Looking for investment ideas? MFs favored these 10 stks in Feb
From the midcap category, here are the top 10 stock purchases of mutual fund houses in February. Stocks having a market cap of Rs 10,000 crore to Rs 40,000 crore were considered. (Data Source: Nuvama Alternative & Quantitative Research | ACE MF)
61% ELSS mutual fund schemes underperformed their benchmark category in three years. Should you worry?
Axis ELSS Tax Saver Fund, the largest scheme in the ELSS category based on assets managed, failed to beat its respective benchmark and category average.
Tech View: Nifty breaches 20-DEMA, trendline support. What should traders do on Thursday expiry
A decisive move below 21,860 levels (last higher bottom of 29th Feb) could negate Nifty’s bullish setup and that can eventually form a bearish pattern like lower tops and bottoms, Nagaraj Shetti of HDFC Securities said.
London selling sparks Rs 43,000-crore rally: What BAT stake sale means for ITC shareholders
The stake sale in ITC is good news also because BAT is now unlikely to sell more shares in near future for it doesn’t want its shareholding in ITC to fall below 25%. BAT’s ownership in ITC has now fallen to 25.5% from 29% earlier.
Schaeffler India, 2 more midcap stocks get ratings upgrade from Kotak Equities. Here’s why
While Schaeffler has fallen by 17%, Timken and SKF’s declines stand at 20% and 22%, respectively. This is despite the headline index Nifty gaining over 10% during this period.
About 41 PMS mid- & smallcap schemes gave negative returns in Feb; are good times over?
Midcap and smallcap schemes managed by portfolio management services firms saw negative returns in February. Equitree Capital Advisors, Saurabh Mukherjea, Aequitas Investment Consultancy, Ambit Investment Advisors, Geojit Financial Services, Equirus Wealth, PGIM India, and Care Portfolio Managers were among the firms that gave negative returns.
Adani Group stocks plunge up to 13% amid market rout; erase Rs 90,000 crore in m-cap
Adani Enterprises and Adani Ports & Special Economic Zone cracked around 7%., while Adani Power, Adani Wilmar, ACC, Ambuja Cements, and New Delhi Television shed up to 5%. The fall in the group stocks was amid weakness in the overall market.
Inflows into index-eligible Indian bonds set to hit $10 billion
Investments into index-eligible Fully Accessible Route bonds have risen by 812.18 billion rupees ($9.8 billion) since the announcement in September, data from the Clearing Corp. of India show. Inclusion starts in phases from June.
Bitcoin surges to fresh record high above $73,000 post US CPI data
In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 at 12:57 pm IST.
India’s rising valuations spur foreign firms to sell holdings
At least seven firms including US home appliance giant Whirlpool Corp. and Singapore Telecommunications Ltd., have reduced holdings in their local units since June, data compiled by Bloomberg show. British American Tobacco Plc. said Monday it’s preparing to sell a part of its stake in partner ITC Ltd.