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The Indian stock market traded in deep green on Friday, with Sensex and Nifty rising more than 1% each as strong earnings by heavyweight TCS, positive global cues and other factors boosted investor sentiment. Sensex jumped nearly 800 points to 77,527 while Nifty 50 rose over 230 points to 24,197, extending sharp gains for the…
Roshan Chutkey, fund manager at ICICI Prudential AMC overseeing schemes worth ₹48,450 crore, believes India has entered what he calls a “moderate-return environment” — the reasoning behind the newly launched ICICI Prudential Balanced Hybrid Fund, whose NFO is open for subscription July 14, investing 40-60% each in equity and debt. In this interview with ET…
How should a retail borrower navigate all these options? The good news is that consumers today have access to more information than ever before. There are numerous digital tools, educational resources, and financial platforms that can help individuals better understand credit products and compare available options. Credit bureaus also play an important role by enabling…
Mumbai: Shares of electronic manufacturing services (EMS) players rose on Thursday after the Centre extended customs duty concessions on a range of machinery and components used by these players until March 2029. Shares of Dixon Technologies(India), Amber Enterprises India, Syrma SGS Technology, PG Electroplast and Kaynes Technology India rose between 2% and 7% at the…
Wall Street giant Goldman Sachs has barred employees from trading on prediction-market contracts linked to financial markets and political events, a source familiar with the matter said on Thursday. A memo was issued some time back in which the policy prohibits staff from participating in event-based contracts that could create real or perceived conflicts of…
The IC Electricals IPO is set to debut on the NSE SME platform on July 10, with strong demand in both the primary market and the grey market fueling optimism for a healthy listing. The IPO is currently commanding a Grey Market Premium (GMP) of Rs 44, indicating an estimated listing price of around Rs…
Mumbai: Jewellery stocks rallied nearly 19% on Thursday, even as the broader market remained under pressure, after companies reported strong business updates for the April-June quarter despite a challenging backdrop. Shares of Kalyan Jewellers surged up to 18.7% to touch ₹444.55, while Senco Gold and Sky Gold & Diamonds gained 6% each. PC Jeweller rose…
Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. Their price targets imply returns of a little over 21% over Thursday’s closing price SYRMA SGS BROKERAGE: HSBC Price Target: Rs 1,750 CMP: Rs 1,441.70 | Upside:21.4% High estimated Price to Earnings Ratio of 53 times justifi ed, given its high growth; Current…
Asian stocks gained as investors piled back into semiconductor stocks on renewed optimism over AI-driven demand. Oil fell. The MSCI Asia Pacific Index climbed 0.5%, led by a 2.6% rally in South Korea’s Kospi, though the regional benchmark remained on track for a weekly loss. SK Hynix Inc. swung between gains and losses in Seoul…
Choice International said Korea’s NH Investment and Securities will invest ₹900 crore in the company’s broking and wealth management arm. The transaction will involve NH investing in Choice Equity Broking through Compulsorily Convertible Preference Shares