In today’s global market, investors, new and old, are constantly on the lookout for opportunities to expand and diversify their portfolios. The US Dollar, as one of the world’s most stable currencies is hugely popular to build a strategy around. As a trader, you’re able to rally behind or trade against the US dollar, when strategically
LIC’s shares surged over 3% in morning trade on Thursday after the insurer reported a five-fold increase in fourth-quarter net profit. In Q4, India’s largest life insurer made a net profit of ₹13,428 crore, up from ₹2,372 crore in Q4. On a sequential basis, LIC’s bottom line grew from 8,334 crore in Q3 by 61%.
Metal, IT and banking stocks declined in the first half of trade on Thursday, amid negative cues from global markets. With Sensex at 61,571 points and Nifty50 at 18,219 points, both benchmark indices were down 0.3%. Sensex and Nifty50 gainers and losers Top gainers Change Top losers Change Bharti Airtel 2.38% Adani Enterprises -2.48% Bajaj
First among the equals is Adani group stock Ports and SEZ, which has seen its share price bounce back to pre-Hindenburg levels. As of Tuesday, Adani Ports & SEZ shares rose by 6% to 773 apiece, up from the closing price of 761 on January 24. Hindenburg Research’s report was published on that day, sparking
So far in 2023, asset management companies listed on Indian stock exchanges have lost 20-32% of their value as several stricter regulatory norms affect their profit margins. A change in the tax structure for debt funds, increased competition and stricter tax expense ratios (TER) are some of the factors affecting mutual fund companies. Among the
In April, foreign portfolio investors (FPIs) observed strong inflows into financial services and auto stocks, which together accounted for #9,677 crore of inflows. In April, foreign institutional investors purchased Indian equities net, continuing their purchases from last month. In total, 16 out of 24 sectors experienced inflows during the month, whereas five sectors experienced outflows
Investing in stocks often equates with the prospect of rapid and large financial rewards. The stock market does give profits, but such gains are not without danger. You have to be willing to take on the volatility risks of stock price fluctuations to get a decent return. Investing in the stock market is a high
Following the RBI’s surprise pause in rate hikes on Thursday, Indian stock markets recovered from early losses. The repo rate was kept unchanged at 6.50%, contrary to wide expectations for a 25 basis point increase. RBI governor Shaktikanta Das said, “The MPC (Monetary Policy Committee) unanimously decided to keep the repo rate unchanged at 6.50%
While India’s corporate earnings performance in the December 2022 quarter was muted and largely below market expectations, analysts remain largely bullish on the top 100 stocks by market cap. A Motilal Oswal analysis shows that analyst recommendations on these stocks have moderated only marginally from 73% a year ago to 71% in March 2023. Based
It announced on Friday that it raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. Bira 91 plans to use the funds to ramp up production, enhance supply chain, and enhance innovation, raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. “MUFG Bank has consistently invested in the Indian economy. Due
