Posts in category Business Standard
Rupee settles at new closing low of 83.40 on caution ahead of US Fed meet (13-12-2023)
The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose to 103.95, against 103.78 on Tuesday
IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr (13-12-2023)
These companies will break a jinx of sorts seen during the December preceding a General Election year
Financial sector stocks, new listings take centerstage in November for MFs (13-12-2023)
The equity market witnessed a sharp rally last month. The benchmark Nifty50 rose by 5.5 per cent, the most since July 2022
SIP collection up Rs 1.66 trn in 2023, lower ticket size to push inflow (13-12-2023)
Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi's decision to lower the ticket size to Rs 250 will further boost investment.
The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI).
Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation.
"With a buoyant economic outlook and increased market participation, investors are likely to continue favouring SIPs as a disciplined and accessible investment avenue. The ongoing strength in the market, coupled with the potential for healthy returns, reinforces our belief that the upward trend in SIPs will persist throughout 2024," he ...
Product concentration to remain overhang for agrichem major PI Industries (13-12-2023)
The positive from PI Industries' perspective is the diversification of its revenue base into pharmaceuticals
Paytm hits over 8-month low; stock tanks 38% from its 52-wk high of October (13-12-2023)
The stock of the fintech firm has remained under pressure since it announced it will scale down small-ticket size loans, especially, those below Rs 50,000
Laurus Labs slips 4% as arm gets 5 observations post USFDA inspection (13-12-2023)
Laurus Synthesis Private Limited has been issued a Form 483 with five observations and the company plans to address the observations within stipulated timelines.
Max Healthcare up 9% in one week post Lucknow-based Sahara Hospital buyout (13-12-2023)
On December 8, Max Healthcare said it entered into a share purchase agreement for acquisition of 550 bedded Sahara Hospital, Lucknow.
Go Long on Nifty around 20,700 as trend remains bullish, says HDFC Sec (13-12-2023)
The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday
Nifty Auto to consolidate in near-term; Nifty IT may correct, show charts (13-12-2023)
The recommended strategy in Nifty Auto index is to initiate sell positions at the prevailing market price or during upward movements