Page 559 - Markets

AIFs take digital turn as across-table deals go out of fashion due to Covid

Multiple firms look to skip physical meetings, documentation while acquiring clients

55% retail investors stay put in equity funds for over two years: Amfi

Holding period of HNIs, however, was lower at about 47% as on June 2021

$560 bn wiped from China mkts in a week as clampdowns shatter confidence

$560 bn wiped from China mkts in a week as clampdowns shatter confidence

Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns

The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent

Pharma shares under pressure; Aurobindo, Wockhardt, Hikal, Natco down 6%

Natco Pharma said that a US District Court has issued a decision in favour of Pharmacyclics (a subsidiary of AbbVie), the brand owner of Imbruvica in a PIV litigation involving the product..

Ujjivan SFB slips 8%, hits record low on resignation of MD & CEO

Nitin Chugh, Managing Director and CEO of Ujjivan Small Finance Bank, tendered his resignation, citing personal reasons

Hindustan Aeronautics gains 10% in 2 days on deal with GE Aviation

The company said it has signed a $716 million deal with GE Aviation for procurement of 99 engines for manufacturing 83 LCA Tejas for Indian Air Force (IAF)

Hindustan Unilever hits 52-week high; trades higher for 7th straight day

In the past seven trading days, the stock of HUL has rallied 7 per cent as compared to a 1.5 per cent rise in the S&P BSE Sensex and a 2.8 per cent gain in the S&P BSE FMCG index

CarTrade Tech lists 1% below issue price at Rs 1,600 per share

At 10:01 am, CarTrade Tech was trading at Rs 1,579.70, down 2.4 per cent to its issue pricee of Rs 1,1618 per share

Mindtree rallies 6%, hits new high in a weak market; zooms 101% in 6 months

In Q1FY22, the company saw healthy order book led by closure of certain deals (especially BFSI), increase in multi-year deals , renewals, higher demand from retail & CPG clients

Stocks to watch: CarTrade Tech, HDFC Bank, Vodafone Idea, Airtel, Indostar

MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30

Market Ahead Podcast, August 20: Top factors that could guide markets today

Shares of CarTrade Tech will list on the exchanges today. The company's IPO had garnered strong response from investors with 20 times subscription. The final issue price is at Rs 1,618 per share

Robust returns, distinct features driving popularity of thematic funds

During the past one year, thematic funds have given returns of 52.27% while large-cap funds have given average returns of 45.88%

MF direct plans find favour in top-30 cities, catch up with regular schemes

Lower costs and ease of doing transactions are one of the few reasons investors have been moving towards such plans

Avoid severe portfolio moves as markets scale new highs, suggest experts

Going 100% into equity SIPs, or getting wholly into debt, will hurt in the long run, say experts

Fundraising through rights issues falls sharply in January-July period

Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive

Amazon, Premji Invest back fintech smallcase in $40 mn funding

The capital raised will be used to launch better investment products for the retail investor

Windlas Biotech hits new low since listing; falls 16% against issue price

The stock was trading lower for the third straight day since listing

Bajaj Finance joins Rs 4 trillion m-cap club as stock hits record high

At 10:51 am, with its Rs 4.001-trillion market cap, Bajaj Finance stood in 8th place in overall market cap ranking of companies

Infosys hits new high, trades above share buyback price of Rs 1,750

The stock has outperformed the market by gaining 13 per cent in the past one month