The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
The unanswerable question, of course, is whether Djokovic is the GOAT. That's a complex issue over which fans will forever bicker, observes Kanika Datta.
From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.
Stock market investors became richer by a whopping Rs 77.66 lakh crore in 2024, helped by an overall optimistic trend in equities, where the BSE Sensex surged over 8 per cent. Analysts said the year witnessed a tug of war between the bulls and bears marked by volatility but, despite the uncertainties around the world, the Indian markets sustained the pressure and delivered impressive returns.
From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards.
Game Changer is underwhelming in the sense that you see the potential being squandered away by timid filmmaking, observes Arjun Menon.
Australia's batting great Ricky Ponting on Friday said he was 'surprised' by the Indian camp's wording around Rohit Sharma's absence from the Sydney Test.
It is learnt that Faiyaz Ansari drowned in the swimming pool of the hotel on June 21.
Domestic rating agency Icra on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal.
Ricky Ponting and his longtime teammate Justin Langer could potentially miss out commentating on the opening Test against India at Perth
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
Virat Kohli was not extended any special treatment, asserted India great Sunil Gavaskar, but some former Australia players felt the batting superstar got away lightly for his physical altercation with debutant Sam Konstas in the ongoing Boxing Day Test in Melbourne.
Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
Arjun Menon looks at 2024's top Web series from South India.
All sectoral indices ended lower. BSE Telecommunication tanked 2.18 per cent, metal (1.77 per cent), auto (1.70 per cent), energy (1.64 per cent), oil & gas (1.59 per cent), commodities (1.39 per cent) and financial services (1.37 per cent) were the major laggards.
Former Australia captain Michael Clarke will be joining an elite panel commentators comprising Kevin Pietersen, Sunil Gavaskar for the upcoming 10th edition of Indian Premier League.
Management commentary on demand environment, and forward guidance will be in focus when Indian IT services players declare their September quarter results for financial year 2024-25 (Q2FY25). The industry is exepected to have continued on the path of recovery in Q2, similar to the preceding quarter, rather than sprint towards growth. The top four firms likely grew between 0 per cent and 4 per cent year-on-year (Y-o-Y), according to consensus estimates.
Questions are mounting on when the 37-year-old India captain will finally call time on his Test career.
A delay in arrival of packaged water bottles caused a melee at the Maharashtra Cricket Association stadium in Pune on Thursday.
Henry Blofeld, who charmed the cricket world for more than 40 years, bids farewell to the microphone come September. Haresh Pandya salutes the Master.
In a statement, the non-governmental organisation underscored the challenges Saibaba faced during his incarceration and the toll it took on his health.
Melodies that stayed on in the mind and memory are too few and far between. Except the ones that do make an impression are definitely worth celebrating for their refreshing style and substance.
'The world is yet to watch him, show his prowess as a batter, but given the chance he will do a great job.'
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
Former India head coach Ravi Shastri says Virat Kohli's remarkable hundred on Sunday is an "ominous" sign for Australia, and no touring player in the last 15 years must have produced such knocks more regularly than the batting star.
'In addition, we have geopolitics and politics and all the other things that will affect commodity prices.'
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
'With his passing, Indian cinema has lost its most undaunted voice, a voice of unsettling truths, a window to history, a school of filmmaking.'
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
Nick Kyrgios is providing commentary by the court for ESPN and trading barbs with critics on social media. The Australian has not been shy to express an opinion.
'Geopolitics will be the most important driver of financial markets in 2025.'
Sunil Gavaskar feels a subtle adjustment to his batting stance in the second innings of the Perth Test helped Virat Kohli rediscover his batting form.
Presenters Andrew Flintoff, Kass Naidoo, Zainab Abbas, and Jacqueline Shepherd will lead the coverage. They will be joined by cricketing stars from around the world, including Dinesh Karthik, Stuart Broad
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
Even before the first votes are counted in Maharashtra, fissures have emerged within the ruling Mahayuti and the opposition Maha Vikas Aghadi (MVA) on who will head the next government. Both camps are claiming the chief minister's post, with constituents in both camps laying claim over the chief minister's post. The MVA, consisting of the Congress, Shiv Sena (UBT) and NCP (SP), and the Mahayuti, comprising the BJP, Shiv Sena and NCP, have expressed confidence that their respective alliance will form the next government after votes are counted on Saturday. While a majority of exit polls have predicted that Mahayuti will retain power, a few have favored the MVA.
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