times

Sanlam Life cuts Shriram Finance stake - 8 months ago
Shares of the company closed 1.1% down at ₹2,360 on Thursday, after declining 3.22% in the last one month.
Economic Times

Karvy investor faces Sebi ban - 8 months ago
The regulator had conducted an inspection of Karvy Investor Services last year, during its onsite visit it found that it was not functioning both at the registered as well as in the correspondence address.
Economic Times

1 in every 5 stocks in Nifty 500 doubled your money in a year - 8 months ago
​​The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the financial year witnessed the resurgence of investment themes such as power, capital goods, and PSUs, which were mostly out of favour since 2008.
Economic Times

Adani cements its Ambuja stake with Rs 6,661 cr infusion - 8 months ago
The Adani family has invested ₹6,661 crore in Ambuja Cements, increasing its stake to 66.7%. This marks the second fund infusion since late-2022, when ₹5,000 crore was invested through warrants. The total investment of ₹11,661 crore aims to enhance capital flexibility for growth and strategic initiatives. Adani Cement, comprising ACC and Ambuja Cements, targets a production capacity of 140 million tonnes by 2028. The funds will support capacity expansion, operational efficiency, and strategic initiatives, including resource optimization and supply chain enhancements.
Economic Times

A modest debut for T+0 settlement - 8 months ago
According to BSE, 63 brokers participated in the shorter trade settlement process with 41 trading in 10 stocks. They placed a total of 329 orders which resulted in 90 trades, said the exchange in a release.
Economic Times

Nifty scores at 28% in FY24; investor wealth surges Rs 133,00,000 cr - 8 months ago
Nifty ended 0.9%, or 203 points, higher to close at 22,326 after jumping as much as 1.8%. The Sensex, which closed 0.90%, or 655 points, higher to close at 73,651, rose up to 1.6% earlier in the day. Both indices came close to hitting record highs. For the fiscal 2023-24, the Nifty was up 28.61% at the close of trade on Thursday. India's total market value surged by ₹133 lakh crore in FY24.
Economic Times

Godrej Agrovet buys 7.37 lakh shares in GCGPL for Rs 25 crore - 8 months ago
Godrej Agrovet invests Rs 25 crore in Godrej Cattle Genetics through rights issue, acquiring 7.37 lakh shares. The subsidiary focuses on agri-business, dairy farming, high-breed cattle, and cattle embryo, remaining wholly-owned.
Economic Times

PTC India gets shareholders' nod to divest 100% stake in energy arm - 8 months ago
In October, PTC India announced that the upstream firm ONGC had emerged as the successful bidder for acquiring 100 per cent stake in PTC Energy for an enterprise value of Rs 2,021 crore.
Economic Times

US stocks lackluster ahead of Easter break, eyes sharp Q1 gains - 8 months ago
At current levels, the blue-chip Dow is less than 1% away from the 40,000-mark, a level it has never breached. The S&P 500 on track for its best first quarter performance since 2019. Data on Thursday showed the US economy grew faster than previously estimated in the fourth quarter
Economic Times