As higher interest rates sustain for a longer period, it can create stress in currencies and bond markets, says Mihir Vora, Chief Investment Officer, TRUST Mutual Fund. “Such volatility can lead foreign investors withdrawing money from emerging markets including India. Investors should remain vigilant and diversify their portfolios to mitigate potential risks,” he says. Edited … Read more
The primary market is gearing up for another stellar week as three companies launch their initial public offerings (IPOs) to raise just over Rs 2,700 crore this week. The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the … Read more
Mumbai: State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender’s first debt issuance of the current financial year witnessing firm demand from the investors. Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to … Read more
An anti-green backlash in 2024’s global election-supercycle is already taking a toll on environmental, social and governance-focused assets, with an ultimate test still to come in the US presidential vote. Investors have pared exposure to sectors including renewable energy and electric cars as candidates in some of the dozens of nations holding polls this year … Read more
India’s imminent inclusion in the world’s most widely followed emerging market bond index, JPMorgan’s GBI-EM, is expected to draw a combined $11 billion away from South Africa, Poland and Thailand’s local markets, the bank’s analysts have estimated. The Wall Street lender said India’s entry, which starts on Friday and will take 10 months to complete, … Read more
As many as 7.9 million new investors started investing in mutual funds over the last one year, taking the total number of unique mutual fund investors up to 46 million. Many more investors are likely to buy mutual funds in the coming months. Investors have an option to buy and hold their mutual fund units … Read more
Equity benchmarks closed higher on Monday recovering from early lows even amid a bearish trend in global equity markets. The 30-share Sensex ended 131 points higher at 77,341 and the Nifty rose 36 points to settle at 23,537. Stocks that were in focus include names like Raymond, which rose 3.6%, JK Paper, which gained 4.3%, … Read more
Mumbai: Wealth managers are worried about high flows into sectoral and thematic funds at a time when benchmark indices are trading close to their all-time highs, as many of these schemes have narrow mandates and carry higher risk than diversified equity funds. Some sectors require timing for entry and exit, which retail investors lack, they … Read more
The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure. The NCLT approval facilitates the separation of demerging entity Raymond Ltd and Raymond Lifestyle, which … Read more
Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more
