October 15th, 2022 8:06 AM 0 COMMENTS

Diversified Global Emerging Markets Funds Are on Losing Streak, According to Cameron Brandt of EFPR Global

Cameron Brandt, director of research at Emerging Portfolio Fund Research, Inc. Global, and Ed Yardini, president of Yardini Research, spoke with CNBC TV-18 about global market trends today. Edited excerpts: Going by the data for the prior week equity funds have been seeing outflows. EM equity funds have seen outflows. For eight straight weeks, we've seen outflows what has happened as part of the latest data on EM funds ?... Read More

October 15th, 2022 8:02 AM 0 COMMENTS

Biggest Rally Expected in the Second Half of October, With Nifty Reaching 18,200 by Diwali, Sanjiv Bhasin of IIFL

According to IIFL Securities' Director Sanjiv Bhasin, the second half of October will see the best bull rally in history, with the Nifty reaching 18,200 by Diwali. “The sheer pessimism of underweight India is changing,” he said, adding that “markets bottom out at the height of pessimism and that’s what we saw yesterday (October 13),” he said. The Nifty and Sensex had risen more than 300 and 1,000 points, respectively,... Read More

October 15th, 2022 7:59 AM 0 COMMENTS

Federal Bank Posts Its Highest-Ever Net Profit of Rs 704 Crore; Stock Rises

Federal Bank reported a 53 percent year-on-year (YoY) increase in net profit for the quarter ended September 2022 on October 14. The previous year's net profit was Rs 460 crore. Net interest income (NII) increased 19% year on year to Rs 1,761.83 crore. On the National Stock Exchange, the stock closed 4.6 percent higher today at Rs 130.75. (NSE). The share price has increased by nearly 50% this year. Asset... Read More

October 5th, 2022 3:51 PM 0 COMMENTS

Bulls Are Back in Action, With a 2% Relief Rally; 58 Stocks Have Set New Highs

On October 4, the market saw a relief rally, with benchmark indices rising more than 2%, adding more than Rs 5 lakh crore to investors' collective kitty in a single day. Positive global cues backed this up, with US futures indicating a strong day on Wall Street. The broader market was also involved in the rally, with the BSE Midcap and Smallcap indices gaining 2.4 percent and 1.5 percent, respectively.... Read More

October 5th, 2022 3:48 PM 0 COMMENTS

For the First Time in 12 Years, Sensex and Nifty Have Fallen More Than 6% Since Last Dussehra

An unfavourable interest rate environment combined with higher inflation is expected to crimp global growth; however, analysts predict that the Indian stock market will continue to outperform. The Sensex and Nifty in India are down more than 6% year to date since Dussehra last year. Both equity indices have suffered losses for the first time since 2011. Dusshera will be celebrated on October 5 this year. During the same time... Read More

October 5th, 2022 3:45 PM 0 COMMENTS

As Sensex Approaches 1,300 Points, Investor Wealth Rises by Over 5.66 Lakh Crore in a Single Day

On Tuesday, Indian markets saw a strong rally, with the Sensex approaching 58,100 and the Nifty 50 climbing above 17,280. All sectoral indices experienced a bull run, with banking, capital goods, metals, and information technology stocks outperforming the rest. Midcap stocks outperformed small cap stocks, but both baskets saw significant buying. Domestic equities followed positive global cues as they prepared for FY23 second-quarter earnings. The Indian rupee rose against the... Read More

September 29th, 2022 8:44 PM 0 COMMENTS

PNB intends to sell all of its shares in ARCIL by the end of the year

The largest Public Sector Bank (PSB), Punjab National Bank (PNB), chose to sell all of its stock in Asset Reconstruction Company (India) (ARCIL) on Thursday for a predetermined price. At the moment, PNB owns 10.01% of ARCIL. The bank intends to sell its interest in the ARC by the end of December 2022. PNB will stop being a sponsor and shareholder in ARCIL after the divestiture is complete because its... Read More

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