Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.
Oil prices have surged sharply in recent days, with some analysts warning that Brent crude could climb to $150 per barrel if the Strait of Hormuz remains closed for a prolonged period amid the escalating Iran–Israel conflict. After a sharp selloff last week, Indian equities may face further valuation pressure in the near term due…
The Indian stock market traded in the green on Monday, with Sensex and Nifty extending sharp gains for the fourth consecutive session as heavy rainfall revived monsoon hopes, FIIs turned net buyers and other factors further boosted investor sentiment. Sensex gained above 300 points, while Nifty 50 was at 24,300 during Monday’s trading session. Broader…
New Delhi: The burden of adjustment in an imbalanced, conflict-ridden world should not fall disproportionately on countries in the Global South that don’t drive these imbalances, finance minister Nirmala Sitharaman said on Thursday. India, like many developing economies, “remains largely peripheral to both the origination and propagation of global imbalances; yet, we continue to face…
Shares of wires and cable-maker V Marc India turned ex-bonus on Tuesday, making the ace investor Ashish Kacholia-backed stock appear to have crashed 81% in a single day when in reality it only adjusted for the 5:1 bonus issue. Shares of V Marc India opened at Rs 291.50 apiece on NSE, sharply lower than Monday’s…
LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy. In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on…
Raymond shares rose nearly 4% on Monday after the company appointed former Bharat Electronics chief Bhanu Prakash Srivastava as the chief executive officer (CEO) of its defence business. The stock gained nearly 4% to hit an intraday high of Rs 632 on the NSE. It later gave up some gains and was last trading at…