MUMBAI: Domestic equity market is likely to remain rangebound next week as investors are unwilling to take bullish positions at a time when the pandemic is raging and making them second-guess their rosy outlook for the economy and earnings growth. The government’s repeated insistence on not imposing a national lockdown despite the country reporting over … Read more
By Lav Chaturvedi In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was … Read more
MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity … Read more
MUMBAI: The domestic equity market ended another week of lackluster trading as the benchmarks slid around 2 per cent each despite a more than 1 per cent surge in today’s session. “The current correction can be metaphorically compared to the steady process of releasing steam from a pressure cooker in order to let the food … Read more
MUMBAI: Concerns over an emerging second Covid-19 wave and nervousness ahead of the outcome of the US Federal Reserve’s policy meeting tonight weighed on benchmark equity indices today. The broad-based selling saw largecap, midcap and smallcap stocks take deep cuts with four stocks falling for every one stock that rose on the National Stock Exchange. … Read more
NEW DELHI: The Association of National Exchanges Members of India (Anmi) has called for trading of Nifty and Sensex indices, which are the most popular among traders, on all exchanges and not just their native ones. “Nifty and Sensex indices should be allowed to be traded on all the exchanges in future. If there is … Read more
MUMBAI: After a lacklustre week, market participants are gearing up for another week of likely correction as investors may continue booking profits in the wake of rising concerns over overheating in domestic and global stock markets. In the previous week, Nifty50 and Sensex ended with losses of over 1 per cent with banks leading the … Read more
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