Mutual fund SIPs hit another record high. Top 5 takeaways from AMFI data
SIP inflows hit a new record, surpassing Rs 23,000 crore with a 10% surge
Tech View: Nifty ends week with Hammer candle. Here’s how to trade on Monday
Jatin Gedia of Sharekhan observes that the Nifty, after a drop from 25,100 to 23,900, is currently in recovery mode. He predicts a potential rally towards 24,520-24,651, aligning with the 50% and 61.82% Fibonacci retracement levels. The immediate support level is anticipated at 24,200-24,150, coinciding with the 40-day moving average
EVs across different categories will be at par or cheaper than ICE products soon: Bhavish Aggarwal
Bhavish Aggarwal of Ola Electric announced that their S1 X scooters are priced to compete with ICE scooters. Ola quickly went public and focuses on leading India’s EV future through vertical supply chain integration. The company aims to achieve price parity between EVs and ICE vehicles soon, with ongoing advancements in lithium cell production.
Vijay Kedia’s portfolio flares up, 2 stocks turn multibaggers in CY24
ETMarkets analyzed investor Vijay Kishanlal Kedia’s portfolio as of the June ’24 quarter. His stakes in 14 companies total ₹1,545 cr, with 9 delivering double-digit returns and 3 becoming multibaggers.
Earnings Impact: LIC shares jump 3% after Q1 net profit rises 9% YoY
Shares of Life Insurance Corporation (LIC), India’s largest insurer, surged 3% to Rs 1,159.60 on the BSE after reporting a Q1 net profit of Rs 10,544 crore for the quarter ended June 2024, a 9% increase year-on-year. Net premium income rose 16% YoY to Rs 1.14 lakh crore.
Could getting a personal loan, home loan top-up become much more difficult? Keki Mistry answers
Keki Mistry, Former VC & CEO of HDFC, discussed RBI Governor Shaktikanta Das’s caution on unsecured lending risks. While Mistry acknowledged diligent loan assessments, he admitted RBI might notice lapses in certain entities, indicating potential tightened norms. The general lending system’s diligence and top-up loan impact on housing loans were key points of concern.
Hot stocks: Brokerage view on IndusInd Bank, Lupin, Aadhar Housing, Page Industries and Eicher
Morgan Stanley retains an Overweight rating on IndusInd Bank with a target price of Rs 1,780. The firm expects the stock to outperform the industry in the next 15 days despite recent corrections due to weak volume growth and PPoP progression. The bank’s strong asset quality in Q1 and confidence in meeting FY25 asset quality […]
ET Analysis: Leave the food inflation target index well alone
Governor Shaktikanta Das stressed not to modify the existing inflation targeting framework, which aims for a 4% inflation rate. He pointed out food inflation’s significant role in the consumption basket and cautioned that ignoring it may risk the hard-won stability in price levels. The existing framework ensures the credibility of economic stability.
Big movers on D-Street: What should investors do with Symphony, Apollo Tyres and Shree Cement?
On Thursday, benchmark indices dropped nearly 1% after the Reserve Bank decided to keep the policy rate steady. Analyst Kushal Gandhi advised existing investors to hold Symphony, which surged 10.35%. However, he suggested caution for Apollo Tyres and Shree Cement, which experienced declines of 1.48% and 3.66%, respectively.
Japan’s Nikkei rebounds as US jobs data eases slowdown fears
Japan’s Nikkei share average saw a 1.7% rise, spurred by a surprising decrease in U.S. unemployment claims which alleviated recession fears. A softer yen also provided relief. This rally aligns with strong performances of U.S. stocks where Nasdaq and S&P 500 both saw over 2% gains. Market volatility earlier in the week was notable.