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Subscribe to enjoy similar stories. NEW DELHI : Gen Z shoppers are keeping fashion retailers on their toes. Over the past year, retailers like Myntra, Max Fashion and Madame have introduced collections tailored to Gen Z preferences.

Among these three, two are ETFs and one is an index fund. Groww Nifty 1D Rate Liquid ETF Groww Nifty 1D Rate Liquid ETF is an open-ended Exchange Traded Fund replicating / tracking Nifty 1D Rate Index with a relatively low interest rate risk and relatively low credit risk scheme. The NFO is open for subscription and will close on September 20.

«Nifty has hit new highs, but Bank Nifty has not hit new highs, so there is some unfinished business and components of Bank Nifty are looking positive on the chart. So, I maintain constructive view on Bank Nifty compared to Nifty and before the event we could consolidate in a tight range,» says Aditya Arora, Adlytick. Around 100 points of correction that we are seeing in Nifty today after touching life high, where do you expect the markets to head going forward, do you expect them to consolidate at current levels? Aditya Arora: Yes, I agree with you, Nifty is expected to consolidate in a narrow range because we have Fed event lined up on 17th and 18th of September, which is a very big trigger for the market. Just to bring forward a very interesting fact, we had Federal meeting on 17th and 18th of September in 2007 as well, and this is much awaited rate cut after almost three to four years. So, market will watch out for some key numbers. Like, last time Nifty shot up almost 4% in 2007, but what I am trying to say is that we can expect 2% to 4% kind of volatility in the market post the event, prior to that Nifty may consolidate in a wide range and Bank Nifty looks pretty constructive compared to Nifty because there is some unfinished business over there.

Subscribe to enjoy similar stories. MUMBAI : PVR Inox Ltd has got a shot in the arm with the roaring success of Stree 2. The Hindi horror comedy, starring Shraddha Kapoor and Rajkummar Rao, has garnered ₹573 crore since its release on 15 August, according to Bollywood Hungama website.

Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years. India is making itself stand apart from the rest of the world because it is driven by domestic flows. It is driven by much stronger fundamentals. While a correction cannot be ruled out, we are not on the verge of a crash or any crisis that will lead to capital disruption. Right now, the big trigger is going to be coming in from the Fed midweek, but other than that, it is a global rally in place, be it for the US, be it for us. For us, the FIIs also now have made a comeback. How are you feeling about the market? Ravi Dharamshi: There is a lot of scepticism, justifiably through the valuations. But valuations are a necessary condition, not a sufficient condition for the markets to correct. I would say the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years.

Tata Elxsi Ltd. gained 0.05 per cent to Rs 7717.75 at 11:57AM (IST) in Monday's trade. The scrip hit a high of Rs 7768.0 and low of Rs 7705.8 so far during the session. The stock had closed at Rs 7713.2 in the previous session. The counter had a total traded volume of 11:57AM shares so far with a turnover of Rs 1.92 crore on BSE. The stock traded at a price-to-earnings multiple of 61.14 and a price-to-book ratio of 19.34.

Trinamool Congress leader Derek O'Brien on Monday questioned why petrol prices in India are not decreasing despite a decline in global crude oil prices. In a post on X, the Rajya Sabha MP said the crude oil prices have come down by around 24 per cent in last ten years, but petrol price in India has gone up by 30 per cent. In August 2014, crude oil was priced USD 102 per barrel and petrol price was Rs 73, while in August 2024, crude oil is at USD 78 per barrel, and yet petrol price is Rs 95, he said. «Why are petrol prices in India not decreasing despite a decline in global crude oil prices?» wrote O'Brien, TMC's parliamentary party leader in the Rajya Sabha.

Subscribe to enjoy similar stories. Have you ever experienced a fall of more than 30% in one of your portfolio stocks within a few days? The prices of many stocks do not return to the level from which they started to fall for months or even years. However, some stocks do recover quickly, returning to the levels from where they started to fall and maybe even exceeding those if the company is fundamentally strong.

Emmy Awards were held Sunday night, acknowledging the brightest and the best in small-screen achievement.This year’s awards show, hosted by Canadian father-son Schitt’s Creek co-stars Eugene and Dan Levy, was a double-dose of Emmys in 2024, as last year’s September ceremony ended up being rescheduled for January 2024 on account of the 2023 Hollywood writers’ and actors’ strikes.And even though the stars walked the same red carpet less than a year ago, it didn’t stop them from turning up in a dazzling array of custom couture and bespoke garments and gowns.Jewel tones ranked high on this year’s red carpet, with red dresses and suits appearing in strong favour. Metallic gowns and embellishments were also a popular choice and many stars wore thoughtful details that reflect their cultural heritage.This year’s awards offered a little something for every TV fan.

Subscribe to enjoy similar stories. On a recent visit to his hometown of Laixi, in eastern China, Guo Ping received a shock: the local government had sold off a number of state-owned assets, including two reservoirs. The small city’s finances, as well as those in the neighbouring port of Qingdao, were under strain, forcing officials to come up with new sources of revenue.

Subscribe to enjoy similar stories. Shriram Finance Ltd, which was included in the Nifty 50 a few months ago, continues to maintain its strong upward trajectory, outperforming the broader market by a wide margin this year. The shares of this non-banking financial company (NBFC) have surged by nearly 146% over the last three years, against an increase of about 46% in the NSE benchmark index.

₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.The aim of the share offering is to satisfy the directive from the Reserve Bank of India (RBI) for higher layer non-banking financial organisations (NBFCs) to list on stock exchanges by September 2025.To meet its future capital requirements, the firm will use the proceeds from the new offer to expand its capital base.Bajaj Housing Finance IPO GMP today is +75. This indicates Bajaj Housing Finance share price were trading at a premium of ₹75 in the grey market, according to investorgain.com.The estimated listing price of Bajaj Housing Finance share price was indicated at ₹145 apiece, considering the upper end of the IPO price band and the current premium in the grey market, representing an 107.14% increase from the IPO price of ₹70.After analysing the grey market activities from the last 26 sessions, it is evident that today's IPO GMP is on an upward trend, indicating a strong potential for listing.

Subscribe to enjoy similar stories. New Delhi: Hostile takeovers in India just got a fillip from the country’s competition watchdog.

retirement. About 12 years ago, he took a life insurance policy worth Rs. 25 lakh. He feels he is covered sufficiently with this policy and investments in case of any emergency. He believes he only needs to top up his life cover as he prepares for family life. Is this the right approach? Sinha is planning well, but he needs to continue funding for his goals. The risk of an untimely death could disrupt his investment plans and leave his family without a stable income. A term insurance policy is ideal for covering such risks. However, it’s important to review coverage at each life stage, and starting a family is a good time for this. He should consider inflation, his financial situation, dependants, and his family’s needs in his absence. Just as death is a possibility one cannot ignore, so is the loss of earning capacity. A personal accident policy meets the need for replacing loss of income. Sinha must look for a comprehensive policy, which covers all contingencies: death, permanent total disability, permanent partial disability, and temporary total disability.

Subscribe to enjoy similar stories. Mumbai: Credit growth that leapt far ahead of deposit growth has slowed, narrowing the gap between the two, as regulatory measures take effect and banks dial down a loan frenzy. The difference between non-food credit and deposit growth shrank from 311 basis points on 26 July to 275 bps on 23 August, latest data from the Reserve Bank of India (RBI) showed.

Subscribe to enjoy similar stories. A fresh subsidy scheme to speed up adoption of electric vehicles (EVs) is to be rolled out. The PM Electric Drive Revolution in Innovative Vehicle Enhancement will give ₹10,000 as subsidy for each electric 2-wheeler sold till March 2025 and ₹50,000 apiece for battery-run 3-wheelers.

Subscribe to enjoy similar stories. The Nifty has rallied 16% year-to-date (YTD), but significant gains from here on could be unlikely over the next 12 months, with most of the good news, be it on economic growth, falling inflation and potential interest rate cuts already priced in, believes R. Venkataraman, chairman of IIFL Securities.

This is because in the current environment, where the earnings growth is moderating incrementally, the scope for PE rerating is limited, Amit Ganatra, Head of Equities, Invesco Mutual Fund tells ET Wealth. How are you reading the current market scenario? Is the buoyancy likely to persist on the back of expected interest rate cuts? Market conditions have to be evaluated on the basis of macro outlook and earnings outlook. India’s macro outlook has strengthened in the past few years due to an improvement in the fiscal and current account deficits, and health of balance sheets in the corporate and banking sectors. This has happened at a time when the overall macro conditions for many large economies in the world are either deteriorating or, at best, remain steady. So, in that context, India is demonstrating macro outperformance to the rest of the world.

While the tax benefits on these investments have shrunk in the past few years, things have been very different for the National Pension System (NPS). Tax benefits for the NPS have progressively increased in the past 10 years, each change making the pension scheme more advantageous for the investor. This year’s Budget has enhanced the tax deduction for those opting for the new tax regime. Under Section 80CCD(2), up to 10% of the basic pay put in the NPS is tax-free. This has been increased to 14% of the basic pay under the new tax regime. This makes the NPS a compelling investment. A person with a basic salary of Rs.1 lakh a month can potentially save Rs.52,000 in tax by opting for the NPS benefit. High income earners with large investible surpluses will find it especially beneficial. Some corporates are going the extra mile to encourage their employees to sign up for the pension scheme. “A leading MNC offered to contribute Rs.1,000 for six months for every employee who chose to open an NPS account. It’s like a Swavalamban scheme for corporate employees,” says Sriram Iyer, CEO of HDFC Pension.

In a $115 million settlement, while admitting no wrongdoing, tech behemoth Oracle has agreed to settle a class action lawsuit over allegations it tracked consumer activity both on and offline

U.S. stocks rose closer to their records and closed out their best week of the year as hopes built for a big rate cut next week