India Financial News

mutual funds in FY24 (April 1, 2023 to till date). Nifty50 was up by 27.05% and S&P BSE Sensex was up by 23.32%. The toppers were from sectoral/thematic funds. Aditya Birla SL PSU Equity Fund, the topper in the list, offered 84.86% in the financial year 2023-24 so far. SBI PSU Fund offered 79.20%.

That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will use any correction as an opportunity to increase holdings. His views come as overseas flows have become more volatile ahead of the national vote amid concerns over stretched valuations.

Narendra Modi on Tuesday lauded the entrepreneurial spirit of India's youth, and said the startup ecosystem is flourishing at an unprecedented pace. «Through Startup India mission, the government has given a platform to innovative ideas, connected them to funding channels, established incubators in educational institutions,» PM modi said on the third day of Startup Mahakumbh at Bharat Mandapam.

LT Foods Ltd.(up 7.44%), Colgate-Palmolive(India)Ltd.(up 1.94%), Nestle India Ltd.(up 1.17%), Marico Ltd.(up 0.61%), Varun Beverages Ltd.(up 0.61%), Jyothy Labs Ltd.(up 0.34%), Zydus Wellness Ltd.(up 0.34%), Vadilal Industries Ltd.(up 0.16%), Bajaj Consumer Care Ltd.(up 0.14%) and Nakoda Group Of Industries Ltd.(up 0.10%) were among the top gainers.

The NSE Nifty index was trading 24.61 points down at 21792.85, while BSE Sensex was down 73.81 points at 71938.24 at the time of writing this report.

In major centres such as India's 'Silicon Valley' Bengaluru, home to firms like Google, water supply is already being curtailed. The 150 reservoirs monitored by the federal government -which supply water for drinking and irrigation and are the country's key source of hydro-electricity — were filled to just 40% of capacity last week, government data showed.

Bannari Amman Sugars Ltd.(up 2.05%), Ponni Sugars(Erode)Ltd.(up 1.14%) and Ugar Sugar Works Ltd.(up 0.74%) were among the top gainers.

Investing.com-- Most Asian stocks steadied in cautious trade on Wednesday as markets awaited more cues on U.S. interest rates from the conclusion of a Federal Reserve meeting later in the day.

SEBI) on March 19 proposed the inclusion of audio-visual (AV) representations in companies' offer documents for public issues. This move aims to facilitate investors in better comprehending the essential aspects of an offer, as per a PTI report. Stakeholders are invited to share their views with the capital markets regulator on the proposal until April 9.

₹106.05 crore net in India. According to Sacnilk, on its twelfth day, early estimates suggest that Shaitaan raked in approximately ₹3.00 crore net across all languages. Moreover, Shaitaan had an overall 12.95% Hindi Occupancy on Tuesday.

Yes Bank has received cash consideration of ₹203.40 crore in relation to the same, it said. On January 20, Yes Bank had invited Expression of Interest (EOI) for sale of identified stressed loan exposures through auction under Swiss Challenge Method. This was being undertaken by the bank in accordance with the provisions of Reserve Bank of India’s Master Direction on Transfer of Loan Exposures, 2021.

TCS, Vodafone Idea, Yes Bank, UltraTech Cement, SKF India, SpiceJet, are some stocks likely to be in focus on Wednesday, March 20.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are projected to commence trading on a slightly positive note this Wednesday, reflecting the optimistic mood in global markets.The Gift Nifty trends also suggest a positive opening for the Indian benchmark index. The Gift Nifty was observed trading around the 21,910 mark, showing a discount of more than 20 points from the previous close of Nifty futures.On March 19, the domestic equity indices concluded with a decline of over a percent, with the Nifty 50 index dropping to its lowest level in over a month.

Also Read: Why regular pay is better for life insurance premium According to a Nasscom report, By 2030, millennials and Gen Z will account for half of India’s population. As of 2021, the share of millennials and Gen Z in India was higher than the world average.

Nifty 50 index, Rupak De, Senior Technical Analyst, LKP Securities, said, "The Nifty has broken down from the rising wedge pattern on the daily chart, suggesting a potential reversal of the uptrend. Additionally, it has fallen below the critical short-term moving average, indicating weakening momentum. The Relative Strength Index (RSI) has also shown a bearish crossover, indicating increasing selling pressure.

Holi 2024: Holi, also known as the festival of colour, is the most vibrant and eagerly anticipated Hindu festival that is celebrated across India in the Phalguna month (February or March). This year, Holi falls on March 25, and Holika Dahan is celebrated a day ahead, i.e., March 24. In India, there are some spectacular destinations for Holi where the festival is celebrated in a deeply traditional manner.

India’s technology professionals are emerging to be the ‘front-office’ of the world's artificial intelligence (AI) revolution by reskilling themselves with AI-native skills, Jensen Huang, chief executive, Nvidia said. “India has the largest population of IT professionals, there is no question they will be reskilled for AI,” Huang said.

Shares of most tyre companies weakened Tuesday as the recent spike in prices of commodities including rubber and crude, which are raw materials for their production, dented investor sentiment. Analysts expect these stocks to be under pressure over the next quarter but advise buying them if they decline. JK Tyre fell 4.35% on Tuesday while MRF Tyres and Goodyear India declined 3.32% and 2.39% respectively. Apollo moved down 0.59% while CEAT and Bridegstone were up by 0.44% and 2.74% respectively. Benchmark Nifty slumped over 1%, while Nifty Auto Index fell 0.45%.

Find below the restrictions, and roads to avoid: To ensure smooth traffic management in the vicinity of Pragati Maidan following measures will be taken: -No vehicle will be allowed to halt or park anywhere on Mathura Road and Bhairon Marg, Subramania Bharti Marg. -General entry for the public is not allowed.

demat accounts of those whose application bids were accepted and have received the allotment today. Bidders whose application status has been rejected and not allotted any shares, will receive the refund of their application money today, March 20.

Indian stock market today: A total of 9 stocks have been banned for trade on Wednesday, March 20, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Dividend stocks: Shares of AGI Infra Ltd, Axtel Industries Ltd, Paisalo Digital Ltd, Advani Hotels & Resorts (India) Ltd, Dwarikesh Sugar Industries Ltd, and Mishtann Foods Ltd will be in focus when the stock market opens on March 20 (Wednesday). The Board of Directors of the 6 companies have declared interim dividend, bonus issue, buy back of shares¸ and rights issue for their eligible shareholders. The record date by the 6 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 20.