Being a mutual fund distributor is a good career option, says Zerodha’s Nithin Kamath
Nithin Kamath highlighted the lack of an advisory ecosystem in India, particularly RIAs and MFDs, as a major hurdle for the mutual fund industry’s growth. He emphasized the importance of MFDs in reaching smaller cities and towns. Despite the growth in SIP investments, the industry needs a stronger advisory network for further expansion.
Tech View: What expansion of outer Bollinger band in Nifty indicates for Thursday’s trade
The index trades above the 50-day SMA, with expanding Bollinger bands signaling bullishness. Options data shows strong call and ITM put writing at 24,800, reinforcing a bullish outlook, said Praveen Dwarakanath.
Investors pull back from debt mutual funds: 7 categories see outflows
Debt mutual funds saw a decline in inflows by 92% at Rs 12,915 crore in November against Rs 1.57 lakh crore in October. Around 7 debt mutual fund categories saw outflow in November. Here’s the breakup (Source: AMFI).
Planning to invest in gold and silver soon? Here’s what you need to know first
However, recent dollar strength, rising to 106-107 from 104 levels, has pulled gold prices down to around $2,670. Factors like Middle East conflicts, Syria tensions, and discussions of 100% U.S. tariffs on BRICS countries continue to influence the price trends. Gold is now stabilizing between $2,600-$2,700 per ounce, while silver trades around $30-$32.
Titagarh, IRFC, other rail stocks rally up to 9% in what could be pre-Budget rally
Titagarh Share Price: Rail stocks surged on Wednesday, led by Titagarh Rail Systems, amid hopes of a government capex recovery in the second half of the fiscal year and upcoming budget announcements. Analysts predict a strong H2 recovery in government spending, particularly in defense and roadways, though railway spending may not see the same seasonal […]
3 stocks to play green energy theme; but BHEL in thermal could be a good play too: Dipan Mehta
Dipan Mehta recommends investing in solar equipment manufacturers like Waaree Energies, Premier Energies, and Tata Power due to their strong growth potential. He also suggests considering Suzlon, Inox Wind, and BHEL. While cautious about D-Mart’s valuation and competition, Mehta sees promise in quick commerce and BHEL’s revival due to thermal power plant demand.
Bull market to persist amid macroeconomic pressures: Rajesh Bhatia
There may be some temporary challenges, as I point out, thanks to the macroeconomic variables which may change, the rupee is already under pressure. We will not be able to reduce interest rates as quickly.
Hot Stocks: Axis Capital upgrades Infosys; Investec reiterates sell on Wipro
Investec maintained a “Sell” rating on Wipro, foreseeing limited downside but improved capital allocation. Axis Capital upgraded Infosys to “ADD”, citing growth stability and efficiency gains. Goldman Sachs reiterated a “Sell” on D-Mart due to rising competition and market penetration limitations.
Indian Overseas Bank shares rally 5% on receiving Rs 1,359-crore income tax refund order
In Q2 FY24, Indian Overseas Bank posted a 24% surge in net profit to Rs 777 crore, due to interest income and onboarding of new customers. The bank had earned a net profit of Rs 625 crore in the same quarter a year ago. The bank earned an interest income of Rs 6,851 crore during […]
Market to consolidate for another month, prioritise quality over momentum & value: Sunil Subramaniam
Market expert Sunil Subramaniam analyzes current market trends, citing low consumer spending, government underspending, and FII selling. He anticipates a market consolidation phase for another month, advising investors to prioritize quality stocks and remain patient. Subramaniam predicts increased government spending, improved earnings, and renewed FII interest by mid-January, driven by upcoming elections and budget expectations.