Four of Nifty’s five top gainers were banks, fetching 70% of the Nifty’s 223.45-point gain to 22,643.40. They also were the top five stocks on the Sensex, which rose 1.28% to 74671.28. Analysts expect the bellwether indices to outperform their small- and mid-cap counterparts, as large private sector banks close the valuation gap. The 12-stock … Read more
Motilal Oswal Financial Services Ltd (MOFSL) is tapping the bond market to raise up to Rs1,000 crore from non-convertible debentures (NCDs). The bond issue, the first of its kind from Motilal Oswal that offers investors interest of up to 9.7%. opened on 23 April and is set to close on 7 May. The issue is … Read more
(Reuters) – The Financial Times had signed a licensing agreement with OpenAI to train artificial intelligence (AI) models on its attributed content, the newspaper said on Monday, in the latest media tie-up for the Microsoft-backed startup. The agreement will enhance OpenAI’s generative AI chatbot ChatGPT with attributed FT content, and the firms will collaborate on … Read more
ICICI Bank’s shares hit a new 52-week high of ₹1145.35 apiece on Monday, rising by more than 3%, after its March quarter (Q4FY24) did not bring any negative surprises. India’s second-largest private lender’s results met analysts’ expectations, reporting an increase in its loan book and net profit. ICICI Bank managed to keep a tight lid … Read more
Making an “All-Time High” is a characteristic of a market in a growing economy. We often face a dilemma when investing at the “All-Time High” of a market. However, when we examine the data from 1991 to March 2024, out of a total of 33 years and 3 months, the market reached an “All-Time High” … Read more
Outstanding positions in marketwide futures hit a record ₹4.38 trillion on Thursday when the May series of derivatives began, pointing to a volatile month ahead. Marketwide futures include single stock futures and index futures (Nifty and Bank Nifty). While the market has priced in a victory for the ruling National Democratic Alliance when the results … Read more
What will be taxation on capital gains if the primary holder of a joint account for mutual funds (MFs) dies and the survivor decides to redeem the units soon after. Consider a scenario where the joint account holders invested in an MF equity linked savings scheme (ELSS) on 1 January 2023. Soon after the death … Read more
Investors will also closely watch Fed Chairman Jerome Powell’s press conference for insights on the US central bank’s future monetary policy path. The Fed is widely expected to hold interest rates steady. The week will also see other economic data such as auto sales and ISM manufacturing, and earnings reports from a wide range of … Read more
Vishal Khandelwal, founder of ‘Safal Niveshak’—a popular blog on investing that is now into its fourteenth year—is one such investor. Khandelwal says Munger’s words struck a chord with him and he has since made it his life motto—to try and be useful, through his own writing and everything else that he does. “While I have … Read more
Two mutual funds and an alternate investment fund, that are unitholders of Embassy Office Parks REIT (Real Estate Investment Trust), will vote against its resolution to raise ₹3,000 crore to acquire a business park in Chennai with an enterprise value of ₹1,269 crore on Monday. The grounds for opposition are that the proposed fund raise … Read more