INDIAN BLUE CHIP EQUITY
Rise & rise of secondary deals; advantage desi data centres
Happy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as per data. Decoding this and more in today’s ETtech Morning Dispatch.
Heat wave over! AC stocks face rain-test after rallying 76% in 6 months
AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and secondary sales. Market growth relies on cooler penetration driven by purchasing power, not just rising temperatures.
Ind vs SA T20 Final: "My only belief was on Jassy bhai": Emotional Siraj commends Bumrah for his game-changing spell in T20 WC final
T20 World Cup Ind vs SA Final: After India's historic T20 World Cup win, Mohammed Siraj praised Jasprit Bumrah for his game-changing performance, securing India's first ICC T20 title in 13 years. With just 26 runs to defend in the final overs, Bumrah and Hardik Pandya turned the match around, with Bumrah achieving impressive figures of 2/18. Siraj expressed gratitude for being part of the victory after past disappointments. Axar Patel, crucial with both bat and ball, shared his pride and credited coach Rahul Dravid for fostering a pressure-free environment, helping him excel throughout the tournament.
87 stocks turn multibaggers in resilient Indian market during H1. What's the second half looking like?
Indian market showcases resilience with 87 stocks turning multibaggers in H1. Top performers include Marsons and Tinna Trade. IT and capital goods sectors witness significant growth. Analysts predict positive market trajectory post-Union Budget and US Fed's decisions.
Monday blues! Heavyweights drag Sensex 400 points lower; Nifty below 23,400
The weakness was led by selling pressure in banks and metal stocks, while FMCG and consumer durables saw some buying amid sectoral rotation. IndusInd Bank fell around 3% and was the top loser in the Nifty pack, followed by 2% plus declines in Cipla, Tata Steel, and Adani Ports. On the other hand, defensives from pharma, FMCG, and IT - Sun Pharma, ITC, Nestle, TCS, and HUL - saw buying action.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
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15 largecap mutual funds turn monthly SIP of Rs 40,000 to Rs 1 crore in 10 years
15 largecap mutual funds turned a monthly SIP of Rs 40,000 into Rs 1 crore in 10 years, with impressive XIRR growth rates. Conservative investors may consider large cap schemes for long-term goals.
Is it time to book profits in 'Modi stocks'? Sandip Sabharwal answers
If you have been always wanting to sell something and you could not get the opportunity, that is always the case, you should always do that. But I think it is foolish to unnecessarily increase cash in the assumption that you will want to buy cheaper at this point of time because if the strength of the mandate is as strong as what it reflects, then I think there will be continuity, there will be strong economic growth over the next few years.
Is it right time to take some chips off the table on Zomato? Sandip Sabharwal answers
So, at that time I thought it was a time to get cautious. So, the stock has just fallen from 190 to 180 after that and any increase in competition in a segment where as it is the existing players are making losses will be a negative development.
Bulls back in action! Sensex rises after 5-day hiatus, surges 500 points; Nifty above 22,600
Indian benchmark equity indices opened higher on Friday. Investors await exit polls post-elections and GDP data release. India's fourth-domestic quarter GDP data is due later in the day.
Election Jitters! A 15-20% correction is okay, look beyond June 4: Experts
Motilal Oswal Financial Services Chairman & Co-Founder Raamdeo Agrawal said that post-election will be a "very interesting time though things may have extended a little bit and it is quite possible that the next quarter or two could be slow.
Nifty may see a 400-point correction before June 4 but banks will outperform: Sanjiv Bhasin
Sanjiv Bhasin from IIFL Securities provides insights on market trends, highlighting the performance of key banks like HDFC, Kotak, ICICI, and Axis. He recommends focusing on IDFC First, Dhanlaxmi Bank, SBI Life, Grasim, LIC, GIC, and New India Assurance for potential growth. Bhasin also says that in pharma, Divi's is one of the best contract pharming companies and it is regaining its position but he would put his money on Lupin.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs on strong global market cues
Indian blue-chip indices, BSE Sensex and Nifty50, hit new record highs on Monday driven by Tata Steel, Bharti Airtel, JSW Steel, NTPC, HDFC Bank, and Kotak Bank; Wipro, Maruti, M&M, Asian Paints, and Power Grid opened lower. Adani Ports surged 3% after joining Sensex.
Ahead of Market: 10 things that will decide stock action on Monday
Indian blue-chip equity indices ended flat on Friday, with NSE Nifty 50 and S&P BSE Sensex gaining 2.2% and 2.02% for the week, led by financials and metal stocks.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Big movers on D-Street: What should investors do with Indian Bank, Sun Pharma and Hindustan Zinc?
Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.
Unlucky 7! 88% largecap mutual funds fail to beat benchmarks in 7 years
88% of large cap mutual funds struggled to beat benchmarks in the last seven years, highlighting challenges post Sebi's introduction of total return indices. Notable underperformers include Aditya Birla SL Frontline Equity Fund, while ICICI Prudential Bluechip Fund stood out as an outperformer.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
Bears growl! Sensex crashes 750 points, Nifty below 21,850
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
This large-cap mutual fund gave 16% returns in 3 years; should you buy?
SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.
Sensex rises 500 points tracking positive cues from global peers; Nifty above 22,100
Indian benchmark indices surged today. Auto and energy stocks drove the gains. NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers.
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
SoftBank is shifting focus to AI and semiconductors, while its Vision Fund is selling stakes or writing down billions of dollars worth of its publicly-listed companies. SoftBank founder Masayoshi Son is looking to bankroll a $100-billion chip venture to compete with Nvidia for providing semiconductors to power the development of AI services.
As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.
Passive funds lose charm amid falling returns
There are a couple of reasons for a fall in the passive fund flow. First, the return on active large cap funds have been superior to passive funds over the past 12 months. For instance, ICICI Pru Blue Chip, the biggest large cap fund from ICICI Prudential Asset Management Company, delivered 37.4% return while its largest ETF gained 25.3% during the period.
First-time stock market investors can bet on these sectors and categories, say experts
Stocks for first time investor: Many individuals wanting to create wealth from stock markets have opened demat accounts. However, for those beginning their stock market journey, it is quite difficult to find the right sector or categories to bet on. ET Wealth asked the experts which sectors and categories, the first time stock market investors can invest in.
Meet Yotta Data Services, an Indian startup taking big AI bets
Yotta Data Services was founded in 2019 with the backing of real-estate billionaire Niranjan Hiranandani by Sunil Gupta. Yotta offers companies like Wells Fargo & Co. access to data storage and computing power they can scale up or down as needed, without buying and installing their own hardware.
Asian stocks gain as potential China rescue package lifts mood
Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.
ICICI Prudential Mutual Fund launches ICICI Prudential Nifty50 Value 20 Index Fund
The scheme will allocate 95-100% in equity and equity related securities of companies constituting the underlying index (Nifty50 Value 20 Index) and 0-5% in money market instruments including TREPs and units of debt schemes.
Asia stocks stumble, China skips on rate cut
China reports economic growth data for the fourth quarter and a slew of monthly figures on Wednesday, and investors have become used to being underwhelmed by activity as Beijing drip feeds its stimulus.
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