Category: Uncategorized

Amid the bearish undercurrent, the inflow into equity mutual fund schemes has been steadily declining, while benchmark indices continue to reach new highs. This trend is driven by investors’ growing preference for direct investment in individual stocks. The net equity inflow touched a new peak of ₹1.64-lakh crore in FY22 after registering an outflow of […]

Kotak Funds – India Midcap Fund (the fund), a UCITS fund domiciled in Luxembourg, managed by Kotak Mahindra Asset Management (Singapore) Pte. Ltd. (subsidiary of Kotak Mahindra Bank Limited), has crossed the $2.5-billion AUM (Assets Under Management) mark. With a proven track record spanning over 13 years, the fund has generated returns of 13.37 per […]

Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1 per cent higher on Friday, buoyed by gains in HDFC Bank, Reliance Industries and Infosys amid a largely firm trend in global markets. After three days of decline, the 30-share BSE Sensex climbed 480.57 points or 0.74 per cent to […]

S&P Global, a NYSE-listed data, research and analytics firms, sees India growing at an average 6.7 per cent for the next eight years, catapulting GDP to $6.7 trillion in fiscal 2030-31 from $3.4 trillion in 2022-23. It also sees per capita GDP rising to about $4,500. Capital accumulation will be the dominant driver of Indian […]

The rupee depreciated 5 paise to 82.72 against the US dollar in early trade on Thursday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said. At the interbank foreign […]

India’s import of Ural crude oil hit a new high in July as Indian refiners, particularly State-run oil marketing companies (OMCs), stocked up on the grade fearing supply disruptions during August and September as Russia limits exports to shore up prices and meet domestic demand. According to energy intelligence firm Vortexa, Indian refiners imported around […]

Target: ₹115 CMP: ₹91.82 Equitas Small Finance Bank continues its impressive streak by achieving 2 per cent Reported RoA for the third consecutive quarter. This performance has also translated into a significant improvement in Reported RoE, which now stands at an impressive 14.54 per cent, showing a remarkable increase of 550 basis points YoY. However, […]

Crude oil futures touched a near three-month high on Tuesday morning on concerns over tightening supplies in the coming days. However, futures traded slightly lower in early trade on Tuesday morning. At 9.55 am on Tuesday, October Brent oil futures were at $85.25, down by 0.21 per cent, and September crude oil futures on WTI […]

The government has fixed a price of $7.85 per million British thermal units (mBtu) for the natural gas produced from the legacy fields of ONGC and Oil India for August 2023. However, the Petroleum Planning and Analysis Cell (PPAC) said that the price from the nomination fields of both the Oil PSUs will be subject […]

After asking stockbrokers to display ‘risk disclosures’ for F&O clients, SEBI is now planning to put equity derivatives segment under long-term additional surveillance measures (ASM).  ASM framework already exists for the equity markets, and it protects investor interest by placing scrips under restriction to prevent market speculation and manipulations. The stocks are moved to the […]