Charlie Munger, one of the two titans of Berkshire Hathaway and Warren Buffett’s buddy, once said, “Big money is not in the buying or selling, but in the waiting.” Our own ‘Smallcap Czar’ Porinju Veliyath seems to have lived by this principle as he sat tight through the 2018-2020 bear cycle in the broader market … Read more
MUMBAI: Central Depository Services Ltd () on Saturday said it has become the first depository in the country to have 30 million active dematerialised accounts, helped by a surge in first-time investors in the stock market during the Covid-19 pandemic. The company took five years to reach the 20 million active demat accounts from 10 … Read more
MUMBAI: While the benchmark indices recorded yet another lifetime closing highs today helped by technology stocks, the broader market saw weakness on concerns over likely rollback of some liquidity measures by the Reserve Bank of India (RBI). The Nifty50 index ended 1.0 per cent, or 137.50 points, higher at 14,484.75 points while the BSE Sensex … Read more
NEW YORK: U.S. stocks closed 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever. Risks abound, including a resurgent coronavirus pandemic, concerns about the speed of rollout of vaccines and … Read more
NEW DELHI: How do you find a new stock? Scan Twitter, watch business TV channels and YouTube videos or read newspapers, online articles and lengthy company reports, listen to podcasts, seek advice from friends or hire the services of an expert? Well, you can instead just look around at what people around you are consuming. … Read more
The better the quality of a company, the higher should be the holding period, said Raamdeo Agrawal, chairman of Motilal Oswal Financial Services. In an interview with ET, the veteran investor spoke on markets and various findings of the firm’s 25th annual wealth creation study scheduled to be released on Tuesday. Excerpts Your wealth-creation study … Read more
Mumbai: Singapore-headquartered private equity fund Everstone Capital will acquire a controlling stake in Calibre, the Mumbai-based specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments, said a company statement. ET had first reported in November that Everstone Capital is in talks to acquire Calibre Chemicals in a deal that could value the … Read more
NEW DELHI: Overseas investors remained net buyers to the tune of Rs 17,818 crore in Indian markets in first four trading sessions of December amidst better than expected economic recovery around the world and positive sentiment on the back of various vaccine results. As per depositories data, foreign portfolio investors (FPI) pumped in a net … Read more
Gland Pharma made a strong debut on bourses during the week gone by, while aviation major SpiceJet and telecom player Vodafone Idea advanced up to 32 per cent. On the other hand, private lender Lakshmi Vilas Bank cracked more than 40 per cent after the government placed the bank under a one-month moratorium. Overall, heavy … Read more
By Chris Bryant When the history of the modern financial era is written, there’s one comment that’s almost certain to merit inclusion: “Stocks only go up!” Sports-blogger turned day-trader Dave Portnoy’s pithy observation this summer was designed to both amuse and provoke. But if you’ve put money into US stocks since the market bottomed out … Read more