Security Financial News

Quant Mutual Fund (MF), currently under Sebi’s scrutiny for a suspected front-running case, indicated that it would require 28 days to liquidate 50% of its smallcap portfolio, as per stress test results released by the AMC. For liquidating 25% of its portfolio, the smallcap fund would need 14 days. In the case of Quant Mid Cap Fund, it would require 9 days to liquidate 50% of its portfolio and 5 days to liquidate 25%. According to the stress test results from the fund house, the trailing 12-month PE ratio for the midcap fund benchmark has risen above its levels from one year ago and two years ago. For the smallcap index, the trailing 12-month PE ratio is higher than it was one year ago and close to its level from two years ago.

₹34,000 crore in April and May, overseas investors bought Indian equities worth more than ₹12,000 crore this month so far.However, for the first fortnight of June, FPIs remained net sellers in domestic markets, as their total outflows stood at ₹3,064 crore. In precise, between June 1 and 15, FPIs were sellers to the tune of ₹12,519 crore across 11 sectors, while they infused funds worth ₹9,455 crore in 12 sectors, data from National Securities Depository Ltd (NSDL) showed.Sunil Damania, Chief Investment Officer, MojoPMS believes FPIs have altered their position in the equity market following the election results.

Ujjivan Small Finance Bank fell 7.56% in today's intraday trade, hitting a 3-week low of ₹44.70 apiece after the management reduced the bank’s loan growth guidance to around 20% for FY25, down from the earlier guidance of 20%–25%. Additionally, the bank increased its credit cost guidance to 1.7%, up from the previous 1.4%–1.5%.This adjustment is due to increased stress in microfinance in certain hotspot states such as Punjab, Haryana, Gujarat, UP, and Kerala.

Stock market today: Financials and metals were the primary drivers of Monday's declines in the domestic benchmark indices, the Sensex and Nifty 50. A report indicating that the markets regulator was looking into claims of "front-running" at Quant Mutual Fund also caused some small- and mid-cap stocks to fall.The Nifty 50 began trading at 23,382.30 level, down 118.80 points or 0.51%, while the 30-share BSE Sensex opened down by 324.18 points or 0.42% at 76,885.65 level.Also Read: Stocks to buy: PVR INOX, Kalyan Jewellers among 10 stocks that may rise 8-17% in the next 3-4 weeks, say analystsAnalysts predicted that the national budget declaration next month and the earnings season will have an impact on the direction of the markets.On the future and options (F&O) market, Bank Nifty so far added 60.93 lakh contracts in open interest whereas 84.31 lakh have been added in Put open interest, while Nifty 50 so far today have added 90.54 lakh contracts in open interest; whereas 1.62 crore have been added in Put open interest.

Bharat Forge Ltd. gained 0.23 per cent to Rs 1755.95 in Monday's trade. It hit a high of Rs 1775.0 and low of Rs 1735.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1219.55, while the 50-DMA was at Rs 1446.77. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

India's Kotak Mahindra Bank will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after the central bank barred the private lender from sourcing new customers digitally. In April, the Reserve Bank of India (RBI) stopped Kotak from adding new customers via its online and mobile banking channels, and from issuing new credit cards, due to information technology-related deficiencies. «We have been adding roughly 150 odd branches for several years now. This year too, the momentum is going to continue,» Virat Diwanji, group president and head — consumer bank, told Reuters in an email interview on Monday.

Nilesh Shah, MD, Kotak AMC, says many people depend upon their next generation and become a burden on them. It is important that we create financial security for every Indian through capital market participation whereby they can generate real return. How can you make a country rich when 93% of savings went into either below inflation or inflation return products? Only 7% went into above inflation return products. We have to ensure that the 7% keeps on increasing and Indians become wealthy.

Bank Nifty was down by -186.55(-0.36%) at 24 Jun 2024 10:44:58 IST.Other stocks such as Future Supply Chain Solutions, CMI, Bafnapharm, Kanani Industries, Secur Credentials hit their fresh 52 wk lows today.

Top Japanese lawmakers say it is time for the country to “redefine” crypto and its approach to regulation. The statements hint that further crypto reforms could be on their way in Tokyo.

Moneycontrol reported.Quant Mutual Funds, the fastest growing MF in the country with asset under management (AUM) of more than ₹90,000 crore, issued a statement saying it will cooperate with the regulator.Front-running, also known as tailgating, is a form of market manipulation.It is trading in a stock or a financial instrument by a broker who has inside information about a future transaction that would affect its price. The broker works on the basis of information that is not out in public, on whether a firm is about to buy or sell, or issue recommendations, that would affect the price of securities in the market.SEBI defines front-running as an unethical practice where brokers trade an equity based on information from the analysis department before their clients have been provided the information.

When Steve Bannon is unhappy with Donald Trump, you know the former President has taken a good turn. Mr. Trump did so last week in saying he’d like to give a green card for residence in the U.S.

instant personal loan, it's advisable to check your credit score and take steps to improve it if necessary.Lenders consider your income stability when evaluating your eligibility for instant personal loans. A steady source of income assures lenders of your ability to repay the loan on time. Individuals with stable employment or consistent income from other sources are more likely to qualify for instant personal loans.

₹1721.85, more than 4% higher on Monday over the previous close of ₹1645.15 on the BSE , however gained further to touch highs of Rs1818.20 , marking more than 8% gains.Also Read- JSW Energy stock hits new all-time high as subsidiary wins 300 MW wind-solar hybrid projectThe Garden Reach Shipbuilders share price is only slightly short of all time highs of ₹1904.55 it had scaled a few days back.The Garden Reach Shipbuilders share price having risen more than 200% in last one year has given Multibagger returns to the investors. Notably Garden Reach Shipbuilders share price has gained more than 106% year to date also.The investor confidence remains strong on the Defence Sector companies looking at the country's Make In India Initiative.

As a football enthusiast, I find the sport exhilarating. It demands patience, persistence and timing. Its unpredictability adds to its allure.

MPs from the Opposition INDIA bloc are expected to enter the Lok Sabha together on the first session of the 18th Lok Sabha, which will begin on Monday, sources said. According to sources, the opposition leaders will assemble where the statue of Mahatma Gandhi was placed earlier. They are also likely to carry a copy of the Constitution with them. The Congress MPs will also gather at the Congress Parliamentary Party (CPP) office in Parliament House this morning.

Prince Pipes & Fittings with a target price of Rs 723. The current market price of Prince Pipes & Fittings is Rs 685.2. Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 7652.49 Crore) operating in Plastics sector.

Balrampur Chini Mills, Chambal Fertilisers, GNFC, Hindustan Aeronautics, Granules, Hindustan Copper, Indus Towers, and Piramal Enterprises. While Birlasoft managed to come out of the ban list on Monday, Chambal Fertlisers and Granules are new entrants.

Tata Elxsi, Titan and JSW Holdings among a host of other companies are likely to remain in focus this week as they have corporate actions like dividends, stock splits, bonus issues, and annual general meetings lined up this week. Here is a list of corporate actions lined up in the week:

Mutual funds bet big on manufacturing: Is it time to invest? For example, through this route, a trader or investor can sell stocks and buy liquid ETF units simultaneously on the same day. On a T+1 basis, stocks are debited from the demat account, and on T+1, liquid ETF units are credited, allowing the investor to start earning returns immediately. Dividend-based liquid ETFs maintain a fixed NAV of ₹1,000, offering more predictability.

joint exercise between the Air Forces of the two nations being held from June 21-26. India's Ambassador to Egypt, Ajit Gupte, visited Berighat Air Base to interact with the Indian Air Force (IAF) contingent. In a post on X, Indian Embassy in Egypt stated, "India-Egypt defence cooperation continue to strengthen, with 4th joint exercises b/w IAF and EAF being held in Egypt from 21 to 26 June 2024. Amb @AjitVGupte visited Berighat Air Base to interact with IAF contingent. C 17, IL-78 and Rafales are participating in HOPEX with EAF."

When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings. However, trying to save about 20% of his income is an ambitious target for a young earner with a family to support. It’s common for young investors with low incomes to find that expenses quickly consume their earnings. Nitin should first evaluate whether he can routinely save 20% of his income each month to determine if this annual saving target is feasible. If, after accounting for lifestyle and other avoidable expenses, mandatory expenses for rent, power, transport, telecom, and similar necessities exceed 80% of his income, his 20% saving target is too high. He should be prepared to pay some taxes until his income and saving ability increase.