Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 63 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 14 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7 per cent and 8.7 per cent, respectively, during the period, ACE Equity data show.
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The Sensex was around 18,600 by the end of August.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Leclerc took pole in Monaco in 2021, but did not start the race due to a driveshaft failure, and 2022 when he ended up fourth.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
Bullfights and the notorious bull runs, eight in all, are the highlight of a nine-day street festival.
IMAGES from the UEFA Champions League matches played on Wednesday.
Ajit Mishra, vice president, Research, Religare Broking, will be answering these and many such questions in an online chat with readers on February 5, between 4 pm and 5 pm.
'The recent correction in indices has made the markets cheaper to invest for the long term.'
Formula One championship leader Mark Webber gave Red Bull their 12th pole position in 13 races this season at the Belgian Grand Prix on Saturday.
Just when stocks are seen as invincible, we should worry, warns Akash Prakash.
Sahara Force India's Nico Hulkenberg qualified 10th but will start Sunday's Japanese Grand Prix from the 15th position on the grid after being handed a five-place penaltly due to an unscheduled gearbox change.
Max Verstappen took his fifth pole position in a row at the British Grand Prix.
It was Hamilton's first pole position since Saudi Arabia in December 2021.
When it comes wildlife, stock market investors can immediately identify with bulls and bears. But there are other animals in the stock market jungle too.
Rakesh Jhunjhunwala sounded another note of caution on the nature of the latest bull run.
Quarterly earnings and global cues will be the major sentiment driver for the equity market this week, according to analysts. Of late, Benchmark indices have been on a record-breaking run. "Quarterly results will dictate market sentiment and will be the talk of this week as they pick up the pace. "D-Street will be all ears to any management insights to forecast the future earnings trajectory.
The governing FIA had reported both drivers to stewards after their cars failed post-race checks
Titan was the top laggard in the Sensex pack, shedding 1.39 per cent, followed by HDFC, Axis Bank, Kotak Bank, HCL Tech and Tech Mahindra. On the other hand, Asian Paints, SBI, M&M, TCS, Bajaj Finserv and ICICI Bank were among the winners, spurting as much as 3.25 per cent.
Contributions to mutual fund schemes through systematic investment plans or SIPs remain unfazed from the market volatility in 2022 with inflow growing to Rs 1.5 lakh crore in 2022, a surge of 31 per cent from a year earlier, due to higher retail participation. In comparison, an inflow of Rs 1.14 lakh crore through the route was registered in 2021 and Rs 97,000 crore in 2020, data with the Association of Mutual Funds in India (AMFI) showed. Going ahead, SIP numbers are expected to continue to remain strong in 2023 as investors are increasingly appreciating the importance of regular investing through the route, Kaustubh Belapurkar, director - manager research at Morningstar Investment Adviser India, said.
IndusInd Bank was the top gainer in the Sensex pack, zooming around 8 per cent, followed by PowerGrid, Dr Reddy's, Sun Pharma, NTPC and Axis Bank. On the other hand, UltraTech Cement, Maruti, ITC, Kotak Bank and Asian Paints were among the losers.
PowerGrid, Tech Mahindra, Infosys, Nestle India and HCL Tech too ended with losses.
Summary of sports events and persons who made news on Monday
Verstappen struggled for grip through qualifying but it all came together in his last effort
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
Rise in m-cap to above Rs 10 crore (Rs 100 million) could help companies avoid illiquid tag, though analysts advise caution on investing in such scrips on present mood alone.
Gandhi said that "ISKCON establishes gaushalas and earns unlimited benefits for the same from the government, in the form of huge lands."
Despite price correction, policies that support the yellow metal will remain in place in the foreseeable future.
This was Kuwait's second win of the tournament after they beat Nepal 3-1 in their first Group A match.
The markets may be entering a consolidation phase and are expected to trade sideways for now after a good run in the last few weeks, suggest analysts. In this backdrop, they suggest investors can book profits at the current levels and enter the market again on a decline from a medium-to-long term perspective. Thus far in fiscal 2023-24 (FY24), the S&P BSE Sensex has moved up around 5 per cent to nearly 62,000 levels.
Max Verstappen led a soggy Monaco Grand Prix from start to finish on Sunday
Red Bull's pre-season problems showed little sign of easing in Bahrain testing on Wednesday with four-times world champion Sebastian Vettel managing only 14 laps on the first day.
Lewis Hamilton has signed a new contract with Mercedes and will continue to partner compatriot George Russell in 2024 and 2025, the team said on Thursday.
Can Mercedes' seven-time world champion Lewis Hamilton add to his record tally of 103 victories?
Many factors responsible for investors' interest in India are now rapidly receding.
Nineteen-year old Kalimuthu, who was seated in a front row of the viewers' gallery, suffered fatal stomach injury when the bull running in the playing arena suddenly strayed and attacked him.
