HDFC, SBI, Kotak, Axis, Nippon India, Quant, and ICICI Prudential Mutual Funds added several stocks to their portfolios in September. HDFC added Medi Assist Healthcare Services, Endurance Tech, and Brigade Enterprises. SBI added Gujarat State Petronet, Shivalik Bimetal Controls, and JM Financial.
Posts in category Economic Times
Rupee ends at record closing low, pressured by outflows, weak Asia FX (17-10-2024)
The rupee closed at 84.0675 against the dollar, down about 0.1% from its closing level of 83.9950 in the previous session. The currency is just shy of its all-time low of 84.0750 hit on Monday.
Tata Communications Q2 results: Cons PAT rises 3% YoY to Rs 227 crore but declines 32% QoQ (17-10-2024)
Tata Communications reported a consolidated net profit of Rs 227.23 crore in Q2FY24, up 3% YoY. Revenue from operations stood at Rs 5,767.35 crore, up 18% YoY. Total expenses incurred by the company in the July-September quarter was at Rs 5,503.47 crore versus Rs 4,599.59 crore in Q2FY24.
Gold hits record high as US rate cuts and election jitters spur demand (17-10-2024)
Gold has added over 30% so far this year, with a record-breaking rally driven by expectations that the Fed will further cut rates this year after a jumbo reduction last month and on the ongoing geopolitical uncertainties.
Central Bank of India Q2 Results: Profit surges 51% YoY to Rs 913 crore (17-10-2024)
Central Bank of India Q2 Results: Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.
Nikkei closes lower as chip stocks drag, investors focus on earnings (17-10-2024)
Major technology stocks fell for a second session and dragged the Nikkei lower, after ASML’s cut to annual sales forecast sparked concerns about demand, sending chip-related shares tumbling in the previous session.
European shares climb on earnings boost ahead of ECB policy verdict (17-10-2024)
EUROPE-STOCKS/ (UPDATE 1)UPDATE 1-European shares climb on earnings boost ahead of ECB policy verdict
FPIs Societe Generale, UBS and Tiger Pacific reduce stakes in Paytm below 1% (17-10-2024)
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia brought their holdings in One 97 Communications below 1% in the September-ended quarter. Shares of Paytm dropped to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%.
Post recent correction, utilities & industrials looking attractive: Jitendra Sriram (17-10-2024)
Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas MF, emphasizes the potential in the utility and industrial sectors post-market correction, citing increased energy demand and government capital spending. He also notes the muted performance in FMCG and auto sectors but suggests closely monitoring them. Banking may benefit from potential monetary easing, though private banks could lead the rally.