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Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

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Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more

Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle

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Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more

Navigating Union Budget impact: Opportunities amidst overheated market

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Navigating Union Budget impact: Opportunities amidst overheated market

This year’s Budget, set against the backdrop of a coalition government and the Modi administration’s reduced majority, promises to be particularly impactful. Here’s an in-depth look at which industries might gain or lose from the upcoming budget, along with practical advice for investors. Coalition Government’s Influence on the Budget The nature of coalition politics often … Read more

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

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Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Indian markets opened at record highs but experienced some correction due to a lack of sustained buying on Tuesday. In today’s trade, shares of YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc due to various developments. DMartAvenue Supermarts, which operates DMart stores, reported a standalone revenue of Rs 13,712 crore for the quarter ended June … Read more

HDFC Bank’s system upgrade: Key update on services availability on July 13

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HDFC Bank’s system upgrade: Key update on services availability on July 13

Private lender HDFC Bank has declared that on July 13, the second Saturday of this month, there will be a scheduled system upgrade to update its core banking system (CBS) and improve customer experience. Following the upgrade, the bank will move the CBS to a new platform. The system upgrade is scheduled to begin on July … Read more

Rates on fresh loans and deposit moderate sequentially in May

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Rates on fresh loans and deposit moderate sequentially in May

Weighted average lending rates on fresh loans and deposits fell marginally by 16bps and one bps ( one basis point is 0.01 percent) respectively in May according to the latest data released by the Reserve Bank of India. The weighted average lending rate (WALR) on fresh rupee loans of commercial banks stood at 9.39 per … Read more

Truecaller partners with HDFC ERGO to combat digital fraud in India with ‘Fraud Insurance’; how it works

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Truecaller partners with HDFC ERGO to combat digital fraud in India with ‘Fraud Insurance’; how it works

Truecaller has partnered with HDFC ERGO, a general insurance company, to launch Fraud Insurance. With this partnership they aim to empower users with enhanced protection against the rising threat of digital communication frauds. The Fraud Insurance offers a coverage of up to Rs 10,000 for both Android and iOS users across India. This offering is … Read more

Party Continues: Sensex, Nifty hit new highs; RIL and Bharti Airtel lead the dance

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Party Continues: Sensex, Nifty hit new highs; RIL and Bharti Airtel lead the dance

Mumbai: The Nifty and Sensex extended their winning streak to a second day of fresh all-time highs on Wednesday, led by investor appetite for bluechips such as Reliance Industries and Bharti Airtel. Market experts are bullish in their sentiment and see the Nifty crossing 24,000 levels in the near term. NSE’s Nifty rose 147.5 points, … Read more

Tech View: Nifty likely to trade in a range

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Tech View: Nifty likely to trade in a range

Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more