The brokerage expects the Nifty to trade at 19.5 times its estimated earnings of Rs 1,280 for FY27, compared with an earlier multiple of 18.5 times
A total of eleven new passive funds such as Exchange Traded Funds and Index Funds, which track Nifty Indices, were launched in Japan and Korea during FY 2024-25, the National Stock Exchange of India (NSE) said on Tuesday. Of these, 9 funds track the Nifty 50 index, while one tracks the Nifty India Corporate Group Index, Tata Group 25 per cent, and another tracks the Nifty Midcap 50 Index. At present, there are 33 passive funds tracking Nifty Indices outside India with total assets under management (AUM) of USD 4.3 billion. These products have been launched by large global asset managers. "There is a growing demand from global asset managers for India-focused passive investment products. FY 2024-25 has been a landmark year for NSE Indices with the successful launch of eleven passive products based on Nifty indices outside of India," Aniruddha Chatterjee, MD of NSE Indices, said. "We anticipate this trend to continue with numerous India-focused passive products set to be introduced .
After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities
Lender's stock price has plunged due to concerns around losses on account of its derivatives portfolio
The counter has fallen by 65 per cent so far this year and by nearly 80 per cent since its previous peak in February last year
Sector weight in Nifty 50 declines to 9.5%, the lowest since 2011
Stocks to Buy Today, Feb 5: LTTS share price has broken out from a bullish 'Inverted Head and Shoulder' pattern on the daily chart
Seismic shifts in sentiment call for a cautious, sell-on-rise approach: Analysts
The reversals come amid a broader selloff in Indian stocks, with the NSE Nifty 50 Index down 12% from its September record high
Nifty Today: The index is expected to consolidate in a range between 23,200 on the downside and 24,200 on the upside. A breakout beyond this range will trigger a decisive move
Nifty Today, Jan 10: Short build up is seen in the NIFTY futures, where we have seen 8 per cent rise in the open interest
Technical chart shows that the Nifty Next 50 index looks weak and could slide towards 58,670 - implying an over 11% fall from present levels, whereas on the upside can jump by 6% to 70,200 levels.
Capital market-related stocks like KFin Technologies, Motilal Oswal Financial Services, BSE, and Central Depository Services (India) are on the top of the list, zooming up to 201 per cent in CY24.
Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477
The closure applies to equity, equity derivatives, SLB, and currency derivatives segments. Commodity markets will also remain shut during both morning and evening sessions
Nifty 50 today: Any level below 24,300 would confirm the bearish trend reversal for the short term, which could drag the Nifty towards an immediate support of 24,180, says Vinay Rajani
Over 2,000 points, or 2.6%, rebound from day's low helps Sensex posts fourth straight weekly gain
Stocks to Buy Today: Infosys share price has recently broken out of a three-month consolidation phase and reclaimed its all-time high. We expect this upward momentum to persist
Nifty today: The short-term trend on Nifty index is still bullish as it is placed above its 5, 10 and 20 days EMAs
Muscles ahead in passive fund arena with AUM more than doubling in past year