BSE Sensex and NSE Nifty 50 are poised to hit fresh lifetime highs by the end of the current year, as global liquidity will drive investors to earn more via equity allocations, says Sanjiv Bhasin, Director at IIFL Securities Ltd. In an interview with Surbhi Jain of Financial Express Online, Bhasin believes that Sensex may …
Indian equities lost ground for the second straight session on Monday, anxious that global growth would slow sharply amid continued tightening by central banks. The Street also expects more hikes in local interest rates with inflation remaining uncomfortably high. The benchmark indices – Nifty 50 and BSE Sensex – lost over 1%, dragged lower by …
A look at Reliance Industries’ (RIL’s) FY22 annual report provides insights into the way the company’s character has transformed over the past 3-4 years. The fiscal saw record profitability and margins for RIL’s consolidated operations, with growing scale of the consumer businesses complemented by recovery in ‘oil to chemicals’ (OTC) margins as well. However, substantially …
Kotak Mahindra Asset Management Company has launched the Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity-related securities of companies engaged in consumption and consumption-related activities. The New Fund Offer (NFOR) of the scheme opened for subscription on October 25, 2023, and it will close on November 8, 2023. The fund will …
Syrma SGS Technology IPO entered the final day of bidding today after having already been oversubscribed by investors. The Rs 840 crore public issue opened for subscription last week after having garnered decent interest from anchor investors. Syrma SGS public issue has seen all investor categories oversubscribe their portions except Qualified Institutional Buyers (QIB). In …
LICI reported strong traction in Q1FY23 and printed APE of Rs 102.7 bn. VNB margin moderated 150bp q-o-q to 13.6%, while shareholders’ PAT stood at Rs 6,829 m in Q1FY23 v/s Rs 29 m in Q1FY22. Individual NBP grew 36% y-o-y to Rs 109.4 bn. The Individual/Group business constituted 63%/37% of APE. Within the Individual …
Sequoia Capital India, led by Ravishankar GV, was the top private equity (PE) investor in terms of the number of investments into Indian companies in calendar year 2021 among a pool of 103 active PE investors, said a report by Hurun Research Institute. Norwest Venture Partners, led by Niren Shah, and Alex Cook’s Tiger Global …
Go Digit General Insurance Ltd, backed by Canada-based Fairfax Group, has filed preliminary papers with markets regulator Sebi to garner funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer-for-sale (OFS) of 10,94,45,561 equity shares by a promoter and existing shareholders, according to …
Stocks in Asia got a lift from Japan on Friday while Treasuries were mixed as investors evaluated how far the Federal Reserve must jack up interest rates to ensure high inflation keeps cooling. Japan added about 2% in a catch-up rally as the equity market there reopened from a holiday but Australia and Hong Kong …
LIC share price has had a weak performance on the stock exchanges since listing earlier this year, but it may soon make money for investors with as much as 20% upside. LIC stock is down 20% since listing on the BSE and NSE, but analysts believe it can recover losses, considering the quarterly earnings performance …