Nifty posts negative returns in 6 out of 10 years in Sept; adverse seasonality for FIIs too
The Nifty index has shown a bearish trend in September, recording negative returns in six out of the last 10 years. This is largely due to selling by Foreign Institutional Investors, though Domestic Institutional Investors have often stepped in to stabilize the markets. Despite this, Nifty managed positive closings in certain years, including 2023.
IndiGo bulk deals effect: FTSE raises weight, MSCI may follow suit
Following the sale of a 5.83% stake by promoter Rakesh Gangwal, global indices have increased IndiGo’s weightage, predicting notable inflows. After the sell-off, Gangwal’s stake in IndiGo decreased significantly. The airline is expanding operations and introducing business class seats by November and wide-body planes by 2027.
Sectoral & international mutual funds lead return chart in August, offer up to 9% gains
Sectoral and thematic mutual funds topped the returns chart in August with up to 9.37% gains. The WOC Pharma and Healthcare Fund led with 9.37% returns, while international funds and healthcare funds also performed well. Around 73 equity mutual funds, however, yielded negative returns during the same period.
Zerodha books profit in BSE, adds Radico Khaitan to portfolio in Q1
Following the strong rally in Federal Bank, Axis Securities reiterated its rating on the bank with a target price of Rs 230, indicating an upside potential of 18% from the current market price of Rs 195.
End of a strong dollar and Fed rate cuts may see EMs outperforming DMs: Adrian Mowat
Adrian Mowat discusses the potential boost for emerging markets from a weakening US dollar and the US Federal Reserve’s shift to a neutral policy. He highlights the impact of US economic data on interest rates and cautions on China’s manufacturing challenges. Emerging markets might benefit if the Fed cuts rates, enhancing performance over developed markets.
ETMarkets AIF Talk: Alpha Debt Fund delivers double-digit returns in July: Insights from Soumendra Ghosh of Vivriti AMC
Launched in mid-2021, DBF-I was our second Performing Credit strategy. It gathered INR 1,700 crore from insurance companies, family offices, corporate treasuries, and HNIs.
Commodity Talk: Domestic gold prices playing catch-up with international rates post duty cut: Anuj Gupta
Yes, in the short term, we may see some consolidation and correction in gold, but overall, our view remains bullish, and we believe the price of gold is likely to move higher towards $2,560/$2,595 levels from its current level, with strong support at $2,465/$2,433.
September months prone to profit booking but momentum looks positive. Here’s how to trade Nifty
Septembers are generally prone to profit booking especially if the two preceding months have had a rise of at least 0.5% each. However, a dragonfly candle formed in monthly chart points to bulls having upper hand as we enter September, having rejected several bear attempts, and broken free of their stranglehold, as is. Momentum indicators […]
Deepak Fertilizers among 16 stocks to trade ex-dividend tomorrow. Last chance to buy for eligibility
Deepak Fertilisers and other companies will be in focus today as they have fixed September 3 as the record date for dividend payments. Investors need to buy shares today to qualify for the dividends announced by these companies. Deepak Fertilisers declared a final dividend of Rs 8.5 per share for the financial year ending March […]
Golden Crossovers: These 3 stocks signal bullishness on Sept 2
These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on August 30 .