Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
The speculations were triggered by Kumar's reference to the Rajya Sabha being "the only House" he has not been a member of.
A number of Congress workers were accompanying Gandhi from Punjab's Patiala district, but the procession was stopped on the highway near Teokar village on Pehowa border for an hour. Before Gandhi arrived at the Punjab-Haryana border, senior Haryana police officials at the spot told reporters that they would not allow more than 100 people to gather at one place as per the guidelines in place due to the COVID-19 restrictions.
Axis Bank was the top gainer in the Sensex pack, rallying over 6 per cent, followed by HDFC, IndusInd Bank, TCS, Asian Paints, Titan, HCL Tech and ICICI Bank. On the other hand, ONGC, Bajaj Finance, NTPC, M&M and Reliance Industries were among the laggards.
IMAGES from the IPL 2022 game between Punjab Kings and Gujarat Titans in Navi Mumbai on Tuesday.
Images from the Women's European Football Championship matches in England on Saturday.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
Out of 120 members of the Knesset (Israeli parliament), Netanyahu has the support of 64 members
Equity markets braved all odds this fiscal and rewarded investors with high returns as the benchmark Sensex surged more than 66 per cent despite COVID-led disruptions and concerns over its impact on the economy. Market analysts termed FY 2020-21 as a roller coaster ride for not only Indian markets but also for equity indices globally due to the pandemic. In an unprecedented come back, the 30-share BSE Sensex has jumped 19,540.01 points or 66.30 per cent so far this fiscal. This extraordinary rally holds significance as markets faced volatile trends this fiscal.
Investors' wealth jumped over Rs 59.75 lakh crore in the 2021-22 fiscal, helped by a largely buoyant trend in domestic stocks with benchmark index Sensex surging over 18 per cent during the period. Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent. Mirroring optimism in equities despite worries related to geopolitical tension, inflation concerns, FII selling, the market capitalisation of BSE-listed firms rallied by Rs 59,75,686.84 crore to Rs 2,64,06,501.38 crore in the entire 2021-22 fiscal.
IMAGES from Saturday's English Premier League matches.
Virat Kohli, who has been in great form at the T20 World Cup, along with India women star players Jemimah Rodrigues and Deepti Sharma were nominated for the ICC Men's Player of the Month award for October.
The economy grew by a robust 7.9 per cent in the September quarter, propelled by increased government spending and surge in the manufacturing sector.
Political analysts say the Congress appears on the backfoot this time after one of its senior tribal leaders from the region joined the BJP, which has a stronghold in urban areas where civic bodies, leaders and the network required to win the election are firmly with the saffron party.
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
A round-up of Day 4 of the Ranji Trophy quarter-finals on Friday.
MRF test drives a new, more luxurious, brand.
Mumbai produced an incisive bowling display to bundle out Uttar Pradesh for a paltry 180 and take the crucial first-innings lead on the third day of their Ranji Trophy semi-final, in Bengaluru on Thursday.
Delhi witnessed violence during the January 26 tractor rally organised by protesting farmer unions to highlight their demand for repeal of the Centre's three farm laws.
Images from the T20 World Cup Super 12 match between South Africa and India, in Perth, on Sunday.
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
'We expect the bull run to continue until economic growth continues.'
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
Pacer Mohsin Khan picked up four wickets as Lucknow Super Giants outclassed Delhi Capitals by six runs, to inch closer to the IPL play-offs, at the Wankhede Stadium in Mumbai on Sunday.
A round-up of all tennis action on Saturday.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday.
Gandhi, who addressed an election rally at Mahendragarh, was returning to Delhi when the chopper was forced to make the emergency landing due to poor weather conditions.
Diesel price on Monday was hiked by 25 paise per litre -- the third increase since last week -- and more rate hikes for both diesel and petrol are in the offing in the coming days as international oil prices have soared to a three-year high. The price of diesel was hiked to Rs 89.32 per litre in Delhi and to Rs 96.94 in Mumbai, according to a price notification of state-owned fuel retailers. This is the second straight day of increase in diesel prices and the third since September 24 when the state-owned oil firms ended a three-week hiatus in rates.
Despite headwinds, it remains "structurally bullish" on India and expects the Sensex to scale up to the 70,000-mark by December 2022; 80,000 level in a bull-case scenario and hover around the 50,000-mark as a bear-case, the brokerage house said in a report.
The rally in mid- and small-cap stocks has spilled over into the IT sector as well. Second and third-tier IT stocks, which historically traded at a discount to the big five IT companies, are now trading at nearly 25 per cent premium to their large-cap peers. The smaller IT companies have a price-to-earnings (P/E) multiple of nearly 38 times against the big five's current P/E multiple of around 31x.
'Tell me, one BJP policy that Mamata has opposed and is fighting tooth and nail?' Be it Article 370, instant triple talaq, be it CAA/NRC/NPR, be it notebandi, FDI, she has aligned with the BJP.'
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
People may line up to see Rahul Gandhi, given he is currently, the only major politician speaking of inflation and unemployment in an India bombarded daily by Right-wing delusion. The challenge is how to transfer the goodwill into votes when the object of curiosity is surrounded by usual suspects and sycophants, observes Shyam Menon.
Inflation data and global trends would be the major driving factors for the equity markets this week which after a record-breaking run took a breather in recent trades, analysts said. The overall market sentiment remains positive, supported by improving economic data and earnings but higher valuations can trigger bouts of profit booking, they said further. During the last week, which the 30-share BSE benchmark rose by 175.12 points or 0.30 per cent.
'The more retail investors keep away from speculative activity, the more they will manage their risks better.'
"The second wave of the pandemic is not over yet. But there is no favourable condition for a third wave as of now. The state task force has cautioned of a third wave post the Diwali season. We are assessing the situation," health minister Tope said.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
Defending champions India are on the brink of elimination after they suffered a six-wicket defeat against Sri Lanka in their Super Four match of the Asia Cup in Dubai on Tuesday.
'Recent underperformance notwithstanding, equities should constitute a major part of investors' financial portfolio.'
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