Sundaram Balanced Advantage Fund scheduling from February 14, 2020 – February 28, 2020 the investment objective of the Scheme is to provide accrual of income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically. An open ended dynamic asset allocation fund Summary Of Issue: Issue Sundaram Balanced Advantage Fund…
The Union Budget for 2020-21, to boost income and enhance their purchasing power. Indian Budget Highlights Fiscal numbers: FY20 fiscal deficit revised to 3.8% from 3.3% in the current fiscal. For FY21, fiscal target seen at 3.5%.. Net market borrowing for FY20 at Rs 4.99 lakh crore; For FY21 it’s pegged at Rs 5.36 lakh crore. Nominal…
NIFTY: Today was F&O expiry, with the NIFTY showing a straight line decline from the very morning open. World markets were shaken when the NIFTY opened up, the NIFTY following most other markets in falling throughout the day. The Indian markets would normally have been part of the world environment which is volatile and slowly…
NIFTY: The NIFTY had good news and the not so good news. Let us take the good news first. The index closed with significant gains of almost 70 points, representing a 0.6% gains over yesterday’s close. For buyers, this should certainly be good news. The not so good news is the fact that the NIFTY…
NIFTY: The NIFTY fell again, almost 63 points, which is half percent. This decline needs to be seen against the backdrop of a massive US market for yesterday where the US market fell more than 1.5%. Today’s decline may well mark the end of a correction in the index. NIFTY has been falling for seven…
NIFTY: Since the last week of October 2019, the NIFTY has been moving with strong support in the 11900 area which it repeatedly tests. We have a pattern of a flat support level at 11900 and higher highs. The pattern can be considered to be a rising, inverted triangle, or, simply an inverted ascending triangle…
NIFTY: The NIFTY today held on to a significant support zone between 12130 and 12150. An early morning dip into this support zone was immediately bought into, and the NIFTY was up for the rest of the day. The index closed well above 12200. It is like that a pre – budget rally has…
UltraTech Cement Limited is the largest manufacturer of cement in India and ranks among the world’s leading cement makers. UltraTech’s vision is to be ‘The Leader’ in Building Solutions. The company has a consolidated capacity of 102.75 million tonnes per annum (MTPA) of grey cement. UltraTech has a strong presence in international markets such as…
Incorporated on January 25, 1950, ITI Limited (ITI) is a public sector company under the Department of Telecommunications (DoT) with 7 decades of experience in telecommunications technology. ITI caters to a wide customer base across various industry segments like Telecommunications, Defence, Information Technology, Banks, Financial Institutions and Solar Energy.The ITI FPO is scheduled for Jan…
NIFTY: We are aware that the economy is going through a difficult phase. We can be sure that the government is also aware of this. The Union budget, which is a statement of the government purpose , is probably the best location to give direction to the economy. Whatever the budget says, we are confident…