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Edelweiss Mutual Fund launches short duration index fund

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30

Will these mutual funds help me to retire at 45?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30

ITI Mutual Fund launches ITI Flexi Cap Fund

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30

Why investors should add flexi cap funds to their portfolio

This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30

DLSS in Budget 2023? Should you invest in DLSS or ELSS?

Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30

Right mutual funds for a 51-year-old investor

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30

28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years

The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30

Will Budget 2023 bring in tax parity between mutual funds and ULIPs?

Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30

Should you invest in Equity Savings Funds?

Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30

HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore

As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30

Manish Gunwani appointed as Head-equities at IDFC Mutual Fund

Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30

3 ways to reduce financial anxiety in 2023

Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30

Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers

According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30

Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30

Budget 2023 should bring tax parity between mutual funds and NPS

To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30

IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO

The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30

Gold ETF Inflow Slumps in 2022 on Rising Prices

"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30

Gold and silver funds offer double-digit returns. Should you invest?

There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30

Fund review: PGIM India Midcap Opportunities Fund

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30

The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?

A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30

Insurers want NPS tax exemption for their pension schemes, too

"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30

Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan

Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30

10 new mutual fund offers or NFOs currently open. Should you invest?

Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30

Small cap index schemes with low tracking error, expense ratio

There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30

Fed to deliver two 25-basis-point hikes in Q1, followed by long pause

In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30

Best mutual funds to build retirement corpus

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30

Will debt mutual fund investors get better returns in 2023?

Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30

Multi asset allocation funds attract large inflows. Are they worth your money?

Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?
2023-01-19T09:53:02+05:30

Best medium duration mutual funds to invest in 2023

As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.
2023-01-19T09:07:10+05:30

Fed policymakers call for further rate hikes to beat inflation

The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.
2023-01-19T07:59:03+05:30

Best medium to long duration funds to invest in 2023

Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.
2023-01-18T14:19:56+05:30

Will these mutual funds help me to make Rs 1 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-18T12:26:13+05:30

International funds offer 16.49% in three months. What should be your strategy?

Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.
2023-01-18T11:30:10+05:30

"International funds offer attractive diversification opportunities," says Anil Ghelani of DSP Mutual Fund

Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.
2023-01-18T10:25:56+05:30

How does an actively managed scheme differ from passive scheme?

The active versus passive debate is raging in mutual fund circles. Here is a primer on how an actively managed scheme works and how it differs from a passive scheme.
2023-01-18T08:47:57+05:30

WhiteOak Capital Mutual Fund launches Balanced Advantage Fund

According to the press release, the fund house’s proprietary model will provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market.
2023-01-17T14:05:19+05:30

Mid cap index schemes with low tracking error, expense ratio

There are 11 index schemes in the mid cap mutual fund category, according to Ace Mutual Fund database. These schemes are benchmarked against Nifty Midcap 150 - TRI, Nifty Midcap 50 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI.
2023-01-17T11:29:46+05:30

Baroda BNP Paribas Mutual Fund launches NIFTY SDL December 2026 Index Fund

The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The maturity of the scheme will be December 31, 2026.
2023-01-17T10:30:03+05:30

Asset allocation is key in 2023, says Chirag Mehta of Quantum Mutual Fund

We are optimistic on Autos, not only from a valuation perspective but from a growth perspective also. Apart from autos, banking is expected to do well as credit growth is picking up. Third sector that is a value buy is IT.
2023-01-17T10:11:41+05:30

DSP’s Aparna Karnik on what it means to invest in a quant fund

“Financials is the largest sector in our portfolio because we anchored the fund weights around the index weights to the extent possible. So the top five sectors in the fund will also be the top five sectors in the index. We are focussed on quality as the core anchor of the stock selection and these type of stocks tend to be less vulnerable to economic cycles.”
2023-01-17T09:51:47+05:30

SIP collection jumps 31% to Rs 1.5 lakh cr in 2022 on higher retail participation

The SIP book has grown consistently from Rs 11,305 crore in December 2021 to an all-time high of Rs 13,573 crore in December 2022. This was also the third time in a row, when monthly SIP contributions touched over Rs 13,000-crore.
2023-01-17T08:48:28+05:30

Alpha Alternatives Fund Advisors seeks Mutual Fund licence, files application with Sebi

According to the latest update with the Securities and Exchange Board of India (Sebi), Alpha Alternatives filed its applications with the regulator on November 8, 2022.
2023-01-17T08:32:48+05:30

Top large cap index schemes with low tracking error, expense ratio

There are 54 index schemes in the large cap mutual fund category.These schemes are benchmarked against Nifty50, S&P BSE Sensex, Nifty50 Equal weight Index, Nifty100 Low Volatility30 Index Fund, Nifty100, Nifty100 Equal Weight Index, Nifty Next50 Index, among others.
2023-01-16T13:34:54+05:30

Tata Mutual Fund launches Tata Multicap Fund

The New Fund Offer (NFO) opens for subscription on January 16 and closes on January 30. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.
2023-01-16T10:07:01+05:30

4 themes this midcap fund manager is betting on in first half of the year

“We should be prepared for a reasonably volatile first half followed by rebound or a positive back half of the year. In the volatile first half, one should invest in tranches and there are four or five themes that I would be bullish on investing in from a 3-year perspective.”
2023-01-16T09:09:47+05:30

HDFC Taxsaver Fund: Fund review

The fund has seen a sharp shift towards outperformance in past two years, aided by the market tilt towards value stocks. It remains to be seen if the fund can sustain improvement in return profile over the long run.
2023-01-16T06:30:00+05:30

Active vs passive mutual funds: Where should you invest?

Persistent lag in several actively managed funds cannot be ignored. Focus on investing principles before pursuing either path.
2023-01-16T06:30:00+05:30

BSE StAR MF accounts for 76 pc of net equity inflow, 50% of new SIP in December

BSE Star MF has also processed 37.75 lakh transactions on December 12, 2022, surpassing its previous best single-day record of 34.29 lakh transactions on October 10, 2022.
2023-01-14T09:29:48+05:30

Best gilt mutual funds to invest in 2023

As per Sebi norms, these schemes must invest 80% of their corpus in government securities. Since these schemes invest in government papers or they lend to the government, they don’t have any credit risk or they face zero defaults.
2023-01-13T11:51:07+05:30

Debt Mutual Funds log Rs 2.3 lakh crore outflow in 2022 on rate hike cycle

Morningstar India's Krishnan also said that concerns around rising inflation, a rising interest rate cycle, and the falling rupee have all likely led to a diminishing investor interest across debt fund categories.
2023-01-13T10:37:24+05:30
US stocks open lower on Intel warning, inflation data limits fall

The S&P 500 opened lower by 6.71 points, or 0.17%, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36%, to 11,470.47 at the opening bell.
2023-01-27T20:16:02+05:30

Bajaj Finance Q3 profit jumps 40% YoY to Rs 2,973 crore

The consolidated results include the earnings of its wholly owned subsidiaries -- Bajaj Housing Finance, Bajaj Financial Securities, and its associate company Snapwork Technologies.The asset quality of the non-banking finance company improved with gross non-performing assets falling to 1.14% at the end of December against 1.73% a year back. Net NPA was at 0.41% against 0.78%.
2023-01-27T20:12:42+05:30

Sebi bans 24 entities from securities mkt for 3 yrs in Sulabh Engineers matter

Accordingly, Sebi has barred the entities "from accessing the securities market for a period of three years ... and are also prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for the same period"
2023-01-27T20:06:55+05:30

US GDP rose 2.9% in Q4 after a year of high inflation, Will Fed pause now?

2023-01-27T20:00:18+05:30

Equity mutual fund to shift to T+2 settlement cycle from Feb 1

From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30

These 5 IT stocks touched new 52-week low on Friday

2023-01-27T19:39:05+05:30

Zerodha to improve liquidity in auction markets: Nithin Kamath

To settle short-delivered trades, exchanges conduct a 30-minute auction from 2 PM on T+1 (used to be T+2). If the short-delivered stock is a mid or small-cap stock, then the price can trade as much as 20% away from the current market price due to low participation in auctions
2023-01-27T19:36:49+05:30

Market Watch: FIIs sell Indian stocks worth nearly Rs 6,000 crore

2023-01-27T19:36:42+05:30

Hindenburg impact: Adani Enterprises FPO subscribed just 1% on Day 1

The company received total bids of 4,70,160 shares against the issue size of 4,55,06,791 shares. The portion reserved for retail investors got bids for 3,99,880 shares against 2,29,08,464 shares on offer.
2023-01-27T18:24:14+05:30

LIC doubles down on Adani amid short seller row

State-controlled Life Insurance Corp. of India is spending about 3 billion rupees ($37 million) as an anchor investor in a $2.5 billion new share sale by Adani Enterprises Ltd., according to a filing. The investment would add to its current holding of 4.23%.
2023-01-27T18:14:19+05:30

Who is behind Hindenburg, the company that is shorting Adani?

Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, Hindenburg says it looks for "man-made disasters," such as accounting irregularities, mismanagement and undisclosed related-party transactions. The company invests its own capital
2023-01-27T17:58:18+05:30

Gold falls Rs 70; silver jumps Rs 451

Gold prices fell due to a strong US economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Fed officials are expecting the rates to be above 5 per cent by the end of this year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said
2023-01-27T17:52:42+05:30

Tech View: Nifty forms long bear candle to break key support level. What traders should do next week

Technically, any pullback rally from here could encounter strong overhead resistance of around 17,750 levels, as per the concept of change in polarity and that could be a sell-on-rise opportunity for the coming sessions. Weakness is likely to continue for the next 1-2 sessions
2023-01-27T17:45:44+05:30

Gainers and Losers: Adani Group companies, Bajaj Auto among top stocks in limelight today

Equity benchmarks Sensex and Nifty plunged over 1 per cent for a second straight session on Friday dragged down by heavy selling in banking, financials, and oil stocks amid foreign fund outflows. >> For more such web stories click on the ET icon below
2023-01-27T17:31:02+05:30

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 874.16 points at 59330.9
2023-01-27T17:28:22+05:30

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex closed down 874.16 points at 59330.9
2023-01-27T17:23:09+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 287.6 points down at 17604.35
2023-01-27T17:17:56+05:30

Hoping to see 35% rise in public sector capex; tax rationalisation in Budget: Sanjiv Bajaj

"We need revenue augmentation and divestments will help us to get those additional revenues. I know that during elections, things can be a little bit more sensitive but this government has been very strong and confident in how it acts and that is why we continue to see the momentum in these areas."
2023-01-27T17:11:59+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Touchwood Entertainm, Advitiya Trade India, Jindal Saw, Bombay Super Hybrid and Gretex Industries, hit their fresh 52-week highs during the day.
2023-01-27T17:07:39+05:30

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex closed down 874.16 points at 59330.9
2023-01-27T16:57:15+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 287.6 points down at 17604.35
2023-01-27T16:52:01+05:30

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex closed down 874.16 points at 59330.9
2023-01-27T16:46:49+05:30

Vedanta Q3 Results: Profit tanks 42% YoY to Rs 3,092 crore; dividend declared at Rs 12.5/share

The company's operating revenue stood at Rs 33,691 crores for the quarter ended December 2022 against Rs 33,697 crores reported in the quarter ended December 2021.
2023-01-27T16:45:57+05:30

Sensex falls! These stocks fell 5% or more in Friday's session

In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.
2023-01-27T16:41:36+05:30

Dr Reddy’s Laboratories beats Street estimates in Q3. Should you buy or sell this stock?

Dr Reddy's Laboratories on Wednesday reported a 77% on-year jump in December quarter profit after tax at Rs 1,247 crore. Its revenue jumped 27% YoY to Rs 6,770 crore
2023-01-27T16:41:12+05:30

Stock market update: Nifty Realty index falls 1.26%

The Nifty Realty index closed 1.26 per cent down at 407.55.
2023-01-27T16:36:24+05:30

Indian markets achieve complete transition to T+1 settlement cycle

The stock exchanges, NSE and BSE, earlier in a joint statement, announced that they would implement the T+1 settlement cycle in a phased manner, starting February 25, 2022, with the bottom 100 stocks in terms of market value
2023-01-27T16:34:49+05:30

A good balance between value and growth will work for next 2-3 years: Rahul Singh

“The move from consumption-driven economy towards investment cycle driven economy and also from a very long period of a market where valuations stopped mattering, we are going into a market where valuations will matter or have started. These two trends together is what we are keeping in mind when we look at our portfolio allocations.”
2023-01-27T16:28:41+05:30

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 874.16 points at 59330.9
2023-01-27T16:26:06+05:30

Stock market update: Nifty Pharma index advances 0.55%

The Nifty Pharma index closed 0.55 per cent up at 12508.05.
2023-01-27T16:20:53+05:30

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Adani Ent., Adani Ports SEZ, SBI, ICICI Bank and IndusInd Bank were among the top losers on NSE in today's trade.
2023-01-27T16:15:41+05:30

Bajaj Finance Q3 Results: Profit rises 40% YoY to Rs 2,973 crore, beats estimates

New loans booked during the quarter were the highest ever at 7.84 million, the company said. The total assets under management (AUM) as of December 31 stood at Rs 2.31 lakh crore, 27% higher than the year-ago period.
2023-01-27T16:12:45+05:30

Sensex crashes over 850 points on Adani rout; Nifty below 17,650; PSU stocks bleed

2023-01-27T16:11:02+05:30

Pakistani rupee's fall slows as hopes rise for IMF money

Hours after the rupee was left to the market forces to decide its worth, the IMF announced that its delegation will be visiting Pakistan from Jan 31 to Feb 9 to discuss its 9th review of a bailout package agreed for $6 billion in 2019, and topped up to $7 billion last year.
2023-01-27T16:09:37+05:30

Stock market update: Nifty IT index falls 0.92%

The Nifty IT index closed 0.92 per cent down at 29766.45.
2023-01-27T16:05:24+05:30

Stock market update: Nifty Auto index advances 1.02%

The Nifty Auto index closed 1.02 per cent up at 13089.7.
2023-01-27T16:00:11+05:30

NTPC, Bharat Electronics: Key earnings to track on Saturday

Public sector undertaking firm NTPC is among a range of domestic companies that will announce earnings on Saturday. Here are some of the key corporate earnings to watch out for.
2023-01-27T15:57:08+05:30

Too early to call for bottom as market to go below June lows; save cash: Jai Bala

“The trend is firmly down and the nearest important level for me is 17,428 on the Nifty spot. So, if the market sprints to 17,428 not even a close just a print, it will confirm and extinguish all remaining hopes for the bulls that the market is headed for below the June 2022 low.”
2023-01-27T15:54:04+05:30

Pakistani rupee sees highest 1-day fall in 20 years

On Thursday, the Pakistani rupee fell 9.6% against the dollar in the inter-bank market, the biggest one-day drop in over two decades, a day after foreign exchange companies removed a cap on the exchange rate.
2023-01-27T15:52:33+05:30

FIIs, MFs are slashing stakes in these 6 stocks since 3 quarters

ETMarkets.com analysed stocks where big institutional investors -- FIIs and MFs -- reduced their stakes in the last three quarters of the current fiscal (FY23). >> For more such web stories click on the ET icon below.
2023-01-27T15:51:57+05:30

Rupee ends week lower on likely RBI intervention, importer hedging

The RBI's suspected intervention prompted short speculative dollar positions to exit and importers to step up hedges for near maturities, a trader at a private sector bank said.
2023-01-27T15:45:35+05:30

ACC, Ambuja Cements hit multi-month lows as Adani Group ditched on governance concerns

Shares of Adani Transmission, Adani Green Energy, and Adani Total Gas were locked in the 20% lower circuit. Adani Ports and Special Economic Zone hit a 2-year low, and Adani Enterprises a 5-month low. Describing Hindenburg's 32,000-word report as maliciously mischievous and unresearched, Adani Group threatened to take punitive action against the firm in both US and Indian courts.
2023-01-27T15:44:46+05:30

Multibagger stock tumbles over 20% after disappointing Q3 results

"Revenue growth has been below expectation as consumer electronics, lighting and mobile phones key verticals for the company has seen steep decline. We however upgrade the stock to Neutral as the stock has already corrected sharply and strong growth momentum is expected to resume. We roll forward our valuation multiple
2023-01-27T15:41:06+05:30

Derivatives are weapons of mass destruction which are being used against the Adani group: Deven Choksey

“People are not sure whether tomorrow any other big name would get attacked because of whatever the instrument just created outside the purview of the market and the regulator also might be clueless. They are not getting the clarity as to how to plug this kind of attack which comes on to the market and creates this kind of panic or nervousness.”
2023-01-27T15:37:24+05:30

Hindenburg ambush! How a 106-page report dragged Gautam Adani's wealth below $100 billion

In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world's richest billionaires.
2023-01-27T15:30:53+05:30

Adani contagion fear hits bank stocks, major life insurer

The NSE Bank Nifty Index dropped as much as 3.5%, extending declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners, falling at least 5% each. LIC’s shares extended their drop to 4.3% intraday before paring some losses.
2023-01-27T15:24:55+05:30

What Patanjali Food’s Sanjeev Asthana is expecting from the Budget

“There was a dip in the rural demand and post the harvest, the high commodity prices and due to the wedding season overall, there was a good uptick in the rural demand in this quarter. I am anticipating that at the back of pretty much similar reasons, we should see the demand momentum continuing to go forward but the growth rate is slightly tempered.”
2023-01-27T15:15:08+05:30

India's Adani dollar bonds hit lowest since November

The short seller report has cast doubts on how investors will respond to the company's record $2.45 billion secondary sale.
2023-01-27T15:10:57+05:30

Silver lining in mayhem! Kotak Equities upgrades Adani Ports to ‘buy’

Adani Ports is also a keen contender for acquiring the government’s stake in Container Corp, given its growth ambitions in logistics, adjacent ports offerings, and large balance sheet and benign leverage.
2023-01-27T15:08:47+05:30

Buy TeamLease Services, target price Rs 2830: HDFC Securities

TeamLease Services, incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4139.38 Crore) operating in Services sector.
2023-01-27T15:00:18+05:30
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