AXY Financial News

home loan, there are various fees that apply to the loan. These fees differ between lenders such as banks, housing finance firms, and non-banking financing companies, with some levying fees separately and others that club fees. While some fees are tied as a fixed percentage of the house loan balance, others are not. Remember that not every borrower has to pay the same processing fee when availing a home loan.Processing fee Through the processing charge, a lender is able to recover all of its credit underwriting-related expenses. Some lenders impose a processing cost that is flat, while others often charge a variable processing fee that might reach 2% of the loan amount. Here are tops banks and their processing fees charged for a home loan. (It may differ if the bank hikes or offers festive discount; Source: Compiled by ETIG; Interest rates as on September 7, 2023, Home loan rates are repo linked lending rates or RLLR)HDFC Bank

Torrent Power(up 1.44%) were among the top gainers. Reliance Power(down 7.45%), KPI Green Energy(down 7.27%), Jaiprakash Power Ventures(down 7.14%), Gujarat Industries Power(down 6.22%), DPSC(down 6.18%), Energy Development Company(down 6.06%), Inox Wind Energy(down 5.17%), GE Power India Limited(down 5.11%), NHPC(down 5.03%) and RTNPOWER(down 4.90%) were among the top losers. The NSE Nifty50 index was trading 40.05 points down at 19956.3, while the 30-share BSE Sensex was down 68.69 points at 67058.39 at around 10:39AM. Larsen & Toubro Ltd.(up 3.37%), Divi's Laboratories Ltd.(up 1.36%), Dr.

ICICI Bank Ltd.(up 1.13 per cent), Axis Bank Ltd.(up 0.73 per cent) and HDFC Bank Ltd.(up 0.1 per cent) were among the top gainers. Federal Bank Ltd.(down 2.31 per cent), IDFC First Bank Ltd.(down 1.6 per cent), Punjab National Bank(down 1.59 per cent), Bandhan Bank Ltd.(down 1.39 per cent) and Au Small Finance Bank Ltd.(down 1.38 per cent) were the top losers on the index. The Nifty Bank index was down 0.05 per cent at 45547.6 at the time of writing this report. Benchmark NSE Nifty50 index was up 7.15 points at 20003.5, while the BSE Sensex was up 34.56 points at 67161.64. Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red. Shares of Indian Railway Fin, Vodafone Idea, YES Bank, JP Power and Rail Vikas Nigam were among the most traded shares on the NSE. Shares of ITI Ltd, Dolphin Offshore, Dynamic Services, Cadsys(India)Ltd.

After a high amount of dollar inflows into Indian equities since March, foreign portfolio investors slowed down their purchases in August. However, the trend is unlikely to reverse anytime soon, says Rahul Bhuskute, chief investment officer, Bharti AXA Life Insurance. India’s resilient economy, its strong investments driven growth, and robust corporate profitability has attracted much of the fund allocations made by Emerging Market funds, he said. “While the pace of incremental investments by FIIs has slowed down, we definitely do not see a reversal of flows any time soon, with investors confident about the long-term potential of the Indian markets,” Bhuskute said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic and global fronts. Is this likely to dampen the Indian market momentum in the near term?The equity market has been willing to look through near term inflation concerns and consider them temporary, while the overall growth conditions remain buoyant and corporate earnings are robust.

“We believe that the Fed might take a pause in the September meeting and continue to remain data dependent,” says Devang Shah, Co-Head Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah, said: “Expectations of a slowdown have now been pushed towards the next year given the strong macroeconomic picture and markets now expect interest rates to remain elevated. The RBI may consider a rate cut cycle in April – June 2024” Edited excerpts:The market seems to be finding some resistance at higher levels – What is your take on markets at current?Considering the growth inflation dynamics, we believe that we have already seen the peak of the growth cycle and the near-term peak on inflation. A large part of the first half of government borrowing is behind us.

Day trading guide for today: Following strong global market sentiments, Indian stock market ended higher for seventh straight session on Monday. NSE Nifty advanced for the seventh straight day to log the best stretch of gains in 11 weeks and touched the all time high of 20,008 levels.

investments in plain vanilla equity products — especially those investing in mid- and small-caps. Investors, who still do not want to miss the equity buzz, may consider hybrid mutual fund schemes, like balanced advantage funds, which invest in a mix of stocks and bonds and alter the investments based on the valuations; or opt for long-drawn Systematic Investment Plans (SIPs) in equity plans. In the past six months, the Nifty 50 has moved up by 15.5%, while the Nifty Microcap 250 has jumped 57%.

₹1,473.09 crore from the market. FII bought shares worth ₹11,469.51 crore and sold around ₹9,996.42 crore in the market. Maintaining a consistent streak, Domestic Institutional Investors (DII) pumped in shares worth ₹366.24 crore in the market.

₹900 crore. The funds will be used for research and development, particularly artificial intelligence and to scale its SaaS offerings, including the launch of new products, the Mumbai-based company stated.

The NSE Nifty index ended the session 176.4 points up at 19996.35, while BSE Sensex rose 528.17 points to 67127.08. In the Nifty index, Adani Ports & Special Economic Zone Ltd.(up 6.96 per cent), Adani Enterprises Ltd.(up 3.80 per cent), Power Grid Corporation of India Ltd.(up 2.26 per cent), Apollo Hospitals Enterprise Ltd.(up 2.22 per cent) and Axis Bank Ltd.(up 2.05 per cent) stood among the top gainers. On the other hand, Coal India Ltd.(down 1.12 per cent), Oil And Natural Gas Corporation Ltd.(down 0.57 per cent), Bajaj Finance Ltd.(down 0.26 per cent), Larsen & Toubro Ltd.(down 0.26 per cent) and IndusInd Bank Ltd.(down 0.09 per cent) were among the top losers of the day.

Adani Ports and Special Economic Zone Ltd (up 7.10%), Adani Enterprises Ltd (up 3.68%), Axis Bank Ltd (up 2.32%), Apollo Hospital Enterprises Ltd (up 2.19%), and Power Grid Corporation of India Ltd (up 2.18%)were among the top gainers of Nifty 50. Coal India Ltd (down 1.15%), Bajaj Finance Ltd (down 0.28%), Oil & Natural Gas Corporation Ltd (down 0.27%), and Larsen & Toubro Ltd (down 0.18) were among the laggards today.

Thanks to increased interest rates, bank Fixed Deposit schemes have become attractive in 2023. Here’s a look at the Fixed Deposit interest rates offered by State Bank of India (SBI), Canara Bank, ICICI Bank, Bank of Baroda (BoB), Axis Bank, HDFC Bank and Post Office. The below-mentioned rates are applicable on retail deposits below Rs 2 crore.

Sandip Sabharwal, asksandipsabharwal.com, says, “there is no gold at the end of the rainbow for REC, PFC and all these companies. Nothing much has changed for them. It is just that there is some euphoria in the PSU stocks. So can it last? Since the overall equity view for the next two years is still constructive, it could last, but this kind of outperformance might not sustain.”Is private banking, the large two, three names, more like a no-brainer trade now? They are cheap, they have not participated, nothing is wrong, underlying bullishness of the economy is going to only help them. Is Kotak Mahindra Bank and HDFC Bank more like a must-have or go-to trade immediately?HDFC Bank has underperformed after having a run-up post the merger approval. Now in the near term, it should do reasonably well, given that ICRR uncertainty has been reduced. Now, we need to see the actual impact of the merger on the margins over the next one or two quarters to finally say what kind of mojo it can retain and come back with.

Sandip Sabharwal, asksandipsabharwal.com, says people who are buying speculative stocks at this stage should be a bit careful. But I do not see a very deep sell-off in the sense that it is not going to be a 10-15% kind of correction. A moderate correction will give opportunities to buy. Overall equity outlook is still constructive.What has been keeping you busy apart from enjoying a break from the markets?Markets are very interesting in the sense that we have seen, again, a break in correlation of Indian markets with the global markets, which happens but it does not sustain. So, that is something we need to watch out for. The result season went and came and went and I think to that extent, all of that got factored in. Now, there are some concerns related to valuation, the impact of monsoon not being as good etc. But overall, my base case view always was that October-November will be the time when we should see some sort of correction in the market which should happen because the rise in the midcap indices has been quite euphoric. Typically that has to be followed by some sort of correction

In the last few months, Indian equities have seen a sharp run-up across market segments, particularly the midcap and smallcap stocks, where the bull run is still continuing. In this backdrop, the market valuation looks a bit stretched, according to Shreyash Devalkar, Head — Equity, Axis Mutual Fund. “Stock selection will hold the key in these markets. For investors, this period of consolidation can be used to rebalance portfolios as we play longer term themes,” he said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic and global fronts. Is this likely to dampen the Indian market momentum in the near term?Inflationary risks have been a concern primarily due to increased vegetable prices and the run-up in oil prices. However, food related price pressures are expected to subside with the arrival of fresh stock, the government banning rice and onion exports and taking measures to bring down tomato prices. So, we believe the current inflation levels are transient.

NEW DELHI : The sharp rally in the mid- and small-cap segments has led to a valuation premium developing in many companies, which could hamper return potential as markets take a breather. One of the reasons why the broader markets have outperformed is because the mid- and small-cap space is filled with high-quality companies which are able to scale businesses quickly, Shreyash Devalkar, head, equity, Axis Mutual Fund, said in an interview. Edited excerpts: How do you see rising crude prices and currency volatility impacting the Indian markets? The cyclicality of crude prices has historically roiled India’s economy, and by extension, its markets.

«Short covering was clearly visible on 19,700 strike, that was the major call concentration area. So, that short covering is clearly indicating that now base is shifting higher towards 19,600-19,700, put writers are now acting as writing positions are taking place around those levels,» says Rajesh Palviya, Axis Securities.19,800 is what we have scaled past and also on the Bank Nifty, 45,100 is where we have touched. So, going ahead, what are the targets coming in for Nifty 50, 20,000, are we very close to that? Definitely. So, the kind of momentum we have witnessed throughout the week is clearly indicating that yes, we are heading towards the 20,000 mark. Yes, possibly in the coming week, we are going to scale up to the level of 20,000 or we can surpass that level also. Very strong buying action across the sector has been there.

Ratnaveer IPO: After announcement of Ratnaveer IPO allotment status, listing date for the initial public offering (IPO) of Ratnaveer Precision Engineering Ltd has been fixed on 11th September 2023. As per the BSE notice, effective from Monday, September 11, 2023, the equity shares of Ratnaveer Precision Engineering Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities. Further in terms of SEBI circular No.

₹2,000 notes into banks after the central bank decided to withdraw the high value notes in May. The removal frees up money which can be lent, which is seen as a positive for banks.

Relative Strength Index (RSI). The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. RSI is calculated using the average gain and loss over a specified period, usually 14 days.

IPO Subscription Status: Jupiter Lifeline Hospital IPO was subscribed 63.49 times on day 3 so far. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and will close today (Friday, September 8). Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3.