PN Gadgil Jewellers stock debuts at a premium of 72.9% on NSE
The offer was a fresh issue of ₹850 crore and an offer for sale of ₹250 crore. The company had a market capitalization of ₹10,692.5 crore at close on Tuesday.
Crypto-based platform to Wager on US Prez poll
The trading firm Wintermute Trading, which offers liquidity for digital assets by buying and selling them in the crypto market, is collaborating with crypto risk manager Chaos Labs to launch a betting market next week that will focus on the outcome of the contest.
FPIs make a beeline for India in September on hopes of Fed rate cut
Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.
Brokerage Investec begins coverage on Adani Green Energy
The brokerage said that AGEL’s growth will primarily be led by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan respectively, where it has access to large resource rich land banks along with evacuation facilities. It will take the total production capacity to 50+GW by FY30.
100 days of Modi 3.0 government: Sensex up 6,300 points, 18 smallcaps turn multibagger
In the first 100 days of Modi 3.0, Sensex surged 8.2% with BSE Smallcap up 18%. Top smallcaps like Refex Industries soared 221%. Investors are cautious due to tax hikes and policy risks.
Nilesh Shah’s market musing: Experienced investors making less money, how long can this continue?
Experienced investors are making less money compared to retail investors in the current market, says Nilesh Shah of Kotak Mahindra AMC. He attributes this to conservative betting and warns of potential corrections in overvalued stocks. Shah advises moderating return expectations as market fundamentals remain strong.
Looking for strategic asset selection? These mutual funds offer 14% return in 3 months
Consumption mutual funds have shown strong performance, offering an average return of 13.73% in three months. Kotak Consumption Fund led with a 17.97% return, while Tata India Consumer Fund delivered 16.90%. Experts attribute this to favorable economic conditions and strategic asset selection. Investors are advised to consider their risk tolerance before investing.
Mutual funds were sitting on Rs 1.86 lakh crore cash pile in August
Around five fund houses were sitting on more than Rs 10,000 crore cash pile last month. Among 43 mutual fund houses, SBI Mutual Fund had the highest cash allocation in its portfolio as of August 2024. The largest fund house had Rs 30,675 crore cash in its portfolio which was 4.33% of the total AUM.
US Fed meeting begins. Does stock market need a 25 or 50 bps rate cut?
The US Federal Reserve begins a crucial two-day meeting to decide on interest rate cuts. Investors are keenly watching whether Jerome Powell will opt for a 25 or 50 basis point cut. The outcome will significantly impact stock prices, depending on Powell’s motivations and the economic outlook.
RIL, SBI, TCS among top 10 stock holdings of SBI Mutual Fund in August
SBI Mutual Fund held a 6.4% allocation in RIL in August.