Posts in category Business Standard
Gold price dips Rs 10 to Rs 74,230, silver falls Rs 100 to Rs 86,400 (22-04-2024)
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,040
Stock Market LIVE: Sensex up 400 pts, Nifty nears 22,300; Axis Bank, Bajaj Fin weigh (22-04-2024)
Stock market live on April, 22: Equity benchmark indices opened in green on Monday with the BSE Sensex rising 400 points to 73,486 and the NSE Nifty50 advancing by 126 points to 22,278
Weekly charts reveal a bearish trend for Nifty 50: Here’s how to trade (22-04-2024)
Analysing the Relative Strength Index (RSI) on weekly charts reveals a bearish signal, characterised by a pattern of lower tops and lower bottoms
China is front and center of gold’s record-breaking rally this year (21-04-2024)
China and India have typically vied over the title of world's biggest buyer. But that shifted last year as Chinese consumption of jewelry, bars and coins swelled to record levels
Q4 result preview: Pipes to outperform other building-material segments (21-04-2024)
By comparison, categories like wood panel and tile-bathware could report mid to high single-digit growth rates
HUL to MRF and P&G: Here are top stocks in which Amit Shah has invested (21-04-2024)
Union Home Minister's five biggest bets valued at Rs 5.3 crore
Hybrid MFs stage comeback; see Rs 1.45 trn inflows driven by investments (21-04-2024)
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year.
The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds.
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
The category has been attracting regular inflows since the beginning of financial year 2023-24 in April after a change in taxation for debt funds that kicked off in the same month. Before that, the segment saw a net withdrawal of Rs 12,372 crore in March.
Overall, the hybrid category saw net inflows of Rs 1.45 lakh crore in FY24, compared to an outflow of R
FPIs withdraw over Rs 5,200 crore in April so far from domestic equities (21-04-2024)
Foreign investors dumped domestic equities worth over Rs 5,200 crore in April so far on concerns over tweaks in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made here via the island nation.
This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed.
According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19).
The major trigger for FPI selling was the tweak in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made in India via the island nation, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said.
The two nations have reached a consensus on a protocol amending a double taxation avoidance agreement (DTAA). The protocol specifies that tax relief cannot be utilized for th
Mcap of 6 of top 10 valued firms at Rs 1.40 trillion; TCS, Infosys lag (21-04-2024)
The combined market valuation of six of the top 10 valued firms eroded by Rs 1,40,478.38 crore in a holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the maximum hit.
Last week, the BSE benchmark declined 1,156.57 points or 1.55 per cent. Stock markets were closed on Wednesday on account of Ram Navami.
While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unilever suffered erosion in their valuation.
The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the most among the top 10 firms.
Infosys faced an erosion of Rs 30,488.12 crore from its valuation which stood at Rs 5,85,936.45 crore.
Shares of Infosys on Friday ended nearly 1 per cent lower after the company's revenue growth guidance for FY25 failed to meet market expectations.
The market capitalisation (mcap) of
Q4 earnings, global trends major triggers for markets this week: Analysts (21-04-2024)
Worries related to the Iran-Israel conflict, quarterly earnings and foreign investors' trading activity are the key factors that would dictate stock markets this week, analysts said.
Besides, trends in Brent crude oil and movement of the rupee against the dollar will also be crucial factors.
This week will be crucial for the market amid ongoing worries about the conflict between Iran and Israel, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
"If tensions escalate significantly, there's a risk of panic selling and increased volatility across global stock markets. Moreover, the market will be keeping a close eye on fluctuations in crude oil prices, as geopolitical events frequently impact them.
"Investors will also be watching for important earnings of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gour said.
HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March