The majority of the portfolio management services (PMS) schemes underperformed the Nifty50 in FY23 amid sustained market volatility. As many as 56%, or 165 of the 297 PMS schemes were not able to beat the returns generated by the benchmark. The 297 schemes collectively delivered average returns of -0.1%, slightly higher than the -0.6% given […]
Hindenburg Research, the short investor whose reports on companies have erased a big chunk of their value, criticized Icahn Enterprises LP (IEP) on Tuesday over the reporting of its finances, leading to a 20% drop in the shares of activist investor Carl Icahn‘s firm. The development represents a rare challenge for Icahn who is accustomed, […]
Mankind Pharma share price fell 6% today after surging 32% over the IPO price yesterday in its stock market debut. Analysts have mixed views on whether investors should buy, sell, or hold Mankind Pharma stock. The scrip listed at a premium of 20% to its issue price of Rs 1080 and closed its listing day […]
The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic of discussion between the US […]
By Siddhant Mishra The equity benchmarks gave up gains on Tuesday, falling over 1% owing to the US Federal Reserve’s continued hawkish stance and cautious commentary by IT giant TCS. Tata Motors led gains in the Sensex pack, zooming 6.07%, as the automaker posted a 13% year-on-year rise in global sales, and said that it […]
By Sameet Chavan The Indian equity market has witnessed a strong expiry session, wherein the timid opening led by weak Asian cues got bought into by the bulls of D-street. The splendid move was backed by broad-based buying that has boosted the overall market sentiments and has showcased the assertiveness among the participants. The benchmark […]
Domestic indices opened in the red territory on Wednesday amid negative sentiment in the global markets. The markets fell on rate hike fears after Fed chair Jerome Powell’s hawkish statement. The BSE Sensex fell 160.64 pts or 0.27% to 60,063.82 and NSE Nifty 50 dipped 50.85 pts or 0.29% to 17,660.60. Bank Nifty plunged 118.70 […]
Indian benchmark indices are likely to open in green, hinted SGX Nifty. Ahead of the week’s last trading session, Nifty futures were trading slightly higher at 17974 level on the Singapore Exchange. In the previous session, BSE Sensex declined 147 pts to 59,958, while NSE Nifty 50 fell 38 pts to 17,858. “Markets will react […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Monday, February 13, 2023. Indiabulls Housing Finance and Ambuja Cements are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to the NSE, the stocks mentioned above […]
The rupee appreciated by 10 paise to close at 82.72 (provisional) against the US dollar on Monday, as the American currency retreated from its elevated levels. Forex traders said a muted trend in domestic equities and foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. During the trading session, the rupee touched […]
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