Performer Financial News

Last Friday was a good day for indexes as both the S&P 500 and Nasdaq were able to close near the highs of the week, while Thursday's losses in the Russell 2000 (IWM) were reversed by Friday's narrow range day near the previous day's highs.

By Rajesh Kumar Singh

₹2,012 on Monday’s trading session after the pharma stock was added to the FTSE All-World, Large-Cap, Total-Cap, and All-Cap indices. The stock hit an all-time high at ₹2,032 per share during the intraday session at 11:45 am on November 20. FTSE, an acronym for the Financial Times Stock Exchange Group, is a British company that specializes in providing global market index offerings.

₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Congress leader Priyanka Gandhi Vadra criticized the BJP on Monday, stating that those who rely on religion or caste for votes cannot ask for support based on their work. Speaking at a rally in Kekdi in Rajasthan's Ajmer, Vadra urged people to assess the performance of different parties before casting their votes.

₹778 compared to the issue price of ₹587 apiece. Later, it finished the first day with a 17.5% gain at ₹690. The stock has experienced a one-way spike since its listing, and it is now up by 321% at ₹2,474 apiece as against its issue price.

₹38 on its debut on 11 October, followed by Sungarner Energies Ltd, which opened at ₹250 on 31 August, a premium of 201% over its issue price. Basilic Fly Studio Ltd listed at ₹271 on 11 September, a premium of 179% over the issue price of ₹97.

Bajaj Finserv Asset Management has announced the launch of Bajaj Finserv Balanced Advantage Fund (BAF) – an open-ended dynamic asset allocation fund suitable for investors wanting to invest in equity and equity-related instruments, including derivatives and fixed income instruments.

Revfin, a leading finance solution provider and Bengaluru-based premium electric vehicle taxi service have announced a joint milestone of completing one year in operation.

Nippon India Small Cap Fund, the topper in the list, gave around 24.47% SIP returns in 10 years. An SIP investment of Rs 1,000 in this fund on November 15, 2013 would be now Rs 4.34 lakh. Quant Small Cap Fund and Quant Tax Plan, two schemes from Quant Mutual Fund, offered 23.55% and 22.86% respectively. Three schemes gave around 21%. Five schemes gave around 20%. DSP Small Cap Fund offered the lowest return of around 20.18% in the 10-year horizon.

Ajay Srivastava, CEO, Dimensions Corporate Finance Services, says “the Indian market is about momentum investing. This market is about new stories coming out. This market is about government spending themes. So, you would waste your time if you buy value in this market. Value can go on forever to not be recognised and really speaking at PEs of 25 and 30s, except for banks, it is really difficult to find value. So, forget value.” Markets are doing much better than what everybody thought at the beginning of the year. Well, yes. The answer is yes. But if you look at the vast majority of people who have got invested in largecap funds and who got invested in the banking fund, for them it has not been a good year at this point of time. There are big pockets of market which have done reasonably well or quite well or exceedingly well in that order in the midcaps and smallcaps but if you look at the vast universe of money invested in the largecaps, that has been a very disappointing year for them and we keep saying it is going to repeat itself next year and that is the sad irony that a large portion of funds of retail public are not making even a decent return.

Torrent Pharmaceuticals (up 0.58%), GlaxoSmithKline Pharmaceuticals (up 4.65%), Aurobindo Pharma (up 0.02%) touching 52-week high levels, while shares of Sanofi India (up 0.57%) , Cipla (down 0.12), Zydus Lifesciences (flat at 0.05%) hovering near its 52-week high levels. According to technical analysts, there's no major reason for Pharma sector to make record high, but since last couple of weeks this space have showed signs of outperformance breaking multiple month highs.

Tiger 3 Box Office collection Day 8: Tiger 3 has managed to maintain a firm grip on the Box Office despite the cricketing spectacle of the India vs Australia ICC World Cup final. Early estimates suggest the film raked in a commendable ₹10.25 crore on November 19, showcasing the star power of Salman Khan. The movie, which also features Katrina Kaif, opened to a robust ₹44.45 crore, setting the tone for its initial box office journey.

How many of us have heard of Yngve Slyngstad, a name synonymous with finance? Being the CEO of Norges Bank Investment Management (NBIM) from 2008 to 2020, he successfully expanded the Government Pension Fund Global in Norway, transforming it into the largest sovereign wealth fund globally, with assets under management surpassing $1 trillion. Additionally, he is recognised for spearheading responsible investment initiatives, including the strategic divestment from companies with subpar environmental and social performance.

Travis Head nearly missed the World Cup because of a broken hand. Now, he’s Australian cricket’s hero after one of the great performances in the sport’s biggest showpiece helped deliver a stunning victory.

Grant King, the chairman of the Commonwealth’s Climate Change Authority and HSBC’s Australian operations, has joined the top ranks of a private Sydney clean energy company run by the former Australian head of US private equity firm KKR.

Sunday was a day of heartbreak for cricket fans all over India. In a heart-wrenching turn of events, Team India faced a formidable defeat against Australia in the final match of the ICC World Cup 2023, held at Narendra Modi Stadium in Ahmedabad. The much-anticipated clash of cricket titans witnessed Australia emerging victorious, claiming the prestigious trophy and leaving Indian cricket enthusiasts grappling with disappointment.

World Cup 2023 final on November 19 in Ahmedabad. The Australians, under Pat Cummins' strategic leadership, outplayed India with a 6-wicket win, wrapping up the game with 42 balls to spare. The highly anticipated match was played on the same pitch where India had previously defeated Pakistan.

₹1 lakh crore on September 11 as its stock price reached an all-time high of ₹92.35 per share. Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, bounced back strongly this year after a poor show in 2022, where the stock lost 52.83%. In the current year so far, the stock spiked from ₹451 apiece to ₹825 apiece, translating into a gain of 83%.

Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.

Also Read- Tata Technologies IPO: GMP remains steady. Price, lot size, other details of upcoming IPO Q2 was a disappointing quarter all across the chemicals segment said Rohit Nagraj at Centrum Institutional Research. Severely impacted by weakness in exports markets coupled with pricing pressure, chemical companies reported their weakest performance in the past several quarters, said Nagraj.