Page 399 - Markets

Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets

At an aggregate level, Jhunjhunwala's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore

Buy low, sell high and repeat: Timing is taking root in mutual funds

Inverse correlation between net equity MF inflows, market performance

Indices gain nearly 1% to end week at 5-month high; Sensex up 629 points

Besides the US inflation numbers, Indian macroeconomic data due next week will likely determine the market trajectory

Sebi sets up intermediary advisory panel to be led by former ED S Ravindran

The committee will advise the regulator on legal framework, transparency, and market safety-related matters

ITC market-cap hits Rs 5.5 trn; stock trades higher for 6th straight day

Thus far in the calendar year 2023, ITC has surpassed market value (mcap) of Infosys, SBI, HDFC, Bharti Airtel, Adani Enterprises and LIC

Sensex at 100,000? It's possible, believes Chris Wood of Jefferies

The target implies an upside of nearly 62 per cent from the current levels. Wood believes that India remains the best structural story across world markets.

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.

Sebi bans 3 entities for unregistered investment advisory services

Capital markets regulator Sebi on Thursday barred three entities, including Investocare Financial Research, from the securities markets for varying periods for providing unregistered investment advisory services. An individual -- Ramesh Babu -- has been restrained for 2 years till the expiry of the period from the date of completion of refunds to investors, while Investocare and its proprietor Ravish Kandhari were debarred for one year from the securities markets. The markets watchdog has also asked Ramesh Babu to refund investors' money collected through unregistered investment advisory services within three months. As per Sebi, Investocare and its proprietor provided advisory services without holding the mandatory certificate of registration by the market regulator. Ramesh Babu had received Rs 60.94 lakh in his account from November 2015 to July 2021, for the investment advisory services provided by Investocare, thereby violating the provisions of IA (Investment Advisers) rules,

Indian markets, economy more balanced now than a year ago: Chris Wood

'If there is any reason to change my holding in Adani group stocks, the Hindenburg report on the group is not the one'

Reforms galore, index annual returns in line with the long-term trend

The returns are also below the previous Manmohan Singh-led United Progressive Alliance (UPA) government

Star Cement surges 9% on heavy volumes; nears 4-year high

Enhanced capacity utilisation, backed by the government's thrust on infrastructure development in the NER and better pricing power would enable Star to register revenue and earnings by going forward

Ola Electric gears up for India's largest automotive IPO by early 2024

Ola Electric founder Bhavish Aggarwal owns about 40% stake in the firm at present

Sony announces Project Q handheld device for PS5, to launch later this year

Sony has finally revealed the first look of a new handheld device for playing PS5 games via remote play over wi-fi which will hit the market soon

Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco

Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.

Nifty Pharma index looks weak on charts; support at 11,700-11,800 levels

Sell the Nifty Pharma index and its constituents and book profits, as the index has been underperforming in recent days

Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share

MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas

Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

Safe-bet BAFs take the back seat as investors turn to riskier funds

Outflow not huge but the traction seen in the later part of 2021 is waning, shows data

Stock of this industrial products company has zoomed over 170% in 4 months

WPIL hit a new high of Rs 3,076, up 5 per cent on the BSE in Wednesday's intra-day trade

Deepak Nitrite soars 6% as subsidiary plans Rs 5,000-cr capex in Gujarat

Deepak Chem Tech, a wholly-own subsidiary of Deepak Nitrite, has signed MoU with the government of Gujarat with an intent to invest around Rs 5,000 crore over the next 4 years