Wellness Financial News

Amfi, in response, directed the fund houses: "In the context of the froth building up in the small and midcap segments of the market and the continuing flows in the small and midcap schemes of mutual funds, Trustees, in consultation with Unitholder Protection Committees of the AMCs, shall ensure that a policy is put in place to protect the interest of all investors," the letter read. So far so good. It was brave of Amfi to lift the “froth" line verbatim in its missive to the mutual funds.

Varun Beverages Ltd. traded 0.9 per cent lower in Monday's session at 02:04PM (IST). The stock opened at Rs 1464.55 and has touched an intraday high and low of Rs 1464.55 and Rs 1404.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 1560.3 and a 52-week low of 633.3. About 60,219 shares changed hands on the counter so far.

Taher Badshah, Chief Investment Officer at Invesco Mutual Fund believes it is going to be a period of low triggers in the market as there is not much in terms of actionable events to look forward to, except for policy rates at a global level, the monsoon development, and the election results from a domestic standpoint. In an interview with Mint, Badshah shared his views on markets and sectors he is positive about. Edited excerpts: We will be in the run-up to the elections in the coming weeks, but that too, at some level, has been taken into cognizance by the market.

₹43,500 crore and ₹80,700 crore, respectively. This is even though the former’s market share is at 16% versus about 8% of the latter. A deep dive into the comparative financials of the two reveals the reasons.

Godrej Properties (GPL) and DLF, which realty stock has better long-term investment opportunities. Both DLF and Godrej Properties have outperformed the benchmark this year so far. While DLF has risen almost 29 percent in 2024 YTD, GPL has advanced 24 percent in this period.

₹1,500 apiece. That’s an upside of 18% from its previous close of ₹1,267.45. Under managing director and chief executive Sudhir Sitapati, who joined from Hindustan Unilever in October 2021, GCPL has embarked on an aggressive growth path.

CLSA downgraded certain stocks with stretched valuations and weaker industry spreads compared to their nemesis. The Hong Kong-based brokerage downgraded JSW Steel and Tata Steel while reiterating its underperform rating for Jindal Steel & Power. JSW Steel shares fell 3% to the day's low of Rs 818.50 on the NSE in the early trade. CLSA has downgraded the stock to 'Sell' from an earlier 'Underperform' rating while slashing its target price to Rs 730 from Rs 810. Today's correction comes on the back of a three-day rally. At 10:05 am, more than 14.27 lakh shares changed hands on the NSE with the total traded value at Rs 117.66 crore.

₹10,000 crore and, by its estimates, add about 40% to industry capacity. Even as stocks of major paint companies took a hit in recent days, their long-term trajectory explains this beeline to get into the business. Since March 2015, an index of paint stocks has delivered a compounded annual return of 16%, against 11% delivered by the Sensex.

₹1,356.50 apiece on the BSE. Adani Ports and Special Economic Zone handled 35.4 MMT of total cargo in February, registering a growth of 33% from the volumes handled a year back.

Sanjiv Bhasin, Director, IIFL Securities, says they remain extremely bullish on this space. There will be upgrades, downgrades at new highs. Who thought Tata Steel will go to Rs 165 from Rs 100 in the last six months and right now, SAIL is the new GAIL. So, one can imagine the left-out feeling. Bhasin says: “We continue to be very optimistic. Our dark horse play there continues to be Nalco, JSW and Vedanta.” Over the last week, the metal pack had a very solid run. But today, CLSA has downgraded JSW Steel as well as Tata Steel. Do you think they are a bit too conservative and early in downgrading or do you think the rally has played out? Sanjiv Bhasin: Since a couple of weeks ago, I have been saying that the dollar is headed lower and if China comes back, we will see metals do well. We have seen that there has been no capacity addition. And I think the way nickel, copper, all both ferrous and non-ferrous are performing, this could be a very sweet time for metals, particularly commodities, particularly metals. And we remain extremely bullish on this space.

Adani Green Energy Ltd. and associated firms are offering the 18-year note at initial price guidance in the 7.125% area, according to a person familiar with the matter, who asked not to be identified because the matter isn’t public.

Investing.com-- Federal Reserve Chair Jerome Powell is likely to reiterate his hawkish stance on interest rates and inflation when testifying before Congress this week, analysts at ANZ Group said in a note on Monday. 

Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts

The royal house of Norway says King Harald has been implanted with a temporary pacemaker at a hospital in Malaysia’s resort island of Langkawi

Rahul Gandhi slams ‘BJP-BJD partnership’ in Odisha during Bharat Jodo Nyay Yatra As reported by ANI, Dhali alleged, “I like BJP, it is an independent party. BJD is not independent. The administration in BJD is not going well, nobody listens to anyone." Initially elected to the assembly from the Malkangiri constituency in 1992 in a by-election under the BJP banner, he secured re-election for two consecutive terms.

TOKYO (Reuters) — Japan's government is considering declaring an end to deflation in the wake of rising prices, Kyodo news agency reported, citing sources with knowledge of the matter.

Mint amid the frenzy in many of these stocks. The founder of GQuant Investech believes that Sebi is right in sounding the alarm bells about the froth in the small-cap space , even as these warnings are being cheerfully ignored by the market.

market is poised to maintain its positive momentum, with large-cap stocks expected to outperform the broader market. This trend is indicated by the Nifty vs Nifty 500 ratio reaching its lowest point. Analysts anticipate Nifty to climb towards 22,800, provided it remains above 22,300. Some of the recommended stocks include Reliance Industries, Axis Bank, ICICI Bank, SBI, Infosys, Hindalco, Jindal Steel, BEL, Tata Steel, M&M, and BHEL. DHARMESH SHAH HEAD TECHNICALS, ICICI SECURITIES

STOCKHOLM (Reuters) — Alecta's chairperson Carina Akerstrom has resigned only a week after she started in the position, the Swedish pension fund said on Sunday, adding it had reinstated its former interim chair.

₹1 apiece at Jan Aushadhi Kendras imply a significant rise in real living standards at relatively low household spending levels. Similarly, the impact of prominent schemes such as the Swachh Bharat Mission, Ayushman Bharat and PM-Awas Yojana in directly improving the living standards of Indian households could be interpreted as a (notional) rise in consumption expenditure, especially for the lower fractiles.

Every time farmers agitate in Delhi to cut a deal with the government, I wait for a slew of comments that say the “real issue" is that “farming is unremunerative." This is said by those who have compassion for farmers and also those who dismiss their demands. What they mean, in modern parlance, is that farming has a bad revenue model. If the world’s most popular consumer behaviour, eating, cannot make food production “remunerative," it makes me wonder what exactly is lucrative.