Meghmani Organics stocks fall after fire at pigments plant at Panoli
Meghmani Organics Limited informed about a fire incident at its Pigment Plant in the Panoli GIDC area in the Bharuch district of Gujarat on Sunday. The company shares took a beating on Monday after the fire reports. In a regulatory filing on Monday, the company informed that a fire broke out in the Finished Goods […]
Passive funds’ AUM grows 34% in FY23, nears ₹7-lakh crore
The total assets under management (AUM) of passive mutual funds is nearing ₹7-lakh crore as a growing number of investors are turning towards passive investing amid the volatility in markets and the constant underperformance of actively managed funds. The total AUM of passive funds grew 34 per cent to ₹6.97-lakh crore as of March 2023 […]
Inflation data, earnings, global trends to guide market movement this week: Analysts
WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March […]
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High prices to mute gold jewellery demand this Akshaya Tritiya
Gold jewellery sales during this Akshaya Tritiya on April 22 are expected to remain muted with gold prices hitting a new high at ₹63,000 per 10 gram at the retail level and is slated to rise further with global economic uncertainty. Akshay Tritiya is considered an auspicious occasion to buy gold as it is believed […]
Blackstone’s Nexus Select Trust IPO likely to get SEBI approval next week
Blackstone-sponsored real estate investment trust, Nexus Select Trust, is likely to get the go ahead from the Securities and Exchange Board of India early next week, for its initial public offering of units. The country’s first retail REIT is expecting to list its units by May 15, as required by regulations, sources said. The REIT […]
ChatGPT could be a stock forecaster: Report
ChatGPT is the latest technological breakthrough that has been transforming various fields, including IT and education. The technology developer OpenAI has recently said that it would offer up to $20,000 to users reporting vulnerabilities in its artificial intelligence systems. Alejandro Lopez-Lira, a finance professor at the University of Florida, has found that the large language […]
MFs’ assets up 5 per cent in last one year to ₹39.42-lakh crore
The asset under management of the mutual fund industry has registered a growth of 5 per cent in the year ended March to ₹39.42-lakh crore against ₹37.57-lakh crore logged in the same period last year. The growth was due to the 40 lakh new investors added in the last one year, taking the investor size […]
SGX Nifty indicates flattish opening
Domestic markets are expected to open on flat note amid weak global cues. According to analysts, the decent set of macro economic data (inflation and IIP) and foreign investors turning as buyers are key positives. ‘ Experts said that after sustaining gains for the eighth straight session, market may see a profit taking. Besides, the […]
m.Stock ropes in 1.8 lakh paid users in its first year of operations
Mirae Asset, the international financial services group, has 1.8 lakh paid users on its online retail stock broking platform, m.Stock, after completing one year of operations. It has an active client ratio of 71 per cent, with over 8.5 crore trades executed and over 71 lakh app downloads in the last one year. m.Stock has […]