Page 2188 - Markets News

Sebi queers the pitch for fund managers with latest multi-cap circular

The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options

Promoter pledging hits three-year high in August at 1.86% of market cap

Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July

Look past the near-term pain in IRCTC for its monopoly in Railways

While FY21 likely to be washout for IRCTC, the firm appears to have all the ingredients in place to see strong earnings growth over next 2-3 years, say analysts

HDFC AMC: Regulatory changes another headache apart from slowing business

HDFC AMC is looking at effective diversification in investment styles in the equity segment

Mid- and small-cap auto and ancillary stocks charge ahead on new Sebi norms

Besides the so-called technical factor, analyst also attribute the current rally to an attractive valuation, prompting investors to buy these stocks

BSE Smallcap index records sharpest intra-day rally in over 5 months

The development, analysts say, has given a fresh trigger to the mid-and small-caps that can see some uptick in the days ahead

Equity mutual funds spur Bank Nifty surge in August, shows data

Domestic fund managers seem to have spurred the sharp upmove

State-run firms biggest wealth destroyers in last six yeas, say MF veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers added

Glenmark: Domestic sales performance, lower costs bode well for the stock

Funding for its innovation subsidiary is a key trigger

HCL Tech surprises street with strong revenue outlook, robust deal book

Demand to improve as IT spending is expected to increase across sectors

Market Wrap, Sept 14: Here's all that happened in the markets today

According to the new norms, multi-cap funds must invest 25 per cent each in small, mid, and large-cap stocks

Pledging of shares by promoters hits 3-year high in August: Report

Pledging of shares by promoters in the NSE-listed firms reached at 1.86% of the total market capitalisation in August, making it the highest in three years, according to a report by primeinfobase.com

Sensex dips 474 pts from day's high, ends at 38,757; BSE SmallCap jumps 4%

All that happened in the markets today

Select PSU banks gain on government's Rs 20,000 crore fund infusion plan

Finance Minister Nirmala Sitharaman had, during her Union Budget speech for 2020-21 in February, avoided going for recapitalisation of PSBs in this financial year

Indoco Remedies soars 19% on US FDA approval for Apixaban tablets

Apixaban is an anticoagulant, or blood thinner, used for patients with health problems caused by a blood clot

Adani Green hits new high post Q1 results; market-cap nears Rs 1-trillion

The Adani Group company's stock has rallied 1,173 per cent in a year

Committed to follow Sebi's new norms on multi-cap MF schemes: Amfi

Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes

Multi-cap funds and the latest Sebi directive

Earlier, the minimum investment in equity and equity-related instruments was 65 per cent of total assets.

Nifty IT index rallies 3%; TCS, HCL Tech, Mindtree, Coforge hit fresh highs

Persistent Systems, Datamatics Global, Birlasoft, Mphasis, Firstsource Solutions, NIIT, Mastek, Ramco Systems and Quick Heal from the S&P BSE IT index were up between 5% and 11%

M&M Fin, Federal Bank: Top financial picks post Sebi's multicap fund rule

We believe quality Mid & Small caps can deliver significant returns in the next 4-6 months as most institutional investors will try to comply with this new regulation, said Centrum Broking