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equity mutual funds have offered over 30% CAGR in the last three years, based on daily rolling returns. ET Mutual Funds examined the daily rolling returns of 221 equity schemes that have been in the market for the past three years. The top two schemes on the list were from the small-cap category. Quant Small Cap Fund and Nippon India Small Cap Fund delivered 43.87% and 35.43% CAGR, respectively, based on daily rolling returns over the last three years.

Vedanta Ltd. traded 0.12 per cent in Wednesday's session at 12:22PM (IST). The stock opened at Rs 471.00 and has touched an intraday high and low of Rs 474.35 and Rs 468.90, respectively, during the session so far. The stock quoted a 52-week high of Rs 523.60 and a 52-week low of 214.50. About 117,996 shares changed hands on the counter so far.

While each day of Diwali has its distinct rituals, the new moon day dedicated to Goddess Lakshmi, known as Lakshmi Puja, is central to the festivities. This day is especially significant for families and businesses, marked by Lakshmi-Ganesh Puja, where devotees seek blessings for prosperity and happiness.

Line of Actual Control (LAC), the US State Department welcomed the 'reduction in tensions' at the border, ANI reported early Wednesday. Matthew Miller, spokesperson of the US State Department, said that Washington is 'closely monitoring the situation and has held discussions with the Indian side on the matter. However, he clarified that the US has not played any role in the India-China resolution.

Marico, while JP Morgan has retained its neutral view on CONCOR. Meanwhile, UBS has buy ratings on both Maruti and Cipla. We have collated a list of recommendations from top brokerage firms from ET Now and other sources:

Adani Enterprises shares are in focus on Wednesday after the firm reported a 664% year-on-year (YoY) jump in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore reported in the same period last year. The company's revenue from operations stood at Rs 22,608 crore in the reported quarter, which represents a 16% increase compared to Rs 19,546 crore in the corresponding quarter of the previous financial year.

Sensex and Nifty50, opened in the red on Wednesday, dragged down by banking and financial stocks amid persistent foreign selling and weak corporate earnings. The BSE Sensex was trading 331 points, or 0.41%, lower at 80,042. The Nifty50 was down 111 points, or 0.46%, trading at 24,355 around 9:17 am.

Swiggy announced the price band for its upcoming Rs 11,327.43 crore IPO as Rs 371-390 apiece. The issue comprises a fresh issue of shares amounting to Rs 4,499 crore with an offer for sale (OFS) for 17,50,87,963 equity shares. At the upper end of the price band, the OFS component stands worth Rs 6,828.43 crore.

Energy transition, Select Financials and broader domestic consumption themes,” says Rakesh Parekh, MD & Co-head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We are also very positive on the Healthcare & Pharma space, especially high quality CDMO & Speciality API Mfg companies” Edited excerpts:

Cipla's shares will be in focus during Wednesday's trading after the company posted a 15% growth in its consolidated net profit, reaching Rs 1,303 crore for the quarter ended September 2024, compared to Rs 1,131 crore in the year-ago period. The profit exceeded the ET Now poll estimates of Rs 1,218 crore. Revenue from operations rose 6% year-on-year (YoY) to Rs 7,051 crore in the July-September 2024 period, compared to Rs 6,678 crore in the same period last year. The company reported an EBITDA growth of 12% YoY, reaching Rs 1,886 crore in the second quarter.

Shiv Sena's sitting MLA from Palghar, Shrinivas Vanga, who was upset after being denied ticket by his party for the upcoming Maharashtra assembly polls, has been untraceable, as per his family members. Vanga's family has so far not filed any police complaint. A senior police official from Palghar on Wednesday morning said there was no update on Vanga's whereabouts as of now. The legislator has apparently been incommunicado since Monday evening.

The Nifty future closed positive with gains of 0.50% at 24,470 levels on Tuesday.

Stating that financials as a sector and banks specifically offer better risk reward opportunity, Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, says given the positive regulatory environment for banks in terms of early warning, asset quality will remain strong over cycle enabling higher growth in credit and ROE, leading to better valuations. «We see ingredients in place for a positive next few years for the market with the largecap segment doing better than midcap and smallcaps,» he says. Edited excerpts from a chat:

Subscribe to enjoy similar stories. Serum Institute of India CEO Adar Poonawalla's decision to buy a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment for ₹1,000 crore could prompt more non-film conglomerates to invest in movie production houses at a time when they are struggling with dwindling revenues from theatrical, satellite and digital sales, industry experts said.

Nippon Life India Asset Management, including CEO Sundeep Sikka, head of fixed income Amit Tripathi, and Milind Nesarikar, have applied for a settlement with market regulator Securities and Exchange Board of India (Sebi) in the ongoing Yes Bank AT1 bond case, in order to avoid formal proceedings, according to sources familiar with the matter. A legal expert said that if Sebi accepts the settlement, formal proceedings may not be pursued further.

Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record. In late US trading, Alphabet Inc. climbed more than 5% as the Google parent’s earnings beat estimates, while Advanced Micro Devices Inc. sank 7% amid a lackluster revenue forecast.

personal data and its protection are likely to be notified soon, a top lawmaker told ET. This could happen “well before” the Maharashtra assembly elections to be held on November 20, the person added. The Digital Personal Data Protection (DPDP) Act was enacted in August 2023 but it is yet to become operational.

Dalal Street presented a study in sharp contrasts — and lofty records. First, foreign investors pulled Rs 1 lakh crore out of Indian equities in October, beating the record in the Covid-ravaged March of 2020 with consummate ease. Yet, the fall in equity gauges was nowhere as devastating as in that month, with domestic funds more than matching the sales momentum through record purchases. In the bargain, domestic institutional investors (DII) may have, for the first time this millennium, pulled ahead of overseas funds in owning locally listed firms — another record that points to the shifting centre of gravity in the ownership of Indian risk assets. To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities. “There has been a dramatic shift in ownership in Indian capital markets over past few quarters, with local investors taking the lead and FIIs losing influence,” said Pranav Haldea, MD, Prime Database Group.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance, according to two people involved in the transaction. “Warburg has to divest 3% of their stake in Home First; they currently have around 23%.

Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform, as per a report. Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter, AP reported. The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to $53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly $12 late last month.

Nick Offerman has signed on to star in Margo’s Got Money Troubles, a new Apple TV+ series that already includes a notable cast of Elle Fanning, Nicole Kidman and Michelle Pfeiffer. The show, based on Rufi Thorpe’s novel, highlights a young mother’s financial struggles in unique circumstances.