Mutual fund fees and brokerage caps proposed by the capital markets regulator sent shares of brokerage firms and asset management companies tumbling. Investors fear a significant hit on revenues and profitability, with Jefferies estimating a 30-33% earnings impact on some AMCs. Mutual fund officials anticipate brokerages and distributors will bear the brunt of these changes.
Cement stocks rally on hopes cos will pass on rise in costs
Cement stocks saw a surge today. Manufacturers are likely to increase prices to cover rising fuel expenses. This move is expected to provide some immediate