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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.
Succession at Reliance nearly complete, Mukesh Ambani, 69, says at shareholders meeting
While Akash, Isha and Anant lead individual business verticals, they are simultaneously working towards the holistic growth of everything under the Reliance ecosystem, Mukesh Ambani said at the RIL AGM. 'They are three bodies, one soul. Their soul is Reliance. One single indivisible Reliance.'
RBI monetary policy meeting minutes show inflation concerns stay in focus
Reserve Bank of India (RBI) announced minutes of its latest Monetary Policy Committee (MPC) meeting today. MPC member Dr. Nagesh Kumar stated that in the highly uncertain current economic environment, however, prudence requires waiting for greater clarity to emerge on the impact before any monetary policy response. One needs to keep an eye on the evolving geopolitical situation in West Asia and its implications for the Indian macroeconomic outlook, especially the growth-inflation dynamics.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
Siemens Ltd soars 0.06%, gains for fifth straight session
Siemens Ltd is quoting at Rs 3727.7, up 0.06% on the day as on 12:44 IST on the NSE. The stock is up 13.48% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
Mahanagar Gas Ltd up for fifth session
Mahanagar Gas Ltd is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 13.08% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.
ABB India Ltd spurts 0.14%, gains for fifth straight session
ABB India Ltd is quoting at Rs 7174, up 0.14% on the day as on 12:44 IST on the NSE. The stock is up 22.24% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
SJVN Ltd soars 0.51%, rises for fifth straight session
SJVN Ltd is quoting at Rs 74.25, up 0.51% on the day as on 12:44 IST on the NSE. The stock is down 20.47% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.
Indian Oil Corporation Ltd up for five straight sessions
Indian Oil Corporation Ltd is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The stock is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy.
Bharat Heavy Electricals Ltd spurts 2.89%, rises for fifth straight session
Bharat Heavy Electricals Ltd is quoting at Rs 403.6, up 2.89% on the day as on 12:44 IST on the NSE. The stock is up 63.27% in last one year as compared to a 2.73% drop in NIFTY and a 14.16% drop in the Nifty Energy.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bank of Baroda, Siemens Energy shares on 18 June - Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bank of Baroda, Siemens Energy shares on 18 JuneMint
US Fed keeps rates unchanged for fourth straight meeting at 3.5%–3.75%: 5 key takeaways
The Federal Reserve has held its interest rates steady as it assesses inflation and growth dynamics. The recent surge in inflation, driven by energy prices, raises expectations for a possible rate hike later this year amid ongoing economic challenges.