Mumbai: India‘s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India‘s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more
Shares of multibagger HDFC Asset Management Company (AMC) have been downgraded by Kotak Institutional Equities despite growth tailwinds remaining the strongest. The company’s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock’s fair value to Rs 3,750, a 1.5% climbdown from Tuesday’s … Read more
Here’s a list of companies where promoters have offloaded stakes in the past month. (Source: ET NOW) Source link
As a pivotal year for India’s bond market gets underway, its top money managers are debating the best way to position for inflows that may hit $40 billion, according to some estimates. Aditya Birla Sun Life Asset Management prefers government bonds with maturities of seven to 14 years, while Bandhan Asset favors securities that have … Read more
Amid a relative slowdown in developed markets, the Indian economy is on a firm footing for establishing itself as a global growth engine, attracting investors with its promising growth story. India’s allure as an emerging market has led to a surge in foreign portfolio investments (FPI), with more than $10 billion flowing into the equity … Read more
There are a host of corporate actions scheduled for this week. L&T, Crisil, Coforge, Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma‘s rights issue’s ex-date is fixed this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is … Read more