Indian Market Outlook: Domestic stock markets rallied this week with benchmark indices clocking gains of nearly 4 per cent after the February 1 Budget announcements triggered their worst single-day fall in at least 17 months. In the week ended on Friday, the Sensex rose 1406.32 points or 3.54% to settle at 41,141.85. The Nifty 50…
NIFTY: The NIFTY continued to gain for the fourth consecutive day, with the index closing at 12133.65, with a gain of almost 44 points, about 0.37%. A stunning rally during late afternoon saw the NIFTY move up to cross 12100 decisively and close above 12100. On January 29,2020, the closing of NIFTY was at 12132…
NIFTY: The NIFTY continued to gain for the third consective day, with the index crossing 12,000 decisively and close well above this number, with a gain of almost 110 points, about 0.90%. The BANK NIFTY continued to move with the NIFTY, gaining a similar amount. The IT index was a little lagging, but still ended…
ICICI Prudential India Equity FOF scheduling from February 05, 2020 – February 19, 2020 primary objective of the Scheme is to generate returns by predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which invest in equity and equity related securities. An Open-ended Fund of Funds…
NIFTY: Volatile markets are a great fun to watch. Volatility makes the stock prices move to extreme points on the both sides-up and down. Saturday, budget day and yesterday (Monday) were days when the NIFTY was moving on the downside. Today was the exact opposite. The NIFTY opened with a mild higher gap, and…
IDFC Emerging Businesses Fund scheduling from February 03, 2020 – February 17, 2020 the Fund seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment. Small Cap Fund – An open-ended equity scheme predominantly investing in small cap stocks. Summary Of Issue: Issue IDFC Emerging Businesses Fund Issue…
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…