Share price of GAIL rises as Nifty strengthens (22-07-2024)
Stock market update: Nifty Bank index advances 0.25% in an upbeat market (22-07-2024)
Poonawalla Fincorp formerly Magma Fincorp (22-07-2024)
Five seniors opted for early retirement from Poonawalla Fincorp
- Manoj Gujaran CCO replaced by Bholananda Behera; Interim CCO: Sumit Talreja, deputy CCO
- Anup Agarwal Chief Internal Auditor replaced by Nitin Sane; Interim: Vishal Pandey, deputy vice president, internal audit
- Rajendra Tathare chief risk officer (CRO) replaced by Bhaskar Pandey; Interim: Mitul K Budhbhatti, Head, credit monitoring and risk
- Manish Chaudhary the formal head of Retail Assets
- Smita Mitra, Human Resources head
https://www.business-standard.com/amp/companies/news/poonawalla-fincorp-top-deck-sees-rejig-5-seniors-opt-for-early-retirement-124072100484_1.html
FII/DII activity – and what we can make out of that! (22-07-2024)
From the latest data released by the NSDL for the first half of July month indicates Net inflows of 20,720 crores.
The sectors that have experienced net Investments greater than 2000 Crores are Automobile and Auto Components, Capital Goods, Healthcare and Information Technology, which constitutes to around 57% of total Net Investments.
The sector Metal and Mining have seen a positive net Investment from the FPI’s after nearly two months. This shift from negative to positive investment indicated a renewed interest in this sector.
Oil, Gas & Consumable Fuels, this sector for the consecutive second fortnight has seen a positive net investment increasing from 1,048 to 1,944 crores. This significant inflows for the second period indicates a good opportunity for investment.
The sectors which has seen continuous outflows for the past month are Construction, Power and Utilities.
Overall the Investments from the FII’s have been positive and is in the best interest of the economy.
The views are personal. Appreciating your thoughts on this.