NSE to introduce WTI crude oil, natural gas futures contracts from May 15 - over 1 year ago
These contracts will expand NSE's product offering in the energy basket and its overall commodity segment.Experts believe that these contracts would provide the market participants with an efficient avenue to hedge their price risk
Economic Times

Fed's Goolsbee: mild recession is definitely a possibility - over 1 year ago
"There is no way you can look at current conditions around the world and in the US and not think that some mild recession is definitely on the table as a possibility," Goolsbee said in an interview with CNBC. "The data show that and we've raised rates almost 500 basis points in a year."
Economic Times

InCred Alternatives launches its first Rs 1,000 crore category III open ended AIF - over 1 year ago
The fund is managed by Rishi Kohli, who is an industry veteran in the derivatives quantitative strategies market in India. He has been a pioneer in options strategies and managed futures through the development of the Indian derivatives market over the years
Economic Times

US stocks mixed as markets digest bank earnings, retail data - over 1 year ago
US retail sales fall 1% in March as the Federal Reserve's series of interest rate hikes ripple through the world's biggest economy. The Dow picks up 0.1% and the S&P 500 rises 0.2% around 10 minutes into trading.
Economic Times

Infosys Q4 results: 5 key takeaways - over 1 year ago
Q4 numbers of IT giant infosys were below the street estimates. Many analysts are also expecting the stock to react negatively on Monday. So, what's next for Infosys?
Economic Times

When it comes to climate risk, investors prize disclosure, report suggests - over 1 year ago
As investors relied on "a patchwork of voluntary climate-related communications" between 2011 and 2020, the Lazard bankers and professors from the Harvard Kennedy School, Columbia University and London's Imperial College found that Russell 3000 companies seem to be better off being up-front about their emissions
Economic Times

Mutlibagger stock, with over 150% returns in 6 months, announces record date for stock split - over 1 year ago
As per media reports, Goyal Aluminiums has plans to invest Rs 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh. The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project
Economic Times

Emergency Credit Suisse rescue shakes faith in Switzerland - over 1 year ago
The use of emergency laws, in which shareholders and parliamentarians have no say, will also damage the standing of Switzerland's financial industry abroad, analysts have said, especially as it faces rising competition from other financial centres like Singapore
Economic Times

US money market funds draw inflows for fifth straight week - over 1 year ago
U.S. money market funds have been successful in attracting investment with a net inflow of $20.51bn in the week to April 12, marking the fifth consecutive week of inflows. Investors moving their money out of bank deposits and putting it in money market funds amid short-term interest rate rally, encouraged by a still-strong labour market and the prospect of the Federal Reserve’s rate hike in May. Equity funds' outflows dropped to a three-week low of $1.09bn, according to Refinitiv Lipper data.
Economic Times

Learn with ETMarkets: Funds from operations, an important metric to analyse REITs - over 1 year ago
When a REIT earns revenues from the rental income, they deduct any expenses incurred and distribute the amount of the profits among the unit holders (investors) as dividends.To qualify as a REIT, SEBI requires that at least 80% of the funds raised by the company are invested in completed properties that can be rented out
Economic Times

These 7 laggard stocks of CY22 are on the rise in CY23, do you own any? - over 1 year ago
Investing in stocks involves certain amounts of risk, and selecting the right stock can be a challenging task. Even when the market trend is generally weak, some stocks may defy the trend and increase in value, while others may experience the opposite outcome. For instance, in CY22, despite the benchmark index increasing by 4.5%, several stocks underwent a significant decline. However, in CY23, these stocks rebounded strongly.ET Markets has examined stocks that experienced a decline of over 40% in the previous calendar year (CY22), but have now achieved more than double-digit returns in CY23. From the Nifty500 package, we have identified 7 stocks that meet these criteria (Data Source: ACE Equity). Trendlyne SWOT analysis suggests that these stocks have more strengths than weaknesses.
Economic Times

Finvasia-owned Shoonya broker issues clarification on tech glitch - over 1 year ago
Leaving traders venting their frustration on Twitter, Shoonya systems encountered a technical error when the markets opened on Thursday. Leading to huge losses, traders were not able to square off their positions on expiry day. The app also started displaying incorrect positions.
Economic Times

U.S. money market funds draw inflows for fifth straight week - over 1 year ago
U.S. money market funds have been successful in attracting investment with a net inflow of $20.51bn in the week to April 12, marking the fifth consecutive week of inflows. Investors moving their money out of bank deposits and putting it in money market funds amid short-term interest rate rally, encouraged by a still-strong labour market and the prospect of the Federal Reserve’s rate hike in May. Equity funds' outflows dropped to a three-week low of $1.09bn, according to Refinitiv Lipper data.
Economic Times

Investors put $538 billion into cash funds over eight weeks - BofA - over 1 year ago
Investors have moved $538bn into money market funds over the past eight weeks as they withdraw money from bank deposits after Silicon Valley Bank's collapse. The move followed shockwaves that went across markets in mid-March and called into question the safety of US bank deposits. Bank of America's analysts said that the catalyst for the big shift to cash came from $500bn of outflows from commercial bank deposits over the past five weeks, and central bank interest hikes that pushed up the yields on short-dated debt and money market funds, making them more attractive to investors.
Economic Times

Learn with ETMarkets: Funds from operations (FFO), an important metric to analyse REITs - over 1 year ago
REITs offer diversification into real estate at a nominal rate. It is easily tradable on the exchange and provides regular dividends to its investors.
Economic Times

James Murdoch's Bodhi Tree slashes planned investment in Reliance JV Viacom18 by 70% to Rs 4,306 crore - over 1 year ago
Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, has reduced its planned investment in Reliance's broadcast venture Viacom18 by 70%, investing Rs 4,306 crore ($527.84 million). Reliance Industries will lead the investment with a Rs 10,839 crore infusion.
Economic Times

How to inflation-proof your portfolio. Here are 5 things you can do - over 1 year ago
Consequently, some caution might lurk around in markets in the immediate short term, and multiples may see some softening. However, in the longer term, India is relatively isolated from these events. Indian banking system’s rules are pretty robust.
Economic Times

European shares rise on hopes of end of US rate-hike cycle - over 1 year ago
European shares were boosted by the expected halt of the US Federal Reserve’s aggressive interest rate-hike policy following the unexpected fall in US producer prices in March. The pan-European STOXX 600 rose 0.3%, while real estate shares led gains rising by 0.7%. Hermes' shares went up by 0.9% after the Birkin bag manufacturer announced sales growth of 23% in Q1. Further gains were posted by TomTom, which jumped 11.8% after reporting better than expected Q1 revenues. However, insurance shares slid by 0.6%. The STOXX 50 index was up by 0.3%.
Economic Times

Asian stocks follow Wall St higher as US inflation cools - over 1 year ago
Asian stock markets rose on Friday tracking Wall Street, as US inflation data appeared to ease in March and China reported strong exports. This comes amid hopes that the Federal Reserve and other central banks might postpone or scale back plans for interest rate hikes. The Hang Seng in Hong Kong remained steady and New Zealand declined, while Singapore and Jakarta gained. Indian markets were closed for a holiday. US benchmark crude oil futures rose and the dollar fell to 132.50 yen from 132.77 yen.
Economic Times

5 debt-free chemical firms largely languish over last 1 year. Can trend reverse? - over 1 year ago
The Indian chemical industry is one of our nation's most important components of our economy. It contributes around 7% to India's GDP. When most sectors suffered to survive during the pandemic, the chemical sector survived and flourished. Now, since we are talking about debt-free companies in today's video, we will talk about 5 zero debt companies from the chemical sector. Data Source: Ritesh Presswala | ACE Equity | Trendlyne
Economic Times

Holiday and party time; QSR stocks can deliver over 56 % returns, say analysts - over 1 year ago
We take a look at Quick restaurant space ( QSR ) except the two stocks which would come on top of your mind. Jubilant Food Works and Westlife. These are other 4 companies which have got listed in the last few years and have been getting analyst attention. But there is a dichotomy, while scores are not so good, expected price performance is reasonably good. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Allocation in your portfolio through the mutual fund route - over 1 year ago
The other approach is getting into hybrid funds, with a defined portfolio allocation. There are aggressive hybrid funds with an equity allocation of more than 65 percent of the portfolio, there are conservative hybrid funds with equity of less than 25 percent of the portfolio, there are arbitrage funds, balanced advantage funds, etc. The advantage of this approach is that hybrid funds, since they have a defined asset allocation, will reset the portfolio when there is a deviation.
Economic Times

3 mutual funds include this multibagger stock in March. Should you buy? - over 1 year ago
According to the latest shareholding pattern available with the exchanges, mutual funds have a combined stake of 11.90%. Apart from the above three funds, HSBC Value Fund has 1.46% stake in the company and Franklin India Flexi Cap Fund owns 7.39%. Meanwhile, retail investors own nearly 17%.
Economic Times

New stock picks of top 10 mutual funds in March - over 1 year ago
In March 2023, mutual funds infused Rs 20,700 crore, and alongside FIIs bought Rs 13,100 crore in the Indian secondary market. Key additions by mutual funds in March include Adani Power, Adani Wilmar, Data Patterns, Divgi Torq and Kirloskar Oil Engines. Here is a list of new stocks that mutual funds bought in March, according to a report by Nuvama Institutional Equities:
Economic Times

Nifty Financial Services Index stocks analysts suggest buying with upside potential up to 38% - over 1 year ago
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

2 mutual funds exit Paytm stock in March despite rally - over 1 year ago
In a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm payment devices like Soundbox and PoS. In just one year, the company has gone to 6.8 million devices deployed from 2.9 million devices a year ago.
Economic Times

Banking sector to deliver over 40% PAT growth in Q4; ICICI Bank, Chola Investment top buys - over 1 year ago
We estimate slippages to remain under control, which, along with recoveries, should improve the asset quality. The restructured and ECLGS books have been resilient, which along with a low SMA book will keep credit costs under control in FY23. Though, we expect a slight uptick in credit costs in FY24.
Economic Times

Notwithstanding Hindenburg report, 5 mutual funds shopped for Adani Power, Adani Wilmar stocks in March - over 1 year ago
Motilal Oswal Mutual Fund (MF), Mirae Mutual Fund and Edelweiss Mutual Fund bought shares of Adani Power while UTI MF and HSBC MF shopped for Adani Wilmar, according to March mutual fund analysis published by Nuwama Institutional Equities.
Economic Times

Fundamental Radar: Triveni Engineering a play on higher capacity utilisation & sugar production, says Kruttika Mishra - over 1 year ago
"Triveni Engineering & Industries Ltd is well poised to achieve strong double-digit earnings growth over FY22-25 with higher capacity utilisation in the expanded distillery facility, improved production for the sugar business, and better order book in engineering business. We maintain buy for a target of Rs 340," Kruttika Mishra, Research Analyst at Sharekhan by BNP Paribas, said.
Economic Times

This multibagger BSE500 stock turns Rs 10,000 to Rs 16 lakh in 10 years - over 1 year ago
According to the latest shareholding pattern available with the exchanges, public shareholders own a majority of the stake at 62.68%, while the remaining 37.32% is owned by promoters and promoter groups.
Economic Times

US stock market: S&P 500, Dow rally to higher close as inflation data feeds Fed pause hopes - over 1 year ago
All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc , Microsoft Corp and Amazon.com providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month.
Economic Times

Asian shares up as Singapore joins the pause camp - over 1 year ago
The Monetary Authority of Singapore (MAS) surprised many by leaving policy unchanged, saying the tightening already underway would ensure inflation slowed sharply later this year.
Economic Times

Asia shares up as Singapore joins the pause camp - over 1 year ago
The Monetary Authority of Singapore (MAS) surprised many by leaving policy unchanged, saying the tightening already underway would ensure inflation slowed sharply later this year.
Economic Times

At 4-7%, Infosys sees slowest sales rise in six years in FY24 - over 1 year ago
Infosys forecast its slowest revenue growth in six years of 4-7% for fiscal year 2024 as India’s second largest software exporter flagged “ramp downs” of client mandates amid an uncertain macro environment in its major markets of US and Europe.
Economic Times

FirstCry plans secondary offer to sovereign funds at $ 3 billion valuation - over 1 year ago
Initial talks on for around $100m transaction; SoftBank to sell small stake.
Economic Times

Liquidity surplus at 9-month peak on high govt spend, FPI inflows - over 1 year ago
Typically, around 60% of government expenditure occurs in the first six months of a financial year. The Centre has earmarked Rs 10 lakh crore in the current fiscal for capex. Last fiscal, the government adopted a slower approach to capex spending until clarity emerged on its revenue streams, analysts said. According to analysts, it was likely that amid its large spending push, the government was currently availing of the WMA.
Economic Times

CreditAccess raises $20 million from OeEB - over 1 year ago
"This marks the third ESG-linked loan in our inclusive finance journey with $80 million raised so far," managing director Udaya Kumar Hebbar said.
Economic Times

Wall St rallies to higher close as inflation data feeds Fed pause hopes - over 1 year ago
All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc , Microsoft Corp and Amazon.com providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month.
Economic Times

Commission caps gone, insurers to face more competition - over 1 year ago
The Indian insurance regulator's decision to abolish commission caps has led to increased competition among insurers to attract market share, particularly unlisted players who are offering higher commissions to bank. While it is hoped that there will be more transparency in payouts to distributors, it is unclear whether insurers will alter payouts significantly in pursuit of rapid growth or stick to profitability.
Economic Times

Unsecured personal loans top growth driver for banks, beat wholesale segment - over 1 year ago
In absolute terms, unsecured loans were at ₹2.2 lakh crore between February 2022 and February 2023. This is almost double the amount banks lent to large corporates in the same period at ₹1.18 lakh crore (or 5% year-on-year) and inching closer to ₹2.49 lakh crore worth of home loans extended by commercial banks.
Economic Times

Stock indices gain for 9th session - over 1 year ago
The Sensex ended at 60,431, up 38.23 points or 0.06% from Wednesday's close. The Nifty gained 15.60 points or 0.09% to close at 17,828. India's banks, stock and money markets will remain closed on Friday for Ambedkar Jayanti.
Economic Times

Vedanta plans to raise Rs 2,100 cr via NCDs - over 1 year ago
Vedanta will be issuing up to 21,000 secured, unrated, unlisted, redeemable NCDs of face value ₹10 lakh each in one or more tranches, as per a stock exchange filing. Vedanta did not state the purpose for this fundraise in its note to the exchanges.
Economic Times

Brokerages cut TCS earnings, price targets - over 1 year ago
For instance, JPMorgan maintained its underweight rating and slashed its revenue estimate by 1% and margin by 20 basis points (bps), resulting in a 2% EPS cut for the next fiscal. Its revised price target represents a 15% downside from the current levels.
Economic Times

Wall St climbs as inflation, jobless claims data ease rate worries - over 1 year ago
Investors mostly stuck to expectations of the 25-bps hike after Thursday's data
Economic Times

P-notes investment declines to Rs 88,398 cr in Feb - over 1 year ago
Investment via participatory notes (P-notes) in Indian markets fell to Rs 88,398 crore month-on-month in February due to the markets' higher valuation, representing the third monthly decline in the investment level. The trend of investing through the route had been continuously increasing since July 2022 due to a slump in commodities prices and Indian equity markets' relative outperformance. Market experts have noted that Indian markets are expensive compared to other emerging markets, making it a good opportunity for Foreign Portfolio Investors (FPIs) to book their profits and search for cheaper valuations elsewhere.
Economic Times

Big companies may not deliver big numbers for some time, start hunting stocks from the bottom: Shankar Sharma - over 1 year ago
Speaking at AIF & PMS Conclave 1.0 Summit, Sharma said the Indian market offers a huge opportunity in terms of bottom up companies. "Market opportunities in India are huge. Irrespective of foreign flows, India has done well and will continue to do well."
Economic Times

Quest Investment Advisors launches its third category-3 AIF - over 1 year ago
In Quest Smart Alpha Rising Leaders, the fund would focus on identifying 20-30 unique companies in the smallcap and midcap space in sectors which have the potential to deliver significantly higher growth than they have in the recent past owing to various structural and company level changes.
Economic Times

Infosys ADRs slump nearly 9% on NYSE on weak Q4 numbers, subpar guidance - over 1 year ago
ADRs of Infosys are currently trading 8.51% lower at $15.62. A poll by ET Now had expected Infosys to clock a profit of Rs 6,550 crore and revenue at Rs 38,850 crore
Economic Times

SIPs at an all-time high in March; retail investors’ confidence intact - over 1 year ago
Equity mutual funds have seen inflows worth Rs 20,530 crore in the month of March, led by thematic funds and on the back of robust SIP flows. The flows were higher by about 32%, compared with Rs 15,567 crore in the preceding month.Investors favoured thematic and sectoral funds in March as they invested Rs 3,928 crore in these schemes.
Economic Times

These 9 stocks touch their new 52-week high. Do you own any? - over 1 year ago
On Thursday, the Sensex ended flat gaining 38 points to reach the 60,431 mark. As a result of this minor upswing, five stocks from the BSE 500 index achieved new 52-week highs, which is a crucial technical indicator for several traders and investors. This indicator aids them in determining a stock's present value and anticipating its future price movements. The highest price at which a stock has been traded during the previous year is represented by the term "52-week high."
Economic Times