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Analysts on Dalal Street maintained their bullish view on the domestic equity market after the benchmark equity index BSE Sensex scaled 50,000 for the first time on January 21. Their views came after the market witnessed spectacular bull run from the lows of March 2020, when the market tanked due to the nationwide lockdown. The […]
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Global brokerage firm CLSA is most bullish on Max Financial Services in the insurance space. It was followed by SBI Life then HDFC Life Insurance and ICICI Prudential Life Insurance Company. In its report on January 19, CLSA said that private life insurers have recovered well from the pandemic with positive APE (annual premium equivalent) […]
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The benchmark equity index BSE Sensex scaled another psychological level of 50,000-mark for the first time on Thursday. Heavy buying in index heavyweights including Reliance Industries, Bajaj Finance and ICICI Bank lifted the sensex past 50,000.Overall, the index has gained around 95% from the lows of March 24, 2020, when the market tanked due to […]
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How will the markets react to the budget announcements. Money9 takes a look
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Billionaire investor Radhakishan Damani hiked stake in at least two smallcap companies during the September-December quarter when the benchmark BSE Sensex and NSE Nifty indices jumped nearly 25%. Latest data available with stock exchanges showed that Damani and his family held 21.14% stake in India Cements as of December 31, up from 20.40% in the […]
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DII refers to ‘Domestic Institutional Investors’. DIIs invest in financial assets and securities of their home country. They use pooled funds to trade in securities and assets. These investments are are influenced by political and economic trends in the country. In addition to foreign Institutional investors (FII), the DIIs also play a decisive role in […]
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The Securities and Exchange Board of India (SEBI) made two big announcements in the last couple of months for equity funds category. SEBI changed the allocation rules for multi-cap funds in September last year. Each multi-cap fund will now be required to invest a minimum of 75% in equities and related instruments. The previous rule […]
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NIFTY 50 is a benchmark based index and also the flagship of NSE, which showcases the top 50 equity stocks traded in the stock exchange out of a total of 1600 stocks.
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Many investors keenly follow the Union budget, but this year the interest will be greater than usual. There are hopes that finance minister Nirmala Sitharaman will introduce measures to revive the economy. Further, investors are also hoping that some of the investor-unfriendly measures introduced in the past few years will be rolled back. Here are […]
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India’s internet sector is set to witness hyper-growth in the coming years as tech companies steadily disrupting the traditional services by eliminating “middlemen”, delivering faster, cheaper and more convenient products and services, according to BofA Securities. In a report on January 13, the global financial services firm said that a supportive government, tech-savvy young population, […]