RBI props up rupee to its biggest gain since Nov ’22
The Indian rupee strengthened by 64 paisa to 83.83 against the US dollar, marking its largest single-day gain since November 2022 due to significant intervention by the Reserve Bank of India. This move caused speculative dollar selling and stop losses for those expecting further depreciation.
Biz ramp-up, tackling rivals to be key for Apollo Hospitals
While the performance was largely in line with analysts’ expectations, investors were not happy with the sequential moderation in the business, Apollo 24|7 business not breaking even and intensifying competition with Adani group’s foray in healthcare. The Apollo stock closed 6.7% lower on Tuesday, with investor sentiment worsened by the steep decline in the benchmark […]
Flexi funds with a lower SMID load lose less in selloff
Flexi-cap schemes, the second largest equity mutual fund category by assets, give fund managers the flexibility to invest in large-, mid- or small-cap stocks, depending on their outlook for the market.