View on market: Volatility Prevails, Market is searching for better value Most Asia-Pacific markets rebounded Wednesday after the Federal Reserve Chair Jerome Powell indicated that the US is returning to a disinflationary trajectory. This affirmed hopes of monetary easing in the world's largest economy. Moreover, Powell's remarks came…
The domestic market took a breather, resonating with the mixed global trend, with the ECB showing caution regarding further rate cuts. In sectoral trends, IT stocks gained due to expected increases in discretionary spending, while auto stocks declined following lower-than-expected monthly volumes. The investors are closely monitoring the…
Overview The Indian electric vehicle industry is changing itself to restructure the transportation scenery with enormous potential driving people to slowly lean towards a change towards brighter and eco-friendly future for India while becoming a major producer as well as a key supplier of EVs into the world…
About ICICI Prudential Energy Opportunities Fund: India’s energy demand is expected to grow over the decade due to various factors like Growth in Per Capita Income, India’s focus on Manufacturing, Climate Change, etc. This expected growth, combined with government reforms in the energy theme, and India’s growth story…
View on market: Volatility Prevails, Market is searching for better value The US bond market experienced a downturn as traders considered the potential economic impact of the upcoming US presidential election in November. The markets were little changed on Monday morning. The Indian benchmark indices recouped losses from…
The markets began the week positively, gaining nearly half a percent, extending the ongoing uptrend. Starting flat, the Nifty gradually climbed and nearly reached Friday’s highs, closing at 24,125.30 levels. Sector-wise, there was a mixed trend with IT, financials, and metals showing decent gains, while energy and realty…
Investment Objective: The investment objective of the Scheme is to invest in Tri Party Repo on Government securities or treasury bills (TREPS). The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. There is…
View on market: Volatility Prevails, Market is searching for better value Most Asian markets declined Monday after data showed China's manufacturing activity struggled to come out of negative territory, raising concern about the world's second largest economy. US stocks faced uncertainty as the quarter concluded, following a robust…
The markets traded within a narrow range throughout the day, closing nearly unchanged after a recent surge. The session saw profit-taking in key heavyweights that offset early gains, resulting in the Nifty settling around 24010.60 levels, down by 0.15%. Despite this, sectors like energy, pharma, and metal ended…