Performer Financial News

compounding effects of wealth are best achieved through long-term holdings. Time is also a great friend in terms of riding entire lengths of investment super-cycles and not getting caught in attempting to dually time both, apt entries and exits. Per probabilistic laws, one typically ends up not being able to time both well and hence expected returns take a hit because of this.

“The Nutcracker” is a holiday staple, and for Ballet Arizona and many other productions around the world, a pit full of musicians is part of the tradition

Asian shares have mostly advanced after Wall Street ticked higher amid hopes that Japan's moves to keep interest rates easy for investors could augur similar trends in the rest of the world

BSE Sensex exceeded 71,000 levels. Both indexes recorded a gain of around 18% in CY23YTD. Additionally, the Nifty Midcap index and Smallcap index outperformed, registering gains of approximately 43% and 52%, respectively, during the same period.

Mutual funds offer diversified investment options by pooling funds from multiple investors into various asset types. “Contrary to the common belief that mutual funds invest only in stock markets, they come in various types, investment is made in equity, debt, and hybrid funds, allowing investors to align investments with their risk tolerance and financial goals," said Gurmeet Singh Chawla. According to Chawla, another misconception is that mutual funds are unsuitable for young investors.

Also Read: Rupee appreciates 4 paise to trade at 83.14 against the US dollar It expects second-quarter revenues to be lower than the preceding three-month period, projecting a range of $15.40 billion to $16 billion or negative 2% to 2% in local currency. However, it maintained its full-year revenue growth guidance in the range of 2% to 5% in local currency.

Solana (SOL) and Retik Finance (RETIK) have emerged as two must-buy cryptocurrencies ahead of the 2024 bull run. Both portray strong momentum as we close 2023, which suggests a potential pump in the coming year. Retik Finance (RETIK) has particularly been a hot topic within crypto social spaces after staging one of the best presale performances of 2023. Launched a little over a week ago, the presale has raised over $1 million from investors who continue to pour in with heightened enthusiasm.

With some saying a ‘confirmed’ bull-market as Bitcoin crossed over $40,000 for the first time since last year, trends like Socialfi seem to continue to keep growing. Although some startups have had it in their ecosystem long before it gained widespread popularity as a ‘trend.’

Shubham Dubey, who struggled financially just a decade ago, is now set to receive a hefty sum of Rs 5.80 crore from the Rajasthan Royals for the upcoming 2024 IPL season. A resident of Kamal Square in Nagpur, Dubey's family once struggled to make ends meet with his father's income from a paan thela. However, the talented batter's outstanding performance in the Syed Mushtaq Ali Trophy (SMAT) has now earned him a substantial contract. Dubey, expressing his astonishment, remarked, «It's an unreal feeling.

Congress MP Kalyan Banerjee for his mimicry of Vice President Jagdeep Dhankhar on the premises of the Parliament complex. Banerjee derisively mimicked Dhankhar during the opposition's protest on the stairs of Parliament on Tuesday against the suspension of MPs, drawing strong condemnation from the ruling BJP. Rahul Gandhi was seen making a video of the performance by Banerjee who appeared to mimic the way Dhankhar walked by leaning forward and made reference to having a spine.

IT stocks in the last few days following the Fed's dovish tilt could turn out to be premature, say analysts after going through the earnings of Accenture. The key peer of Indian IT services companies reported Q1 revenue growth in line with its guidance range, but Managed Services growth moderated to a 14-quarter low. Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends. A likely weak discretionary demand environment is been seen as negative for Infosys, while incremental weakness in the UK could have negative implications for TCS.

Nippon Life India Asset Management Ltd share price gained up to 8.9% in morning trades on the NSE on Wednesday. A large trade deal news triggered these gains. The share price also scaled 52 week highs of ₹489 on Wednesday CNBC TV-18 quoting sources has reported that Private sector lender IndusInd Bank is likely to divest a 2.86% equity stake in Nippon Life India Asset Management Ltd (Nippon AMC) through block deals.

KKR) bought him for ₹24.75 crore. The Australian bowler surpassed the previous record held by his captain Pat Cummins, who was bought for ₹20.50 crore by Sunrisers Hyderabad. However, the IPL was originally designed to promote upcoming talents from India.

Narendra Modi on Wednesday dialed Rajya Sabha Chairman Jagdeep Dhankhar and expressed pain over the mimicry incident. Dhankhar who is also Vice President of India, on the X platform wrote, "Received a telephone call from the Prime Minister, Shri @narendramodi Ji. He expressed great pain over the abject theatrics of some Honourable MPs and that too in the sacred Parliament complex yesterday".

₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer. The IPO opened on Monday, December 18, and will close today, December 20, 2023.

BSE, DOMS Industries share price today was listed at ₹1,400 per share, 77.2% higher than the issue price of ₹790. DOMS share price extended gains following its listing. Currently, at 10:48 IST, DOMS Industries share price has slightly slipped into the red zone.

Mitchell Starc is on cloud nine. The Aussie fast bowler cum batsman recently landed the deal of a lifetime. He became the most expensive player in the IPL (Indian Premier League) auction history.

After a sharp rally in the mid cap and small cap stocks, it’s obvious to expect that large caps will see a churn and play catch up. However, this may not always be the case, believes Devendra Singhal, executive vice president and fund manager, Kotak Mutual Fund. “This is the general view currently that large caps should tend to do better than the midcaps and small caps, and we largely abide by this view, but would say that money would chase growth rather than chasing largecaps/smallcaps or midcaps,” Singhal said in an interview with ETMarkets. Edited excerpts: How has the year 2023 largely been for the funds managed by you? The year has been excellent so far in terms of the fund’s performance. All the funds managed by me are in the top quartile since the start of the calendar year. We would endeavour to continue delivering such performance in the coming year as well.

The future of fueling looks promising, with renewable fuels and electric vehicles (EVs) among its options. Hydrogen-powered vehicles “Hydrogen is the fuel for the future and the most important way through which India can become a net exporter of energy,” said Union Minister for Road Transport and Highways, Nitin Gadkari. Hydrogen-powered vehicles are emerging as a viable alternative to traditional gasoline and diesel engines.

portfolio after husband Rakesh Jhunjhunwala's death last year, has seen at least three stocks giving multibagger returns in 2023 while most of the profits came from 5.4% holding in Titan. Going by the September quarter shareholding pattern of listed companies Jhunjhunwala owned 25 stocks, the value of which has grown 14% this quarter to Rs 39,000 crore. Details are available only of companies where the ace investor owned at least 1% stake. An analysis of his portfolio shows that the investor's best performing stock is Tata Motors DVR which is up 138% so far in the calendar year.

Rohit Kapoor, CEO, Food Marketplace, Swiggy, says” India is not one and there are consumers who look for different features, different benefits. The pocket hero for the value conscious consumer was launched in Gurgaon, but now it has been scaled up to other cities as well. There are multiple initiatives. We keep listening to consumers, trying to figure out what they are looking for and also sometimes inserting things which they may not be looking forward to but we are excited about and which we believe will be big in the future.” My eyes almost popped out at some of the interesting findings that you guys had for the year gone by, 207 pizzas in a single day in Jhansi and I am sure the trends have been pretty marvellous! Anything that has really caught your eye? Anything that will continue into 2024? Being a Calcutta boy what caught my eye was that in Durga Puja Gulab Jamuns trumped Rasgulla, that was a little surprising coming from Calcutta and growing up there. I think two-three things are becoming very strong. One is there is a clear fusion of the modern and the traditional. So, in small towns we see hot dogs selling for example whereas samosas are right up there next to each other and so many such examples. So, India is traditional in food. There is a lot of joy in discovering what we have and also experimenting around the edges quite a bit.