The US Fed appears to be behind the curve in terms of rate cut and hence, we are witnessing uneasiness and choppiness in the markets which could continue to sway either way till clarity emerges, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One warns and advises investors to trade with caution. … Read more
Are some private equity (PE) and venture capital (VC) investors more equal than others? The capital market regulator has asked several funds to reveal the names of investors who have been offered beneficial terms by the funds and have representation on the funds’ investment committees. Many PE and VCs – or, alternative investment funds (AIFs), … Read more
The board of Matrimony.com has approved a share buyback of Rs 72 crore at a price of Rs 1,025 per share, which is a 27.5% premium over Thursday’s closing price. Following the announcement, the stock surged 3% to a day’s high of Rs 829.55. “Board approved the proposal of buyback of 7,02,439 fully paid-up equity … Read more
Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more
Shao Chun, 38, built a seven-figure investment portfolio using four key money principles. The idea of financial freedom can feel like a far-fetched dream — something only a few get to experience after a lucky break, or during retirement after working for decades, but Shao Chun says otherwise. Over the course of eight years working … Read more
“We have been adding consumption driven names and have been cutting beta by adding exposure to defensives such as Pharma, consumption and to some extent IT names,” says Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited. In an interview with ETMarkets, Gohil said: “We are cutting exposure in infra-related capital goods companies and … Read more
Logging its longest winning run in nearly a year, benchmark BSE Sensex rose for the 10th straight day to close at a fresh lifetime high on Monday. Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday. Here’s … Read more
After indexation removal, the flows have slowed down in duration funds, Marzban Irani, CIO of Fixed Income at LIC Mutual Fund AMC, tells ETMarkets. However with September interest rate cut almost a certainty now, debt investors can gain from longer-duration assets, he recommends. Excerpts: Q: After Fed Chair Jerome Powell’s Jackson Hole speech, it is … Read more
Foreign Portfolio Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after … Read more
Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately. … Read more
