Top Performers: 4 MF categories that rose up to 21% in 2024 so far
Four sectoral, thematic fund categories have offered the highest returns in 2024 so far, according to data by ACE MF. These categories offered returns between 11.69% and 21.17% in the period. In other words, only these 4 categories have offered double-digit returns in 2024 so far.
The gold market hunts for answers behind bullion’s sudden surge
After trading in a fairly steady range for months, bullion started spiking in early March. It’s risen 14% since then and left a string of daily records in its wake.
India uses peace clause fifth time, for rice subsidies given in 2022
India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
Tech View: Nifty may consolidate within a range. What traders should do on Tuesday
Positive chart patterns like higher tops and bottoms are intact as per the daily chart, and the present upmove is in line with the new higher top formation of the pattern. The short-term uptrend of the Nifty remains intact, and the next upside levels are around 22,800 (1.618% Fibonacci projection). Immediate support is at 22,520 […]
Edelweiss Financial Services’ Rs 200 cr NCD issue opens, to have 9-10.5% annual yields
Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23.
Expect PV sales to spike after Lok Sabha elections: Manish Raj Singhania, FADA
Manish Raj Singhania forecasts a post-election spike in PV retails similar to what was seen during the Vidhan Sabha elections. Factors like financial stability, excitement over SUVs, the falling EV prices, good road infrastructure, as well as tge elections impact on vehicle demand will continue to drive sales, says the FADA president.
Gold Price Today: Yellow metal gains Rs 440/10 grams, tops Rs 71K for first time; silver hits new highs
Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs […]
ETMarkets Smart Talk: Have Rs 10 lakh to invest in FY25? Cyclicals, commodities & capex themes are looking promising: Somnath Mukherjee
Somnath Mukherjee of ASK Private Wealth predicts promising market segments like cyclicals, commodities, capex. He foresees strong FII flows post US rate cuts, emphasizing sectoral allocation for high-risk investors in FY25. Mukherjee says: “With consumption remaining anemic and public capex being the primary driver of the economy, broad-based earnings momentum is likely to be slower […]
Wipro CEO Thierry Delaporte’s resignation: Shares fall as quick turnaround unlikely
Investors will await clarity on any strategic or organisational changes and capital allocation from new CEO and MD Srini Pallia.
Will take up strategic role to contribute to growth of Bandhan Group: Chandra Shekhar Ghosh, Bandhan Bank
I feel that in the final quarter of the financial year, there is very good business momentum, all the parameters has come very fantastic, I feel that this is the right time I need to decide to hand over my bank to the new management team.