Rupee slips to record low as pressure from carry trade unwind lingers
This decline was influenced by the unwinding of carry trades and high local dollar demand. Central bank interventions helped limit the currency’s losses, with the rupee expected to remain under pressure.
Sebi’s proposals aim to curb use of offshore structures for derivative trades, say sources
The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only by cash equity or debt positions and not derivatives.
Tech View: Nifty likely to witness continuation of pullback rally. Here’s how to trade on Thursday
Despite recent volatility, the index has found support around 24,000 and its 50-day exponential moving average, leading to a relief rally. This suggests a potential short-term reversal, but confirmation will depend on further upward movement.
Venky’s shares hit 20% upper circuit after Q1 profit soars 287% YoY to Rs 275 crore
Revenue from operations stood at Rs 808 crore, down 17% YoY from Rs 976.44 crore reported in the corresponding quarter of the previous financial year. The overall revenue was down because of a decline in revenue of the company’s oil seed segment.
Best large & mid cap funds to invest in August 2024
As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
Radhika Gupta has message for new investors amid market rout
Amid recent market volatility, Edelweiss Mutual Fund CEO Radhika Gupta advised investors not to panic. She emphasized that market corrections are normal and assured that the world doesn’t end with each crisis.
Explained: What Sebi’s curbs on equity F&O segment mean for commodity markets?
In India, several commodity exchanges cater to different niches, including the Multi Commodity Exchange of India (MCX), National Commodity and Derivatives Exchange (NCDEX), National Multi Commodity Exchange (NMCE), and Indian Commodity Exchange (ICEX).
Real estate stocks rally on revision of LTCG rules
Buying action surged across nearly all real estate stocks, with the Nifty Realty index climbing approximately 1.5%, driven by gains in DLF, Macrotech, Oberoi Realty, Prestige, and Godrej Properties.
Fund Manager Talk | Market overvalued, expect normalisation in due course: Shreyash Devalkar, Axis Mutual Fund
I believe the focus on policy continuity has been the key driver of gains. Likewise, for the capital gains, I do believe that markets were surprised but have taken these in their stead.
Textile stocks surge on likely market share gain
Shares of Indian textile and garment companies surged amidst political unrest in Bangladesh, raising hopes of potential benefits for India. Analysts remain cautious about short-term gains, highlighting uncertainties about India’s production capacity and brands’ reaction. Textile stocks have shown strong returns this year, but current market gains could be short-lived.