Equity mutual funds offer between -6% & 14% returns in Nov. How much have you earned?
Equity mutual funds delivered returns between -6% to 14% in November, with sectoral and thematic funds outperforming. Mirae Asset S&P 500 Top 50 ETF FoF led with 13.89% returns. However, over 200 funds experienced negative returns, with Mirae Asset Hang Seng TECH ETF FoF losing 6.28%.
Tech View: Nifty reclaims 21 DEMA, forms green candle. What should traders do on Monday?
Indian markets closed higher on Friday, led by pharma and auto stocks. The Nifty ended at 24,131, with a range-bound movement between 23,900-24,400. The 50-DMA and 89-DMA are acting as resistance, while 23,900-24,000 is the support level.
Nisus Finance Services IPO to open on Dec 4; eyes Rs 114 crore
Nisus Finance Services Co Ltd on Friday said it aims to raise over Rs 114 crore through its initial public offering (IPO) which will open for subscription on December 4. The issue, with a price band of Rs 170 to Rs 180 per share, will conclude on December 6. The anchor book bidding will open […]
Gold prices bounce back by Rs 700 to Rs 79,400 per 10 gm; silver climbs Rs 1,300
Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday.
Cipla promoters to sell 1.72% stake in likely block deal worth Rs 2,000 crore: Report
Cipla promoters are likely to sell up to 1.72% stake via a block deal at Rs 1,442 per share, a 6% discount to the current price. This follows a similar sale of 2.53% stake in May 2024. The block deal aims to raise around Rs 2,000 crore.
Rupee logs worst month since March as Trump win lifts dollar, outflows persist
The Indian rupee ended November with its worst monthly performance in eight, as Donald Trump’s victory in the U.S. election boosted the dollar and U.S. bond yields, while foreign portfolio outflows persisted.
5 equity mutual fund categories offer over 25% return in 2024
Five equity mutual fund categories, including sectoral, thematic, small-cap, and mid-cap funds, have offered over 25% return in 2024.
For next 2-3 years, L&T sees good momentum in gas to power opportunities in West Asia: Subramanian Sarma
L&T Board Member Subramanian Sarma highlights key themes: traditional fossil fuel development, green initiatives, and petrochemical monetization. The focus remains on oil, gas, and renewable energy, with opportunities worth $10-12 billion. Execution is progressing well with no major geopolitical risks impacting operations. Competition persists but L&T maintains a strong market presence and anticipates continued momentum.
Tight credit and external uncertainty to weigh on India’s growth: Sonal Varma
Government spending should pick up compared to first half, particularly on the capital expenditure side, and better crop prospects that also does bode well for agriculture production and rural demand, but in the overall scheme of things we do think that India is dealing with tight monetary policy, tight credit policy, tight credit conditions, and […]
Earnings growth key to market momentum: Ashish Gupta
For the second half, the expectation is still quite an optimistic 16% and that is why we have a 10% growth forecast for the full year. There is some risk to these earnings.