The Association of Mutual Funds in India (AMFI) announced that net equity mutual fund inflows declined by 14% to Rs 25,017 crore in March compared to Rs 29,242 crore in February. This reduction occurred despite a favourable market environment, with BSE Sensex and NSE Nifty 50 indices recovering by 5.77% and 6.30%, respectively. Additionally, systematic … Read more
After a strong drop in the PMS (portfolio management services) assets of Marcellus Investment Managers, its founder Saurabh Mukherjea encouraged market participants to direct as much criticism as possible. The fund’s marquee consistent compounders portfolio has delivered a return CAGR of 17.4% over FY19-24, which is broadly in-line with the portfolio’ EPS CAGR of 17.8% … Read more
HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more
“Right now, it’s hard to say what to buy, but it’s best to wait for a reversal. Nifty has strong support at 23,800, with resistance around 24,600 to 24,700. Going short now is not advisable—any positive news could trigger a pullback to 24,500 or 24,600,” says Dharmesh Shah, ICICI Direct. Very interesting data point Soumeet … Read more
A long bull candle was formed on the daily chart, which indicates that the market is on the verge of showing an upside bounce. It was observed that Nifty is in the process of forming a double bottom type pattern around 24,700 levels, which needs to be confirmed with more upside. The index closed below … Read more