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Equity mutual fund to shift to T+2 settlement cycle from Feb 1

From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30

Edelweiss Mutual Fund launches short duration index fund

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30

Will these mutual funds help me to retire at 45?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30

ITI Mutual Fund launches ITI Flexi Cap Fund

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30

Why investors should add flexi cap funds to their portfolio

This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30

DLSS in Budget 2023? Should you invest in DLSS or ELSS?

Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30

Right mutual funds for a 51-year-old investor

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30

28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years

The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30

Will Budget 2023 bring in tax parity between mutual funds and ULIPs?

Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30

Should you invest in Equity Savings Funds?

Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolioâ€™s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30

HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore

As of December 31, 2022, 66% of the companyâ€™s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30

Manish Gunwani appointed as Head-equities at IDFC Mutual Fund

Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30

3 ways to reduce financial anxiety in 2023

Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond oneâ€™s control.
2023-01-24T14:44:13+05:30

Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers

According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30

Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30

Budget 2023 should bring tax parity between mutual funds and NPS

To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30

IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO

The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30

Gold ETF Inflow Slumps in 2022 on Rising Prices

"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30

Gold and silver funds offer double-digit returns. Should you invest?

There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30

Fund review: PGIM India Midcap Opportunities Fund

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30

The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?

A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30

Insurers want NPS tax exemption for their pension schemes, too

"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30

Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan

Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30

10 new mutual fund offers or NFOs currently open. Should you invest?

Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30

Small cap index schemes with low tracking error, expense ratio

There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30

Fed to deliver two 25-basis-point hikes in Q1, followed by long pause

In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30

Best mutual funds to build retirement corpus

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30

Will debt mutual fund investors get better returns in 2023?

Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30

Multi asset allocation funds attract large inflows. Are they worth your money?

Many fund houses launched multi asset funds recently and some more are in the pipeline. In this scenario, the question is- are multi asset allocation funds really worth the hype?
2023-01-19T09:53:02+05:30

Best medium duration mutual funds to invest in 2023

As per Sebi mandate, medium duration funds must invest debt in and money market instruments with Macaulay duration of three and four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more.
2023-01-19T09:07:10+05:30

Fed policymakers call for further rate hikes to beat inflation

The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.
2023-01-19T07:59:03+05:30

Best medium to long duration funds to invest in 2023

Long term funds lose money when the interest rates are going up. However, they make double-digit returns when the rates starts to fall . If you can take risk, here are our picks for 2023.
2023-01-18T14:19:56+05:30

Will these mutual funds help me to make Rs 1 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-18T12:26:13+05:30

International funds offer 16.49% in three months. What should be your strategy?

Out of 69 schemes that have been in the market, 44 schemes have offered double-digit returns in the last three months. The top performers in this category were technology ETFs. Mirae Asset Hang Seng TECH ETF has offered the highest return of 39.97% in the three-month duration, followed by Mirae Asset Hang Seng TECH ETF FoF which offered 39.25% returns.
2023-01-18T11:30:10+05:30

"International funds offer attractive diversification opportunities," says Anil Ghelani of DSP Mutual Fund

Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.
2023-01-18T10:25:56+05:30

How does an actively managed scheme differ from passive scheme?

The active versus passive debate is raging in mutual fund circles. Here is a primer on how an actively managed scheme works and how it differs from a passive scheme.
2023-01-18T08:47:57+05:30

WhiteOak Capital Mutual Fund launches Balanced Advantage Fund

According to the press release, the fund houseâ€™s proprietary model will provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market.
2023-01-17T14:05:19+05:30

Mid cap index schemes with low tracking error, expense ratio

There are 11 index schemes in the mid cap mutual fund category, according to Ace Mutual Fund database. These schemes are benchmarked against Nifty Midcap 150 - TRI, Nifty Midcap 50 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI.
2023-01-17T11:29:46+05:30

Baroda BNP Paribas Mutual Fund launches NIFTY SDL December 2026 Index Fund

The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. The maturity of the scheme will be December 31, 2026.
2023-01-17T10:30:03+05:30

Asset allocation is key in 2023, says Chirag Mehta of Quantum Mutual Fund

We are optimistic on Autos, not only from a valuation perspective but from a growth perspective also. Apart from autos, banking is expected to do well as credit growth is picking up. Third sector that is a value buy is IT.
2023-01-17T10:11:41+05:30

DSPâ€™s Aparna Karnik on what it means to invest in a quant fund

â€œFinancials is the largest sector in our portfolio because we anchored the fund weights around the index weights to the extent possible. So the top five sectors in the fund will also be the top five sectors in the index. We are focussed on quality as the core anchor of the stock selection and these type of stocks tend to be less vulnerable to economic cycles.â€
2023-01-17T09:51:47+05:30

SIP collection jumps 31% to Rs 1.5 lakh cr in 2022 on higher retail participation

The SIP book has grown consistently from Rs 11,305 crore in December 2021 to an all-time high of Rs 13,573 crore in December 2022. This was also the third time in a row, when monthly SIP contributions touched over Rs 13,000-crore.
2023-01-17T08:48:28+05:30

Alpha Alternatives Fund Advisors seeks Mutual Fund licence, files application with Sebi

According to the latest update with the Securities and Exchange Board of India (Sebi), Alpha Alternatives filed its applications with the regulator on November 8, 2022.
2023-01-17T08:32:48+05:30

Top large cap index schemes with low tracking error, expense ratio

There are 54 index schemes in the large cap mutual fund category.These schemes are benchmarked against Nifty50, S&P BSE Sensex, Nifty50 Equal weight Index, Nifty100 Low Volatility30 Index Fund, Nifty100, Nifty100 Equal Weight Index, Nifty Next50 Index, among others.
2023-01-16T13:34:54+05:30

Tata Mutual Fund launches Tata Multicap Fund

The New Fund Offer (NFO) opens for subscription on January 16 and closes on January 30. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.
2023-01-16T10:07:01+05:30

4 themes this midcap fund manager is betting on in first half of the year

â€œWe should be prepared for a reasonably volatile first half followed by rebound or a positive back half of the year. In the volatile first half, one should invest in tranches and there are four or five themes that I would be bullish on investing in from a 3-year perspective.â€
2023-01-16T09:09:47+05:30

HDFC Taxsaver Fund: Fund review

The fund has seen a sharp shift towards outperformance in past two years, aided by the market tilt towards value stocks. It remains to be seen if the fund can sustain improvement in return profile over the long run.
2023-01-16T06:30:00+05:30

Active vs passive mutual funds: Where should you invest?

Persistent lag in several actively managed funds cannot be ignored. Focus on investing principles before pursuing either path.
2023-01-16T06:30:00+05:30

BSE StAR MF accounts for 76 pc of net equity inflow, 50% of new SIP in December

BSE Star MF has also processed 37.75 lakh transactions on December 12, 2022, surpassing its previous best single-day record of 34.29 lakh transactions on October 10, 2022.
2023-01-14T09:29:48+05:30

Best gilt mutual funds to invest in 2023

As per Sebi norms, these schemes must invest 80% of their corpus in government securities. Since these schemes invest in government papers or they lend to the government, they donâ€™t have any credit risk or they face zero defaults.
2023-01-13T11:51:07+05:30

Daily Voice | Five sectors may get most weightage in Budget 2023, says Chairman of Anand Rathi Group

Anand Rathi of Anand Rathi Group anticipates the budget to place a significant emphasis on boosting rural consumption.
Sat, 28 Jan 2023 09:08:34 +0530

Daily Voice | This CIO underscores 3 factors equity investors will focus on in Budget 2023

Fiscal consolidation, policy reforms and higher capital expenditure to support growth are likely to be high on the finance ministerÃ¢Â€Â™s agenda, says the Chief Investment Officer-Equities.
Fri, 27 Jan 2023 09:42:02 +0530

Daily Voice | Equity investors to focus on these 3 factors in Budget 2023, says Trideep Bhattacharya of Edelweiss Asset Management

Fiscal consolidation, policy reforms and higher capital expenditure to support growth are likely to be high on the finance ministerÃ¢Â€Â™s agenda, says the Chief Investment Officer-Equities.
Thu, 26 Jan 2023 09:59:13 +0530

Daily Voice | FM likely to focus on these 5 key policy measures in Budget 2023, says this market strategist

The government may increase allocations for capital expenditure, production-linked incentive schemes and MNGREGA while providing tax relief to the middle class, says Gaurav Dua of Sharekhan by BNP Paribas.
Wed, 25 Jan 2023 09:38:54 +0530

Daily Voice | FM likely to focus on these 5 key policy measures in Budget 2023, says this market strategist

The government may increase allocations for capital expenditure, production-linked incentive schemes and MNGREGA while providing tax relief to the middle class, says Gaurav Dua of Sharekhan by BNP Paribas.
Wed, 25 Jan 2023 09:38:54 +0530

Budget 2023 Expectations: Daily Voice: Ahead of Budget 2023, fiscal consolidation and nature of government expenditure under the spotlight

Budget 2023 Expectations: Achieving the balance between fiscal prudence and supporting long-term growth and investments in the economy should be the priority of the Finance Minister, said Tejas.
Tue, 24 Jan 2023 09:24:42 +0530

Daily Voice: Budget 2023 may provide income tax relief to middle class

Budget 2023: Since salaried employees are an important source of revenue and this is the last budget before elections, the finance minister may provide relief to the middle-class, feels Anil Rego of Right Horizons.
Mon, 23 Jan 2023 09:25:13 +0530

Daily Voice | Two announcements in Budget can foster long-term optimism on D-Street, says this investment strategist

Indian manufacturing exports are likely to grow at a fast pace over the next 3-5 years and beyond.
Sun, 22 Jan 2023 10:05:48 +0530

Daily Voice | Two announcements in Budget can foster long-term optimism on D-Street, says this investment strategist

Indian manufacturing exports are likely to grow at a fast pace over the next 3-5 years and beyond.
Sun, 22 Jan 2023 10:05:48 +0530

Daily Voice | Budget 2023 will be a market event only if there is change in capital gains tax, says this CIO

Research RankingÃ¢Â€Â™s Chief Investment Officer Jaspreet Singh Arora expects the Union Budget to announce measures to boost rural demand and thinks road, rail and defence sectors will benefit from the government#39;s spending push
Sat, 21 Jan 2023 10:54:56 +0530

Daily Voice | This investment expert feels Budget 2023 could be a blockbuster

Indian markets will continue to outperform the global market going forward. Therefore, this is the ideal time to act aggressively rather than waiting for a correction.
Fri, 20 Jan 2023 09:24:35 +0530

Daily Voice | This investment expert feels Budget 2023 could be a blockbuster

Indian markets will continue to outperform the global market going forward. Therefore, this is the ideal time to act aggressively rather than waiting for a correction.
Fri, 20 Jan 2023 09:24:35 +0530

Budget 2023 will be capex-oriented, says Rajesh Cheruvu of LGT Wealth

Sectorally with expectations of the FY24 Budget to remain capex-oriented, industrial and infrastructure should remain in focus. Power, railways, shipping, defence and roads remain favourable sectors.
Thu, 19 Jan 2023 09:49:51 +0530

Daily Voice: Don#39;t expect dramatic changes in market after Budget 2023, says this expert

"The impact of the budget has weakened over the years. There may be some short-term effects from CGT changes, but we do not expect any significant change in the trajectory of the markets after the budget," said Seshadri Sen of Alchemy Capital Management,
Thu, 19 Jan 2023 08:10:50 +0530

Daily Voice | Public capex, infra, rural spending to dominate Budget 2023, says this CIO

Investors will have to build a case for another year of modest returns and take advantage of days with high volatility to build a long-term portfolio.
Wed, 18 Jan 2023 09:17:59 +0530

Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO

2023-01-28T22:37:34+05:30

India should catch up with global peers once Union Budget is over: Safir Anand

"If you have a global portfolio and your portfolio starts going up, then your allocation to India as a percentage will fall and there is no doubt in the world that India is going to grow, the debates are not on growth, it is on issues that seem to be more temporary in nature."
2023-01-28T17:58:01+05:30

Adani Enterprises says $2.5 billion share sale on track even as bankers mull changes

Bankers on the deal were considering extending the sale or cutting the issue price after shares of Adani plunged following a report from a U.S. short seller, three people familiar with the matter told Reuters on Saturday.
2023-01-28T17:02:17+05:30

$1.5 billion outflows likely if Adani groupâ€™s weight in MSCI index halved: Nuvama

If the index provider intends to exclude the stocks and a few of the names continue to trade at lower circuits with no liquidity, then MSCI can postpone their exclusion until there is enough liquidity visible on the counter.
2023-01-28T16:58:08+05:30

Two Adani group stocks Nooresh Merani is betting on

If you are an investor, go ahead and deploy 40-50% of the cash and the rest post Budget. As a trader, you cannot take a lot of trading positions because you do not want to be on a gap up or a gap down without a view and an event is not something you have a view on because if you are trading technical, you are trading momentum and as of now the momentum is on the downside.
2023-01-28T15:40:01+05:30

NTPC Q3 Results: PAT rises 5% YoY to Rs 4,476 crore; board approves Rs 4.25/share dividend

The power generatorâ€™s operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 36% YoY to Rs 13,239 crore, but the operating margin dipped 16 basis points to 31.97%.
2023-01-28T15:35:28+05:30

In Hindenburg vs Adani clash, will banks emerge as biggest casualty?

According to the American research firm, 4 of the group companies â€“ Adani Green Energy, Adani Total Gas, Adani Transmission, and Adani Enterprises have negative free cash flows.
2023-01-28T15:33:01+05:30

How Nifty has fared over last 10 years on Budget day under different finance ministers

2023-01-28T14:49:42+05:30

Union Budget 2023: Expect modest fiscal consolidation

We expect the fiscal deficit to consolidate to 5.8% of GDP in FY24. Gross tax revenue growth is likely to moderate ~7% in FY24 (vs. estimated 11% in FY23). While direct tax and GST buoyancy could stay healthy in FY24 and RBI dividend could improve, we could see moderation in other components of indirect taxes, marginally lower PSU dividend and spectrum-related telecom receipts. The Disinvestment pipeline has also cooled off after the LIC stake sale.
2023-01-28T14:46:29+05:30

Bankers on Adani $2.5 billion share sale consider delay, price cut after rout

Seven listed companies of the conglomerate controlled by one of the world's richest men, Gautam Adani, have lost a combined $48 billion in market value since Hindenburg Research on Tuesday flagged concerns about debt levels and the use of tax havens.
2023-01-28T14:39:28+05:30

Dalal Street Week Ahead: How to navigate highly volatile Budget week?

Nifty has violated the 20-Week MA on the weekly charts and also the 100-DMA. In the process, the index has dragged its resistance points lower. The coming week has strong resistance at 17,750 and 17,860 levels. Supports come in at 17,400 and 17,250 levels.
2023-01-28T14:09:36+05:30

ETMarketsâ€™ Investors Guide: Investing strategy for Budget day

2023-01-28T14:03:33+05:30

Union Budget expectations: Pragmatism & hope

With over 60 insurers between life and general insurance and a large number of them being joint ventures, there is really an acute shortage of local partners, who either have the ability or the inclination to get into this space.
2023-01-28T13:39:19+05:30

Track Record: Why Nifty may cheer investors after Budget

The main reason behind this phenomenon is the uncertainty regarding the Budget. Investors tend to tread lightly before the event. Profit booking by market participants causes the prices to plunge a week before the Budget, discounting all the fears that investors have.
2023-01-28T13:20:32+05:30

Budget needs to incentivise retail participation to invest in sovereign bonds

The Finance Minister should incentivise retail participation by bringing some tax advantages for those who at least are investing in the sovereign bonds and state development loan papers (SDLS), Thus, getting more retail money for government fundraising and meeting its fiscal deficit.
2023-01-28T12:23:40+05:30

Market may remain in a sell-on-rally mode till Nifty stays below 17,850: Rupak De

After two days of back-to-back big red candles, the market participants may prefer waiting before the big day. Therefore, a range-bound movement before the budget looks very much possible.
2023-01-28T11:57:45+05:30

If I were FM: Dr Vikas Gupta highlights 7 suggestions for Budget 2023 to boost growth & digital transformation

To accelerate the growth of railways under the NRP 2030 I am increasing the budget to INR 2 lakh crore. The focus will be on accelerating the Dedicated Freight Corridors and also increasing the pace of the Bullet Train (high speed) and Vande Bharat (semi-high speed) railway projects.
2023-01-28T11:47:20+05:30

What to expect from the upcoming Union Budget 2023 as an AIF Asset Manager

Accreditation of investors has been introduced by SEBI as a way to determine investor maturity and therefore reduce investment ticket size. With the increase in private wealth and the growth of HNIs, it is necessary to provide a significant policy push to this initiative. If accreditation becomes â€œdigitalâ€ and hence instantaneously verifiable, the impact on deepening AIF penetration could be transformational.
2023-01-28T11:34:37+05:30

Teslaâ€™s best week since 2013 spurs bets that worst is over

A big hurdle for the stock will come next week when the Federal Reserve is expected to raise rates and will give a sense of the path forward for future hikes. A hawkish tone could derail Teslaâ€™s strong start to the year.
2023-01-28T11:24:39+05:30

These 5 Adani Group companies have over Rs 81,000 crore bank debt

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2023-01-28T10:56:55+05:30

Tata Motors among 5 stock ideas that can rally up to 35%: Yes Securities

2023-01-28T10:28:44+05:30

ET Explained: India completes transition to T+1 settlement cycle

Globally, T+2 system is still the most dominant one with most of the developed markets such as the US, Japan and Germany following the longer settlement cycle. Even the majority of the emerging markets follow the same standard.
2023-01-28T10:26:15+05:30

MSCI seeks feedback on Adani Group over Hindenburg report

Adani Group did not immediately respond to Reuters request for comment. It has dismissed the Hindenburg report as baseless and said it was considering whether to take legal action against the New York-based firm.
2023-01-28T10:16:09+05:30

Mind Over Money: 30-60 minutes of meditation daily help this head of investments manage stress

Even though the modality or the forms may change, the determination to keep aside 30 minutes - 1 hour every day - remains unchanged. Learning about the experience of many, a 10-day vipassana meditation is on my list. Not sure when but I am certain I want to experience it.
2023-01-28T10:14:30+05:30

Adani stocks fall for second straight day, bonds too hit

While Adani Total Gas, Adani Energy, and Adani Transmission shares plunged 20%-the lowest levels of the day, Adani Ports and Adani Enterprises dropped 16% and 19%, respectively. Adani Power and Adani Wilmer shares dropped 5% each.
2023-01-28T09:58:13+05:30

Tiny crypto ETFâ€™s 100% surge puts it atop best-performers race

The slew of bad news has been relentless for the industry â€”from companies filing for bankruptcies to those laying off large chunks of their staff. Still, crypto faithfuls maintain belief in the coin even as the industry grapples with one of its darkest stretches yet amid the fallout from the FTX implosion.
2023-01-28T09:57:28+05:30

Wall Street ends higher, notches weekly gains as Fed meeting looms

The Commerce Department's hotly anticipated personal consumption expenditures (PCE) report arrived largely in line with consensus, showing softening demand and cooling inflation - which is exactly what the Federal Reserve's restrictive interest rate hikes are intended to accomplish.
2023-01-28T09:36:25+05:30

Wall St Week Ahead: Recession fears pose challenge to energy shares after stellar year

Economists and analysts in a Reuters survey forecast U.S. crude would average $84.84 per barrel in 2023, compared to an average price of $94.33 last year, citing expectations of global economic weakness. U.S. crude prices recently stood at around $80 per barrel.
2023-01-28T09:30:12+05:30

Adani loan exposure fears hit big bank shares

"The market seems to be looking at some adverse scenarios of banks' exposure to the Adani Group especially when their share prices are falling," said Siddarth Bhamre, head of research Religare Broking. "That is weighing down the risk appetite for bank shares."
2023-01-28T09:28:56+05:30

This sector drove in top gear over bears to clock best weekly returns

Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.
2023-01-28T09:22:09+05:30

SBI says Adani exposure well below RBI limit

"While as a matter of policy we don't comment on individual clients, in the interest of setting the context right, we wish to clarify that SBI's exposure to Adani group is well below the Large Exposure Framework," said SBI's managing director in charge of corporate banking and subsidiaries, Swaminathan J. "All exposure to the group from SBI is secured by cash generating assets with adequate escrow mechanism in place, hence debt service will not be a challenge."
2023-01-28T09:20:30+05:30

Rout in Adani Group stocks, banks drags down indices

The Sensex closed at 59,330.90, down 874.16 points, or 1.45%, from the previous close, after briefly slipping below 59,000 during Friday trade. The Nifty fell 287.60 points, or 1.61%, to end at 17,604.35. Both indices posted their biggest single-day fall in four months to retreat to levels last seen at the end of October 2022.
2023-01-28T09:15:20+05:30

Adani Enterprisesâ€™ FPO gets a muted start

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30

India weighs Norway funds decision to sell Bel shares

Norway's sovereign wealth fund Norges Bank Investment Management, one of the world's largest, has divested its shares in Bharat Electronics Limited (Bel) for selling weapon systems to the Myanmar junta. The Indian government is studying the move made by the Fund as Norway is emerging as a key economic partner from northern Europe.
2023-01-27T23:42:05+05:30

L&T Q3 Results Preview: Order inflows to fall sharply, here's what else to expect

2023-01-27T21:43:48+05:30

Intel's 'historic collapse' set to erase $10 billion from market value

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.
2023-01-27T21:36:09+05:30

Aditya Birla Sun Life AMC Q3 Results: PAT drops 11% YoY to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing.
2023-01-27T21:17:33+05:30

Fed seen ending rate hikes by March as inflation slows

The U.S. central bank's preferred gauge for inflation, the personal consumption expenditures (PCE) price index, rose 5.0% in December from a year earlier, slower than the 5.5% 12-month gain as of November, the government reported on Friday, and the lowest level since September 2021.
2023-01-27T21:13:15+05:30

Sebi bans 19 entities from securities mkt for fraudulent trading in Superior Finlease shares

Any person indulging in spreading misinformation or false and misleading information through the use of social media messaging applications like Telegram, Whatsapp etc., which are being used by millions of people can cause irreparable damage to the integrity of the securities market within a short span of time like a forest fire, thereby eroding the confidence of the investors in the securities market in a matter of no time," Sebi noted.
2023-01-27T20:50:02+05:30

US stocks open lower on Intel warning, inflation data limits fall

The S&P 500 opened lower by 6.71 points, or 0.17%, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36%, to 11,470.47 at the opening bell.
2023-01-27T20:16:02+05:30

Bajaj Finance Q3 profit jumps 40% YoY to Rs 2,973 crore

The consolidated results include the earnings of its wholly owned subsidiaries -- Bajaj Housing Finance, Bajaj Financial Securities, and its associate company Snapwork Technologies.The asset quality of the non-banking finance company improved with gross non-performing assets falling to 1.14% at the end of December against 1.73% a year back. Net NPA was at 0.41% against 0.78%.
2023-01-27T20:12:42+05:30

Sebi bans 24 entities from securities mkt for 3 yrs in Sulabh Engineers matter

Accordingly, Sebi has barred the entities "from accessing the securities market for a period of three years ... and are also prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for the same period"
2023-01-27T20:06:55+05:30

US GDP rose 2.9% in Q4 after a year of high inflation, Will Fed pause now?

2023-01-27T20:00:18+05:30

These 5 IT stocks touched new 52-week low on Friday

2023-01-27T19:39:05+05:30

Zerodha to improve liquidity in auction markets: Nithin Kamath

To settle short-delivered trades, exchanges conduct a 30-minute auction from 2 PM on T+1 (used to be T+2). If the short-delivered stock is a mid or small-cap stock, then the price can trade as much as 20% away from the current market price due to low participation in auctions
2023-01-27T19:36:49+05:30

Market Watch: FIIs sell Indian stocks worth nearly Rs 6,000 crore

2023-01-27T19:36:42+05:30

Hindenburg impact: Adani Enterprises FPO subscribed just 1% on Day 1

The company received total bids of 4,70,160 shares against the issue size of 4,55,06,791 shares. The portion reserved for retail investors got bids for 3,99,880 shares against 2,29,08,464 shares on offer.
2023-01-27T18:24:14+05:30

LIC doubles down on Adani amid short seller row

State-controlled Life Insurance Corp. of India is spending about 3 billion rupees ($37 million) as an anchor investor in a $2.5 billion new share sale by Adani Enterprises Ltd., according to a filing. The investment would add to its current holding of 4.23%.
2023-01-27T18:14:19+05:30

Who is behind Hindenburg, the company that is shorting Adani?

Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, Hindenburg says it looks for "man-made disasters," such as accounting irregularities, mismanagement and undisclosed related-party transactions. The company invests its own capital
2023-01-27T17:58:18+05:30

Gold falls Rs 70; silver jumps Rs 451

Gold prices fell due to a strong US economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Fed officials are expecting the rates to be above 5 per cent by the end of this year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said
2023-01-27T17:52:42+05:30