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Sensex falls 50 points, Nifty above 24,050; Eternal, Sun Pharma, TechM rise 1% - The Economic Times
Sensex falls 50 points, Nifty above 24,050; Eternal, Sun Pharma, TechM rise 1%The Economic Times
Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Trade Setup For June 29: Nifty Bulls Eye 24,200 Breakout To Maintain Positive Momentum
Nifty on the charts for Monday.
Nifty Outlook for June 29: 24,200 remains key hurdle as quarter ends and updates begin
The Nifty opened more than 100 points higher and climbed to an intraday high of 24,261 during the first half. However, selling pressure emerged later in the day, erasing over 200 points from the day's peak as investors booked profits ahead of the extended weekend.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Passive investing explosion: DSP’s Anil Ghelani predicts ETFs, index funds will command 30% of mutual fund industry
Passive investing is gaining rapid traction in India, with DSP’s Anil Ghelani projecting ETFs and index funds to grow from 17% to 30% of mutual fund assets within five years. The shift reflects changing investor behaviour, with passive strategies forming core portfolios and active funds playing a selective, high-alpha role.
Diamonds shine as gold buyers adapt to price volatility
As Indian consumers face rising gold import duties and erratic prices, they are changing their buying habits for jewellery. The Indriya brand reports an uptick in diamond-studded items, alongside an increase in old gold exchanges. Meanwhile, Aditya Birla Jewellery is shifting its focus from the classic 4Cs to sparkle, aiming to resonate with the younger audience eager for fresh trends.
BMO Market+ International Equity Fund Series Share Price | NLB:ZMPI ETF - Investing.com India
BMO Market+ International Equity Fund Series Share Price | NLB:ZMPI ETFInvesting.com India
Shelf-life norms for imported drugs may be relaxed to reduce wastage
India is set to revise rules for imported medicines, proposing a 12-month minimum residual shelf life instead of the current 60% rule. This aims to ease business and reduce wastage, particularly for drugs with longer expiry dates. However, biological and radiopharmaceutical products will retain the stricter 60% requirement due to public health concerns. Other quality and safety regulations remain unchanged.
HDFC Mutual Fund buys additional 10 lakh shares of Global Health for Rs 130 crore
HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported an impressive 39.7% increase in its fourth-quarter profit after tax, totaling Rs 141.7 crore.
‘Korean markets are like small caps’, says Capitalmind Mutual Fund CEO Deepak Shenoy; Kospi jumps 5%
Investor sentiment in South Korea shifted amid falling oil prices and positive news from US-Iran talks. However, proposed taxes on unrealised gains introduced uncertainty, contributing to significant market volatility and sharp fluctuations for major technology stocks.
Indian Equities To Broaden Beyond Megacaps: Market Expert Bets On AI, Select Mid And Small Caps
Harish Krishnan, CIO Equity, Aditya Birla Sun Life AMC Ltd.