Fertiliser stocks rally amid talk of subsidy hike
On Wednesday, National Fertilizers, Rashtriya Chemicals and Ferilizers, GSFC and Deepak Fertilizers soared 7-16% on the BSE. The Sensex ended almost unchanged over the previous day. The mid-cap index gained 0.2% and the small-cap index rose 0.45%.
ITC may outperform HUL post a strong 2022 for FMCG giants
Investors of cigarette-to-FMCG company ITC finally saw their patience pay off as its stock rose 52% during the year on the back of a smart recovery in the company’s performance as it emerged from the worst of the pandemic. During this period, the ET FMCG Index gained 14%.
Nifty Rejig: Axis Bank, Bharti Airtel and Adani Ports could draw inflows of $48 million
HDFC Life, HDFC Bank, ICICI Bank and BPCL will also collectively see inflows of $20 million following the reshuffling, while Bajaj Auto, Bajaj Finserv, Kotak Mahindra Bank, HDFC and Tech Mahindra will see outflows to the tune of $77 million, said the brokerage.These changes shall take place on December 29 and become effective from December […]
Sebi proposes framework for index providers
At present, the benchmarks based on which products are traded on the Indian stock exchange platforms and indices tracked by the fund managers are owned and managed by entities which are generally either subsidiaries of stock exchanges or joint venture between an exchange and an index provider or any entity engaged in the activity of […]