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Year-End Special: SBI PSU Fund tops equity returns charts in 2022; offers 32% returns

SBI PSU Fund not only topped the return charts in its own category but also managed to outperform all the other equity-oriented funds across categories.
2022-12-05T13:16:24+05:30

Year-End Special: ‘There has been a tremendous increase in young investors investing in mutual funds’

Ankita Narsey,Owner, Oak Tree Personal Finance, a mutual fund distribution firm, says she remembers the year for the maturity shown by investors.
2022-12-05T13:07:50+05:30

Best large cap mutual funds to invest in 2023

​First, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.
2022-12-05T10:23:19+05:30

Fund review: DSP Tax Saver Fund

While the portfolio is diversified, it takes large positions in the top few bets. The fund has lagged behind the index in recent years but retains outperformance over its category average.
2022-12-05T06:30:00+05:30

Reserve Bank of India may opt for a smaller rate hike this week, say experts

Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points - 0.35 of a percentage point - or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.
2022-12-05T06:19:10+05:30

Sebi directs mutual funds to act against dubious Telegram channels

2022-12-02T16:20:47+05:30

Year-End Special: ‘Equity mutual fund investors are going to benefit immensely in 2023’

The good thing is that Indian mutual fund investors have matured a lot. Unlike the past decade, Indian MF investors bought on every dip.
2022-12-02T11:34:26+05:30

Year-End Special: ‘Investing in one or two good mid cap funds, one small cap fund could be a good strategy’

If we look at the inflows in these two funds categories in the calendar year 2022, it is Rs 33,920 crore in mid cap funds and Rs 29,240 crore in small cap funds, which is 10.71% and 9.23% of overall inflows in equity funds respectively.
2022-12-02T10:37:15+05:30

Year-End Special: IT sector funds lost 18% in 2022. What is in store for 2023?

Among the sectoral funds, IT has been the worst affected this year. While infra and banking funds are up about 11% and 21% respectively, pharma funds are down about 6% so far.
2022-12-02T10:21:24+05:30

Taher Badshah of Invesco MF reveals 3 parameters to value new-age companies

"Our preferred portfolio stance has been India-centric growth sectors like, financials, consumer discretionary and industrials for much of this year and this largely stays but pockets of value have started to emerge in some of the global-oriented sectors such as technology, pharmaceuticals, and commodities. Some of these would also receive support to their earnings from a weak currency."
2022-12-02T09:40:00+05:30

Bharat Bond ETF can spruce up fixed income portfolios with 7.5% returns

"Investors can start allocating small amounts to long duration products as the risk of mark-to-market loss has reduced significantly," says Sachin Jain, Mutual Fund Analyst, ICICI Securities.
2022-12-02T09:05:38+05:30

Sebi asks mutual funds to act against con Telegram channels

The capital markets regulator said in a communication to the industry on November 30, Telegram is rife with dubious groups masquerading as fund houses. Sebi's warning to the industry comes in the wake of instances where investors have been defrauded by these telegram group operators, said three mutual fund industry officials.
2022-12-02T06:51:21+05:30

IIFL Mutual Fund launches India’s first passive tax saver scheme

This is a passive fund that is relatively low cost, compared to actively managed schemes that tend to have a higher expense ratio.
2022-12-01T14:18:47+05:30

Year-End Special: What is ‘expected or predicted’ often doesn’t fructify, says Prableen Bajpai, CFP

“A positive thing has been the continuous SIP inflows by retail investors. So, clearly, the message that ‘timing the markets’ doesn’t work is reaching investors. This has supported Indian markets amid widespread foreign sell-off,” says Prableen Bajpai, founder, Finfix Research & Analytics
2022-12-01T12:28:01+05:30

Edelweiss Mutual Fund launches fourth tranche of ‘BHARAT Bond ETF’

The BHARAT Bond ETF is India's first corporate bond ETF and it is an initiative of the Government of India, from the Department of Investment and Public Asset Management and the latter has given the mandate to Edelweiss Mutual Fund to design, launch and manage the product.
2022-12-01T11:40:34+05:30

BSE StAR MF clocks record 2.32 cr transactions in Nov

Online mutual funds distribution platform BSE StAR MF has surpassed its previous high to process record 2.32 crore transactions in November, clocking a growth of 10% month-on-month and 38% year-on-year.
2022-12-01T11:32:14+05:30

Year-End Special: Look forward to launching new products, including a tax saver fund: Rajiv Shastri of NJ AMC.

We reached out to NJ Mutual Fund, one of the new entrants in the mutual fund industry, to find out about its journey in the last one and a half year. Rajiv Shastri, Director and CEO, NJ AMC says that 2022 was challenging and he learnt a lot.
2022-12-01T11:10:27+05:30

IDFC Mutual Fund to be renamed Bandhan Mutual Fund

IDFC AMC is one of the top 10 AMCs in the country with an average assets under management of over Rs 1.2 lakh crore. It has investment products across equities, fixed income, and hybrid.
2022-12-01T10:37:51+05:30

‘A good bouquet of debt funds can preserve capital, beat inflation handsomely across interest rate cycles’

Equity indices have delivered 11-12% over a long period since 1995. Should a householder invest only in equities then? Probably that would not be wise.
2022-12-01T09:49:07+05:30

Equity ETFs can now be used as collateral

The regulator said the initial margin payable by the client to the stock broker should be in the form of cash, cash equivalent or equity ETFs.
2022-12-01T07:33:45+05:30

Can I continue investing in these schemes to make Rs 1.7 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-30T15:34:59+05:30

New SEBI rule to make debt mutual funds less risky, more diversified

“In order to avoid inconsistency in investment by MFs in debt instruments of an issuer, irrespective of the scheme being actively or passively managed, it has been decided to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes,” Sebi said.
2022-11-30T11:28:24+05:30

Sebi brings in credit risk-based limits for MFs in debt investments

Currently, credit risk-based single-issuer limits are allowed for debt exchange-traded funds to enable them to effectively manage the risk associated with such investments.
2022-11-30T08:14:09+05:30

​​What returns can one expect from a mutual fund SIP?

​A Systematic Investment Plan (SIP) is a mode of investment offered by mutual funds. Using this method, an investor can put in a fixed amount of money at predefined intervals in a chosen mutual fund scheme.
2022-11-30T08:12:14+05:30

Indices scale new highs on strong global cues; Nifty closes above 18,600

Foreign portfolio investors (FPIs) net bought Indian shares worth ₹1,241.57 crore on Tuesday, showed provisional data from the stock exchanges. So far this month, including Tuesday's provisional data, FPIs have purchased shares worth nearly ₹29,284 crore in the cash segment, the best in three months.
2022-11-30T07:14:31+05:30

We are in a bull economy over next 4-5 years & every dip will see more buying: Vinit Sambre

“Segments like consumer durables where the valuations have not corrected and are not reflecting the current picture of some slowdown seen in the overall consumption, the competitive pressure is very high and the inability of the companies to pass on the pricing. That is leading to margin contraction and those probably are not getting fully reflected in the valuations.”
2022-11-29T15:10:46+05:30

Quant ESG Fund offers 25% returns in a year amid global uncertainties

The Quant ESG Fund is one-year old and is the topper in the category, where a few schemes like Invesco India ESG Fund, ABSL ESG Fund and Axis ESG Fund have offered negative returns in one year.
2022-11-29T13:54:42+05:30

What would be my mutual fund corpus in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-29T11:10:27+05:30

"We recommend 70% allocation to large, and 30% in mid and small cap funds," says Neelesh Surana

"Equity valuations are above average and not cheap. There are pockets like banking and PSU stocks which are attractive, while consumption is expensive," said Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund.
2022-11-29T09:51:31+05:30

It's time to consider investing in debt mutual funds

"Debt has become an attractive asset class today because of the higher yields amid rising interest rates," said Sankaran Naren, executive director, ICICI Prudential Mutual Fund.
2022-11-29T09:36:28+05:30

Average AUM of MF industry in Assam is Rs 20,600 crore: Saurabh Jain, Union AMC

Union AMC today announced the inauguration of its first branch in North East in Guwahati. Union AMC is co- sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. of Japan.
2022-11-29T09:35:30+05:30

Morgan stanley sees sensex hitting 68,500

An up-trending profit cycle, a likely peak in short rates in 1Q2023 and ebbing global macro risks relative to 2022 make the case for absolute upside to Indian stocks," said Morgan Stanley in a note to clients. "That said, India's relative gains may take a breather in 2023.
2022-11-29T07:08:58+05:30

HSBC acquires L&T MF; schemes to be transferred or merged with HSBC schemes

HSBC Asset Management (India) has said that it has completed the acquisition of L&T Investment Management for a consideration of US$ 425 million, subject to closing adjustments.
2022-11-28T13:03:05+05:30

Number of passive funds tracking Nifty Indices cross 200

Nifty Indices linked passive funds account for 76% market share in terms of total number of equity and debt passive funds and 73% market share in terms of total Asset under Management (AUM) of equity and debt Funds in India.
2022-11-28T12:45:43+05:30

Baroda BNP Paribas Mutual Fund launches Multi Asset Fund

The investment objective of the scheme is to seek long term capital growth by investing in allocation ranging for equities between 65-80%, fixed Income and gold ETFs at 10-25% each along with up to 10% in units of REITs and INVITs.
2022-11-28T12:33:28+05:30

Amfi asks govt for preferential tax treatment for Gold ETFs, FoF

Alternatively, AMFI has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year.
2022-11-28T10:07:05+05:30

Start SIPs in equity funds for education and retirement

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
2022-11-28T06:30:00+05:30

Fund review: ABSL Equity Advantage Fund

While it had a track record of modest outperformance leading up to the recategorisation, it has been erratic in the past few years. Strong showing in 2020 and 2021 has been wiped away by sharp underperformance this year, hurting its long term track record. It needs to find its feet quickly to catch up with its peers.
2022-11-28T06:30:00+05:30

Redeem mutual fund units, get your money within 3 days

The Securities and Exchange Board of India (Sebi) said fund houses should pay dividends to unitholders within seven days and the redemption amount should be given within three days.
2022-11-26T08:11:11+05:30

ICICI Prudential Mutual Fund launches Nifty Pharma Index Fund

The Nifty Pharma Index has grown at 9.52% annually since October 2012. For example, Rs.1,00,000 invested in the Nifty Pharma Index in 2012 would be worth Rs. 2,48,220 by the end of October 2022.
2022-11-25T15:51:15+05:30

Sebi amends norms; brings in buying, selling of mutual funds under insider trading rules

Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemption.
2022-11-25T14:32:22+05:30

Budget 2023: AMFI demands tax uniformity for MFs, DLSS, NPS

The industry body has also requested for various steps to be taken for the betterment of the mutual fund industry and investors and to deepen the equity market via mutual funds.
2022-11-25T14:24:17+05:30

Sensex at all-time high; what should mutual fund investors do?

Whenever the stock market crosses a psychologically-significant mark, many investors, especially mutual fund investors, inevitably ask: Should we do something different? Sell or buy something?
2022-11-25T11:16:42+05:30

Union AMC launches Union Multicap Fund

The Scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI. The stock selection will be based on the “Fair Value” approach.
2022-11-24T13:52:34+05:30

How much should I invest through SIP to create Rs 5 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-24T10:52:11+05:30

Lumpsum flows into equity mutual funds hit a new low; debt inflows await interest rate peak

The report by MOFS indicates that the slowdown in lumpsum investments has been on account of large HNIs waiting for a better entry point as the equity market is close to a new high, weakness in flows from lower-end customers in rural areas, and reduced NFO activity by large AMCs in the equity segment.
2022-11-24T09:48:03+05:30

India 2-3 year debt currently attractive, says Axis MF's Devang Shah

"If an investor has 100 rupees, they could probably consider investing 50-60 rupees immediately and the remaining post the budget clarity."
2022-11-24T09:19:21+05:30

India one of the best-performing markets in region, time to lean in, says TPG Capital's Jim Coulter

San Francisco-headquartered TPG Capital, one of the largest private equity (PE) firms, managing more than $120 billion in assets as of August, has been doubling down on investing in India after a cool-off period between 2012-2014.
2022-11-24T05:30:09+05:30

Can I continue to invest in these mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-23T14:06:29+05:30

Silver ETFs offer 11% returns in one month. Should you invest?

Silver has witnessed sharp volatility since the start of this year, marking a high of Rs 73,000 and a low of 51,500. Analysts believe that silver ETFs might gain from many global and domestic tailwinds.
2022-11-23T12:25:39+05:30
Big Movers on D-St: What should investors do with JK Lakshmi Cement, Kalyan Jewellers and Chambal Fertilizers?

The stock oscillated downwards post a trendline breakout and bounced respecting that extended trendline subsequently. This could take the stock towards Rs 332-340-357 in the short term. The key technical indicators gave a buy signal post-bullish divergence. On the lower side, the stock will find support around its prior swing low, which is placed at around Rs 279.
2022-12-06T08:36:12+05:30

Stocks in focus: Vedanta, HDFC and more

2022-12-06T08:08:36+05:30

Dollar holds firm on hawkish Fed bets, Aussie on back foot before RBA

However, it later reversed course as the Institute for Supply Management's (ISM) non-manufacturing PMI unexpectedly rose, indicating the services sector, which accounts for more than two-thirds of U.S. economic activity, remained resilient.
2022-12-06T07:50:05+05:30

Gold flat after sharp declines on U.S. data

The dollar index rebounded on Monday after data showed U.S. services industry activity unexpectedly picked up in November, prompting speculation the Fed may lift interest rates more than recently projected.
2022-12-06T07:44:24+05:30

Oil prices rise after price cap on Russian crude, OPEC+ meeting

The Group of Seven price cap comes as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
2022-12-06T07:41:16+05:30

US stock market: Nasdaq, Dow slide as services data spooks investors about Fed rate hikes

In other economic data this week, investors will also monitor weekly jobless claims, producer prices and the University of Michigan's consumer sentiment survey for more clues on the health of the U.S. economy.
2022-12-06T07:38:25+05:30

Stocks in the news: HDFC, Tata Motors, Vodafone Idea, TVS Motors and IRB Infra

Life Insurance Corporation of India, the country's largest insurer, has increased its stake in HDFC to over 5 per cent following the acquisition of shares from the open market.
2022-12-06T07:35:39+05:30

Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower

2022-12-06T07:25:02+05:30

Aditya Birla Group leads race to add W owner to cart

The transaction will also trigger an open offer for an additional 25% of the company. If the open offer is fully bought into, the new investor could own up to 86.24% of TCNS, for Rs 3,016 crore. The current market capitalisation of TCNS Clothing is Rs 3,507.16 crore.
2022-12-06T06:14:29+05:30

Stock Radar: Buy Muthoot Finance for a target of Rs 1320, says Gaurav Bissa

2022-12-06T06:00:00+05:30

Vested Finance launches 2 portfolio options for retailers, take total count to 5

The FINRA-registered US broker-dealer, via its affiliate VF Securities, has announced two additional pre-built Vests in partnership with Xumit Capital and Ethical Advisors, which will enable the retailers to invest in the same
2022-12-05T22:40:56+05:30

LIC raises stake in HDFC Ltd to over 5%

Earlier in April, HDFC Ltd decided to merge with its banking subsidiary HDFC Bank. Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.
2022-12-05T22:05:06+05:30

Siphoning of IPO proceeds: Sebi bans Austral Coke, 4 others from securities market for 6 months

It was alleged that the utilisation of funds as shown by the company in the quarterly results under the erstwhile listing agreement for the three quarters ended September 30, 2008, December 31, 2008 have been misstated.
2022-12-05T21:59:16+05:30

Ahead of Market: 10 things that will decide D-Street action on Tuesday

“We’re seeing consolidation on the expected lines, which is healthy after the recent surge. We expect the resumption of the trend soon, meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly,” Ajit Mishra, VP - Research at Religare Broking, said.
2022-12-05T21:58:07+05:30

These 7 financial services stocks touch their new 52-week high

2022-12-05T21:42:11+05:30

Market Trading Guide: DLF among 6 stock recommendations for Tuesday

2022-12-05T21:20:48+05:30

Two entities settle front running case with Sebi; pays Rs 67.62 lakh

The settlement came after Labdhi Enterprises and Parekh filed a joint settlement application to settle the pending proceedings "without admitting or denying the findings".
2022-12-05T20:50:39+05:30

Shriram group operationalises largest retail NBFC Shriram Finance; to focus on non-vehicle financing

The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees of which 6,000 were added after the merger announcement.
2022-12-05T20:47:35+05:30

Billionaire Adani becomes NDTV's biggest shareholder after open offer

Although Adani's group was looking to take another 26% stake in NDTV, the open offer attracted bids for just 5.3 million shares, translating to an 8.3% interest in the company
2022-12-05T20:33:31+05:30

GIC Housing Finance to issue 2-month CP - traders

India's GIC Housing Finance plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Monday.The housing finance company will offer a yield of 7.40% on this issue, and has received commitments worth around 1 billion rupees ($12.23 million) so far, the bankers said.
2022-12-05T20:30:36+05:30

Wall St falls after strong service-sector data feeds hawkish Fed fears

The aggressive policy tightening has also triggered worries of an economic downturn, with JPMorgan, Citigroup and BlackRock among those that believe a recession is likely in 2023.
2022-12-05T20:17:54+05:30

US VC firm Sequoia Capital sells 3.7% stake in Go Fashion for Rs 228 cr

Through its affiliate Sequoia Capital India Investments IV, the venture capital firm sold 20,00,000 shares
2022-12-05T20:14:24+05:30

Oil up 3% on OPEC+ output plans and price cap on Russian crude

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+, agreed on Sunday to stick to their October plan to cut output by 2 million barrels per day (bpd) from November through 2023."The decision ... is not a surprise, given the uncertainty in the market over the impact of the Dec. 5 EU Russia crude oil import ban and the G7 price cap," said Ann-Louise Hittle, vice president of consultancy Wood Mackenzie.
2022-12-05T20:02:27+05:30

Market Watch: Is Nifty ready to step out of minor consolidative zone?

2022-12-05T19:54:20+05:30

County Group acquires Noida land for Rs 450 crore

The land originally belonged to the Ambience group, but Indiabulls Housing Finance, which had extended loans and had balance dues of over Rs 2,500 to the group, has been selling its properties to recover the money.
2022-12-05T19:29:47+05:30

Kirloskar Brothers calls EGM on December 8; to vote on forensic audit

2022-12-05T19:12:54+05:30

Nifty outperforms global counterparts; drops 1% in 2022

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2022-12-05T18:31:13+05:30

Tech View: Nifty charts indicate declines being bought. Time to avoid short trades?

The index has to hold above 18,600 zone for an up move towards 18,881-19,000 zone, whereas supports are placed at 18,550 and 18,442 zones, said Chandan Taparia of Motilal Oswal.
2022-12-05T17:46:09+05:30

Is it time to add FMCG stocks to your portfolio? Varun Lohchab answers

We will have a high base in the second half in terms of the raw material cost, so YoY, things will start looking better on the margin front. So staples valuations again are not a big concern now as it was a couple of years back when relative to market they were really expensive but I would say that FMCG is somewhere in the middle. We have a neutral kind of call. It is not too compelling on valuations.
2022-12-05T17:42:36+05:30

RBI MPC meet: Will the Central Bank go for a moderate rate hike? Here's what to expect

2022-12-05T17:35:54+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 4.95 points up at 18701.05
2022-12-05T17:27:28+05:30

Tata Motors, BPCL among Ambit’s biggest downgrades

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2022-12-05T17:27:12+05:30

Sensex falls! These stocks fell 5% or more in Monday's session

In the Nifty pack, 25 stocks closed in the green, while 24 stocks ended in the red.
2022-12-05T17:22:21+05:30

Rupee falls most in over 1 month, far forward premiums at multi-year lows

Compared to the rupee's decline, the onshore Chinese yuan jumped 1.4% to the dollar on easing COVID-19 restrictions. Most other Asian currencies followed the yuan higher. The dollar index was hovering at 104.50.
2022-12-05T17:19:00+05:30

Tech solutions are not foolproof: Vivek Bajaj on fake M2M screenshots

The regulators (SEBI+RBI+Others) can work together and create a circular defining the dos and don'ts for financial market activities. Any tech solution is not foolproof. But any initiative towards giving a clear direction to market participants will definitely discourage the negative characters who are active in the system.
2022-12-05T17:17:47+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Satin Creditcare, Vasa Retail & Overse, Indian Terrain, TTK Healthcare and JK Lakshmi Cement, hit their fresh 52-week highs during the day.
2022-12-05T17:17:14+05:30

Stock market update: Nifty IT index falls 0.52%

The Nifty IT index closed 0.52 per cent down at 30891.5.
2022-12-05T17:12:06+05:30

ICICI Bank to shift focus to SME lending & supply chain finance for future growth

ICICI Bank also told analysts that partnerships with fintechs have helped increase customer base and deepen engagement. The share of digital costs have risen from 6% in FY20 to 9% now and it plans to further accelerate the network from the second half of the current fiscal year. It also said that the credit card partnership with Amazon has helped build 3.5 million customers and 35% are new-to-bank and spends are 20% higher.
2022-12-05T17:11:16+05:30

Stock market update: Nifty Pharma index falls 0.26%

The Nifty Pharma index closed 0.26 per cent down at 13052.9.
2022-12-05T17:01:46+05:30

Stock market update: Fertilisers stocks up as market falls

The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:56:38+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 4.95 points up at 18701.05
2022-12-05T16:51:29+05:30

Stock market update: Mining stocks mixed as market falls

The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:46:21+05:30

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:36:09+05:30

Gainers & Losers: Hindalco, Godrej Prop among 8 stocks in limelight on Monday

Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points. Following are the stocks that were in the limelight:
2022-12-05T16:35:08+05:30

Stock market update: Nifty Auto index falls 0.3%

The Nifty Auto index closed 0.3 per cent down at 13007.55.
2022-12-05T16:31:01+05:30

Stock market update: FMCG stocks up as market falls

The 30-share BSE Sensex closed down 33.9 points at 62834.6
2022-12-05T16:25:49+05:30

Sensex falls! But these stocks rallied over 15% on BSE in today's trade

In the Nifty50 index, 25 stocks closed in the green, while 24 stocks ended in the red.
2022-12-05T16:20:38+05:30

Indices end flat after volatile trading; Sensex settles 34 pts lower, Nifty holds 18,700

In the Sensex pack, Reliance, Tech Mahindra, UltraTech Cement, Dr Reddys Lab, Axis Bank, Bharti Airtel and Bajaj Finserv were among the top losers
2022-12-05T16:19:20+05:30

Sensex falls! But these stocks gained over 10% on BSE

In the Nifty 50 index, 25 stocks ended in the green, while 24 stocks closed in the red in today's trade.
2022-12-05T16:15:31+05:30

Buy Piramal Enterprises, target price Rs 1200: Emkay Global Financial Services

Piramal Enterprises, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 21390.23 Crore) operating in Diversified sector.
2022-12-05T16:13:36+05:30
Dharmaj Crop Guard IPO: Here's how to check allotment status and GMP

Last heard, the shares of Dharmaj Crop Guard were commanding a premium of around Rs 50 in the grey market, hinting at a strong listing pop. The premium marched higher in the unofficial market after recent listings.
2022-12-05T15:46:23+05:30

Realtor Signature Global looking to launch Rs 1,000 cr IPO by Dec-end

As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.Promoter Sarvpriya Securities and investor International Finance Corporation will sell equity shares worth up to Rs 125 crore each.
2022-12-04T10:52:25+05:30

Tata Play becomes first Indian co to make confidential pre-filing for IPO

The Tata group firm filed documents with Sebi, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 29. The firm advertised the move in some leading daily newspapers on Thursday. ET in its November 11 edition was the first to report about this development.
2022-12-02T06:54:37+05:30

Uniparts India IPO sails through on day 2; retail and HNI quota fully booked

The company is selling its shares in the range of Rs 548-577 apiece between November 30-December 2, with a lot size of 25 equity shares. The issue is entirely an offer-for-sale (OFS) of up to 14,481,942 equity shares.
2022-12-01T13:15:15+05:30

Tata Play becomes first firm to file confidential papers with Sebi for IPO

A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.
2022-12-01T11:33:22+05:30

Dharmaj Crop Guard issue subscribed 35.49 times

Dharmaj Crop's IPO had a fresh issue of up to ₹216 crore and an offer for sale of 14,83,000 equity shares. Its price range was ₹216-237 a share. Dharmaj Crop has raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund.
2022-12-01T07:40:57+05:30

Dharmaj Crop Guard IPO subscribed more than 11.3x, issue closes today

According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.
2022-11-30T13:35:31+05:30

Uniparts India IPO kicks off: Should you subscribe?

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.
2022-11-30T09:59:56+05:30

Uniparts India mobilises Rs 251 cr from anchor investors

Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.
2022-11-30T07:35:51+05:30

IPOs pick up pace as year ends with just 4 companies raising $334 million in Q3

During Q2 2022, proceeds raised from main markets equated to $4,326 million via 13 IPOs compared to 4 IPOs raising $334 million during Q3 2022, a decline of 92% in the proceeds raised and a decline of 69% in the number of deals, as per the EY IPO trends report.
2022-11-29T18:57:35+05:30

What do grey market cues suggest for Dharmaj Crop and Uniparts India IPOs

The premium for the listing-bound Dharmaj Crop Guard and Uniparts India is moving higher in the unofficial market, hinting a strong listing pop for investors, if the optimism prevails for another few sessions.
2022-11-29T17:49:17+05:30

Export-focused Uniparts may suit investors with high risk appetite

With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.
2022-11-29T17:41:01+05:30

Dharmaj Crop Guard IPO subscribed over 3x so far on Day 2

The quota for retailers was subscribed 4.54 times, whereas the employees portion was booked 2.21 times. Portion for non-institutional investors fetched 3.29 times bids, and the portion for qualified institutional bidders was booked 36%.
2022-11-29T13:36:08+05:30

Dharmaj Crop Guard IPO subscribed 1.79 times on Day 1

The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.Price range for the offer is at Rs 216-237 a share.
2022-11-28T19:25:27+05:30

Realty firm Signature Global gets Sebi nod for its Rs 1,000-cr IPO

As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore
2022-11-28T18:24:29+05:30

Uniparts India IPO: All you need to know about the issue

The IPO of Uniparts India will close for subscription on Friday, December 2.
2022-11-28T14:19:08+05:30

Dharmaj Crop Guard IPO subscribed 48% in first 2 hours of bidding process

The company is selling its shares in the range of Rs 216-237 apiece between November 28-30, with a lot size of 60 equity shares. The issue comprises fresh equity shares worth Rs 216 and an offer-for-sale (OFS) of Rs 35.15 crore.
2022-11-28T13:46:41+05:30

Dharmaj Crop Guard IPO opens today: Should you bet on this agrochem player?

Dharmaj Crop IPO consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares.
2022-11-28T09:52:55+05:30

FPIs flock to Indian mkt; buy shares worth Rs 31,630 cr in Nov

Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows.
2022-11-27T13:30:23+05:30

Go Digit General Insurance’s IPO gets IRDAI’s go-ahead: Reports

In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.
2022-11-25T18:58:15+05:30

November carnival in IPO mart to end on a high; 2 issues to raise Rs 1,100 cr next week

The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.
2022-11-25T15:35:25+05:30

Unipart India IPO to open on Nov 30; price band fixed at Rs 548-577

The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).
2022-11-25T11:06:40+05:30

Long-term investors may consider Dharmaj Crop IPO given strong business growth

Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.
2022-11-24T19:00:48+05:30

Paytm’s 75% slump is world’s worst for large IPOs in a decade

Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.
2022-11-24T12:30:24+05:30

Inox Green Energy Services lists below IPO price

It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.
2022-11-24T06:29:51+05:30

Dharmaj Crop Guard IPO to open on Nov 28; price band fixed at Rs 216-237

Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.
2022-11-23T09:20:19+05:30

Kaynes Technology lists at 32% premium

The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.
2022-11-23T05:59:48+05:30

Five Star Business may face pressure after tepid listing

The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.
2022-11-22T05:54:47+05:30

Archean Chemical lists at a premium, closes up 12.53%

The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.
2022-11-22T05:51:36+05:30

Is Kaynes Technology poised for strong debut at D-St? Here's what the grey market is signalling

Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.
2022-11-21T17:27:12+05:30

Keystone Realtors IPO: Here's how to check allotment status & GMP

Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.
2022-11-21T14:29:35+05:30

Inox Green Energy Services IPO: Here's how to check allotment status & GMP

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.
2022-11-21T14:20:42+05:30

IPOs in India likely to gain more traction amid high-interest rates

Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.
2022-11-19T14:03:24+05:30

Is Archean Chemical Industries set for a strong listing pop? Read grey market signals

Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.
2022-11-19T12:50:27+05:30

Dry winter for IPO mart? What’s in store for primary market now

Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.
2022-11-18T13:29:28+05:30

Selloff by early investors hits newly listed, high-profile cos

By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.
2022-11-18T07:40:09+05:30

Blackstone's India malls REIT portfolio Nexus Malls files for IPO

The IPO will include a fresh issue of shares worth up to Rs 1600 crore
2022-11-17T23:53:44+05:30

After stellar debuts of Bikaji and Medanta, hopes are high from other debutants

Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.
2022-11-17T16:41:03+05:30

The harsh reality of 5 famed Indian IPOs: $18 billion-wipeout!

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.
2022-11-17T14:09:24+05:30

Fairfax weighing Bangalore Airport IPO at $3.7 billion: Report

The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.
2022-11-17T12:36:48+05:30

Keystone Realtors IPO oversubscribed 2.01x on final bidding day

According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.
2022-11-16T13:40:57+05:30

FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."
2022-11-15T21:30:17+05:30

KFintech receives Sebi approval for Rs 2,400 cr IPO

KFintech is also the largest issuer solutions provider in India based on the number of clients serviced and holds a 43% market share based on the market capitalisation of NSE 500 companies and a 34% market share based on the number of clients serviced within NSE 500 companies, as on January 31, 2022.
2022-11-15T17:36:34+05:30

Is Bikaji headed for a crispy debut on D-Street? Here's what grey market signals

Analysts tracking the grey market said the issue received a strong response from institutional bidders which boosted the sentiments over the issue. One can expect a mildly positive listing for the stock.Abhay Doshi, co-founder at UnlistedArena said the company received a strong response from QIB bidders which pushed the morale of investors despite aggressive pricing. "One can expect 10-15% returns on debut."
2022-11-15T16:08:31+05:30

Global Health: Should you expect any fireworks at listing tomorrow?

Global Health is one of the largest private multi-speciality tertiary care providers operating in North and East India. It has a network of five hospitals under 'Medanta' brand in Gurugram, Indore, Ranchi, Patna and Lucknow.Dealers tracking the grey market said the lower-than-expected response to the issue dented sentiments for the company and one should not expect any fireworks at listing.
2022-11-15T15:27:47+05:30

Five Star Business Finance IPO: Here's how to check allotment status and GMP

The company's Rs 1,960 crore IPO was sold in the range of Rs 450-474 per share and received a muted investor response, just sailing through between November 9-11 as retailers and HNI investors kept off the issue, and it barely sailed through.
2022-11-15T13:57:58+05:30

Saree retailer Sai Silks gets Sebi nod for IPO

The company will use the IPO proceeds towards funding capital expenditure for setting-up of 25 new stores, two warehouses, financing working capital requirements of the company, repayment or pre-payment, in full or part, of certain borrowings availed by the company and general corporate purposes.
2022-11-15T13:52:44+05:30

Inox Green Energy IPO sails through on Day 3, issue closes today

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance (O&M) service providers within India, specifically the provision of O&M services for wind turbine generators.
2022-11-15T13:38:23+05:30

Keystone Realtors IPO subscribed 41% on Day 2 of offer

The company is selling its shares in the range of Rs 514-541 apiece between November 14 and 16, with a lot size of 27 equity shares
2022-11-15T13:27:57+05:30

Archean Chemical Industries IPO: How to check allotment status & GMP

Last heard, the shares of Archean Chemical were commanding a premium of around Rs 95-100 in the grey market, hinting for a strong listing pop. The premium in the unofficial market has been hovering around the same levels.
2022-11-15T13:19:44+05:30
Interview: IRDA, govt steps to change industry structure in 5 years, says Kannan of ICICI PruLife

Last month, the insurance regulator allowed private equity funds to invest directly into insurance companies, non-promoters to hold up to a 25 percent stake, and eased solvency ratios for products.
Mon, 05 Dec 2022 13:18:45 +0530

Life insurers get wiggle room on spends, but don’t expect commissions to surge

The new EoM rules, and the bunch of relaxations on capital and distribution tie-ups that IRDA has announced, should explain the surge in the shares of listed life insurers.
Mon, 28 Nov 2022 14:33:22 +0530

MC Exclusive: Private hospitals’ body bats for PMJAY coverage for all men above 80, all women above 60

If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.
Mon, 31 Oct 2022 11:33:37 +0530

MC Exclusive: Private hospitals’ body bats for PMJAY coverage for all men above 80, all women above 60

If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.
Mon, 31 Oct 2022 11:33:37 +0530

Mental health under insurance coverage: How it may help break the taboo

Experts believe that all insurance products covering mental health will help remove the stigma around it and positively influence the health-seeking behaviour of patients
Thu, 27 Oct 2022 13:39:25 +0530
Oil tankers queue up off Turkey as price cap on Russian crude kicks in

Around 19 crude oil tankers were waiting to cross Turkish waters on Monday, the report said, citing ship brokers, oil traders and satellite tracking services.
Tue, 06 Dec 2022 08:22:59 +0530

No more a Khiladi? Akshay Kumar movies fail to hit box office gold in 2022

Competition from streaming platforms and pre-Covid content have an impact on the box-office collections of Kumar’s movies this year.
Tue, 06 Dec 2022 08:21:50 +0530

Cooling prices give RBI space to slow interest-rate hikes

After 190 basis points of rate increases this year, including three half-point moves, the six-member Monetary Policy Committee led by Governor Shaktikanta Das has more than one reason to switch to smaller increments: inflation is coming off a high and headwinds to economic growth are increasing.
Tue, 06 Dec 2022 08:05:36 +0530

Ban on BS-III petrol, BS-IV diesel vehicles: Transporters#39; body to hold protests against Delhi, Punjab govts

The Delhi Taxi and Tourist Transporters Association held a meeting on Monday and decided that they will hold road jams against the Delhi and Punjab governments.
Tue, 06 Dec 2022 07:56:49 +0530

Ambassador Taranjit Singh Sandhu meets Microsoft CEO Satya Nadella

In October, Nadella, 55, was presented with the prestigious Padma Bhushan by India#39;s Consul General in San Francisco, Dr TV Nagendra Prasad. The CEO of Microsoft was named one of 17 awardees earlier this year.
Tue, 06 Dec 2022 07:54:20 +0530

PM Modi says G-20 presidency opportunity to showcase India#39;s strengths, Congress says use it for country#39;s #39;benefit#39;

Congress president Mallikarjun Kharge said it was a matter of pride India has got the G-20 presidency and asked Modi to leverage this opportunity for the country#39;s benefit and help deter China from carrying out incursions at the border and correct the trade imbalance with it.
Tue, 06 Dec 2022 07:46:05 +0530

North Korea fires more artillery shells into sea in response to South Korea drills: KCNA

The firing comes a day after North Korea said it fired more than 130 shells into the sea off its east and west coasts, some of which landed in a buffer zone near the sea border between the two Koreas, in what Seoul called a violation of a 2018 inter-Korean agreement to reduce tensions.
Tue, 06 Dec 2022 07:41:33 +0530

Trade ministry seeks to cut gold tariff to curb smuggling

The world’s second-largest consumer of the precious metal, almost all of which is purchased from abroad, has asked the Finance Ministry to consider reducing the tariff to about 10% from 12.5%, two of the people said, asking not to be identified as the deliberations are private.
Tue, 06 Dec 2022 07:36:36 +0530

Intel says it’s on course to regain chip production leadership

“We’re completely on track,” Intel Vice President Ann Kelleher, the head of technology development, said Monday in a press briefing in San Francisco. “We do quarterly milestones, and according to those milestones we’re ahead or on track.”
Tue, 06 Dec 2022 07:32:22 +0530

Low volatility and flexibility: Stocks that NPS-II chose to invest in. Do you own any?

NPS- II is among the best kept secrets in the National Pension Scheme architecture. Only those investors with a NPS-1 account can open a NPS-2 account. Ten NPS managers offer Tier – II equity funds investing predominantly in the large-cap stocks. Expect a high degree of safety from NPS stock picking
Tue, 06 Dec 2022 07:30:09 +0530

Investors overseeing $5 trillion bet that recession can be avoided

Money managers have been favoring economically sensitive equities, such as industrial companies and commodity producers, according to a study from Goldman Sachs Group Inc. on positioning by mutual funds and hedge funds with assets totaling almost $5 trillion.
Tue, 06 Dec 2022 07:29:52 +0530

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers
Tue, 06 Dec 2022 07:27:31 +0530

World Cup interest is so high in Japan that a top streaming site can’t cope

Viewers of the Japan-Croatia match were advised halfway through the contest that access for new streamers would be restricted in order to ensure a stable service.
Tue, 06 Dec 2022 07:26:26 +0530

China set to ease COVID curbs further as markets cheer change of tack

Three years into the pandemic, China#39;s zero-tolerance measures, from shut borders to frequent lockdowns, contrast sharply with the rest of the world, which has largely decided to live with the virus.
Tue, 06 Dec 2022 07:23:28 +0530

Indonesia set to pass new criminal code that will ban sex outside marriage

Among the most controversial revisions to the code are articles that would penalise sex outside of marriage with up to one year in jail, outlaw cohabitation between unmarried couples, insulting the president, and expressing views counter to the national ideology, known as the Pancasila.
Tue, 06 Dec 2022 07:21:27 +0530

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