Rajeev SrivastavaIndia’s benchmark indices the Sensex and the Nifty, which touched fresh highs in November, have fallen prey to outflow from foreign investors and corrected by about 1 percent each in the first week of December.Close The uncertainty over the US-China trade deal as December 15, 2019 deadline nears continues to weigh on the global as well as domestic markets. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed India’s GDP slipping to a six-year low in the September quarter and the surprise move by the Reserve Bank of India (RBI) to leave key policy rates unchanged has also not gone down well with the investors, especially the foreign institutional investors (FIIs).The foreign portfolio investors (FPIs), who have been net buyers with an … [Read more...] about ‘FPIs continue to dominate Indian Equities; mid & small-cap stocks to be in limelight’
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India's mutual fund space witnessed an interesting dichotomy in November.Net inflows into equity mutual funds (MFs), including closed-ended schemes, stood at a mere Rs 933 crore against Rs 6,015 crore in the previous month, latest data released by the Association of Mutual Funds in India (AMFI) shows.On the other hand, investment in equity funds through systematic investment plans (SIPs) saw a strong momentum at Rs 8,273 crore.Close The fall in equity MFs net inflow is primarily due to redemptions in value funds, multi-cap funds and sectoral funds. related news Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation This multiplex stock jumped 47% in 2019 despite slump in consumer spending Overall, the mutual fund industry saw its total asset under management (AUM) hitting Rs 27 lakh crore as of November from Rs 23.59 lakh crore a year ago. That represents a … [Read more...] about Equity inflows drop but SIP figures at all-time high; what should you do?
Housing Development Finance Corporation (HDFC) became the fifth company to cross Rs 4 lakh crore in market capitalisation on December 12, 2019.Oil-retail-to-telecom major Reliance Industries retained its top slot with a market cap of Rs 9.93 lakh crore followed by top Indian IT company TCS (Rs 7.8 lakh crore), second largest private sector lender HDFC Bank (Rs 6.9 lakh crore) and FMCG major Hindustan Unilever (Rs 4.3 lakh crore).With this, now two companies from HDFC Group have entered into the top list of high market cap.Close Currently, four companies are listed from this group including HDFC AMC and HDFC Life Insurance, and their combined market cap stood at Rs 12.75 lakh crore which experts feel likely to cross Rs 13 lakh crore soon. Their market cap was Rs 11.66 lakh crore in May this year. related news BPCL rallies 3% as report suggests roadshows likely to be conducted RSWM share price at 52-week low on rating downgrade According to media reports, non-banking … [Read more...] about HDFC becomes the 5th firm to cross Rs 4 lakh crore in market cap
In light of protests against the Citizenship Amendment Bill intensifying in the Northeast, Meghalaya Chief Minister Conrad Sangma announced on January 29 that 10 political parties, including allies of the BJP, have unanimously opposed the bill.Meanwhile, a conglomerate of 64 civil society organisations has called for a statewide 24-hour strike in Manipur on January 30.The contentious bill has the capability of ruining the prospects of the saffron party in the Northeast given the vehement opposition by regional parties, even the BJP’s allies.Close The bill seeks to amend the Citizenship Act, 1955 so as to make illegal immigrants who are Hindus, Sikhs, Buddhists, Jains, Parsis and Christians from Afghanistan, Bangladesh and Pakistan, eligible for Indian citizenship. related news In pics | Massive protests against Citizenship (Amendment) Bill in Northeast, other regions Anti-Citizenship (Amendment) Bill protests: People defy curfew, police open fire in Assam Jharkhand … [Read more...] about Why is BJP firm on Citizenship Amendment Bill despite violent protests and risk of losing Northeast?
Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020