If past is key to the future, D-Street trough may herald a new crest
Since the sell-off began in the last week of September, key indices have fallen 10-11% led by one of the highest-ever selling sprees by foreigners in this period. The study showed that outflows are about 0.2% of the average market capitalisation in this period.
Adani Group partners with Indorama for petchem foray
Adani Enterprises Ltd, “has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)… with Indorama Resources Ltd, Thailand,” AEL said in the filing. The company further added, “VPL is incorporated with the object to set Refinery, Petrochemical and Chemical business.”
Oil & Gas, financials lead FPI outflows in H2 of December
Bhamre said that oil marketing companies such as HPCL and BPCL are witnessing profit booking after gains, and stocks such as Indraprastha Gas and Mahanagar Gas are under pressure as they are not expected to get subsidised gas anymore.
Union Bank’s lag in deposits weighs on stocks of peers
Shares of Union Bank of India dropped 7.8% while Bank of Baroda and Punjab & Sind Bank slid 5.9% and 5.2%, respectively.
When the going gets tough, active funds have the edge
In 2023, when risk assets could seemingly do little wrong, several actively managed funds often trailed their respective benchmarks, in part explaining the flow of funds to passively managed corpuses through 2024. But as volatility rose and directional choppiness buffeted equity gauges through a tumultuous 2024, actively managed funds are very much back in the […]