Still avoiding PVs in auto and FMCG, negative on IT; hospitality a better play on GST: Dinshaw Irani
Helios Mutual Fund is adjusting its portfolio. The focus is shifting towards electric vehicle two-wheeler companies. A new addition in this space is expected soon. The fund remains cautious on passenger vehicles and negative on the IT sector due to US uncertainty and AI impact. FMCG is avoided due to growth concerns.
Midcaps, consumption and cement to lead market upside in H2: Pankaj Pandey
Pankaj Pandey suggests a promising second half for Indian markets, anticipating Nifty levels around 27,000. Cement and auto sectors are poised for growth, fueled by GST benefits. While cautious on insurance due to margin pressures, AMCs like HDFC AMC and Nippon appear attractive. Real estate sees potential in tier-II players and home-building products, favoring DLF […]
Short-duration and accrual strategies better positioned amid abundant liquidity, says Devang Shah of Axis MF
Devang Shah of Axis Mutual Fund suggests short-duration strategies for better yields. A recent rating upgrade offers a slight boost, but won’t drastically change corporate bonds. Foreign capital flow impact will be moderate. RBI is likely to maintain a neutral policy. Investors should monitor currency dynamics and trade relationships.
SBI’s home loan rate hike may delay purchases, impact first-time buyers the most: Yugen Infra
State Bank of India’s decision to increase home loan rates could affect the housing market. Amit Mamgain of Yugen Infra suggests first-time buyers may delay purchases. Demand might shift towards more affordable options. Developers may need to adjust their strategies. They may focus on smaller homes and creative payment plans. Partnerships with banks could help […]
Dividend record date: Last chance to buy shares of Godfrey Phillips, IRCTC, other 50 companies for eligibility
Indian investors seeking dividends have a final chance to buy shares. Friday is the record date for eligibility. Godfrey Phillips India leads with a Rs 60 per share dividend. IRCTC, LIC Housing Finance, and Lodha Developers also announced payouts. Numerous other companies across sectors declared dividends. This includes ABM Knowledgeware, AGI Greenpac, and Jindal Stainless.
Oil prices gain as US inventory withdrawals point to strong demand
Oil prices experienced a slight increase due to a larger-than-expected decline in U.S. crude oil and fuel inventories, signaling strong demand. Despite this positive sentiment, concerns persist as negotiations to resolve the Russia-Ukraine conflict remain ongoing, potentially impacting Russian oil supplies and leading to further sanctions.
Dollar drifts as investors ponder Fed independence ahead of Powell speech
The U.S. dollar remained stable amidst concerns about President Trump’s repeated criticism of the Federal Reserve, specifically targeting Governor Lisa Cook. Investors are closely watching Fed Chair Jerome Powell’s upcoming speech for hints about potential rate cuts, especially after a weak jobs report.
RBI proposes new Counterparty Credit Risk norms for banks in derivatives trading
The Reserve Bank of India (RBI) has proposed new Counterparty Credit Risk (CCR) norms for banks acting as clearing members in equity and commodity derivatives exchanges. These draft norms, aligning with global Basel standards, introduce higher risk weights for longer-tenor and more volatile instruments.
India’s renewable energy sector set for Rs 25,000 crore IPO surge
Indian renewable energy companies are preparing for significant fundraising through IPOs. Several companies like Emmvee Photovoltaic and Juniper Green Energy await SEBI approval. NTPC Green Energy’s successful listing has boosted the sector. Experts believe this signals the sector’s maturity. Companies will use IPO proceeds for capacity expansion. This surge in activity is driven by India’s […]
Promoters may offload 24% stake in Clean Science for over Rs 2,626.5 crore
Ashok Boob and Krishnakumar Boob, promoters of Clean Science and Technology, are planning to sell a 24% stake in the company through a block deal on exchanges this Thursday. The deal, brokered by JP Morgan India, involves the sale of 2.55 crore shares and could fetch over ₹2,626.5 crore. The floor price is set at […]