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Market Watch

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-30T14:01:30+05:30


If you are planning to invest in tax saving mutual funds or equity linked savings schemes to save taxes, you should remember the following points.
2023-03-30T11:53:39+05:30


SEBI also prescribed more disclosures around environment, social and governance (ESG) issues.
2023-03-30T09:28:46+05:30


The new timeline will come into force from July 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular.
2023-03-30T09:25:51+05:30


If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-29T17:06:24+05:30


ETMutualFunds considered equity and equity-oriented schemes such as large cap, small cap, multi-cap, flexi cap, mid cap, large & mid cap, aggressive hybrid, arbitrage fund, multi asset allocation, and dynamic asset allocation categories for the analysis.
2023-03-29T12:59:18+05:30


Sandeep Bagla, CEO of TRUST AMC, predicts that bond funds could perform well in 2024 due to increased yields and a potential decrease in inflation. He advises retail investors to turn to mutual funds rather than going direct to access equity markets as a fund manager has more resources to determine the long-term value of a company. Bagla believes that global diversification in 2023 could be better than in 2022 and suggests focusing on longer-term factors and values during periods of volatility.
2023-03-29T12:29:55+05:30


Three fixed maturity plans, two gilt funds, one dynamic asset allocation, ELSS, fund of fund, ETF, and index fund are currently open for subscription in the market.
2023-03-29T10:57:37+05:30


In addition to debt mutual fund schemes, there are several other categories that are treated as debt for taxation, which will lose indexation benefits.
2023-03-29T09:20:50+05:30


The markets regulator had earlier asked all the existing individual unite holders holding mutual fund units either solely or jointly to provide nomination by March 31, failing which the folios would be frozen for debits.
2023-03-29T08:54:33+05:30


"Overall, I do not see this as a big dampener for the entire debt category. Mutual funds provide liquidity, which is not available otherwise," said Devang Shah, co-head, fixed income at Axis Mutual Fund.
2023-03-28T15:56:17+05:30


The market may have been volatile and moved sideways over the last one year or so, but some SIP investments still made money for investors. Here are five equity mutual fund schemes that offered an impressive return to investors in the last one year.
2023-03-28T12:11:36+05:30


Many investors are considering investing in debt schemes to claim long term capital gains tax. Is it a wise move? Where should you invest?
2023-03-28T11:29:49+05:30


Nilesh Shah of Kotak AMC states that investments made before 31st March 2023 will continue to get the benefits of long-term capital gains and indexation. However, investors in the upper tax bracket will have to pay higher taxes. Shah believes that the AMC industry will have to focus more on financial education, as investors must be smart in understanding how they park their money. There are also many other potential options in the mutual fund industry, such as short-term bond funds, floating rate funds, and guilt funds.
2023-03-28T09:38:10+05:30


"The withdrawal of indexation of debt fund gains can be seen more as a concerted attempt to move away from tax arbitrage and create a level playing field. Hopefully, tax rates will also be reduced over time to adjust for inflation," Bank of Baroda chief economist Madan Sabnavis said.
2023-03-28T08:23:06+05:30


At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.
2023-03-28T06:08:47+05:30


"Demand for above three-year corporate bonds would be impacted, and we could see some steepening of the curve right from one-year to five-year point, and spreads with government bond yields could see 10 basis points of widening" said Raju Sharma, head fixed income at IDBI Mutual fund.
2023-03-27T15:38:01+05:30


Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions.
2023-03-27T11:15:08+05:30


The deadline for all the existing mutual fund folios, including jointly-held ones, is on March 31. Failure to do so will result in the folios frozen for debits.
2023-03-27T08:35:28+05:30


From April 1, capital gains arising from investments in debt mutual fund schemes will be added to taxable income and taxed in line with the income tax slab rate. The government made this unexpected change as part of amendments in the Finance Bill last week.
2023-03-27T06:36:31+05:30


We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-03-27T06:30:00+05:30


MNC funds invest in a diversified portfolio of multinational corporations, typically across different sectors, such as technology, healthcare, consumer goods and energy.
2023-03-27T06:30:00+05:30


There are various points to remember before the financial year ends, Here is a list of different areas one needs to check.
2023-03-27T06:30:00+05:30


"Fixed deposits will be at par with some debt schemes once the tax advantage is gone from a retail investor's perspective," said Ashish Shankar, MD and CEO, Motilal Oswal Private Wealth. "For HNIs and family offices, direct debt and structured debt will become more attractive."
2023-03-25T07:08:34+05:30


I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.
2023-03-24T13:58:22+05:30


Many anxious investors are calling their advisors to talk about the tax treatment of their debt mutual fund investments. Advisors have been telling investors that all investments made before March 31,2023 will continue to enjoy LTCG and Indexation benefits.
2023-03-24T12:17:49+05:30


Indexation helps investors to bring down taxes as it calculates the taxes after accounting for inflation. In a high inflation environment, indexation brings down the taxes significantly.
2023-03-24T09:35:53+05:30


The Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.
2023-03-24T08:11:38+05:30


Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.
2023-03-23T16:45:00+05:30


If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-23T15:37:37+05:30


ETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.
2023-03-23T11:10:38+05:30


By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.
2023-03-23T08:29:07+05:30


Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
2023-03-23T08:22:37+05:30


The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.
2023-03-22T23:38:58+05:30


The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.
2023-03-22T11:07:22+05:30


Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.
2023-03-22T10:09:46+05:30


Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.
2023-03-22T09:21:37+05:30


According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.
2023-03-22T08:59:58+05:30


"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.
2023-03-22T08:25:08+05:30


As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.
2023-03-21T13:04:04+05:30


Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
2023-03-21T12:53:48+05:30


Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.
2023-03-21T12:15:22+05:30


If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-21T10:32:04+05:30


For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.
2023-03-21T09:44:45+05:30


The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
2023-03-21T07:29:39+05:30


Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.
2023-03-20T15:46:26+05:30


Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?
2023-03-20T12:45:40+05:30


The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.
2023-03-20T06:30:00+05:30


This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.
2023-03-20T06:30:00+05:30


Investing consistently is more than important than timing the markets.
2023-03-20T06:30:00+05:30


For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.
2023-03-29T20:43:53+05:30


​​ The total customer count has increased to 89 with an outstanding order book of Rs 1190 crore at the end of November 2022, compared with 72 a year ago when it had an order book of Rs 918 crore. The company has net debt of Rs 304 crore in the first eight months of FY23, compared with Rs 250 crore in the year-ago period. The 6S market contributes 57% to the revenue while the balance is from India.
2023-03-29T17:33:36+05:30


The company develops pharma intermediates and works with pharmaceutical companies who seek USFDA compliant manufacturing facilities as a part of their supply chain.
2023-03-29T17:31:02+05:30


The company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed, the fresh issue size will be reduced.
2023-03-29T13:45:50+05:30


The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of shares worth ₹545 crore by promoters and existing shareholders. The company will use the proceeds from the fresh issue for debt payment, working capital requirements, and general corporate purposes.
2023-03-29T06:05:37+05:30


According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has risen in the past few days to around Rs 15 currently.
2023-03-28T16:40:21+05:30


“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
2023-03-28T15:15:47+05:30


The company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.
2023-03-28T14:18:24+05:30


According to market sources, the company's shares are being enquired for a premium of Rs 25-30 in the unlisted market. The company is yet to announce the price band for the IPO.
2023-03-28T12:08:29+05:30


Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30


In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30


Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.
2023-03-27T12:06:07+05:30


The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.
2023-03-26T13:46:30+05:30


Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63
2023-03-26T11:08:07+05:30


The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).
2023-03-25T14:54:07+05:30


Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30


"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30


About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30


According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30


The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30


“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,” Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30


According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30


IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30


Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30


According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30


According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30


The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30


The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30


DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30


About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30


Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30


In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30


Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30


It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30


According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30


The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30


Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30


The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30


The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30


The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30


Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30


The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30


Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30


The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30


2023-03-10T18:28:43+05:30


The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30


Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30


The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30


The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30


Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30

Welcome to Grow More India
Grow More Investment cares for your financial Services. We have a wide range for investment such as Mutual Funds, Life Innsurance, General Insurance, Government Bonds, Debentures, Company Deposits, PMS, etc.
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Following this, IL&FS submitted the fit and proper declarations for financial years 2022, 2021, 2020 and 2019 to MSEI and also paid the settlement amount Rs 13.65 lakh. Accordingly, it settled the case with Sebi.
2023-03-30T16:55:07+05:30


2023-03-30T16:50:54+05:30


U.S. stock index futures rose on Thursday as easing fears of a banking crisis shifted the focus back to key consumer spending data due later in the week that could shape expectations for the Federal Reserve's future policy path. At 5:03 a.m. ET, Dow e-minis were up 145 points, or 0.44%, S&P 500 e-minis were up 15.75 points, or 0.39%, and Nasdaq 100 e-minis were up 32.5 points, or 0.25%.
2023-03-30T16:25:27+05:30


The high optimism growth stocks include Avenue Supermart, Siemens, Pidilite Industries, Nestle India, Page Industries, Tata Consumer Products, Hindustan Unilever, Britannia Industries, Thermax and Kotak Mahindra Bank.
2023-03-30T15:55:43+05:30


Ruchit Jain, Lead Research, 5paisa.com says the market will pick up directional moves in such a direction in the April series. 17,200 would be the crucial resistance that we would watch out for. Once we get a breakout above 17,200, it would be clear that the April series would turn out to be a positive one.
2023-03-30T15:41:38+05:30


Morgan Stanley has reduced active risk to zero from (-)50 bps, earlier. The overall score stands at 22, according to this report. Chile is another country which has been given an Equal-weight rating by Morgan Stanley.
2023-03-30T15:37:58+05:30


According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.
2023-03-30T15:30:39+05:30


A drop in Germany's North Rhine-Westphalia inflation to 6.9% in March from 8.5% a month ago also helped European equities. The federal statistics office will publish a flash estimate for nationwide inflation at 1200 GMT.
2023-03-30T15:20:57+05:30


Stock of India's second-largest credit card issuer could see 23% CAGR in card spends over FY23-26E, Jefferies said, adding that the company will leverage SBI's large customer base and its wide co-branded card tie-ups.
2023-03-30T15:07:42+05:30


“One will have to wait for the fine prints of the amendment, to see how SEBI introduces the quantitative thresholds for determining ‘materiality’ of events / information,” he further said.
2023-03-30T14:59:12+05:30


2023-03-30T14:28:06+05:30


While the purpose of the amendment was to ensure information symmetry, it might fuel more speculations in the market. This would further create greater debates in the corporates of confirming or denying any strategic decision at a nascent stage.
2023-03-30T14:14:17+05:30


The future looks bright for both PMS and MF because financialisation of the savings has already started. Equity as a culture is improving and as the per capita income, affordability, and awareness increases for PMS, the size is going to probably become 2x, 3x, 4x, 5x, 10x over a period of time, says Rajesh Kothari, Managing Director, AlfAccurate Advisors Pvt Ltd.
2023-03-30T13:53:53+05:30


2023-03-30T13:40:30+05:30


In stock markets, we can pay a small premium and protect ourselves from losses in our portfolio, and hence options are also called as insurance of stocks. Since market moves both up and down, we need to have insurance for both Bulls and Bears and hence we have 2 types of Options.
2023-03-30T13:16:08+05:30


Shares of companies will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.
2023-03-30T13:13:34+05:30


According to people in the know, her holding as the promoter comes down to 32% from 39% while Japan's Gojo has its stake reduced to 19% from 39%. C4D's stake is reduced to 9% from 13% while Sabre Partners AIF Trust's current holding is 3%. The balance is held by other minority shareholders.
2023-03-30T13:06:53+05:30


Individuals who possess a willingness to assume a moderate amount of risk may opt to invest in top-tier corporate bonds, while those who prefer to err on the side of caution may find solace in government bonds. As interest rates continue to climb, purchasing bonds with shorter durations may serve as a safeguard against fluctuations in pricing.
2023-03-30T12:35:55+05:30


Keep in mind that a decade ago the world’s finest bubbly accounted for a mere 2% of secondary market trades on Liv-Ex. That share climbed to make it the third most-traded region behind Bordeaux and Burgundy (at 18.7%) in Nov. 2022, and remained in third position until US wines spiked during the week of March 17-23.
2023-03-30T12:34:29+05:30


Last week, the Fed and its allies effectively bailed out the depositors of SVB. As part of this bailout, the Fed had to increase its balance sheet by 300 billion dollars. The Fed printed 300 billion new dollars, given that Bitcoin was built in response to the 2008 bank bailouts. BTC's price went parabolic in response to the SVB bailout.
2023-03-30T12:33:58+05:30


Meanwhile, slowing down the trend of internet companies hitting the markets, only one new-age tech startup Delhivery made its debut this fiscal. Paytm, Nykaa, Zomato and Policybaazar were some of the marquee tech companies that entered the public markets in FY22.
2023-03-30T12:11:53+05:30


The multibagger stock has risen from being a penny stock available at just Rs 10.20 in April 2003 to over Rs 600 currently. In the last five years, the shares have surged 522% and the same jumped nearly 830% in the last three years.
2023-03-30T11:35:24+05:30


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2023-03-30T11:00:34+05:30


The Nuvama Asset Management Head of Equities says they are very positive about the whole premiumisation theme within the country. What happened recently with the DLF launch is a prime example. Within three days, they sold inventory worth almost Rs 8,000 crore. They had planned to launch around 2 million square feet but eventually launched 4 million square feet and got a stupendous response. The premiumisation trend is likely to pan out over the next 2-3 years.
2023-03-30T10:57:45+05:30


PMS are managed accounts and clients have a greater involvement, points out Anshul Saigal, CIO of Kotak PMS. When the markets are doing well, the PMSs start buying and push the markets up. And when markets are iffy. PMSs sell. Having said that, Plus the DIIs are sitting at on cash that is nearly a decadal high. FII short positions are, even higher than June of last year.
2023-03-30T10:49:21+05:30


According to Rahul Shah, VP-Equity Advisory, MOFSL, we are not in a bear market but good corrections in a lot of stocks and lack of interest from the investor’s side has led to stocks tumbling down. The HNIs and the retailers usually show a lot of interest in smallcap and midcap stocks. But due to a lot of global factors, they have postponed their investment at this juncture. In select baskets, this would be a good opportunity to get into all smallcaps and midcaps.
2023-03-30T10:45:13+05:30


Improvement in capacity utilization is likely to support price hikes in the near term. Cement players have attempted price hikes in Feb-Mar’23; however, a significant portion of the hikes was reversed by offering discounts, incentives, and price cuts
2023-03-30T10:21:53+05:30


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2023-03-30T10:05:08+05:30


These are HUL, ICICI Bank, ITC, L&T, Britannia Industries, Mahindra & Mahindra, NTPC, UltraTech Cement, Coal India, Eicher Motors, and IndusInd Bank.For markets, FY23 began on a tough note as Russia’s invasion of Ukraine pushed commodity prices higher, resulting in an unprecedented rise in inflation in world economies, including India
2023-03-30T09:31:01+05:30


A Goldman Sachs Group Inc. basket of companies with weak balance sheets advanced for a fourth straight session, extending its gain this week to 3.3%. That compared with a weekly return of about 1% for a Goldman basket of companies with sturdy finances
2023-03-30T09:17:39+05:30


Crude inventories fell by 7.5 million barrels in the week to March 24 to 473.7 million barrels, compared with analysts' expectations in a Reuters poll for a 100,000-barrel rise. Mean while, reports about Russian crude production falling by around 300,000 barrels a day in the first three weeks of March, less than the targeted cuts of 500,000 bpd, and strength in the U.S. dollar, erased oil price gains
2023-03-30T08:59:36+05:30


Gold prices retreated slightly on Thursday as the US dollar strengthened, reducing interest in safe-haven assets. Spot gold declined 0.2% to $1,960.68 per ounce while US gold futures were down 0.3% at $1,962.10. Investors are eagerly awaiting the latest US Personal Consumption Expenditures data, the Federal Reserve's preferred inflation measure, on Friday to gain further indications of the bank's monetary policy
2023-03-30T08:52:45+05:30


Asian stocks rose on the back of easing banking fears and Alibaba's plan to break up its conglomerate structure, offering hope that the regulatory storm around Chinese tech firms may be dissipating. MSCI's Asia-Pacific shares index rose for a third straight day, up 0.3%, while Australia's stocks rose by 1%.
2023-03-30T08:46:21+05:30


Mahindra Lifespace Developers' shares declined nearly 6% last market after its CEO and MD, Arvind Subramanian, announced his resignation. Broking firm Angel One shares fell for three trading sessions after its chief executive, Narayan Gangadhar, resigned from the post on February 17. According to analysts, an unexpected exit by a CEO has mostly impacted stock prices in the near-term as the move is seen to be disruptive for companies' growth plans.
2023-03-30T08:42:34+05:30


According to analysts, the market recovery in the last half an hour of Wednesday's trade and the Nifty closing above 17,000-level has raised hopes of a short-term bounce. "A relief rally can commence if the Nifty surpasses 17,200," said Viraj Vyas, derivatives and technical analyst, institutional equities, Ashika Group. "But, the market remains a 'sell on rise' until it sustains above 17,600 levels."
2023-03-30T08:37:23+05:30


Asian markets were mixed on Thursday as investors weighed US interest rates against the backdrop of recent turmoil in the financial sector. Markets have largely been reassured by comments from officials suggesting the fallout from the collapse of US regional banks and from Credit Suisse's troubles was contained
2023-03-30T08:36:47+05:30


NPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.
2023-03-30T08:36:21+05:30


Adani Group's market capitalisation surged by ₹20,205 crore on Wednesday to ₹9.09 lakh crore after falling by ₹49,400 crore the previous day. In the past week, these stocks have weakened again, possibly due to negative news flow. The group's clarification late last night to stock exchange was in response to a report by The Ken earlier in the day which raised questions on whether the conglomerate's promoters had repaid its loans against the shares they had pledged.
2023-03-30T08:28:05+05:30


Azure received an extension from the NYSE until mid-July to submit an audited report for FY22, averting a possible stock delisting.
2023-03-30T08:26:55+05:30


At the Sebi board meeting, chairperson Madhabi Puri Buch declined to comment on its investigation into the Hindenburg Research report on the Adani Group. "We never comment on entity-specific matters and on top of that the matter is before the Supreme Court and we never comment on sub-judice matters," Buch said at a press conference after the board meeting.
2023-03-30T08:07:17+05:30


The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Quess Corp.Aditya Birla Sun Life Mutual Fund sold 11,36,091 shares or 0.8% stake at Rs 383.79 a share.
2023-03-29T22:34:35+05:30


Among the measures the market watchdog extended the MII [Market Infrastructure Institution] administered conciliation and arbitration mechanism to registered intermediaries / regulated entities and their investors / clients. It also allowed conducting proceedings in a hybrid mode along with streamlining the dispute resolution process and adoption of other measures to strengthen enforcement of awards
2023-03-29T22:05:47+05:30


2023-03-29T22:00:00+05:30


Changes were made in rules governing certification requirements for key employees of Investment Manager, transactions with associates, and option to sell unliquidated investments to a new scheme of the AIF.
2023-03-29T21:30:11+05:30


2023-03-29T21:14:40+05:30


Regulator is introducing a quantitative threshold for determining ‘materiality’ of events or information
2023-03-29T20:55:55+05:30


For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.
2023-03-29T20:43:53+05:30


The AMCs will also be required to make enhanced disclosures on voting decisions with specific focus on environmental, social and governance factors along with disclosures of fund manager commentary and case studies, which highlight how the ESG strategy is applied.
2023-03-29T20:32:44+05:30


The idea is to ensure private players are not crowded out of the bond market at a time when private capital expenditure is expected to gradually gain traction and credit growth has picked up pace, said the official.
2023-03-29T20:03:11+05:30


2023-03-29T19:48:01+05:30

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