A strong net inflow by foreign portfolio investors (FPIs) in September has turned their total secondary market investment in Indian equities positive for the calendar year so far to $4,140.3 million (Rs 34,554 crore) compared with a net outflow of $1,417 million (negative Rs 11,998 crore) at the end of August. According to the data … Read more
Rajat Sharma, Founder & CEO, Sana Securities, says the energy and energy transition sectors are extremely overheated, and he would stay away from this. He likes the energy and power sector in an emerging economy like India and says it should do very well. Sharma says one should buy these stocks and have these in … Read more
Trideep Bhattacharya, CIO-Equities, Edelweiss MF, says within the various flexi caps that are there, it is important to have a reasonable mix of funds if there are more than one, where the large, mid, and small mixes are quite different. In case of multiple flexicaps, the overlaps would be relatively smaller, so to speak. So, … Read more
Goldman Sachs bought over 13 lakh shares in Arvind Fashions via block deal on Wednesday at a cost of Rs 75.35 crore. The American multinational investment bank and financial services company bought Arvind Fashion’s shares at a price of Rs 574.73 per share via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio. This is … Read more
The collective weight of the consumption-related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the portfolios of foreign portfolio investors (FPIs) reached a record high 25.5% at the end of August 2024, according to data from NSDL. It increased by 308 basis points over the past 12 months. FPIs have invested $8.5 … Read more
“Never mind even the yen carry trade, my sense is it is also gradually unwinding and some of the good analysis also is there in the market. So, I think all said and done, yes, that will continue. But I think we can look forward to about three rate cuts, about 25 basis point, one … Read more
Hemang Jani, Independent Market Expert, says the happy hours may be over but the market might see a certain theme extending itself, given the overall structural reforms or the growth visibility that some of them offer – something on the defence side or clean energy side. This time, it would make sense to be a … Read more
Discount broking firm Zerodha, owned by Nithin and Nikhil Kamath, booked profits on the BSE and added Radico Khaitan to its investment portfolio in the June quarter of 2024. Zerodha reduced its stake in BSE from 23.3 lakh shares (1.72%) in the March quarter to 19.8 lakh (1.46%) in the June quarter. This reduction follows … Read more
Mumbai: Anuj Sheth, Manish Jain, Vijay Kedia, and Akash Bhanshali were the top wealth creators among the 15 wealthiest individual investors in India during the June quarter. In contrast, the portfolios of Jhunjhunwala and Family, Ashish Kacholia, Tejas Trivedi, and Vishwas Ambalal Patel saw a decline during this period, according to primeinfobase.com data. These portfolios … Read more
A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy … Read more
