Posts in category All News
Sensex, Nifty likely to open flat despite record highs (08-07-2024)
Valuation concerns persist, though institutional participants are holding their positions amidst anticipation for the upcoming Budget and Q1 results of India Inc
Sebi likely to act against ‘silent’ PMS firms (08-07-2024)
Regulator Sebi expresses concern over unresponsive PMS firms in the market. Compliance issues and potential misuse of licenses highlighted. APMI maintains communication with compliant members. Sebi closely monitoring the PMS sector with a dedicated team. Further developments expected in this industry.
Insurers likely to report robust growth amid market tailwinds (08-07-2024)
APE growth in private insurers, driven by buoyant equity markets, faces VNB margin pressure from ULIPs and group pricing. Q1FY24 growth slowed due to high-value policy sales before tax changes. LIC shows 15% APE growth. HDFC Life (17-18% APE), ICICI Prudential Life (40% APE), SBI Life (18% APE), and Max Life Insurance (19% APE) report strong growth.
Himalaya Food International consolidated net profit rises 60.00% in the June 2024 quarter (08-07-2024)
Sales rise 28.19% to Rs 10.64 crore
Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico (08-07-2024)
Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent
MFs’ share in total institutional equity hits a record (08-07-2024)
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Stocks that will see action today: July 8, 2024 (08-07-2024)
Buzzing stocks: LIC, JM Financial, Infosys, Apollo Hospitals, Bandhan Bank, GMR Power, Coffee Day, PNB, HG Infra, Zaggle, Delhivery, Union Bank, BoB, UGRO Capital, Indsil Hydro, Welspun Corp, Quick Heal, Signature Global, HEG, Genesys Intel, Fermenta Bio, EFC
Gold lingers near one-month high on Fed rate-cut bets (08-07-2024)
Gold prices eased slightly after reaching a one-month high due to expectations of a Fed rate cut in September. Unemployment rate increase supports rate cut speculation. China's central bank refrains from gold purchases. Indian dealers offer discounts. Perth Mint reports decline in gold and silver sales.
Miners drag Australian shares lower on weaker iron ore prices (08-07-2024)
Australian shares fell due to iron ore price drops, affecting hot metal output and the S&P/ASX 200 index (7799.00). Energy stocks dropped amid Gaza ceasefire and Gulf storms. Financials and Commonwealth Bank of Australia dipped. Gold stocks rose, hitting June 11 highs, following U.S. jobs data and possible rate cuts. The S&P/NZX 50 declined 0.5%.