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Top News
BoB, Bank of Maha to raise funds via AT1 bonds to boost capital base
BoB is in talks with a group of investors including Aditya Birla Sun Life Insurance and a few new pension funds including those from, to raise up to ₹2,500 crores through additional tier 1 (AT1) bonds, which will strengthen its capital base amid expanding loans. The bonds will be up for sale on Tuesday, said people familiar with the…
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Bonds
MFs likely to add duration to debt portfolios
The debt mutual funds are set to buy more long-duration bonds for the first time in the past 18 months after the Reserve Bank of India Friday raised the benchmark rate by 50 basis points. Top fund houses ET spoke with said banks would now find it attractive to buy into debt, which could outpace equities in rewarding investors now.…
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Bonds
Yield surge erodes bank profits in Q1, SBI’s the worst hit
A surge in bond yields during the quarter ended June 2022 has impacted all large lenders with only two out of eight of the biggest banks escaping making losses. But the saving grace is that yields are unlikely to rise as steeply for the rest of the year, allowing banks to recoup some losses. On fears that rising inflation will…
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Bonds
Banks make a beeline to raise capital bonds after IRDAI push
Lenders are lining up plans to raise about Rs 10,000–15,000 crore in the next two months through additional tier-1 bonds, according to people ET spoke with. Banks’ resources teams are swinging to action after the Insurance Regulatory Authority of India (IRDAI) breathed life into the moribund market by easing the conditions for insurers to buy into these bonds. AT1 bonds,…
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Bonds
Add ‘consumption’ to portfolio if you can stomach a little risk
Investors with an appetite for risk and looking to add a thematic bet to their equity mutual fund portfolio can consider the consumption theme. Lower future inflation, higher incomes paced by IT jobs, rapid urbanization, and premiumization are likely to drive domestic consumption in the coming years, presenting a good entry point to investors with a two-year time frame. In…
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Markets
Sensex falls 145 points, Nifty holds 17,300 in volatile session
Indian market ended lower a day after the stellar rally despite positive global cues.Sensex closed 145 points lower at 57,996 and Nifty lost 30 points to end at 17,322. NTPC, SBI and Ultratech Cement were the top Sensex losers, falling up to 1.63%. Of 30 Sensex stocks, 22 ended lower. Bharti Airtel, HDFC, M&M and Dr Reddy’s were the top…
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Markets
Sensex, Nifty recover from Monday blues: Here are top 5 gainers today
Sensex and Nifty recovered almost all their previous session losses today, amid signs of easing of tensions between Russia and Ukraine. Sensex ended 1,736 points higher at 58,142 and Nifty rose 509 points to 17,352. India VIX, the stock market’s volatility index, fell 10.31% to 20.67, indicating reduced volatility in trade today. Investors gained Rs 6.31 lakh crore in today’s…
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Markets
Sensex clocks biggest rally in one year, Nifty zooms 500 pts amid easing of Russia-Ukraine tensions
The Indian equity market staged a strong rebound today, erasing almost all losses from the previous session. Global market sentiment turned positive amid signs of easing tensions between Russia and Ukraine. Sensex ended 1,736 points higher at 58,142 and Nifty rose 509 points to 17,352. The 30-stock closed index logged its biggest single day rally in one year. Bajaj Finance,…
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Markets
These BSE 500 stocks declined up to 60% from 52-week highs; should you buy?
Amid the ongoing volatility on the domestic equity market, as many as 170 stocks in the BSE 500 have lost over 25 per cent of their value from their respective 52-week high levels. The benchmark BSE Sensex is down 7 per cent from its 52-week high of 62,245.43, scaled on October 19, 2021. With a fall of 58 per cent,…
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Bonds
SBI Bluechip mutual fund review: Needs to shed underperformance to remain a worthy pick
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. HOW THE FUND HAS PERFORMED 89363039 WHERE THE FUND INVESTS 89363101 BASIC FACTS Date of launch: 24 February, 2006 Category: Equity Type: Large Cap AUM(As on 31 December, 2021):…
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