For investors who want to follow only the MF route, ICICI Securities recommends 60 percent allocation towards large-cap funds, 20 percent towards mid-and small cap and 20 percent towards thematic
Capital Small Finance Bank Limited on Monday said its total business grew by 15.58 per cent to Rs 12,584 crore for the quarter ended June 2023. The Jalandhar-headquartered bank's total business was Rs 10,888 crore during the first quarter of the last financial year, according to a statement. The bank said its deposits grew by 14.64 per cent to Rs 7,064 crore and advances went up by 16.81 per cent to Rs 5,519 crore. The net worth of the bank increased by 28.81 per cent to Rs 69 crore during the first quarter of the current fiscal. Sarvjit Singh Samra, managing director and chief executive officer of Capital Small Finance Bank said, "We are proud to report robust profits, which underscore the resilience of our business model and the effectiveness of our strategic initiatives. "As we continue to navigate an ever-evolving financial landscape, we remain focused on sustaining this positive momentum and creating long-term value for our stakeholders.
Realty, Metals & Energy led the charge, rising 9% each. On the flip side, IT lagged with a modest 1% rise.
NIFTY50 index is consolidating just below the 20,000 mark after rallying 14 per cent from March 23 lows as earnings expansion catch up
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Bulk of the earnings upgrade over the past one year has been driven by stocks related to domestic cyclical demand (financials, consumer discretionary, auto, tobacco, industrials) and internet stocks.
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In the last fifteen sessions the Nifty has rallied over 1100 points.
The second highest inflows were seen in Taiwan, which was less than $6 billion in the same time frame.
Nifty Smallcap 250 and Nifty Midcap 150 outperformed all major indexes clocked gained 6.36% and 6.16%, respectively in June.
Market participants closely monitor the RSI to determine the strength based on 70 and 30 values. This assists in identifying instruments that are supposedly experiencing increased buying or selling.
Domestic inflows since March have been relatively unassuming, at Rs 28,000 crore
Sensex tops 64,000 in intra-day trade as FPIs step up buying
The brokerage expects manufacturing, technology, and banking & financial services to outperform.
Every minor correction may see addition of long positions, say experts
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Moreover, the upmove in the equity markets will shift towards small-caps, the brokerage predicts
'Given valuation comfort, we are still most overweight on China and South Korea,' says Saion Mukherjee
The broking community is on the edge as the new penalty structure on intraday margin shortfall comes into effect on May 2