Page 2004 - Markets News

Mutual fund penetration in India among lowest, shows Jefferies report

An analysis done by Jefferies shows India's MF AUM as a percentage of GDP at 12 per cent is among the lowest and a fraction of global average of 63 per cent

HDFC Sec says tech glitch resolved, probe on to find root cause; ops normal

Leading stock exchanges NSE BSE said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in NSE cash segment

Sensex, Nifty rebound as yield pressure eases; ONGC, UltraTech gain

The progress in the US stimulus package and gross domestic product (GDP) growth in India for the quarter ended December 31, after two consecutive quarters of contraction, also helped sentiment

Cayman Islands' grey list tag may hurt FPI investments into India

FPIs from the region will face stricter KYC, may have to furnish updated ultimate beneficial ownership info for all investors holding over 10% in the fund as opposed to 25% now

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Rising Covid-19 cases likely to delay biz recovery of PVR, Inox Leisure

Permission to operate at full capacity, healthy content pipeline fuel optimism

India's MF assets-to-GDP ratio much lower than global average

However, global brokerage form Jefferies believes the industry still has tremendous growth potential as it has barely scratched the surface when it comes to AUM growth

Market Wrap, March 1: Here's all that happened in the markets today

Equity shares rebounded on Monday amid a broad-based buying after the benchmark indices suffered their biggest one-day drop on Friday

'May be an interoperability issue between NSE, BSE': FM on tech glitch

'Lesson from the tech glitch is that seamless digital payments is something govt officials have to clearly have a roadmap for,' says Sitharaman

Bulls back on D-Street; Sensex settles 750 pts up; PSU, auto stocks rally

The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE

Can Nestle's rural push turn around its fortunes? Here's what analysts say

While the longer-term narrative for Nestle's revenue and earnings growth remains extremely attractive, near-term concerns on valuations cannot be ruled out

Analysts see limited impact of JioPhone 2021 on Bharti Airtel, Voda Idea

Those at Jefferies believe RJio's primary focus is still on gaining subscribers, which dampens expectations of tariff hikes going ahead

Sovereign Gold Bond scheme opens today. Should you subscribe?

With gold prices on a decline, thanks to a rise in bond yields - globally and in India - analysts say investing in the yellow metal and the SGB scheme makes little sense right now

Sun Pharma, ITC: Bet on these 5 defensive stocks to ride market volatility

With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels

Indian bourses say operating fine after investors complain of glitches

Stock exchanges said on Monday their systems were working normally after some investors complained on social media of certain technical issues with their brokers

Fertiliser shares jump; RCF, National Fertilizers zoom up to 68% in a week

Last week, rating agency ICRA reaffirmed credit ratings of the RCF's instruments and revised outlook to 'positive' from 'stable

RailTel rallies 17% on institutional buying, up 52% over issue price

On February 26, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 million equity shares of RailTel worth of Rs 120 crore

APL Apollo, Apollo Tricoat Tubes surge up to 10% on board nod to merger

Apollo Tricoat's minority shareholders will receive one equity share in APL Apollo for each equity share held in Apollo Tricoat

Stocks to watch: Affle India, BEML, RIL, auto stocks, RailTel, IOC, Vedanta

Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest

Market Ahead, March 1: Top factors that could guide markets this week

On the economic front, Markit Manufacturing PMI and Market Services PMI data are scheduled to be out on March 1 and March 3, respectively and would be closely tracked by investors