The Indian benchmark indices are trading in the red following weak Asian cues with Nifty down 54 points and is trading at 11,777 while the Sensex shed 215 points and is trading at 39,385 level.Nifty Pharma is down a percent dragged by Aurobindo Pharma which shed 5 percent after the company received warning letter from the US health regulator for Srikakulam unit. The other losers are Glenmark Pharma, Cadila Healthcare, Divis Labs and Sun Pharma.From the auto space, the top losers are Tata Motors DVR, Tata Motors, Motherson Sumi Systems, Maruti Suzuki, Bosch and Exide Industries.Close Shares of TVS Motor Company slipped more than 2 percent intraday June 21 after brokerage house CLSA has maintained sell call on the stock with a target of Rs 360 per share. The firm has cut FY20-21 EPS estimate of the company by 11-16 percent. related news Market Live: SGX Nifty indicates flat to positive opening for Indian indices Stocks in the news: Yes Bank, … [Read more...] about D-Street Buzz: Nifty Pharma in red dragged by Aurobindo Pharma; Titan hits new 52-week high
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The Indian stock market has regained some lost ground with Nifty still trading in the red, down 12 points and is trading at 11,893 while the Sensex shed 51 points and is trading at 39,705 level.Nifty Realty added over half a percent led by Indiabulls Real Estate, Godrej Properties, DLF and Prestige Estates.The top gainers from the media space are Zee Entertainment which jumped over 2 percent followed by Inox Leisure, TV Today, Sun TV Network and Network18.Close However, Nifty PSU Bank continues to underperform all other sectors, dragged by Punjab National Bank, Union Bank of India, Central Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce. related news Motilal Oswal cuts L&T target price on lower growth expectation D-Street Buzz: IT stocks drag led by TCS; Zee Ent falls 3%, Indiabulls Housing most active South Indian Bank share price declines on rating revision India VIX is down 2.55 percent at 13.76 … [Read more...] about D-Street Buzz: Over 200 stocks hit 52-week low on BSE; Jet Airways plunges 20%, Zee Ent gains
Bharat Bond ETF, which has emerged as an attractive opportunity for investors to participate in the debt market, might not help you in achieving your crorepati dream but can certainly help you diversify.The Bharat Bond ETF will make its entry into markets this week. The ETF, managed by Edelweiss Mutual Fund, would be open for investment soon. The new fund offer is expected to open on December 12 and will be open for subscription till December 20.Bharat Bond ETF might not be able to replace equities to generate wealth for investors, but it is a good replacement to fixed deposits if someone is looking for stable returns, suggest experts.Close According to experts, portfolio allocation towards Bharat Bond ETF could be in the range of 10-20 percent depending on the risk profile of investors. related news Wealthy investors made 10-27% gains from multi-cap schemes in 2019; should you bet? Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed Nifty's earnings … [Read more...] about Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation
Benchmark indices continue to trade on a positive note but is off the high point of the day with Nifty up 12 points and is trading at 11,684 while the Sensex added 72 points and is trading at 39,033 level.Nifty Energy has added half a percent led by gains from HPCL, BPCL, GAIL India and ONGC while Reliance Industries was marginally trading in the red.Nifty PSE is up close to a percent led by NHPC, Power Grid, REC and Coal India among others.Close Selective banking names are up in this afternoon session ICICI Bank, IndusInd Bank, RBL Bank, State Bank of India, Central Bank of India, Oriental Bank of Commerce, Syndicate Bank and Union Bank of India. related news Market Live: SGX Nifty indicates flat to positive opening for Indian indices Stocks in the news: Yes Bank, RIL, Piramal Enterprises, IDBI Bank, Reliance Capital, GHCL, PC Jeweller In The News podcast | Massive protests against CAB; Yes Bank still discussing $1.2 bn bid; India … [Read more...] about D-Street Buzz: Over 350 stocks hit 52-week low on BSE; YES Bank down 7%, ADAG stocks fall
The multi-cap category generated maximum wealth for the ultra-rich in 2019, data from PMSBazaar.com showed.Even though small & midcap indices recorded double-digit fall from their respective record highs, select quality names created wealth also, suggest experts.Data for PMS schemes for the period December 1, 2018 to November 30, 2019, highlighted that the multi-cap category was a winner.Close As many as 30 out of 55 schemes covered by PMSBazzar.com under the multi-cap category gained 10-27 percent in the 1-year period, data showed. related news Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed What changed for the market while you were sleeping? Top 10 things to know Early on D-Street | Selling pressure could increase if Nifty fails to hold 11,844 Portfolio Management Services cater to wealthy investors. The minimum ticket size of these schemes was raised from Rs 25 lakh to Rs 50 lakh recently by SEBI. The professional fee charged by … [Read more...] about Wealthy investors made 10-27% gains from multi-cap schemes in 2019; should you bet?