BUSINESS
60 MF schemes to hold Rs 5,000 crore worth HDFC Bank shares beyond Sebi limit post merger
Of the 60 funds, the largest excess exposure, to the tune of Rs 1,231 crore, will be held by Mirae Asset Large Cap Fund-Reg(G) post HDFC-HDFC Bank merger
BUSINESS
F&O Manual: Struggle for Nifty, still can't get past 18,700
Traders took long position in PI Industries and REC, while Balrampur Chini Mills, SRF and McDowell's saw a short buildup
BUSINESS
Mutual funds lose Rs 342 cr in just two sessions as bears plunder IEX shares
The biggest loser seems to be Mirae Asset Mutual Fund, which held the stock in eight of its schemes, losing Rs 176 crore worth of value – half of the value lost by the all mutual funds.
MARKETS
F&O Manual: Nifty still away from 18,700; cement stocks solid
Analysts and traders expect intra-day volatility to persist as investors fear that the Federal Reserve could remain hawkish at its June 14 meeting after a surprise rate hike by the Bank of Canada
BUSINESS
RBI MPC meet: Realty stocks under pressure but analysts unperturbed
Analysts, who have cheered the RBI's decision to hold the rates, says as the demand remains strong, the outlook for the industry is favourable
BUSINESS
F&O Manual: Traders expect narrow trading range, but bullish sentiment prevails
Traders don’t expect the market to do much today. However, they are expecting indices to hit all time high levels in the next week or so.
BUSINESS
Nifty IT tumbles as EPAM Systems sends out SOS; midcap stocks hit hardest
EPAM Systems is an American IT services company. It has cut guidance midway through the second quarter (June quarter).
BUSINESS
F&O Manual: Amid consolidation in Nifty, IT stocks get beaten up, cement firms up
Weekly option data for Nifty shows accumulation of calls at 18,600 – a signal that the level may emerge as a big hurdle for the index for this week.
BUSINESS
IKIO Lighting IPO opens today: Analysts upbeat over growth prospect, fair valuation
Analysts point out that the company’s substantial portion of revenue comes from a single customer, Signify innovation India Limited, erstwhile Philips India – 70 percent revenue in 9MFY23, which is a concentration risk. Any slowdown in the business of Signify will spell an omen for IKIO.
BUSINESS
F&O Manual: Traders see some choppiness but remain bullish on Nifty, Bank Nifty
Option data shows support for Nifty is available at 18600 with more put writings seen on the strike.
BUSINESS
Why does Chris Wood’s call to add Zomato in his portfolio deserves a three-episode miniseries
The flip flops on Zomato by Jefferies' fund managers may not inspire a full-fledged TV series, but it can definitely be made into a three-episode mini-series, possibly titled The House of Contradictions.
BUSINESS
F&O Manual: Market's wait for new high gets longer as Nifty struggles
PSU bank and realty sectors continue to be investors' picks, while information technology and oil & gas seem to be bearish bets
BUSINESS
MF fees not excessive, should be left to market forces: Jefferies’ Chris Woods
Wood said in his weekly newsletter, Greed & Fear, that if SEBI's proposals are implemented, it will increasingly damage the profits of what is a clear success story, referring to the outlook of the asset management companies.
BUSINESS
Shankar Sharma likens investing in smallcap stocks to betting on a marathon race
The 60-year-old said he is not someone who has a concentrated portfolio as the risks in the smallcap are relatively higher and thus it makes sense to have a diversified portfolio.
BUSINESS
Banking sector stocks most overrated in India, says Mark Mobius
The most incredible thing about Indian markets and what separates it from others is the number of companies that have a return on capital or return on assets of over 20 percent, says the investement guru
BUSINESS
F&O Manual: Nifty struggles for another day in a narrow range, traders still optimistic
Traders have expressed confidence that the Nifty will likely hit all time high level during this monthly series.
BUSINESS
Escorts Kubota's record tractor sales in May lift the stock up
Escorts Kubota Limited Agri Machinery Business Division sold 9,167 tractors in May, its highest sales for the month, a growth of 8.9 percent against 8,421 units in the year-ago period
BUSINESS
Realty today's top sector, powered by Sobha, Macrotech
Analysts says property sales have maintained momentum. The transaction value of property has risen over the year, leading to higher revenue for the government
BUSINESS
Does promoter selling Rs 470 crore worth shares in Kalpataru Power signal tough times ahead?
Usually, promoters selling a stake in a company is considered lack of confidence in the business and leads to selling in stock markets. However, investors have disregarded the sale, and continued to buy stock.
BUSINESS
F&O Manual: Bullishness stays intact for Nifty even as index struggles in short term
Option data shows that call writers were dominant during the day with maximum activity at 18,600 level in weekly options.
BUSINESS
F&O Manual: Some sluggishness seeps in; Strong support at 18,500
Weekly option data shows traders have taken Straddle trades at 18,00 followed by 18,700.
BUSINESS
History rhymes for Nifty as analysts see the index at 18,900 in this leg of rally
Analysts added that formation of higher peak and trough on the monthly chart makes them confident to revise support base at 17800 for the index.
BUSINESS
F&O Manual: Strong support at 18,500 acting as springboard for Nifty to race to fresh high
Option data shows heavy straddle trade at 18,600, meaning traders believe the index may stabilise at this level for the day.
BUSINESS
Dalal Street This Week: Corporate earnings, GDP, US debt deal and other factors that will rule the Street
Earnings announcements will continue to take centre stage next week, especially in the small and midcap segment with over 1,700 companies declaring their quarterly numbers
