“There are no two thoughts about it. Everybody is agreeing how equity investors are going to make it. So one has to believe in equities and it is a proven thing to make long-term wealth. There is nothing like equity. I think it is going to be a wonderful year from that perspective,” says Porinju … Read more
Indian market plunged on Monday tracking weak global cues. The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 17500 levels. Sectorally, selling pressure was seen in metals, realty, consumer discretionary, auto, banks, and IT stocks. Stocks that were in focus included which closed with gains of 5 per cent, which … Read more
Dalal Street legend Rakesh Jhunjhunwala died on Sunday. An established trader, renowned investor and a chartered accountant by profession, he entered the equity markets with just Rs 5,000 in 1985. On the day of his death, Jhunjhunwala’s net worth is estimated at $5.5 billion, roughly Rs 43,800 crore, making him the 36th richest person in … Read more
Five top performing midcap funds have delivered up to 21 per cent returns in the last one year in comparison with a 3 per cent drop in the BSE Midcap index. These mutual fund schemes have their top holdings from different sectors, yet they managed to perform well, suggesting bottom-up investing working for the schemes. … Read more
NEW DELHI: Nifty futures on the Singapore Exchange traded 44 points, or 0.26 per cent, higher at 17,304, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade: Power Grid, Nykaa: FSN E-Commerce Ventures (Nykaa), Power Grid, Tata Power Company, … Read more
MUMBAI: By all means, Calendar 2021 has turned out to be a strong year for India’s richest investor Rakesh Jhunjhunwala. The Big Bull has seen the value of his publicly-known portfolio rise 36.1 per cent in 2021 so far, outperforming the Nifty500 index, which has risen 30 per cent. Indian stocks are on a tear … Read more
By Nupur Acharya and Siddhartha Singh Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments. The incident prompted the markets regulator to ask … Read more