Shares of Adani Power declined as much as 6% to their day’s low of Rs 160.25 on the NSE on Tuesday, September 23, after investors booked profit following a massive 35% surge in the counter after the company’s 1:5 stock split and positive brokerage views amid SEBI‘s clean chit on stock manipulation. The stock turned … Read more
Shares of Urban Company surged as much as 4% on Thursday to Rs 174 on the BSE, taking gains to nearly 69% over its IPO issue price of Rs 103, in just two days of trade. The sharp rally has left investors weighing whether to book profits after the blockbuster listing or stay invested for … Read more
Markets ended higher for the second consecutive week, with benchmark indices Nifty 50 and Sensex advancing nearly a percent. Sentiment was buoyed by optimism around a GST rate overhaul from the outset and strengthened as the week progressed, though profit booking in the final session trimmed some gains. Meanwhile, foreign Institutional Investors (FIIs) continued their … Read more
In this edition of ETMarkets Smart Talk, Puneet Pal, Head of Fixed Income at PGIM India AMC, addresses the recent $2 billion FPI outflows from Indian fixed income markets in June. Despite strong macroeconomic fundamentals and steady returns from Indian bonds over the past two years, foreign investors have begun paring their exposure. Pal believes … Read more
Mumbai: India’s equity indices fell more than 1% on Tuesday, although the gauges recouped some losses through a choppy trading session marked by weak global cues and profit-booking in heavyweight sectors ahead of the monthly expiry. Analysts said the undertone remains bullish, despite Tuesday’s slide. The NSE Nifty fell 0.7%, or 174.95 points, to finish … Read more
The Indian market ended lower on Friday, weighed down by a pull-back in high-weight financial and information technology stocks following a rally earlier in the week. The BSE Sensex shed 200.15, or 0.24%, to close at 82,330.59, while the NSE Nifty declined 42.30 points, or 0.17%, to settle at 25,019.80. Here’s how analysts read the … Read more
Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
“And over the next, I would say six months, expecting 4% to 6% of a price correction and maybe six months of the time correction is something which I would be more than happy to have in the market because that would really bring back the health and the strength of the market back,” says … Read more
PSU mutual funds are losing steam. Do I withdraw my investment now or should I wait? Are PSU funds going to provide low returns in the near future, or are they likely to rebound? What is the current outlook for these funds? Manorajan Das, Gurgaon Reply by Shweta Rajani, Head – Mutual Funds, Anand Rathi Wealth … Read more
Sunil Subramaniam, market veteran, says that in April and May, the outflow of Rs 50,000 crore was a profit booking by FIIs. Now, alternatives to take that money and put it anywhere else in the world are not looking attractive. So, they had to come back to India, especially once they got clarity that this … Read more