HDFC Large and Mid Cap Fund mutual fund scheme formerly known as the HDFC Growth Opportunities Fund has given an extended internal rate of returns (XIRR) of over 27% in the last five years. This means that an investment of Rs 10,000 via monthly systematic investment plan (SIP) route would have nearly doubled and turned … Read more
Indian market is likely to trade higher on Wednesday tracking positive global cues. The Nifty future closed positive with gains of 0.27% at 22231 levels on Tuesday. India VIX moved up by 0.31% from 16.02 to 16.07 levels. Positive trading setup was seen in stocks like Power Grid, Deepak Nitrite, Aarti Industries, BHEL, HDFC Bank, … Read more
Indian market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed positive with gains of 0.32% at 22167 levels on Monday. India VIX moved up by 5.22% from 15.22 to 16.02 levels. Volatility slightly rose but created momentum for the bulls. Positive setup was seen in stocks like GMR Infra, … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.45% at 22015 levels on Thursday. India VIX was down by 1.36% from 15.44 to 15.23 levels. Volatility has been cooling down from the last three sessions and giving comfort to the bulls at … Read more
Equity indices climbed for a third straight day amid positive global cues. The 30-share Sensex rose 227 points to close at 72,050 and the broader NSE Nifty also gained 70 points to end at 21,910. Stocks that were in focus included names like M&M, which rose 6.81%, Vedanta, which declined 4.17%, and NTPC, whose shares … Read more
State-owned power giant NTPC has received approval from the Department of Investment and Public Asset Management to list its green energy arm NTPC Green Energy Ltd (NGEL) to raise up to Rs 10,000 crore, according to a source. NGEL is expected to go public to raise up to Rs 10,000 crore anytime after March, the … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
MUMBAI: There is very little value in most parts of the equity market after the recent run-up seen in shares, said Kotak Institutional Equities, advising investors to expect low returns in the election-bound 2024. The brokerage has been cautious on the mid- and small-cap space for the last three to four months, and following the … Read more
