Over 10 brokerages lower price targets after guidance disappointment
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Private equity, venture capital funds’ investments decline 4% in March (17-04-2023)
Private equity and venture capital funds’ investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday.
In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by industry lobby IVCA and consultancy firm EY.
For the January-March quarter, the deal activity declined by 21 per cent by the value of investments to USD 13.3 billion as compared to the year-ago period.
The consultancy firm’s partner Vivek Soni said collapse of Silicon Valley Bank led to a spike in uncertainty, further exacerbating the tight funding environment for startups.
“As a result of these headwinds, the startup space is expected to continue witnessing consolidation as high-burn companies struggle to raise funds in up rounds and will look to merge/sell to their well-funded peers in primarily stock swap transactions,” he said.
The overall deal activity is down because of the mism
NSE warns investors against illegal ‘dabba’ trading in stock market (17-04-2023)
The National Stock Exchange (NSE) on Monday cautioned investors against two persons offering illegal ‘dabba’ trading in the stock market.
‘Dabba’ trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform.
The cautionary statements came after NSE found that Nitin Shantilal Nagda and Narendra V Sumaria were providing ‘dabba’ trading.
These persons were registered with a trading member (TM) as an authorised person (AP) and the said association as an AP was subsequently cancelled by the TM.
Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal ‘dabba’ trading activity in the stock market as the same is prohibited by law.
“Investors are cautioned and advised not to trade on such illegal trading platforms. Participation in such illegal platforms is at the investor’s own risk, cost and consequences as such illegal tradin
Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking (17-04-2023)
Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors’ preference for equities.
However, the asset base of gold ETFs and investors’ account or folio numbers increased in the last fiscal, data from the Association of Mutual Funds in India (Amfi) showed.
Most of the investors are still preferring equity-oriented mutual funds over the other asset, with the segment registering a net inflow of over Rs 2 lakh crore in FY23. Also, investors have redeemed their investments in gold in favour of other asset classes.
According to data available from the Association of Mutual Funds in India (Amfi), 14-gold linked ETFs have seen an inflow of Rs 653 crore in the fiscal year that ended on March 31 this year. This was way below than Rs 2,541 crore inflow seen in the segment in 2021-22 and Rs 1,614 crore in 2019-20.
Before that, gold ETFs witnessed outflows of Rs 412 crore in 2018-19, R
Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking (17-04-2023)
Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors’ preference for equities.
However, the asset base of gold ETFs and investors’ account or folio numbers increased in the last fiscal, data from the Association of Mutual Funds in India (Amfi) showed.
Most of the investors are still preferring equity-oriented mutual funds over the other asset, with the segment registering a net inflow of over Rs 2 lakh crore in FY23. Also, investors have redeemed their investments in gold in favour of other asset classes.
According to data available from the Association of Mutual Funds in India (Amfi), 14-gold linked ETFs have seen an inflow of Rs 653 crore in the fiscal year that ended on March 31 this year. This was way below than Rs 2,541 crore inflow seen in the segment in 2021-22 and Rs 1,614 crore in 2019-20.
Before that, gold ETFs witnessed outflows of Rs 412 crore in 2018-19, R
PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12% (17-04-2023)
At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent
Zee Entertainment falls 3% as nearly 6% equity change hands via block deals (17-04-2023)
At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE
Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout (17-04-2023)
The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023
Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout (17-04-2023)
The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023
ITC hits new high, tops Rs 400-mark; stock doubles in less than two years (17-04-2023)
FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.