Posts in category Business Standard
Sensex down a tad on unabated foreign fund outflows, weak global trends (09-11-2023)
Benchmark Sensex declined by 143 points on Thursday amid continuous foreign fund outflows and mixed trends from global markets.
In a volatile trade, the 30-share BSE Sensex declined 143.41 points or 0.22 per cent to settle at 64,832.20. During the day, it fell 206.85 points or 0.31 per cent to 64,768.76.
The Nifty dipped 48.20 points or 0.25 per cent to 19,395.30.
Among the Sensex firms, Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan and UltraTech Cement were the major laggards.
Mahindra & Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro and Maruti were among the gainers.
In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory while Hong Kong ended lower.
European markets were trading mostly in the green. The US markets ended on a mixed note on Wednesday.
"Reflecting the mixed global sentiments, the Indian market is mired in a range-bound trend with the Nifty index not able
Gold once again glitters with the double-digit returns, shows data (09-11-2023)
Last year, gold was the best-performing asset class with returns close to 15 per cent even as most domestic equity indices delivered less than 5 per cent
Net inflows in equity schemes rebounded to Rs 20K crore in October (09-11-2023)
The net inflows were also supported by the surge in investments coming through the systematic investment plan (SIP) route
Amfi sets Rs 2 transaction charge limit for direct mutual fund platforms (09-11-2023)
Limited impact on AMCs, most larger platforms may continue as stockbrokers
Inflow in equity mutual funds climbs 42% to Rs 19,957 cr in October (09-11-2023)
Inflows in equity mutual funds surged 42 per cent month-on-month to Rs 19,957 crore in October driven by investors' preference for small-cap funds.
This was way higher than Rs 14,091 crore inflow seen in the category in September. Before this, inflow was at Rs 20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday.
The flow in October also marks the 32nd consecutive month of net inflows. All the categories experienced inflow in equity segments.
The category was aided by fund collection to the tune of Rs 4,495 crore in small-cap funds, followed by Rs 3,896 crore in thematic funds.
Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 42,634 crore in October after withdrawing funds in the past two months. The segment had witnessed a net outflow of Rs 1.01 lakh crore in September and Rs 25,873 crore in August.
Overall, the 44-player mutual fund industry has witnessed an inflow of Rs 80,528 crore in the
Neuland Labs surges 36% in 4 days on robust Q2 results; up 270% in 9 months (09-11-2023)
The EBITDA margin improvement of 980 bps points to 33.4 per cent is a result of not only the revenue momentum but also a shift towards high margin business, the management said.
MTAR Tech tanks 12% as company cuts FY24 revenue, Ebitda guidance (09-11-2023)
The company cut guidance due to deferment of shipment plans against the confirmed orders from Clean Energy
Samvat 2080: Stock picks by HDFC Sec, Kotak Sec, ICICI Direct, JM Financial (09-11-2023)
Here's a list of Diwali picks recommended by top brokerage and research firms that can help you build your portfolio for Samvat 2080.
Eris up 8% as it plans to acquire nephro, derma units of Biocon Biologics (09-11-2023)
The deal consideration is Rs 366 crore inclusive of working capital, and will be funded partly through debt financing
Brigade Enterprises surges 7%, hits new high on strong Q2 results (09-11-2023)
With a robust pipeline of launches in Bengaluru, Chennai, and Hyderabad, the management is confident that the company will sustain the momentum going forward