100 days of Modi 3.0 government: Sensex up 6,300 points, 18 smallcaps turn multibagger
In the first 100 days of Modi 3.0, Sensex surged 8.2% with BSE Smallcap up 18%. Top smallcaps like Refex Industries soared 221%. Investors are cautious due to tax hikes and policy risks.
Nilesh Shah’s market musing: Experienced investors making less money, how long can this continue?
Experienced investors are making less money compared to retail investors in the current market, says Nilesh Shah of Kotak Mahindra AMC. He attributes this to conservative betting and warns of potential corrections in overvalued stocks. Shah advises moderating return expectations as market fundamentals remain strong.
Looking for strategic asset selection? These mutual funds offer 14% return in 3 months
Consumption mutual funds have shown strong performance, offering an average return of 13.73% in three months. Kotak Consumption Fund led with a 17.97% return, while Tata India Consumer Fund delivered 16.90%. Experts attribute this to favorable economic conditions and strategic asset selection. Investors are advised to consider their risk tolerance before investing.
Mutual funds were sitting on Rs 1.86 lakh crore cash pile in August
Around five fund houses were sitting on more than Rs 10,000 crore cash pile last month. Among 43 mutual fund houses, SBI Mutual Fund had the highest cash allocation in its portfolio as of August 2024. The largest fund house had Rs 30,675 crore cash in its portfolio which was 4.33% of the total AUM.
US Fed meeting begins. Does stock market need a 25 or 50 bps rate cut?
The US Federal Reserve begins a crucial two-day meeting to decide on interest rate cuts. Investors are keenly watching whether Jerome Powell will opt for a 25 or 50 basis point cut. The outcome will significantly impact stock prices, depending on Powell’s motivations and the economic outlook.
RIL, SBI, TCS among top 10 stock holdings of SBI Mutual Fund in August
SBI Mutual Fund held a 6.4% allocation in RIL in August.
Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday Kotak
Kotak suggested that investors adopt a holistic approach to financial services, emphasizing the need for a mindset shift in response to the evolving landscape of household financial assets. This, according to Kotak, is essential for successful financial management in the future.
Tech view: Nifty faces hesitation at all-time high levels ahead of Fed rate move. Here’s how to trade on Wednesday
Nifty formed a Doji candle near its all-time high, indicating short-term hesitation ahead of the US Fed meeting. A breakout of the 25292-25442 band could lead to a sharper move. OI data shows highest call and put open interest at 25,400 and 25,300 strike prices, respectively.
Western Carriers IPO subscribed 7 times so far on day 3. Check GMP, other details
The non-institutional investors (NIIs) subscribed to the issue 8.23 times while the quota reserved for qualified institutional buyers (QIBs) was booked at just 3%. In all, 2.5 lakh share bids were received from QIBs around this time against 58,98,528 shares available for booking.
TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme
The company has recently canceled its DVR (Differential Voting Rights) shares and is replacing them with ordinary shares. According to the new scheme, shareholders will receive 7 ordinary shares for every 10 DVR shares they previously held. Axis Trustee Services, acting as an Independent Trustee, will now manage the distribution of the sale proceeds.