Pak conflict: Indian QSR stock with Turkey ops in crossfire amid boycott calls
Jubilant FoodWorks may face business pressure due to rising India-Turkey tensions following Türkiye’s support for Pakistan. Its Domino’s Turkey unit, DP Eurasia, contributes significantly to revenue and could be impacted by boycott calls and strained trade ties.
Sebi comes out with composition of internal audit team for CRAs
Markets regulator Sebi on Wednesday expanded the list of eligible professionals who can be part of the internal audit team for Credit Rating Agencies (CRAs), making it more inclusive. Earlier, the internal audit team for CRAs was required to include a Chartered Accountant (ACA/FCA), and a Certified Information Systems Auditor (CISA) or someone with a […]
MSCI Smallcap Index Rejig: Tata Tech, Hexaware among 11 stocks added; 22 shown the door
MSCI has revamped its India Smallcap Index, adding 11 stocks including Tata Technologies and Hexaware, while removing 22 others. The rejig, effective May 30, also involves weight adjustments across select existing constituents, signaling shifts in market sentiment.
LIC Mutual Fund reintroduces five flagship equity schemes; details here
LIC Mutual Fund has reintroduced five flagship equity schemes, including the Value Fund and Small Cap Fund, to attract new investors and enhance product offerings. These funds cater to diverse financial goals, from long-term value investing to high-growth small-cap opportunities. The fund house manages 41 schemes with a notable AUM increase of 11% in April […]
JM Financial bets on banks, capex-led growth stocks in new model portfolio
JM Financial anticipates a pro-growth monetary policy under the new Reserve Bank of India Governor, Malhotra. The firm expects the central bank to potentially lower interest rates by 50 basis points during this cycle, citing stable inflation levels. Additionally, it highlighted the government’s Rs 11.2 trillion capital expenditure plan for FY26 as a significant driver […]
Harish Krishnan bullish on metals; sees long-term upside amid global reindustrialisation and weakening dollar
Harish Krishnan of Aditya Birla Sun Life AMC suggests buying cyclical sectors when their profit pool share is low. He highlights the metal basket due to potential re-industrialization and a weakening dollar. Krishnan anticipates headwinds for the real estate sector due to high ownership and supply. He also expresses caution regarding the hospitality sector, citing […]
Tiny company with China ties announces big purchase of Trump cryptocurrency
GD Culture Group, a struggling tech firm with Chinese ties and reliance on TikTok, plans to invest $300 million in Bitcoin and the $TRUMP meme coin, raising ethical concerns due to Trump’s involvement and potential conflicts of interest.
Largecaps still offer margin of safety amid broader re-rating: Harish Krishnan
Harish Krishnan from Aditya Birla Sun Life AMC shares insights on market dynamics. He highlights the shift from macro to micro factors like earnings and capital expenditure. Krishnan anticipates a moderation in global tariff war fears. He suggests focusing on sectors like private banks, FMCG, and chemicals.
Gold Price Today: Gold prices witness profit booking, trade lower by Rs 450/10g, silver down by Rs 700/kg
Gold and silver prices see a dip as investors book profits. This follows a rise due to cooling US inflation. MCX gold futures trade lower. Silver futures also experience a decrease. Earlier gains occurred after positive inflation data. Geopolitical factors and US-China trade talks influence prices. Experts suggest specific trading ranges for gold and silver.
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September 2021. This move reflects LIC’s confidence in the bank’s performance, which recently reported a significant surge in profit for the March quarter.