Performer Financial News

When facts change, I change my mind. What do you do sir? – Lord Maynard Keynes. But what do you do when information swings like a pendulum that has lost control? Sector and stock rotation is happening at a bizarre pace. For some time, institutional investors tried to ignore hyper-rotational activity as just an irrational retail frenzy that would die down; but they seemed to have thrown in the towel and jumped in. Daily institutional turnover has doubled from INR 25,000-30,000 cr to INR 55,000-60,000 cr since Nov 2023.

Sundaram Alternates, mentions that India is moving in the direction of North American markets where alternate credit is 75-80% of all risk financing versus exactly the opposite in India. “Proof of the pudding as far as private credit is that the AIF Cat II industry has grown from zero in 2013-14 to ₹6 lakh crores today! The AIF industry as a whole is approx.

Nifty Bank index has given only 12.41% returns compared to 25.89% returns by the Nifty 50 index. Beneath this underperformance lies a story. Let us explore it in detail: Investors preferred public sector banks (BPSUs) to private sector banks. BPSUs largely finance institutional and corporate borrowers and private sector banks are known for catering retail credit needs. Despite strong credit offtake, stocks of private sector banks did not do well. There is a reason. Private sector banks were richly valued compared to BPSUs. In a high interest rate regime, value conscious investors preferred to stick to BPSU. The PSU rally also improved the sentiment around PSU bank stocks. However, these stocks have a relatively low weight (around 15%) in the Nifty Bank index. Hence the positive impact on Nifty Bank Index was not as much.

Bajaj Finance and Jio Financial came out mixed, further complicating the question of which stock one should buy between these two. Bajaj Finance reported a decent double-digit rise in profit and interest income year-on-year. Jio Financial, on the other hand, reported a single-digit sequential rise in profit and interest income.

Amit Khurana, Head of Equities, Dolat Capital, says for the next few months, bottoms-up stock picking should be the preferred mode and look out for names either showing signs of turnaround or names which have visibility even though you may have to pay a little bit of a premium on the valuation side, but the momentum continues to be supportive for those sectors or stocks. You were slightly cautious on the market and by mid of March that caution played out, however, it was short-lived and the market rebounded. What is your current prognosis of the way the earnings season is panning out? Did you request the clients to buy that dip or are they still sitting on the sides? Amit Khurana: Yes, the correction did play out which we were anticipating but the depth of it and the breadth, I did not come as much as one would have wished for.

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social media generation. It came into existence during my coaching career. For me to identify and understand this is difficult at times. However, for athletes of this generation, who have grown up immersed in social media, things are different. For instance, I see a lot of athletes immediately get on social media after a match. In my view it is a very important time to reflect on the match and evaluate performance. But, many young athletes seem overly concerned with the likes and comments on social media. This can have a negative impact on their performance. MS Dhoni once wisely remarked, “It is important to play the sport and leave the rest to take care of itself.” That’s how it should be. In this age of social media overdrive, it is important that we keep distractions at bay and focus on the things we are good at. In my case, I know how to coach, how to help players improve. Whenever I face challenges, I go back to the basics and do what I know best. It has always yielded positive outcomes. With continuous abuse heaped on us, we lose hope. Losing hope and motivation is the worst thing that can happen to us. Our enemies say things to us in a way that we are forced to give up and lose the motivation that has made us who we are. You cannot let your enemies push you into a position where you are forced to give up. The moot point is that as professionals, we have a certain set of skills. It is important we continue to use those skills and do what we know.

Sonali Bendre says she had decided to pack her bags and leave the film industry if she was unable to do a good performance in the song 'Humma Humma' from Mani Ratnam's 1995 movie 'Bombay'. Bendre, who was barely five films old in the industry, said she was often «slammed» by choreographers for her moves until she got a breakthrough for her stint as the female dancer in the superhit track 'Humma Humma' alongside Prabhu Deva's brother Raju Sundaram. According to the actress, it was a common perception at the time that one couldn't become a heroine if they didn't know how to dance. The 49-year-old said she wanted to give dancing a shot as the song was choreographed by the legendary Prabhu Deva. «I'm not a trained dancer. When I got into movies, I really got slammed by dance directors for my dancing. 'Badi heroine banne chali hai, dancing nahi aata'. So, if you couldn't dance, you couldn't be a heroine. I was going through all of that so whatever time I would get before and after the shoot, I started to train in 'Bollywood dancing', as it's called.

LSG vs RR IPL 2024: As veteran cricketers discuss his role in India's T20 World Cup 2024 squad, Lucknow Super Giants (LSG) skipper KL Rahul seems to be in his zone and focuses entirely on his batting. After a brilliant knock against Chennai Super Kings (CSK), KL Rahul repeated the spectacle against Rajasthan Royals on Saturday with a 76-run innings, creating a new record in IPL history. After losing his opening partner Quinton de Kock early in the game, KL Rahul played the captain's innings to steer LSG's innings.

ALSO READ: DC vs MI IPL 2024: Hardik Pandya furious outburst on the ground as Jake Fraser-McGurk, Porel wreak havoc | Watch However, with their current momentum, winning all five remaining matches may not be possible. So, they will have to depend on other teams' performances.

Taija Howard wouldn’t know she was carrying twins if she hadn’t paid out-of-pocket for a private ultrasound.

DC vs MI IPL 2024: Arun Jaitley Stadium, Delhi, witnessed a lot of fireworks on Saturday as Delhi Capitals batters punished Mumbai Indians left, right and centre. DC opener Jake Fraser-McGurk and Abhishek Porel gave their team a dream start, and the home team began with a 114-run opening partnership. Hardik Pandya, who suffered from poor form in IPL 2024, leaked 41 runs in just two overs and was losing his cool at different points in the match.

Election Commission on Saturday updated the total polling percentage of the April 26 Lok Sabha polls to 71.16 percent in Kerala. The final official figures of the general election in the state would be made available later, Chief Electoral Officer Sanjay Kaul said here in a statement. As per the latest update, a total of 1,97,48,764 (71.16 per cent) of the total 2,77,49,159 voters exercised their franchise in the Friday elections. Among the constituencies, Vadakara had recorded the highest poll percentage, 78.08, while Pathanamthitta registered the lowest at 63.35 per cent. The polling percentage in other constituencies are: Thiruvananthapuram (66.46), Attingal (69.40), Kollam (68.09), Pathanamthitta (63.35), Mavelikkara (65.91), Alappuzha (74.90), Kottayam (65.60), Idukki (66.53), Eranakulam (68.27), Chalakudy (71.84), Thrissur (72.79), Palakkad (73.37), Alathur (73.20), Ponnani (69.21), Malappuram (72.90), Kozhikode (75.42), Wayanad (73.48), Vadakara (78.08), Kannur (76.92), Kasaragod (75.94).

PBKS) scripted a historic run chase in the 42nd match of the Indian Premier League (IPL) 2024, defeating Kolkata Knight Riders (KKR) in a high-scoring encounter at the Eden Gardens. Their monumental chase of 262 runs marked a new milestone in T20 cricket, with Jonny Bairstow's sensational century leading the charge. Despite this remarkable victory, PBKS faces an uphill battle to secure a playoff spot, as this win was only their third in nine matches, leaving them in eighth place in the 10-team standings. During the game, PBKS seamer Harshal Patel claimed the top spot in the IPL 2024 Purple Cap leaderboard, taking his wicket tally to 14 wickets in nine innings. His performance was notable despite conceding 48 runs in three overs for a single wicket, as KKR set a formidable total of 261 runs.

DC vs MI IPL 2024: Hardik Pandya continue to struggle with poor form in IPL 2024, as he leaked 41 runs in two overs against Delhi Capitals. As the T20 World Cup 2024 squad selection draws closer, veteran pacer Irfan Pathan shared a strong message for Hardik Pandya, saying that the all-rounder must make some impact and play throughout the year. Irfan Pathan, who has criticised Mumbai Indians approach in IPL 2024, said that Indian cricket should not give that much priority to Hardik Pandya as he hasn't made much impact at the international level.

ICICI Bank Q4 Results: ICICI Bank announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Saturday, April 27, reporting a rise of 17.4 per cent in standalone net profit at ₹10,707.5 crore, compared to ₹9,121.9 crore in the corresponding period last year. India's second-largest lender by market capitalisation (mcap) reported a growth of eight per cent in net interest income (NII)--the difference between interest earned and paid--to ₹19,092.8 crore, compared to ₹17,666.8 crore in the same period last year. Follow ICICI Bank Q4 Live Updates: Net profit rises 17% YoY, dividend declared The private-sector lender also declared a dividend of ₹10 per equity share of face value of ₹2 each.

NEW YORK — The retrial in New York of Harvey Weinstein — whose moviemaking prowess once wowed Hollywood — won't be coming to a courtroom anytime soon, if ever, legal experts said on a day when one of two women considered crucial to the case said she wasn't sure she would testify again. A ruling Thursday by the New York Court of Appeals voided the 2020 conviction of the onetime movie powerbroker who prosecutors say forced young actors to submit to his prurient desires by dangling his ability to make or break the their careers. He remains jailed in New York state after he was also convicted in a similar case in California. The appeals court in a 4-3 decision vacated a 23-year jail sentence and ordered a retrial of Weinstein, saying the trial judge erred by letting three women testify about allegations that were not part of the charges and by permitting questions about Weinstein's history of «bad behavior» if he testified. He did not. He was convicted of forcibly performing oral sex on a TV and film production assistant and of third-degree rape for an attack on an aspiring actor in 2013.

«If we go with the rollover data, yes, there was subdued rollover action for Nifty as well as for the Bank Nifty if we compare with the last three-month average as well as with the six-month average,» says Rajesh Palviya, Axis Securities.

Saudi Arabia has announced that persons with any type of visa are now eligible to perform Umrah, or minor pilgrimage at the Grand Mosque in Makkah. Saudi Ministry of Haj and Umrah said, “Visitors can effortlessly perform Umrah from any location and with any entry visa, ensuring ease and peace of mind.” The ministry added that all visa holders, including personal, family, transit, labor, and e-visas, are permitted to participate in Umrah rituals.

Tomorrow's IPL Match: Gujarat Titans (GT) will lock horns with Royal Challengers Bengaluru (RCB) on April 27 at the Narendra Modi Stadium in Ahmedabad. GT, having won 4 out of 9 matches, are at number 7 on the points table at the moment. They have won 2 out of their last 5 matches.