“Over the past year, our Pratham and Vision portfolios have delivered returns of 47% and 42%, respectively. In comparison, the BSE 500 has returned 41% and the NIFTY 50 has returned 31% over the same period” says Riya Oswal Bafna- Co-Fund Manager at Purnartha. In an interview with ETMarkets, Riya said: “We have expanded our … Read more
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the … Read more
Having outperformed the broader Nifty 50 index in the last one year, the Nifty IT index rallied 8.5% in the last 7 consecutive sessions to reach its new peak at 41,7746.55 in Tuesday’s session. The Nifty IT Index has surged 32% last year, with the recent outperformance driven largely by a healthy first quarter, especially … Read more
ET Intelligence Group : Next time the benchmark Nifty 50 index is reconstituted at the end of September, one is likely to gain more by investing in the stock that is being excluded instead of the one that is being included in the index. Two out of three times over the past 10 years, the … Read more
As we conclude the Q1FY25 earnings season, a detailed analysis indicates a steady landscape with subdued topline growth. The Bank and Auto stocks within the Nifty 50 demonstrated noteworthy performance by exceeding the Nifty 50’s overall sales growth. However, the underperformance of the Infrastructure, Pharmaceuticals, and Metal stocks within Nifty 50 tempered the earnings growth … Read more
ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power – and allure – of equity for the ordinary Indian saver. It’s no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic … Read more
ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power – and allure – of equity for the ordinary Indian saver. It’s no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic … Read more
ET Intelligence Group: Nifty 50 companies are expected to report double-digit growth in aggregate revenue and profit for the June quarter, driven by select companies from the automobile, banking and finance, and pharmaceutical sectors. According to ETIG estimates, the sample’s net profit is expected to grow 26.4% in the quarter. Cautiously Optimistic Outlook This growth … Read more
Nifty ended Thursday’s session 16 points higher above the 24,300-level to form a red candle with a minor upper shadow. The overall trend of Nifty remains positive as per smaller to larger time frame chart. Having placed at the hurdle of around 24400 levels (1.618% Fibonacci Extension), there is a possibility of this consolidation/minor dip … Read more
Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry. Having reached near the overhead resistance of around 24,400 levels (1.618% Fibonacci Extension), the market could shift into further consolidations/range bound movement in … Read more
