Tata boom! Love-all-things-Tata portfolio soars by over Rs 9 lakh crore in FY24
On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings.
Inflows in other schemes increased by 40% in FY24. Here is the break up
The total inflows in the other schemes (which includes index and ETFs) in FY24 was Rs 47,895 crore. The total AUM for the category stands at Rs 9.08 lakh crore as on February 29, 2024. Here is the break up of which other scheme categories received the maximum inflows in FY24, according to the monthly […]
Maharashtra Bank among top 3 stock ideas for first week of FY25: Kunal Shah
However, the broader picture remains bearish, with the lower-end support positioned at 34,700. A breach below this support level could intensify the downward momentum in the sector.
These 3 sectors had a blast in a tentative March month. What to look forward to?
If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small caps excelled with an impressive 63%, as indicated by the respective indices.
Is the stock market open on Good Friday today?
Equity markets will remain closed for a total of 145 days in the calendar year, the same as that of 2023.
1 in every 5 stocks in Nifty 500 doubled your money in a year
The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the financial year witnessed the resurgence of investment themes such as power, capital goods, and PSUs, which were mostly out of favour since 2008.
Public shareholders clear ICICI Securities’ delisting
In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. Shareholders of the broking firm will receive 67 shares of ICICI Bank for every 100 shares held.
IndiGo set to cover more of the globe giving wings to its yields
Analysts have increased the earnings per share (EPS) estimates of InterGlobe Aviation by 5-7% for FY25 amid expectations of rising yields in the coming quarters as the airline expands market share helped by rising demand. The stock has gained nearly 10% in the past five trading sessions taking the three-month return to nearly 21%.
Nifty scores at 28% in FY24; investor wealth surges Rs 133,00,000 cr
Nifty ended 0.9%, or 203 points, higher to close at 22,326 after jumping as much as 1.8%. The Sensex, which closed 0.90%, or 655 points, higher to close at 73,651, rose up to 1.6% earlier in the day. Both indices came close to hitting record highs. For the fiscal 2023-24, the Nifty was up 28.61% […]
Short yuan-long rupee trades catch the eye, RBI unlikely to stay on sidelines
“I have also noticed that since the beginning of the year, there has been a lot of interest in buying Indian rupees, not against the US dollar but against some of the other Asian currencies, especially the RMB (Chinese currency),” said Patrick Law, Head of Asia Pacific Fixed Income, Currencies, and Commodities Trading, Bank of […]