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Markets
Zomato shares zoom 18% on Q1 earnings: Check the new target price
Shares of Zomato zoomed over 18% in early trade amid a strong market today after the food delivery firm said its quarterly loss narrowed, led by an increase in orders for restaurant meals on its platform. Zomato reported a net loss of Rs 186 crore for the quarter ended June 2022, compared to a net loss of Rs 356 crore…
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IPO's
Winemaker Sula to test IPO market after tech unicorns flop
While recession fears have seen new listings grind to a halt this year, one of the few companies currently seeking to go public in Mumbai is testing investor appetite for India’s growing wine market. Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India’s small but rapidly growing wine…
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Bonds
AMCs face multiple headwinds, stocks disappoint
Rising competition for share of equity assets, outflows from long duration debt funds to passive funds, and higher wage costs have led to lower profits for asset management companies in the June quarter. Analysts said assets under management have increased but profitability has been under pressure, which has put a lid on gains in their share prices after the recent…
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Top News
Cos with local investment grade ratings eligible for ECB relaxation: RBI
Companies rated investment grade locally can make use of the central bank’s relaxed rules on external commercial borrowings, the Reserve Bank of India (RBI) said Monday, giving further regulatory clarity on creditworthiness eligibility for availing of this limited-period offer. The special dispensation will expand the universe of local borrowers seeking to tap the global money hubs for funds. “The…
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Currency
How Self-Doubt Can Actually Improve Your Trading
A lot has been said about how confidence helps a trader better execute ideas, but a bit of self-doubt might also do some good. “Rethinking is a skill set, but it’s also a mindset,” wrote American author and psychologist Adam Grant is his book Think Again. For most of us, our knowledge and beliefs tend to form a kind of comfort zone…
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Mutual Fund
Trust Asset Management to launch a money market fund
Trust Asset Management has announced the launch of its new fund offer (NFO), TrustMF Money Market Fund, which aims to benefit from the steepness in the money market yield curve and provides an avenue for parking short-term surplus with relatively low-interest rate risk. The NFO for the open-ended debt scheme investing in money market securities will open for subscription…
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Markets
Sensex, Nifty rise for third straight session; IT, metals top gainers
Benchmark indices ended higher for the third straight session on Friday led by heavy buying in metal, consumer durables and IT stocks. Sensex jumped 712 points to end at 57,570 and Nifty advanced 228 points to 17,158. Tata Steel, Sun Pharma, Bajaj Finserv, and IndusInd Bank were the top Sensex gainers, rising up to 7.27 per cent. Dr Reddy’s, Kotak…
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Markets
Sensex reclaims 58K, Nifty nears 17,350; auto, banking shares top gainers
Equity market ended higher for the fourth session on Monday, tracking strong global cues and inflows of fresh foreign funds. Sensex climbed 545.25 points to end at 58,115.50. During the day, the index jumped 600.42 points or 1 per cent to 58,170.67. Nifty gained 181.80 points or 1.06 per cent to 17,340.05. Mahindra & Mahindra, NTPC, Reliance Industries, Maruti Suzuki…
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Commodities
Weekly Market Recap: The Market Is Calling The Fed’s Bluff
“Don’t fight the Fed” This has been gospel for investors since 2009. And the strategy has paid handsomely. Which is why it’s peculiar now that the market is very clearly no longer following the Fed. The Fed is busy hiking rates & loudly proclaim that it will due ‘whatever it takes’ to bring inflation under control. The market, however, is currently…
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Global Stocks
Wall Street’s top analysts are bullish on these long-term stocks
Starbucks Irish Cream Cold Brew holiday drink. Between the Federal Reserve’s interest rate hike, fresh economic data and a flood of earnings from tech giants, it has been a busy week for investors. Since the market can be so volatile, it’s key to maintain a long-term perspective and avoid making decisions based on sudden movements in stocks. Check out these…
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