Wellness Financial News

The Sensex has given a 1-year return of approximately 25%. in FY24 and currently is around 74,000, after touching lifetime highs of ~75,000.

Ben Whitmore and Dermot Murphy, the fund's managers, as well as investment director Claudia Ripley are all departing from Jupiter Asset Management by the end of July to run their own investment venture, Brickwood Asset Management. Jupiter is currently exploring an option of allowing Whitmore and Murphy to continue managing the fund on a sub-advisory basis via Brickwood, meaning their former firm would hire them to manage the portfolio. According to a trading update from January, this is the only one of the outgoing manager's funds this deal is being considered for. Alliance Trust r...

The AVI Japanese Special Situations fund, which will have a Dublin UCITS structure, with bottom-up and «research-driven approach» to engage with companies. As with the AVI Japan Opportunity trust, launched in 2018, CEO and CIO Joe Bauernfreund will manage the strategy, supported by a Japan-dedicated research team of six.  AVI Japan Opportunity trust dodges widening discount trend as profits rise The strategy will be benchmarked against the MSCI Japan Small Cap index and invest in 25-35 companies. The annual management fee is 1%. «As well as a 40-year track record in global equit...

Trideep Bhattacharya, CIO, Equities,Edelweiss MF, says the market is chugging along, given that earnings are still intact and overall growth rate continues to be broad based, not just amongst largecaps but among mid and smallcaps also. That is keeping the mid and smallcap share prices reasonably buoyant in the near term. Bhattacharya further says: "Over the last three to four months, from underweight, we have gone to neutral IT services. Overall, we will expect great growth rates in the near term, but over the next two to three years, earnings are broadly bouncing around the bottom. We think that when next year global growth picks up after a bit of weakness, you would see this sector starting to do well." Let us start our discussion with telecom today because there is a big re-rating happening. People are now thinking that from almost going towards a two-player space, we are back to three-player space and probably BSNL, MTNL will be revived soon. So, it will be a nice, vibrant four-player space. Did you have telecom exposure in your portfolios and how are you looking at the way things are panning out there? Trideep Bhattacharya: I would say that, yes, over the last three months or so, we have increased our position in telecoms.

Narendra Modi on Tuesday launched a scathing attack on the previous Congress government in Rajasthan saying the state ranked number one in crime against women during the grand old party's rule. Addressing a Lok Sabha election campaign in Rajasthan's Tonk, the Prime Minister accused the Congress party of corruption, protecting the serial blast accused, crime against women, and many more incidents. “Congress had committed the sin of protecting the Rajasthan serial blast accused...If Congress was in power, it would have found new ways of corruption for itself...," PM Modi said.

Hatsun Agro has reported a 108.76 per cent rise in its January-March 2024 quarter profit after tax at Rs 52.16 crore, the company said on Tuesday. The city-based company had registered a profit after tax of Rs 24.99 crore in the same period last year. Revenues during the quarter under review grew to Rs 2,046.87 crore as against Rs 1,789.46 crore registered in the same period of last year.

Nifty option traders were left scratching their heads today after India VIX, Dalal Street's indicator of volatility in the near term, crashed as much as 22% in one of its worst single-day falls in stock market's history. India VIX, calculated using the best bid and ask quotes of out-of-the-money near and mid-month Nifty option contracts, fell below the 10-mark. During the day, Nifty rose up to 0.5% higher to the day's high of 22,447.

Air India has entered into a codeshare partnership with Japan's All Nippon Airways. With the codeshare, effective for travel from May 23, Air India and All Nippon Airways passengers can fly to their desired destination by combining those flights between India and Japan with a single ticket. Air India will add its 'AI' designator code on ANA's flights between Tokyo Haneda and Delhi as well as Tokyo Narita and Mumbai. ANA will add its 'NH' designator code on Air India's flight between Tokyo Narita and Delhi, a release said on Tuesday.

Directorate General of Civil Aviation (DGCA) on Tuesday mandated the airlines to allocate seats with at least one of their parents or guardian travelling on the same PNR. The aviation watchdog has also asked the airlines to maintain the record for it as well. “Airlines shall ensure that children up to the age of 12 years are allocated seats with at least one of their parents/guardians, who are travelling on the same PNR and a record of the same shall be maintained,” said DGCA.

₹70,000 buy you? A month’s rent in a 3-BHK in a south Delhi apartment or a 1-BHK in Mumbai. But in some hotels, that money may not be enough even for a night’s stay. Take five-star resorts in most parts of the country right now, like AmanBagh, a sprawling property in an obscure location in Ajabgarh, in Rajasthan’s Alwar district.

Circuit-to-circuit stock: Shares of AA Plus Tradelink are one of the multibagger stocks that the Indian stock market has delivered in one year. In this period, AA Plus Tradelink share price has ascended nearly 160 percent. However, it seems that the BSE SME stock is still having some upside potential.

RR vs MI IPL 2024: Mumbai Indians (MI) lost another match in this year’s IPL as Rajasthan Royals (RR) cemented an emphatic 9-wicket win at the Sawai Mansingh Stadium in Jaipur on April 22. Skipper Hardik Pandya has again come under the scanner for his captaincy choices. He is again being slammed for failing to perform when it mattered the most.

ICICI Lombard General Insurance Company Ltd. traded 0.01 per cent lower in Monday's session at 01:38PM (IST). The stock opened at Rs 1688.4 and has touched an intraday high and low of Rs 1704.9 and Rs 1677.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 1747.4 and a 52-week low of 1056.0. About 8,205 shares changed hands on the counter so far.

Vodafone Idea share price: After the end of bidding for the Vodafone Idea FPO (Follow-on Public Offer) on Monday, Vodafone Idea share price today witnessed strong buying that lifted the telecom stock to the tune of 10 percent during Tuesday deals. Vodafone shares today opened upside at ₹13 apiece to touch an intraday high of ₹14.75 per share.

HD Kumaraswamy said on Saturday that if everything goes smoothly, there is no question of JDS being absorbed into the BJP and they will work together. In an exclusive interview with ANI, Kumaraswamy said, "There is no question of merging our party with any other party. Categorically, I am telling you.

Preparing A Post-June 4 Plan Even as model code has slowed down the government’s usual pace, bureaucracy is on its toes. Sectoral groups of secretaries are holding a series of meetings to firm up 100-day plans and long-term agenda for the new government. In addition, review meetings are being called by the Cabinet Secretary. The latter are learnt to be quite demanding. Word has it that quite a few proposals have been sent back to the drawing board as well. Choubey giving his best shot Union minister Ashwini Choubey, who has been denied a ticket from Bihar’s Buxar, hasn’t lost hope. He has been telling his supporters that things can change before nomination. During Prime Minister Narendra Modi’s rally in Gaya, Choubey sat beside him and presented his case. He has also visited RSS office in Nagpur.

The highly-anticipated fourth iteration of the bitcoin halving occurred a little after 8:09 p.m. Eastern on Friday. Bitcoin traded flat in the immediate aftermath of the halving, holding steady around $63,000.

Indian School Certificate Examinations (CISCE) is anticipated to announce the 'ICSE and ISC Results 2024'. According to the information available, 'the official release date hasn't been confirmed yet', but based on historical data, 'results are likely to be declared in the first week of May'. The Council for the Indian School Certificate Examinations (CISCE) is set to declare the results for 'Class 10 (ICSE) and Class 12 (ISC) examinations' in 'May 2024'. As per the previous year's data, 'the results were declared on May 13'. The 'ICSE exams' took place from 'February 21 to March 28, 2024', whereas the 'ISC exams' occurred from 'February 12 to April 3, 2024'. It's crucial to highlight that 'the Class 12 Chemistry exam' was 'rescheduled' from 'its original date of February 26 to March 21'.

₹1,400, supported by a robust bullish candle, signalling a positive bias. The stock found support at ₹1,220, which was a swing low formed in February 2023, and experienced a strong reversal; it may potentially form a double bottom pattern. The stock is holding above key moving averages of 20, 50, 100, and 200 days, indicating an uptrend in both the short and medium term.

Siemens Ltd. traded 0.89 per cent lower in Tuesday's session at 12:07PM (IST). The stock opened at Rs 5814.6 and has touched an intraday high and low of Rs 5816.2 and Rs 5712.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 5834.0 and a 52-week low of 3245.05. About 3,013 shares changed hands on the counter so far.

rain and that the temperature in Delhi is predicted to stay around 38 degrees Celsius for the next two to three days. Eastern India may see temperatures as high as 44 degrees Celsius during the next four to five days, according to IMD Senior Scientist Dr. Naresh Kumar, who was speaking to ANI. According to Naresh Kumar, senior scientist at IMD, Delhi, a heatwave is currently occurring in East India and is predicted to persist in some States over the next four to five days.