Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range … Read more
Mumbai: Traders carried forward fewer bullish bets in Nifty futures to the April series on Thursday – the expiry day of the March contracts – amid uncertainty as to whether the index would extend its two-day winning run. The Nifty and Sensex notched up nearly 1% gains at closing on Thursday, but they came off … Read more
The initial public offering (IPO) of Bharti Hexacom will open for subscription on April 3 and close on April 5. The company has fixed a price band of Rs 542-570 per share. The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
Sanjiv Bhasin, Director, IIFL Securities, says the broader market will be in a consolidation phase. So pick your stocks. Right now, PSUs, OMCs, ONGC, Hind Copper, Vedanta, the metal/OMC space are looking very strong, as is insurance. That is where you should be upping your ante.” Bhasin further says: “Do a SIP in HDFC, Asian … Read more
There are a host of corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week. On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend. Meanwhile, Autoriders International (Rs 0.5/share), IIFL Securities … Read more
Capital market regulator Sebi has approved IPOs of three companies including that of new age insurance company Go Digit, which is backed by star cricketer Virat Kohli. Digit’s IPO has hit multiple hurdles over compliance issues, which delayed approval for the public offer. Sebi had returned the draft offer document twice as the regulator raised … Read more
Mumbai: Foreign investors bought Indian equities worth ₹5,107 crore in February, after pulling over ₹25,000 crore out of the domestic stock market in the previous month. Analysts said though the figures are showing net purchases by these investors, their sentiment towards India is caution after the recent run-up in stock prices. A strong revival in … Read more
The initial public offering (IPO) of Bharat Highways InvIT has opened for subscription. The company plans to raise about Rs 2,500 crore by offering its units in the public offer. The net proceeds from the issue will be utilised for providing loans to the project SPVs for repayment of loans and for other general corporate … Read more
Mumbai: India’s benchmark indices shed almost 1% on Thursday as traders were disappointed the RBI in its monetary policy meeting did not ease tight liquidity conditions. Large private banks led the sell-off, while public sector lenders and information technology stocks bucked the weak trend. NSE’s Nifty fell 212.5 points, or 0.97%, to close at 21,717.9. … Read more