Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, believes that BJP not winning 400 seats will not be negative for the market at all. A stable and predictable political regime is most important right now. Therefore, irrespective of the outcome, it won’t significantly affect the market, he explained. Kulkarni further noted that if FIIs are … Read more
Before opting for a debt instrument, investors are often recommended to check the credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products. Each … Read more
Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash … Read more
Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
However, in March and February, the Nifty Midcap fell around 0.5 percent each while the Nifty Smallcap index declined 4.4 percent and 0.3 percent, respectively. Meanwhile, the benchmark rose over 1 percent in both those months, strongly outperforming the broader markets. Read here: General Elections 2024: Will Nifty extend gains for 4th straight month in … Read more