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Exclusive | Jio BlackRock gets GIFT City nod; to launch commodity ETFs in 3 months, says Sid Swaminathan
Jio BlackRock Mutual Fund gets IFSCA nod to start GIFT City operations, eyes global access for Indian and foreign investors, plans commodity ETFs in gold and silver soon
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a muted start; Bajaj Auto in focus
Sensex Today | Stock Market LIVE Updates: The Nifty Bank closing above its 20-DMA is a positive and the 55,000 level, which was a barrier till now, could now act as a support after Wednesday's breakout. Earnings reactions continue swiftly with Bajaj Auto reacting to results and the buyback announcement. Platform companies Paytm, Meesho, PB Fintech all react to results, along with GCPL, Bluestar, Sula Vineyards, and others.
Trade Setup For May 6: Nifty Bulls Eye 24,500 Breakout Amid Positive Global Cues — Check Key Levels
The Bank Nifty finds immediate resistance in the 56,300-56,400 zone.
Individual investors sold Rs 13,000 crore worth stocks, but Zerodha clients kept buying: Nithin Kamath
Retail investors sold equities, but Zerodha clients bought heavily, highlighting divergence. Overall, direct retail ownership declined while mutual fund holdings hit record highs, reflecting a structural shift toward professionally managed investments and rising domestic institutional dominance in Indian equity markets
Retail direct equity bets fall, MF holdings rise to new high
Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.
Bank of India Notifies Shareholders of Share Transfer to Investor Education and Protection Fund (IEPF) - scanx.trade
Bank of India Notifies Shareholders of Share Transfer to Investor Education and Protection Fund (IEPF)scanx.trade
Axis Bank opens its first digital locker-focussed branch
Axis Bank has opened its first digital locker branch in New Delhi. This new facility aims to provide advanced security and customer experience through automated locker services. The bank is responding to a growing demand for safe deposit lockers, especially in urban areas. Industry estimates predict a significant increase in locker requirements by 2030.
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investors - The Economic Times
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investorsThe Economic Times
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.
Benchmarks slide as crude climbs, Sensex sheds 583 pts, Nifty below 24K
Equity benchmark indices tumbled on Thursday as surging crude oil prices, weak Asian cues and relentless foreign fund outflows battered investor sentiment. The Nifty slipped below the 24,000 mark, weighed down by banking stocks. Most sectoral indices ended in the red, with the Nifty IT index bucking the trend. Brent crude climbed to around $120 per barrel amid rising fears of supply disruptions linked to potential curbs on Irans ports, fuelling inflation concerns in India. Global markets offered little support, pressured by elevated energy prices and uncertainty over the Federal Reserves policy stance. Meanwhile, a sharp slide in the rupee to a record low added to the strain on domestic equities.
Where to invest now: SBI MF prefers large caps, pharma, PSU banks
Ruchit Mehta, Head of Research at SBI Mutual Fund, prefers CDMO and hospital plays within pharma, citing stronger growth prospects over generics. He sees large caps as attractive on valuations, while midcaps require selectivity amid earnings risks. PSU banks may outperform in the near term due to stronger loan growth, but asset quality risks could emerge over the next 2–3 quarters if global disruptions persist.