Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website. Jimmy Patel, MD and CEO at Quantum AMC, says: "The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong response from investors, and fund houses need to deploy that money in the markets.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Markets snapped their 8-day winning streak.
Earning woes drag markets lower; TCS, HUL lead fall.
The Survey shows fiscal consolidation despite slowdown in growth.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Benchmark indices finished higher on hopes of economic reforms
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Punjab National Bank is the second largest PSU bank, in which government holding is 58.87 per cent.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The 30-share Sensex ended in the red.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
HDFC Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by Kotak Bank, Bajaj Finserv, Maruti, Titan, SBI, HUL, HDFC and Tata Steel. On the other hand, Bharti Airtel, M&M, NTPC, Tech Mahindra, Sun Pharma and PowerGrid were among the gainers.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Pharma shares extended losses after the government's ban on combination drugs.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Positive cues from Asian peers also uplifted the sentiment.
'The entire government-owned banking system (excluding SBI) is now in the red.' 'But worse is to come,' warns T N Ninan.
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