Mutual fund managers adopted a relatively cautious approach in November, with the benchmark indices touching all-time highs, while the broader market struggled to keep pace with the blue chips. Agencies Private banks and NBFCs were among the top sector picks of the largest fund houses as they expect these to benefit from improving liquidity conditions. … Read more
The combined market valuation of eight of the top-10 most valued domestic firms eroded by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the biggest hit, amid a largely bearish trend in equities. Last week, the BSE benchmark index declined by 444.71 points or 0.51 percent. From the top-10 pack, Reliance … Read more
ICICI Prudential AMC, India’s largest active mutual fund house, will open its Rs 10,602 crore IPO for subscription on December 12. The offer, which closes on December 16, is a pure offer for sale by UK-based partner Prudential Corp. No fresh shares are being issued, and the listing will not dilute existing equity. The price … Read more
The top 100 wealth creators delivered a 38% CAGR over five years, far above the Sensex’s 21% CAGR. Motilal Oswal said this period marks the fastest wealth-creation phase in the study’s 30-year history. Airtel and ICICI Bank emerge as the biggest winners Bharti Airtel has topped the list as the biggest wealth creator, adding Rs … Read more
Mumbai: The ₹10,600 crore initial public offering (IPO) of ICICI Prudential Asset Management Company will open on December 12 and close on December 16. The price band for the issue has been set at ₹2,061-2,165 per share. The IPO pricing values the country’s second mutual fund with assets under management of ₹10.87 lakh crore at … Read more
The combined market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, … Read more
Indian equity markets have spent nearly 18 months moving sideways, and according to Ashi Anand, Founder & CEO of IME Capital, this consolidation phase has been shaped by a mix of headwinds—weak growth, elevated interest rates, and geopolitical uncertainty. But the narrative is gradually improving. Anand notes that over the past 3–5 months, growth indicators … Read more
In a recent discussion with ET Now, Mayuresh Joshi, Head Equity, Marketsmith India shed light on his views across banking, infrastructure, and paint sectors, emphasizing selective investment strategies amid evolving market dynamics. When asked about the ongoing debate around private banks versus public sector banks (PSBs) and the government’s recent disinvestment in Bank of Maharashtra, … Read more
Mumbai: Nomura has set its price target for the Nifty for 2026 at 29,300, implying an upside of close to 13% from the index’s Tuesday closing level. ICICI Bank, Infosys, Bajaj Finance, Mahindra & Mahindra, Axis Bank, Titan, Ultratech Cement, Godrej Consumer Products, LG Electronics, CG Power, Swiggy, Dr Reddy’s, Dixon Technologies, Alkem, Mahindra Finance, … Read more
Kolkata: The Reserve Bank of India on Tuesday said that State Bank of India, HDFC Bank and ICICI Bank remained as domestic systemically important banks and they will have to maintain additional common equity tier 1 (CET1) capital ratio of 0.8%, 0.4% and 0.2% respectively in addition to the capital conservation buffer. This level of … Read more