ICICI Pru’s Anish Tawakley moves to DSP Asset Managers
Anish Tawakley, co-chief investment officer for equities at ICICI Prudential Asset Management Co., has resigned from his position. He managed a significant ₹1.07 lakh crore across several funds, including the Large Cap and Small Cap funds. Tawakley is now slated to join DSP Asset Managers as its chief investment officer.
Tactical Play: Investors can consider gilt funds with bond yields elevated
Investors can now consider gilt funds for tactical fixed income allocations. Long-tenure government bond yields have risen, offering attractive opportunities. Fund managers suggest current yields on the 10-year G-Sec present a sensible entry point. This move aims to capture elevated yields and potential capital appreciation. Investors can benefit from coupon payments and rising bond prices […]
D-Street likely to raise more toasts to US deal
Indian stock markets are set for a positive start on Monday. This follows the announcement of a broad India-US trade deal over the weekend. Positive global cues, including a strong Wall Street performance, are also supporting the market. Sectors expected to benefit from the deal may see investor interest.
Goldman traders warn stock selling isn’t over
US stocks face renewed selling pressure this week from algorithmic funds, according to Goldman Sachs. These trend-following strategies are expected to remain net sellers, potentially triggering billions in outflows. Investor sentiment remains high, with markets nearing “max fear” despite a recent S&P 500 rebound.
Nifty likely to stay firm, 26,000–26,300 key hurdle: Analysts
Nifty is expected to maintain a positive bias, with 25,800 as a key level and resistance around 26,000–26,300. Support is seen at 25,200–25,450, with market action driven by stock- and sector-specific moves. Analysts suggest a moderately bullish Bull Call Spread strategy for February 10 weekly expiry.
Seafood stocks dip amid margin pressure and competition
Seafood stocks saw a dip after a rally, despite a positive medium-term outlook from the India-US trade deal expected to boost marine exports. Investors remain cautious due to near-term margin pressures and intense competition. The deal’s success hinges on ongoing negotiations and the US tariff stance for other exporters, crucial as the US is India’s […]
LLP registrations cross 10,000 mark for first time in Jan
Monthly registrations for Limited Liability Partnerships (LLPs) surpassed 10,000 for the first time in January, a 60% year-on-year increase. Company incorporations also saw a significant jump of nearly 39%. These surges are attributed to a strong domestic growth outlook, boosted by recent trade deals with the US and EU, and favorable tax policies.
US trade deal framework to boost investor confidence, strength capital flows, deepen markets: BSE chief
The successful conclusion of an interim trade framework agreement between India and the US will boost investor confidence, strengthen the foundation for capital flows, and deepen market participation as India integrates further with the world economy–directly advancing the vision of Viksit Bharat, said Sundararaman Ramamurthy, MD and CEO, Bombay Stock Exchange (BSE).
Mcap of 8 of top 10 valued firms surges by whopping Rs 4.55 lakh cr; Reliance biggest winner
The combined market valuation of eight of the top 10 valued firms jumped by a whopping Rs 4.55 lakh crore last week, with Reliance Industries emerging as the biggest winner, in line with a remarkable rally in equities.
FPIs turn net buyers in Feb; invest Rs 8,100 cr in a week on US trade deal
After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, infusing more than Rs 8,100 crore in Indian equities, aided by improving risk sentiment, along with a trade deal with the US.