May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more
New High! During Friday’s trading session, the Sensex benchmark index gained around 72 points, concluding the day at 64,905. Remarkably, despite an overall market decline, six stocks within the BSE PSU index reached their highest prices in the last 52 weeks. Traders and investors widely acknowledge the significance of the 52-week high, considering it a … Read more
With Samvat 2079 drawing to a close, a glimpse into the journey of Dalal Street investors shows a year marked by major ups and downs, but India stood strong against the global mayhem and managed to give a Diwali dhamaka! The journey since last Diwali began with benchmark indices hitting lifetime highs in December 2022, … Read more
Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … Read more
In the last three years, India’s defence sector has gone through unprecedented changes due to the government’s ambition to become self-reliant in this space, particularly after the Ukraine-Russia war. As a result of this, not only have the companies catering to the sector seen an order book boom, but even their share prices. In FY23, … Read more
While there is a lot of hullabaloo around the incumbent government’s proposal to rechristen India as “Bharat”, the reaction is quite the opposite on Dalal Street. Not just today, but since the last 1-2 years, both foreign and domestic investors are increasingly betting on the domestic growth story and the potential that India holds to … Read more
Mutual funds have been consistent buyers of Indian shares even when foreign institutional investors were sitting on the fence until the early part of 2023. This has paid off well as some of the favourite stocks of mutual funds have seen significant appreciation in prices, with some even turning into multibaggers within a year, data … Read more
Franklin Templeton Asset Management sold 0.1% of its holding in LIC last month, while Union Mutual Fund exited the company by selling all its holdings. One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts. Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail … Read more
Equity markets had a positive start to the week, but the sentiments were dampened after the central bank left the key rates unchanged, opting for a more cautious stance on inflation. During the week as many as 75 smallcap stocks delivered double-digit weekly returns with four of them rallying over 25%. Greenlam Industries was the … Read more