The Nifty snapped a two-day losing streak and closed moderately higher in a volatile session of trade on December 9, supported by select banking and financial stocks and Reliance Industries.The index managed to defend 11,900 levels and formed a Doji pattern on daily charts, as the closing value was near to the opening tick.The pattern indicates indecisiveness among the bulls as well as the bears, hence experts say there could be more consolidation in the coming days before directional move on either side. But a negative advance:decline ratio -- three shares declined for every two shares rising--point to selling pressure.Close After opening higher at 11,939.10, the Nifty immediately drifted lower and hit an intraday low of 11,888.05. It, however, recouped losses in the late morning deals to hit the day's high of 11,981.95. The index closed 16 points higher at 11,937.50. related news Taking Stock: Nifty ends in the green on a volatile day; India VIX climbs 7% RIL, HDFC Bank … [Read more...] about Technical View: Nifty forms Doji pattern, negative market breadth suggests selling pressure
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Highlights:- Shortlists ICICI Securities, Kotak Mahindra Capital and Nomura as merchant bankers - IPO said to hit the market in April-June quarter of 2020 - CAMS looks to raise around Rs 1,000-1,200 crore, sources said - Proposed IPO will facilitate partial/complete stake dilution of existing investorsLeading mutual fund transfer agency Computer Age Management Services (CAMS), which is backed by NSE, private equity fund Warburg Pincus and HDFC Group, has shortlisted merchant bankers and initiated the process for an initial public offer in 2020, sources told Moneycontrol.Close Chennai-based CAMS serves 67 percent of the assets of the industry across 16 mutual funds and is also backed by Indian mid-market private firm Faering Capital and NBFC ACSYS Investments Private Ltd. related news Walmart launches training programme for MSMEs Exclusive | Bharti Airtel picks Axis Capital, JP Morgan, Citi as advisors for FY20's biggest QIP International airlines make a beeline for … [Read more...] about Exclusive | NSE, Warburg Pincus & HDFC-backed CAMS eyeing IPO in 2020
When beauty blogger Coco Park was dating her now-husband, who is Korean-American, she became fascinated by the gorgeously packaged products in his parents’ bathroom. Finally, one day, she stopped in a Korean beauty store in New Jersey. “Just sampling the products, I was like, ‘Wow, this is a whole new world,’” she says. “The formulations were so different, so nice.” She switched to a Korean skincare routine, which focuses on prevention and perfecting the skin—not just doing spot treatments to hide flaws, but on treating skin as a treasured possession to be nurtured with the best ingredients. Now, she uses 17 skincare products a day. advertisement advertisement Her skin went from dry, sensitive, and prone to breakouts to glowing—even without her previous staple, foundation. “Within two to three weeks, my red marks were fading, my skin was more hydrated. It wasn’t cracking or flaking. Within six months, my skin … [Read more...] about Inside The Booming Korean Skincare Market
Homegrown private equity firm CX Partners is evaluating options to sell part stake in leading casual dining chain Barbeque Nation which has recently revived its IPO plans, four sources with knowledge of the matter told Moneycontrol.CX Partners owns 21.72 percent stake in Barbeque Nation and entered the company in 2013 and made a second investment in 2015. The popular dining brand is also backed by Big Bull Rakesh Jhunjhunwala investment firm Alchemy Capital which holds a 2.07 percent stake. Listed hospitality firm Sayaji Hotels also holds a 45.7 percent stake in Barbeque Nation via a subsidiary."Currently, CX Partners is considering a part stake sale to one of its LP's (limited partners) or a private equity fund. It may also choose to exit completely during the proposed Barbeque Nation IPO. Discussions are fluid right now and it hasn’t finalized its plans as yet,” a source told Moneycontrol. A second source confirmed the same.Close A private equity firm is … [Read more...] about Exclusive | CX Partners open to part stake sale in IPO-bound Barbeque Nation
Systematic investment plans, better known as SIPs, are in the news again. This time for showing a rise in their collections in the first quarter of FY19 despite volatile markets.According to the Association of Mutual Funds in India, in April-June of FY19, the 43-player industry collected a total of Rs 21,548 crore through SIPs, 58 percent higher than the Rs 13,597 crore collected in the same period last year.AMFI data also shows that the MF industry added 9.83 lakh SIP accounts on an average during the first quarter of FY19, with an average size of around Rs 3,300 per SIP account as compared with Rs 3,250 last year.Close At present, domestic mutual funds have about 2.29 crore active SIP accounts, through which investors regularly invest in Indian MF schemes.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension … [Read more...] about What is driving SIP inflows even when equity markets are volatile?