FII buying in June crosses Rs 15,000 crore. Will IT results attract more inflow?

FII buying in June crosses Rs 15,000 crore. Will IT results attract more inflow?

As the June quarter earnings season began this week, FII inflow into Dalal Street has crossed the Rs 15,000 crore mark in June with analysts predicting that better than expected results of IT majors can attract more inflow. “FII flows will continue to be erratic, influenced by global factors. Better-than-expected results from IT majors who … Read more

A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities

A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities

A confident NDA could propel the Nifty towards 26,300 and beyond in the medium to long term, says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts from a chat in which the analysts also shares two stock ideas for the week. In the post-election result week, do you see some signs of more … Read more

Sanjiv Bhasin’s top stock picks post yesterday’s market bloodbath

Sanjiv Bhasin’s top stock picks post yesterday’s market bloodbath

“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more

FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

On Tuesday, the market capitalisation (m-cap) of BSE-listed companies saw a dramatic decline of Rs 31 lakh crore. This drop was the result of dramatic results in the General Elections, with the BJP led by Prime Minister Narendra Modi falling short of a simple majority. As a result, the combined m-cap of BSE-listed firms decreased … Read more

Technology based mutual funds lose 4% in March. What should investors do? – Laggard category

Technology based mutual funds lose 4% in March. What should investors do? – Laggard category

Apr 06, 2024, 01:31:52 PM IST Technology funds have lost around 3.96% in one month, an analysis of performance by ETMutualFunds showed. There were around seven active schemes in the category during the said horizon. iStock Aditya Birla Sun Life Digital India Fund lost the most at around 5.52% in one month. ICICI Prudential Technology … Read more

Heavyweights lag, but new leaders give wings to rally

Heavyweights lag, but new leaders give wings to rally

Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more

HSBC picks banking, consumption, IT as top investment themes for 2024

HSBC picks banking, consumption, IT as top investment themes for 2024

India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the … Read more

ITR Filing Last Date is December 31: Check how to file ITR, how much penalty to be paid for belated returns

ITR Filing Last Date is December 31: Check how to file ITR, how much penalty to be paid for belated returns

ITR Return 2022-23: Taxpayers should note that the deadline to file the final belated and revised income tax returns (ITRs) for FY 2022-23 (AY 2023-24) will end on December 31, 2023. Although July 31 is the due date for filing returns for the financial year 2022-23 (AY 2023-24), the Income Tax department has given time … Read more

Stocks that India’s top 5 mutual funds bought and sold last month

Stocks that India’s top 5 mutual funds bought and sold last month

With Nifty in a consolidating trajectory after hitting the 20,000-milestone in September, mutual funds are using the fresh inflow of funds to pick stocks from sectors like auto, utilities, consumer and insurance. AMFI data shows that money managers reduced stake in banks, IT, capital goods and metals in October. While the weight of private banks … Read more