International funds shine with up to 20% gains on last week’s returns scorecard
Equity mutual funds offered returns of up to 20% in the last week (September 30 – October 4). Among the top 20 schemes, international funds stood out. Here are the top 5 funds: (Source: ACE MF)
Dalal Street Week ahead: Is Nifty 50 poised for a short-term recovery?
Markets experienced significant selloff amid FII outflows, geopolitical tensions, and SEBI rule changes, resulting in a 4.45% drop in the Nifty 50. Technical indicators suggest potential support at 25,000 levels, with a cautious outlook advised for the coming week.
FIIs sell Indian stocks worth Rs 31,000 crore in 3 days. Will it get worse?
Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.
F&O Talk: Geopolitical tensions push Nifty below 50 DEMA—Buy or wait? Explains Sudeep Shah of SBI Securities
Nifty50 and Sensex fell over 4% due to Middle East tensions and a shift of FII funds to cheaper Asian markets. IT stocks remained resilient amid this decline. Retail investors are advised to be cautious and avoid bottom fishing in Mid and Small Caps. Sectors such as healthcare, pharma, and IT are showing strength.
IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve
Indian IT companies are projected to see up to 4% revenue growth for the quarter ending September 30, 2024. Analysts foresee positive trends for FY25, with large-cap firms anticipated to show stable or slight increases in earnings, driven by volume growth and new deals.
11 small-cap stocks plunge over 10% in just one week
During the week ending October 4, the Sensex dropped by 4.5%, and the smallcap index fell by 2%. However, 11 smallcap stocks saw declines of over 10% during this period. (Data Source: ACE Equity)
Stock to watch: Vedanta shares in focus next week as board to consider fourth interim dividend on Oct 8
Vedanta is set to consider and possibly approve its fourth interim dividend for FY25 during a board meeting on October 8, 2024. The record date for determining shareholder eligibility is October 16. The company has reached milestones in aluminium and zinc production. Shares closed unchanged at Rs 508.90 on Friday.
NBCC, Jupiter Wagons among 10 stocks with record dates for dividend, split this week. Do you own any?
Upcoming key corporate actions this week include dividends from Jupiter Wagons and KP Energy, bonus issues by NBCC (India) and Power Mech Projects, and stock splits for Jindal Saw, New Light Apparels, and Rajnish Retail. Record dates are set for these events, determining shareholder eligibility.
IDFC Ltd shares to cease trading from October 10 on merger with IDFC First Bank
IDFC Ltd shares will be suspended from trading effective October 10, 2024, due to its amalgamation with IDFC First Bank. IDFC shareholders will receive 155 shares of IDFC First Bank for every 100 shares of IDFC. Current F&O contracts will expire on October 9, 2024.
5 smallcap stocks with 5-day winning streak despite market dip
In the last five trading sessions leading up to October 4, the Sensex index dropped by around 4.8% or 4,148 points, closing at 81,688, with declines in all sessions. Despite this sharp decline, ETMarkets identified five stocks from the BSE smallcap segment that saw consistent price increases during this period. (Data Source: ACE Equity)