Mutual funds: In October, with Indian markets witnessing corrections due to lackluster earnings, domestic mutual funds (MFs) adopted a proactive approach by acquiring top-performing stocks during their dipping value. The Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, strategically increased its investment in around 13 stocks within its portfolio during this … Read more
Domestic benchmark equity indices dropped on Friday, ending the week in the red, as concerns over dull corporate earnings and persistent foreign outflows outweighed gains in information technology stocks following the U.S. Federal Reserve’s expected interest rate cut. The NSE Nifty 50 fell 0.21% to 24,148, while the BSE Sensex shed 0.07% to 79,486. They … Read more
Over the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a … Read more
“Investors should pay attention to relative valuations, interest rates, trends in NPAs, and other macro factors to see when the tide may be turning,” says Anil Rego, MD & CIO, Right Horizons PMS.In an interview with ETMarkets, Rego said: “Earnings have been strong, and while absolute valuations may be high, in relative terms, we are … Read more
“The NBFCs which have been growing very-very fast and the segment which they have been growing, if it is a very-very high-risk segment, so to that extent one has to be cognizant where one is investing,” says Dikshit Mittal, LIC Mutual Fund. Firstly, to start off with, the RBI has continued to maintain its stance. … Read more
Franklin Templeton Asset Management India is set to re-enter India’s debt market with a new fund offering, marking its return after the unexpected closure of six funds in April 2020. The launch of the Franklin India Ultra Short Duration Fund comes more than four years after the asset manager halted $3.7 billion in debt schemes … Read more
“Achche din ki sabse badi guarantee hai the growth in the GDP. So, India having reached fifth largest economy status and all the pundits and all the gurus from IMF to investment houses to all the economists predict that India will be number three in a very short duration of time,” says Puneet Chhatwal, MD … Read more
Nifty on Tuesday ended 125 points lower to form a bearish candle on the daily chart as it recorded losses for the third straight session. The short-term trend remains weak. But, having placed near the cluster support of around 22,000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance … Read more
As the domestic equity market keeps on making new peaks every other day, a similar surge in new Demat account additions is also being seen. In December, the total new Demat account openings touched a new high of 42 lakh, taking the number of total Demat accounts to 13.93 crore.The addition of 42 lakh new … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more