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mutual funds have ruled the return chart in August. Mutual funds based on three defensives — pharma & healthcare, technology, and consumption — offered an average returns of 6.33%, 4.75%, and 2.97% respectively in the said period. Around 14 pharma & healthcare sector based mutual funds have been there in the said period. WOC Pharma and Healthcare Fund offered the highest return of around 9.37%, followed by UTI Healthcare Fund which gave 7.08% return in the same time period. Quant Healthcare Fund offered the lowest return of 5% in a similar time frame.

«So, some will burn their fingers and some, based on the awareness exercise, will become aware and start investing in more high-quality names rather than investing in any other second IPO which is coming,» says Neeraj Dewan, Market Expert. Let us get a comment from you also going on this SME hullabaloo. Some are calling it casino, some are calling it gambling den, some are calling in Hindi juye ka adda. What is happening there? Neeraj Dewan: Definitely the kind of frenzy which is there and we have seen these cases of small companies getting 100x, 200x, 400x kind of subscription amounts. So, one has to be careful, but what can be done according to what I understand is that there should be some awareness exercise which can be initiated, whether it is the regulator or whether it is the market experts, whether it is the media channels.

Modi embarked on a visit to Brunei and Singapore, the Congress took a swipe at him on Tuesday, asking when will «our frequent flyer» make a 'humanitarian' visit to the troubled state of Manipur. Prime Minister Modi is visiting Brunei on September 3-4 at the invitation of Sultan Haji Hassanal Bolkiah to further strengthen bilateral cooperation in all existing sectors. He is slated to visit Singapore on September 4-5 at the invitation of his Singaporean counterpart Lawrence Wong.

Nifty were trading flat on Tuesday morning in the absence of any major triggers. However, a 3-5% rally in defence stocks like HAL, GRSE, and Mazagon Dock cheered retail investors. The rally in defence stocks came after the Cabinet Committee on Security cleared a Rs 26,000 crore deal for the procurement of 240 aero-engines for Sukhoi-30MKI fighter jets.

trade ban on Tuesday viz. Balrampur Chini and Hindustan Copper. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indexes do not encounter a security ban.

Tech Mahindra, while Kotak Securities has an add rating on Kaynes Technology and has also initiated coverage on Aadhar Housing with a buy rating. Citi has a buy rating on 360 One.

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to increase the appeal of its best-selling yet aging electric vehicle (EV). Tesla has asked suppliers to prepare accordingly for a double-digit increase of Model Y output at its Shanghai factory, said one of the people, who declined to be named as the plan is not public. Tesla did not immediately respond to a request for comment.

₹427 to ₹450 per equity share, having a face value of ₹1. Anchor investors infused ₹846 crore into the company.The initial public offering (IPO) comprises a fresh issuance of equity shares totalling up to ₹1,291.4 crore and an Offer for Sale (OFS) of a maximum of 3.42 crore shares by the existing shareholders, which amounts to approximately ₹1,539 crore based on the upper band price of ₹450.As part of the offer-for-sale component, South Asia Growth Fund II Holdings LLC (SAGF II) will sell 2.68 crore equity shares, South Asia EBT Trust will divest 1,72,800 equity shares, and promoter Chiranjeev Singh Saluja will offload 72,00,000 equity shares.Founded in April 1995, Premier Energies Limited specialises in the production of integrated solar cell and solar panels.

IndusInd Bank reached an all-time high of Rs 1,694.50 in January 2024, after which the stock began a downward trend. Currently trading at Rs 1,449.05, it has recently broken out of a falling trend line on the daily chart, with a notable increase in trading volume. This breakout suggests potential for further gains. The stock has rebounded from its support zone and surpassed key moving averages, including the short-term (20-day) EMA, medium-term (50-day) EMA, and long-term (200-day) EMA, indicating a strengthening trend.

market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.15% at 25,338 levels on Monday. India VIX was up by 5.17% from 13.39 to 14.06 levels.

Reliance Chemotex and 8 other companies are expected to be in focus today as they have set September 4 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies to be able to qualify for the dividends announced by them.

Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday.

Breaking stocks to buy or sell: Despite mixed trends in the Asian stock markets and a retreat in the European stock market from the record high, the Indian stock market extended its uptrend for the 13th straight session. The Nifty 50 index finished 37 points higher at the 25,273 mark, the BSE Sensex went up 194 points and closed at 82,559, while the Bank Nifty index ended 71 points upward at 51,422. Cash market volumes on the NSE were low at ₹1.11 lakh crore.

Buy or sell stocks today: The Indian stock market's benchmark index, Nifty 50, hit fresh record highs on Monday, September 2, marking its 13th consecutive day of the index closing in the green. The index closed 0.17 per cent higher at 25,278.70 points, up from 25,235.90 points in the previous session. The BSE Sensex closed 0.24 per cent higher at 82,559.84 points, compared to 82,365.77 points in the previous market close.

oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday. The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month. Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said.

The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, from Rs 90 crore reported by the company in the year-ago period.

Vijay Nair in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices Hrishikesh Roy and SVN Bhatti had deferred the matter after the counsel for the ED sought a weeks' time for filing a counter affidavit. The top court had issued notice to the Enforcement Directorate (ED) on August 12 on the plea of Nair while noting that he has been in custody for two years.

Nifty at new all-time high of 25,236 simply indicates momentum as it steps in uncharted territory. The upward momentum is evident specifically with a directional contribution from Pharma, Tech and Finance. At present, the underperformance in Bank Nifty and other sectors make the current rally very specific in terms of outperformance from sectors like Finance, commodities, Pharma and tech.

Breakout stocks to buy or sell: Following strong global markets, the Indian stock market ended higher for the twelfth straight session on Friday last week. The Nifty 50 index registered its best winning streak since its launch in 1996 by rising on the 12th day in a row. The 50-stock index finished 83 points higher at the 25,235 mark, the BSE Sensex shot up 231 points and closed at 82,365, whereas the Nifty Bank index ended 198 points higher at 51,351.

Buy or sell stocks today: The Indian stock market index, Nifty 50, hit new record highs on Friday, August 30, continuing its path to the 12th successive day of closing in the green. After Friday's trading session, Nifty 50 closed 0.33 per cent higher at 25,235.90 points, compared to 25,151.95 points in the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.28 per cent higher at 82,365.77 points, compared to 82,134.61 points in the previous market close.