UPI transactions in Jan surpass 16.99 billion, highest recorded in any month
In January, UPI transactions in India reached a record high of 16.99 billion, with a value exceeding Rs 23.48 lakh crore. UPI remains the dominant digital payment method in India, contributing to 80% of retail payments, with over 641 banks and 80 UPI apps participating in the system.
Fall in wholesale prices of pulses yet to reach retail
Prices of chana and tur have dropped by about 25% in two months, falling below the minimum support prices due to duty-free imports and increased local crop arrivals. While wholesale prices of pulses have decreased significantly, retail prices have not seen a proportional decline. Retail chana dal prices fell 4.3% and tur dal prices dropped […]
India & EU discuss ways to clinch FTA; HiTech, climate also in focus
European Commission President Ursula von der Leyen and India’s external affairs minister S Jaishankar have discussed advancing the free trade agreement and cooperation in sectors like high technology and climate change. They aim to finalize new strategic agreements, especially as Europe seeks to mitigate risks in its relationship with China.
Mutual funds will now have to deploy NFO proceeds within 30 days: Sebi rule effective from April 1
Sebi mandates AMCs to deploy NFO funds within 30 business days from April 1, 2025. Investment committees may extend this once, with reasons documented and monitored by trustees. AMCs must specify achievable timelines in scheme documents.
Gold tumbles Rs 1,150 to Rs 88,200 per 10 gm, silver plunges Rs 1,000 amid weak global cues
Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market […]
Valuations still hot as 60% NSE500 stocks trade above 5-year PE levels. What should investor strategy be?
Despite a five-month market downturn, 60% of NSE500 stocks are still trading above their 5-year PE levels, suggesting overvaluation. Analysts advise focusing on quality stocks in banking, financial services, FMCG, and metals for long-term gains, with balanced portfolio allocation.
MF Tracker: Is SBI Bluechip Fund worth considering when Nifty is down 13% from peak
Experts recommend considering the SBI Bluechip Fund, a prominent large cap mutual fund, amid current market volatility and a 13% dip in the Nifty50 from its peak. The fund has shown consistent long-term performance with a notable AUM and competitive returns, making it a viable option for diversifying portfolios.
Copper prices poised for growth amid electrification and supply challenges: Daan Struyven
The main challenge for iron ore is that we continue to expect China’s construction demand to decline as the Chinese property sector is still overbuilt. So, a very differentiated outlook here across the industrial metals with a preference for aluminium and copper.
In an unusual pattern, India’s stock gauge moves in sync with volatility index for days
The Nifty 50 Index has fallen 14% from its September peak due to concerns over steep valuations and disappointing corporate earnings. At the same time, the India NSE Volatility Index has dropped, reflecting a decline in demand for options betting on the benchmark equity gauge’s moves.
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Adani Power’s stock has fallen 12.26% over the past year and 24.32% in the last six months. However, the shares have bounced back with a 14.36% increase in the last three months and a 3.72% gain over the past week.