Apr 06, 2024, 01:31:52 PM IST Technology funds have lost around 3.96% in one month, an analysis of performance by ETMutualFunds showed. There were around seven active schemes in the category during the said horizon. iStock Aditya Birla Sun Life Digital India Fund lost the most at around 5.52% in one month. ICICI Prudential Technology … Read more
Mumbai: Overseas investors were sellers to the tune of ₹23,441 crore across 10 sectors between February 1 and 15, as per data from National Securities Depository Limited (NSDL) as they shifted money from financials, construction, and power to information technology and healthcare. Financial services witnessed the highest outflows from foreign investors who sold shares worth … Read more
Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more
“So, non-IT are multiple sectors and there are some pockets where it is still growing at a faster rate. Few sectors where it is not growing as fast as what it was let us say two quarters ago,” says Chintan Thakkar, Wholetime Director & CFO, Info Edge.AI is surely picking up pace. And because of … Read more
Mumbai: Indian stocks rose to fresh all-time closing levels on Friday led by a surge in information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren’t as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to … Read more
India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the … Read more
Mumbai: Financial services stocks remained the top pick of overseas fund managers in the second half of December after witnessing record flows in the first part of the month. The sector received ₹6,277 crore in the period between December 16 and 30, according to the data from National Securities Depository Limited (NSDL). In the December … Read more
