Good news! Party on D-Street set to continue with or without FIIs
Indian equities witnessed record outflows to the tune of $24 billion from FIIs year-to-date, eventually washing out net inflows of a little over $23 billion seen from them in 2020.
Mark Mobius warns US interest rates will hit 9% if inflation persists
People that are buying commodities are sitting on weaker and weaker currencies,” he said, referencing emerging-market and euro-area buyers. “You’re probably going to see a downturn in commodity prices.
Asian stocks rise as relief rally builds after UK U-turn
China’s stock market opened nearly flat and edged up 0.12% to 3,088.54 as the Chinese ruling Communist Party’s twice-a-decade congress remains in session this week. Chinese state banks are stepping up intervention to defend the weakening yuan, banking sources told Reuters on Monday, while many companies have announced share buyback programmes.
Big Movers on D-St: What should investors do with BLS International, Federal Bank and IRB Infrastructure?
The stock has witnessed a sharp breakout from its 200-Day average with strong volumes after a double bottom formation near 195 levels. It should face some resistance at 270 and a crossover of the same would extend the up move to 310-320 levels over the next few months. RSI has pierced upwards on the weekly […]
Auto at cusp of a rebound makes logistics a good turnaround bet
UTI Transportation and Logistics Fund, the only actively managed fund in the space, is one of the best-performing equity schemes in the past year, gaining 11.2%, compared with the Nifty 50 which lost 3.4%. Eyeing the opportunity, new fund offerings (NFOs) of IDFC Transportation and Logistics Fund and ICICI Prudential Transportation and Logistics Fund have […]
What changed for market while you were sleeping
Stocks in Asia are set to follow Wall Street higher after the S&P 500 closed above a key technical level and the reversal of the UK’s vast fiscal stimulus bolstered global sentiment.
Govt may infuse ₹5,000 cr in state-run general insurers
This planned equity support is over and above the ₹5,000 crore already infused this year in National Insurance (₹3,700 crore), Oriental Insurance (₹ 1,200 crore) and United India Insurance (₹100 crore).
Stocks in the news: ACC, ICICI Lombard, PVR, Tata Coffee, ZEEL and Aster DM
ICICI Lombard GIC, Schaeffler India, Gujarat Fluorochem, Polycab, LTTS, Tata Communications, KPIT Tech, HFCL, Mahindra CIE Automotive and Praj Industries are among the companies that will announce their results for September 2022 quarter today.
HDFC could be out of Nifty by Dec-Jan; $1.5 billion outflow likely
The housing finance company with a 5.5% weight in the Nifty could see an outflow of around $1.3-1.5 billion from the passive funds once it’s excluded from the benchmark, they said. Pidilite Industries and Ambuja Cements are among the top contenders to replace HDFC, said analysts.
SBI cuts savings deposit rate by 5 basis points to 2.70 per cent; BoB raises FCNR deposit rates
The new saving rates are applicable on balances of less than Rs 10 crore, on which the bank earlier offered 2.75 per cent per annum interest. The lowering of rates on savings accounts by SBI comes at a time when the peer lenders have been raising deposit rates to mobilise funds