These 5 long-term funds can benefit from lower government borrowing. Take a look
Debt mutual funds investing in long-term bonds could be among the top picks of fixed-income investors as the prospects of lower government borrowing could boost returns from such products. Here are 5 funds that could benefit from the recent Budget announcement. (Source: Value Research; Data as of January 31, 2024)
Edelweiss gold and silver ETF FoF NAV falls 7%
As the trade could not be reversed before close on Thursday, the average closing price for Edelweiss Gold ETF on Thursday was Rs 56.2.
52 BSE500 stocks offer double-digit returns in an action-packed market week
Equity markets ended higher this week, driven by buying in select heavyweight indices and a fiscally prudent Budget. 52 BSE500 stocks gained in double digits, with NBCC as the top gainer. In the midcap segment, Indian Bank, Delhivery, and HPCL rose in double digits. Power Grid topped the Sensex pack. All eyes will be on […]
SBI Q3 results today: What to expect, key things to track for investors
SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread over two quarters of H2FY24. In the second quarter, SBI had a one-off wage provision of Rs 3400 crore.
Q3 results today: SBI, Clean Science, KIMS among 50 companies to announce earnings
Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, and Krishna Institute of Medical Sciences (KIMS), will announce their December quarter earnings. The market is particularly interested in the results of PSU lender State Bank of India (SBI).
Meta’s $197 billion surge is biggest in stock-market history
The stock rose 20% Friday to close at an all-time high of $474.99 per share. The gain added $197 billion to its market capitalization, the biggest single-session market value addition, eclipsing the $190 billion gains made by Apple Inc. and Amazon.com Inc. in 2022.
S&P 500 surges to record closing high on solid earnings, robust data
Solid quarterly results from Meta Platforms and Amazon.com helped boost the S&P 500 index and the Nasdaq Composite Index over 1%, while the blue-chip Dow Jones Industrial Average’s gain was more muted.
Tata Motors’ net more than doubles, JLR revenue up 22%
Commenting on the fundraising plans for the EV business – Passenger Electric Mobility (TPEML) – he said with proceeds from the Production Linked Incentive (PLI) Scheme likely to come soon, Tata Motors is not in a rush to raise funds for its EV arm.
More passengers, fuel surcharge lift IndiGo net by over 100%
The airline, which commands more than 60% share of India’s domestic market, posted a profit of ₹2,998 crore in the three months ended December 31, compared to ₹1,422 crore a year earlier. Revenue climbed 30% to ₹19,452 crore.
View: A fiscally tighter budget than market expectations
The FY26 budget is expected to be even tighter, with a lower fiscal deficit target. The government surprised everyone by not announcing any new social schemes or expanding existing ones. Allocation for popular social schemes like MNREGA and Jal Jeevan Mission remains unchanged. The budget focuses on boosting the investment cycle, with a significant increase […]