Markets in Asia-Pacific declined in early trade on Tuesday, amid lack of overnight cues from U.S. markets due to holiday. Japan’s benchmark indices snapped its record-breaking rally, with the Nikkei 225 declined as much as 0.53% in early trade. The Nikkei 225 was trading 0.07% lower at 35,875.78 as of 06:28 a.m. Japan reported its … Read more
The State Bank of India has acquired a 6.35% stake in Canpac Trends Pvt. by mopping up 3.7 lakh shares for Rs 1,349 apiece. The investment is being made by the public sector bank with the objective of capital appreciation, according to its exchange filing issued on Thursday. Canpac Trends, incorporated in 2004, is a … Read more
IRB Infrastructure Developers: The company’s SPV, IRB Lalitpur Tollway Pvt., signed a concession agreement with NHAI for the Lalitpur Lakhnadon TOT Project in the state of Madhya Pradesh. The project will pay an upfront of Rs 4,428 crores to the NHAI for tolling and O&M of a 316-km stretch of NH44 for a revenue-linked concession period … Read more
Typically, flexi cap means the fund manager has a free hand, while multi-cap schemes have a restriction of 25% of market capitalisation, Gabajiwala, director with Ventura Securities told BQ Prime’s. In the past year, small caps and mid caps have outperformed large caps. Currently, many multi-cap funds hold 27-28% mid and small caps. However, very … Read more
In the financial segment, Axis Bank Ltd., Bajaj Finance Ltd., Cholamandalam Investment and Finance Co., ICICI Bank Ltd., ICICI Prudential Life Insurance Co., IndusInd Bank Ltd. and Shriram Finance Ltd. featured in the brokerage’s top buy list. TVS Motor Co. and Eicher Motors Ltd. were among Jefferies’ top picks in the automotive sector. Among the … Read more
People often consider that markets are on the higher side and ask if they should start SIPs right away or wait for a couple of months, Manuj Jain, co-head–products and strategies at WhiteOak Capital AMC, told BQ Prime’s Niraj Shah. “People who time the market ended up making less money as compared with somebody who … Read more
Stock Market Today: All You Need To Know Going Into Trade On Nov. 17 BQ Prime Source link
“It is in such cases, we send it back to bank boards and ask them to re-look it and then come to us,” he explained, while referring to the central bank’s circular on private sector bank executives’ compensation. Das was addressing questions at the Business Standard BFSI Summit. The central bank’s circular is only a … Read more
Mohit Gang: I will go with the Aditya Birla U.S. Treasury Fund first. It is a very, very unique idea. It is especially meant for very sophisticated, savvy clientele who understand not just the debt market, not just the bonds and the yields, but also the U.S. bond markets and have been studying them, and … Read more
Trideep Bhattacharya: I think overall, if you look at it from a bit of an equity market outlook it will probably set the context. And hence, the portfolio be would run the way it will be. If you look at the macro today, whether you look at global macro or local macro, punctuated by the … Read more