Posts in category Business Standard
Small-caps lead inflows into India equity mutual funds in Dec, shows data (08-01-2024)
The sustained domestic inflows along with record monthly buying by foreign portfolio investors drove India's benchmarks Nifty 50 and Sensex to all-time highs, rising about 8% each in December
MF industry assets surge by Rs 11 trn in 2023; crosses Rs 50 trn mark (08-01-2024)
After a lackluster performance in 2022, the mutual fund industry saw a substantial rebound in 2023 with its asset base surging by nearly Rs 11 lakh crore, reaching over Rs 50 lakh crore-mark fuelled by an optimistic equity market, steady interest rates, and a robust economic expansion.
The year 2023 has seen a substantial increase in overall inflow, data from the Association of Mutual Fund Industry (Amfi) showed on Monday.
The inflow has pushed the assets under management (AUM) of the mutual fund industry by 27 per cent, adding Rs 10.9 lakh crore in 2023.
This was way higher than the 5.7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh crore addition to the asset base in 2021.
The asset base rose from Rs 39.88 lakh crore in 2022 to an all-time high of Rs 50.78 lakh crore in 2023, the data showed.
The asset base stood at Rs 37.72 lakh crore at the end of December 2021 and Rs 31 lakh cror
Indian stocks to get first ETF in Gulf region as UAE deepens ties (08-01-2024)
There were an estimated 3.5 million Indian expatriates in the United Arab Emirates as of 2021, comprising about 30% of the Gulf country's population
Marico, Godrej Consumer slip up to 6% post December quarter biz update (08-01-2024)
Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.
Fiem Industries zooms 15% as board to consider bonus issue on Jan 15 (08-01-2024)
The management expects the company continue to benefit from its diversified product and customer mix and expects a strong second half driven by the festive season and pick-up in rural demand.
Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto (08-01-2024)
Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24
Gold, silver prices unchanged; yellow metal trading at Rs 63,270 per 10g (08-01-2024)
The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,000
Opening Bell: Sensex up 100 pts, Nifty tests 21,750; Titan gains 2% (08-01-2024)
Stock market Live Update on Monday, January 08: Elsewhere in Asia, Hang Seng tumbled nearly 2%, and Shanghai was down 1%. Straits Times and Kospi were flat, while Taiwan added 0.5%.
Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought (08-01-2024)
According to Ravi Nathani, an independent technical analyst, a breach of 21,500 could trigger a consolidation phase with a negative bias, with Nifty seeking support at 21,125, 20,700, and 20,350.
Bond sales hit record pace as emerging markets see year of risks ahead (07-01-2024)
The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come