Assets of mutual funds grew by over 7 percent in October but equity mutual funds inflows hit a 5-month low in the same period despite a rise in equity markets.Amid intermittent bouts of volatility, BSE's benchmark Sensex rose 3.6 percent last month while the Nifty50 index registered a rise of 3.5 percent in the same period and second consecutive month when the index closed in the green.Mutual fund schemes witnessed a net inflow of Rs 1.33 lakh crore last month as compared to an outflow of Rs 1.51 lakh crore in September, according to the data released by Association of Mutual Funds in India on November 9.Close The inflows helped the asset base of the MF industry grow by almost 7.5 percent taking the total AUM to Rs 26.32 lakh crore. related news Inflation a concern, but RBI rate cut a strong possibility, say experts In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy? Muthoot Finance share price rallies 8% on stellar Q2 results Equity mutual … [Read more...] about Top 30 large, mid & smallcap stocks fund managers bought, sold in October
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Indian equity market looks fragile at this juncture as global and domestic headwinds have eroded investors' risk appetite.At first glance, it appears that the trend of 'sell-on-rise’ is dominant as every one or two sessions of gain in the market is succeeded by a fresh wave of selling.While the worries over the US-China trade war remain, deteriorating domestic microeconomic health, plunging auto sales—a major indicator of the country's economic health—and the budget proposal of tax surcharge on super-rich have shaken India's position as an attractive market.Close "Markets mostly have been a one-way street since the presentation of Union Budget on July 5 when the government proposed to increase tax on foreign portfolio investors (FPIs) up to 42 percent," said Standard Chartered (India). related news 'India's long-term outlook is good; invest in these 5 stocks for double-digit returns' In Focus with Udayan Mukherjee | Can the stock market rally despite … [Read more...] about These 9 mid & smallcap stocks look attractive in a fragile market; do you own any?
Here are the stocks which are in news today:Results Today: Bharti Airtel, ONGC, Vodafone Idea, SAIL, Grasim Industries, Union Bank of India, Glenmark Pharma, MEP Infrastructure, Balkrishna Industries, MTNL, GVK Power, Suzlon Energy, GMR Infra, Unitech, PFC, Reliance Power, Sadbhav Engineering, Dish TV, Page Industries, Prabhat Dairy, Godfrey Phillips, Dilip Buildcon, HCC, Apollo Hospitals Enterprise, Reliance Infrastructure, MOIL, IDFC, Future Retail, Suven Life, NBCC, CESCBlue Star Q2: Consolidated net profit rose 94.1 percent at Rs 38 crore versus Rs 19.5 crore, revenue was up 21 percent at Rs 1,249.5 crore versus Rs 1,032.2 crore, YoY.Close Coffee Day says there will be a delay in submission of Q1FY20, Q2FY20 & H1FY20 results related news Stocks in the news: Tata Motors, BHEL, Adani Ports, Britannia, Lupin, Godrej Industries, Tata Power, Balmer Lawrie Stocks in news: Ashok Leyland, Lupin, Britannia, IDBI Bank, Nila Infra, Laurus Labs Stocks in the news: ICICI Pru, … [Read more...] about Stocks in the news: Bharti Airtel, Aurobindo Pharma, ONGC, ARSS Infra, Adani Power, Bata, BHEL
Anand RathiLiving up to this spirit, the Indian economy seems to be coming out of the cycle of low growth and subdued sentiments. We are heading towards a slow but steady recovery in the second half of the current year and greater prosperity in the next financial year. Buoyed by better economic performance and significant policy reforms, especially the cut in the corporate tax rate, Indian equities have bounced back.The recent steps taken by the government suggest that rather than taking shortcuts or populist measures, the government is taking administrative and structural measures, which would improve the long-term performance of the economy.Close Earnings have beaten expectations led by autos and financials with pre-tax profits up 13 percent YoY and 6 percent ahead of expectations. related news Brokerages remain bullish, Cadila Healthcare share price up 3% Children's Day special! These 9 stocks could give bumper returns in the next 10 years Top buy and sell ideas by … [Read more...] about ‘India’s long-term outlook is good; invest in these 5 stocks for double-digit returns’
Trading at its lowest level since December 2018, the Indian rupee opened lower by 10 paise at Rs 71.91 per dollar on August 23 versus the previous close of Rs 71.81.The domestic currency looks set for the biggest monthly fall in six years as it is down 4.6 percent this month and 3.1 percent in 2019.Chinese yuan's fall has also put pressure on emerging market currencies. As per Reuters, the yuan slumped to an 11-year low. Traditionally, Indian currency follows its Chinese counterpart as both countries aim to remain export competitive.Close A feeble rupee is not a good sign for the market as it indicates that foreign investors are bearish and exiting their positions. At a time when the market has a lot to worry in terms of the trade war, weakening the economy and lacklustre corporate earnings, the fall in rupee can only aggravate the outflow of foreign funds. related news Ideas for Profit | What makes this contract manufacturer worth a shot? Despite M&M’s dismal … [Read more...] about Rupee at 8-month low; here are 10 stocks that could benefit from the fall in INR