Rajesh Bhatia, CIO, ITI MF, suggests telecom stocks as core portfolio components, citing tariff repairs and increased free cash flow. He favours digital economy companies like PB Fintech, Swiggy, and Zomato due to their rapid growth and profitability potential. While previously optimistic about oil and gas, Bhatia now prefers sectors with predictable growth.What is your … Read more
European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany’s … Read more
Nearly 83% of foreign portfolio investor (FPI) flows in the first fortnight of December were concentrated in three sectors – financial services, IT, and real estate. Overseas investors poured ₹7,424 crore into financial services, ₹6,754 crore into IT, and ₹4,689 crore into real estate stocks in this period. These investors sold ₹5,337 crore worth of … Read more