The IRCTC OFS will help the government move closer to its Rs 2.10 lakh crore disinvestment target. Of this, Rs 1.20 lakh crore will come from disinvestment of public sector undertakings and another Rs 90,000 crore from stake sale in financial institutions. … [Read more...] about IRCTC shares fall 4% as reports suggest govt may offload some stake
"EBITDA missed our estimates, dragged by high contractual and fuel costs. Contractual expenses came in at Rs 3,520 crore, significantly above our estimate of Rs 1,830 crore. Fuel cost at Rs 600 crore was also 16 percent higher than the estimate," the brokerage said. … [Read more...] about Coal India shares declines on sharp fall in Q1 earnings, but Emkay sees 53% upside
"The move by the regulator is structural. As on August 2020, the assets under management (AUM) under multi-cap funds were around Rs 1.45 lakh crore. Of these, around 70-75 percent of the funds were invested in largecap stocks and rest in mid-smallcap stocks. So we are estimating around Rs 30,000-35,000 crore additional liquidity for the mid-smallcap space," Choice Broking said. … [Read more...] about Sebi’s multi-cap fund norms may see Rs 25-35K crore move from largecaps to mid and smallcaps
The Securities and Exchange Board of India (Sebi) on September 13 clarified that multi-cap schemes need not necessarily churn their portfolios by selling largecap stocks or buying smallcaps in multi-cap schemes to meet the new norms, but can also exercise options such as merging schemes with largecap funds, re-positioning them as large- and midcap schemes, or facilitating unitholders' switch to another scheme. … [Read more...] about Sebi says mutual funds can merge multi-cap schemes, or re-position under different category
Volumes are the key factor in determining the strength of a bull run and daily average trading volumes have been relatively low, which could be another hint that a correction is coming. Technically speaking, the index is looking at a near term resistance around 21500. Failure to breach this level could see a fall in the near term. Any breakout below 19700 levels could see it enter into the negative terrain. … [Read more...] about Dow Heading To More Record Highs?