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India’s biggest equity fund makes contrarian bet on IT stocks
India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to beaten-down IT stocks, taking a contrarian view on AI disruption fears. CIO Rajeev Thakkar argues pessimism is overdone, betting on productivity gains and valuation comfort even as the Nifty IT index heads for its worst year since 2008.
Trade Setup For June 23: Nifty Bulls See 24,200 As Key Hurdle Even As Hormuz Deadlock Eases | Check Key Levels
The Nifty 50 ended 89.80 points, or 0.37%, higher at 24,102.9 on Monday.
Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla Group
Vodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generation target. The company is banking on this, new loans, and tax refunds to meet its financial obligations over the next three years. Despite a recent net profit boost from statutory liability relief, operational losses persist, highlighting the urgent need for these funding initiatives.
Vodafone Idea gets ₹4,730 crore Aditya Birla Group backing through warrant issue
Vodafone Idea has approved the allotment of 430 crore warrants to promoter-group entity Suryaja Investments, paving the way for a potential ₹4,730 crore capital infusion. The company has already received ₹1,182.5 crore upfront, with the balance payable when the warrants are converted into equity shares over the next 18 months.
Sirios Absolute Return Fund R EUR HP PR UCITS Share Price | EPA:SARF ETF - Investing.com India
Sirios Absolute Return Fund R EUR HP PR UCITS Share Price | EPA:SARF ETFInvesting.com India
Nifty Outlook for June 23: Index looks to sustain above 24,100 ahead of weekly expiry
The Nifty has failed to surpass the previous swing-high resistance at 24,190, which remains a key near-term hurdle. A sustained move above this level could open the door for a rally towards the 200-DEMA, placed around 24,450, according to analysts.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Gold faces hurdle on path to $5,200 as hawkish Fed dampens ETF demand, MS says - Investing.com India
Gold faces hurdle on path to $5,200 as hawkish Fed dampens ETF demand, MS saysInvesting.com India
Stocks to watch: Sun Pharma, Nestle India, Bharat Forge among shares in focus today; check list here
Stock market today: On Friday, the Sensex fell 607.08 points, or 0.78%, to finish at 76,802.90, while the Nifty 50 slipped 154.90 points, or 0.64%, to settle at 24,013.10.
Buy or sell: Gift Nifty signals gap-up start, Vaishali Parekh recommends three stocks to buy today
Buy or sell: Vaishali Parekh recommends three stocks to buy today — Lenskart, Hindalco Industries, and HDFC Life
Street Signals: Technical charts point to further upside for Nifty
Indian stock markets are showing a positive outlook, with analysts predicting the Nifty could climb towards 24,300-24,600. Key support levels are identified around 23,700-23,900, encouraging investors to buy on dips. Several stocks, including Britannia Industries, Grasim Industries, Aditya Birla Capital, Premier Energies, Bharat Electronics, and Eternal, are highlighted as top picks for the week, with specific buy recommendations and targets.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National