Experts Financial News

mutual funds in India with the highest one-year returns are Nippon India Growth Fund, Mahindra Manulife Mid Cap Fund, Motilal Oswal Midcap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Mid-Cap Opportunities Fund, WhiteOak Capital Mid Cap Fund, Tata Mid Cap Growth Fund, among others. Here are twelve mid-cap funds that delivered the best return in one year. Nippon India Growth Fund - Reg - Growth has delivered a 51.10% return in one year.

Rajshree Sugars & Chemicals Ltd.(up 1.94%), Ponni Sugars(Erode)Ltd.(up 1.23%), Simbhaoli Sugars Ltd.(up 1.23%), Kothari Sugars & Chemicals Ltd.(up 1.01%), Magadh Sugar & Energy Ltd.(up 0.52%), Mawana Sugars Ltd.(up 0.48%), Avadh Sugar & Energy Ltd.(up 0.48%), EID Parry(India)Ltd.(up 0.33%), Vishwaraj Sugar Industries Ltd.(up 0.30%) and Dwarikesh Sugar Industries Ltd.(up 0.24%) were among the top gainers. DCM Shriram Industries Ltd.(down 1.12%), Uttam Sugar Mills Ltd.(down 1.06%), Dalmia Bharat Sugar and Industries Ltd.(down 0.71%), Balrampur Chini Mills Ltd.(down 0.54%), Bajaj Hindusthan Sugar Ltd.(down 0.36%), Bannari Amman Sugars Ltd.(down 0.21%), Dhampur Sugar Mills Ltd.(down 0.19%), Sakthi Sugars Ltd.(down 0.18%) and Triveni Engineering & Industries Ltd.(down 0.14%) were among the top losers.

Coforge Ltd.(up 2.14 per cent), Tech Mahindra Ltd.(up 1.28 per cent), Persistent Systems Ltd.(up 1.15 per cent), Tata Consultancy Services Ltd.(up 1.08 per cent) and MphasiS Ltd.(up 0.85 per cent) were among the top gainers. Infosys Ltd.(down 1.2 per cent), Wipro Ltd.(down 0.2 per cent) and HCL Technologies Ltd.(down 0.04 per cent) were the top losers on the index.

Adani Power Ltd. traded at Rs 546.0 on BSE at 11:11AM (IST) on Thursday, up 0.72 per cent. The stock quoted a 52-week low price of Rs 132.55 and a high of Rs 589.3.

This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things.

The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms. On a year-on-year (YoY) basis, the topline is expected to rise 4.7%, while the bottomline may drop a marginal 0.3%. In constant currency terms, analysts expect HCLTech’s revenue to grow 4.6% sequentially in the quarter gone by. The country’s third largest software service provider is scheduled to release its earnings on Friday, 12th January. The growth in the topline is likely to be led by the products and platform segment, with Nuvama Institutional Equities pegging a 20% sequential growth for this segment. The services vertical is expected to report a 2.5% sequential growth, driven by the Verizon deal and integration of the recently acquired German automotive engineering solutions provider ASAP Holding.

PI Industries Ltd. gained 1.11 per cent to Rs 3495.0 in Thursday's trade as of 11:16AM (IST). The stock hit a high price of Rs 3498.0 and low of Rs 3448.55 during the session.

The NSE Nifty index traded 34.46 points up at 21653.15, while BSE Sensex was up 108.37 points at 71766.08 as of 11:15AM(IST)on January 11. In the Nifty index, Hero MotoCorp Ltd.(up 3.34 per cent), Bajaj Auto Ltd.(up 1.82 per cent), IndusInd Bank Ltd.(up 1.54 per cent), Bharat Petroleum Corporation Ltd.(up 1.29 per cent) and Eicher Motors Ltd.(up 1.26 per cent) were among the top gainers.

Zomato Ltd. traded at Rs 137.25 on BSE at 10:41AM (IST) on Thursday, up 1.93 per cent. The stock quoted a 52-week low price of Rs 44.35 and a high of Rs 137.75.

Bandhan Bank Ltd.(up 1.91 per cent), IndusInd Bank Ltd.(up 1.52 per cent), IDFC First Bank Ltd.(up 1.26 per cent), Axis Bank Ltd.(up 1.07 per cent) and Au Small Finance Bank Ltd.(up 0.91 per cent) were among the top gainers. Federal Bank Ltd.(down 0.4 per cent), ICICI Bank Ltd.(down 0.28 per cent) and HDFC Bank Ltd.(down 0.21 per cent) were the top losers on the index.

Cochin Shipyard fell over 5% to the day's low of Rs 761.30 on Thursday amid profit booking following a stock split which saw the counter getting subdivided into two shares on Wednesday. The PSU defense stock had hit a 20% upper circuit and hit levels of Rs 802.80 on the NSE. Shares of PSU defense stock have gone up nearly three times in the last one year and it traded ex-split on Tuesday.

Taking cues from the international market, MCX February gold futures were trading in the green, around Rs 62,100 per 10 grams, up Rs 104 or 0.17% from Wednesday's closing price. Meanwhile, March Silver futures were trading at Rs 72,065 per kg, higher by Rs 96 or 0.13%. Track prices here Comex Gold futures were at $2,034 per troy ounce on Thursday, up $6.20 or 0.31% while silver futures were at $23.135, higher by $0.069 or 0.300%. The dollar index (DXY) was trading slightly lower at 102.25 against a basket of six top currencies, down 0.11%.

Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters. One European retailer said it was delaying marketing campaigns for some specific goods until stocks were secured. Major container ship operators like Maersk and Hapag-Lloyd are re-routing vessels away from the Suez Canal — the shortest route from Asia to Europe — after militant attacks on vessels in the Red Sea. The diversions have raised fears of another prolonged disruption to global trade just as supply chains unsnarl after the COVID pandemic.

Indian Oil Corporation Ltd. gained 1.8 per cent to Rs 132.9 in Thursday's trade. It hit a high of Rs 133.4 and low of Rs 131.05 during the session.

Havells India Ltd. traded at Rs 1465.0 on BSE at 10:00AM (IST) on Thursday, up 5.34 per cent. The stock quoted a 52-week low price of Rs 1120.1 and a high of Rs 1470.0.

ICICI Prudential Banking & PSU Debt Fund, the topper in the category, offered 7.32% in 2023. Aditya Birla SL Banking & PSU Debt gave 6.86%. Sundaram Banking & PSU Debt Fund and Franklin India Banking & PSU Debt Fund gave around 6.84%. HDFC Banking and PSU Debt Fund gave 6.83%.

Shriram Finance Ltd. gained 3.98 per cent to Rs 2235.9 in Thursday's trade. It hit a high of Rs 2284.0 and low of Rs 2212.5 during the session.

CryptoCon, a voice in the cryptocurrency analysis sphere, has recently shared via X an insightful prediction regarding Bitcoin's future trajectory. He asserts that Bitcoin, having topped around $45,000 a few weeks ago, is on the brink of a substantial correction. This correction could range between 38% and 52%, potentially bringing Bitcoin's value down to a bottom ranging between $26,000 and $21,500​​​​.

HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Info Edge Ltd (Naukri), part of the consumer service industry, has been trading above the breakout level of a Cup and Handle pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts. The stock gave a breakout from a Cup and Handle pattern in December 2023. The neckline of the pattern was placed around 4900-5000 levels.

The Nifty future closed positive with gains of 0.49% at 21722 levels on Wednesday. India VIX was down by 2.21% from 13.26 to 12.97 levels. Volatility rose above 14.5 zones during the day but cooled off later and paved the way for the bulls at support zones. On the weekly options front, the maximum Call OI is placed at 21,800 and then towards 22,000 strikes while the maximum Put OI is placed at 21,500 and then towards 21,600 strikes. Call writing is seen at 21800 and then towards 22000 strikes while Put writing is seen at 21500 and then towards 21600 strikes. “Options data suggests a broader trading range in between 21200 to 22000 zones while an immediate trading range in between 21350 to 21750 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied Bullish candle on the daily frame on Wednesday with a longer lower shadow indicating buying visible at support zones,” he said. “Now the index has to hold above 21550 zones, for an up move towards 21750 then 21850 zones while on the downside support exists at 21450 and 21300 zones,” recommended Taparia.