It pays more to be an independent director at top Indian firms
Independent directors at India’s Nifty-50 companies saw their median compensation more than double over the last five years, with a significant jump to Rs 87.4 lakh in FY24. The rise has been driven by increased responsibilities and complexities in their roles, requiring substantial time commitment and effort. Companies have raised commissions to reflect these demands.
A positive break of 24,400 could take Nifty to 24,700: Analysts
Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.
Top individual investors made more money in June quarter
The Jhunjhunwala family’s wealth in listed firms, which surpassed ₹50,000 crore for the first time in the March quarter, declined by nearly 8% to ₹47,053 crore by the end of the June quarter. Stocks like Titan, Crisil, and Sun Pharma Advanced Research fell between 10% and 35% during this period.