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Source: Live Mint Top News According to recent data from the Association of Mutual Funds in India (AMFI), monthly contributions to mutual fund Systematic Investment Plans (SIPs) have surpassed ₹24,000 crore for the first time. This milestone highlights the growing popularity of SIPs among Indian investors, who are increasingly relying on this disciplined, periodic investment…
Source: Live Mint The yellow metal has also experienced a sharp rise in its price this year, but silver outpaced it and this lowered the gold-to-silver price ratio. On a year-to-date basis, gold climbed about 32% while silver surged about 42%. In comparison, stock market returns have been relatively muted, more so when the current…
Source: Live Mint Brokerage firm Zerodha’s Chief Executive Officer Nithin Kamath on Friday shared the company’s philosophy of not pushing its users to trade. Though it hurts the business, it is good for its customers in the long run, said the executive in a social media post on platform X. “Not triggering users to trade…
Source: Live Mint While valuing a stock is crucial, relying solely on valuation can be misleading. During periods of market turmoil, it’s the quality of a company that ultimately stands the test of time, according to Saurabh Mukherjea, the founder of Marcellus Investment Advisors. In a conversation with Mint on an episode of ‘How To…
Source: Live Mint Godavari Biorefineries Limited’s initial public offering (IPO) was subscribed 1.83 times on the third and final day of the bidding process, as investors bid for 2.06 crore shares compared to 1.12 crore shares available. The book build issue combines a fresh issue and an Offer for Sale (OFS). The IPO opened for…
Source: Live Mint Shares of Poonawalla Fincorp, the Cyrus Poonawalla Group-promoted non-banking financial company (NBFC), crashed on Friday after the firm posted a net loss in the September quarter of the financial year 2024-25. Poonawalla Fincorp shares tanked 16.89 per cent to ₹297.65, compared to ₹358.15 at the previous market close. The company released its…
Source: Live Mint With the arrival of Samvat 2081, Ventura Securities took a bullish stance on Indian equities, recommending five stocks that it believes hold significant upside potential. The brokerage cited promising growth across various sectors, including banking, entertainment, public services, and financial services. Ventura’s report forecasts upside potential ranging from 27 per cent to…
Source: Live Mint Kataria Industries, listed on the NSE SME platform, has delivered remarkable returns to its investors as it has become a multibagger stock just three months after its market debut. The stock, which was listed at a significant 90 per cent premium in July 2024, has soared 116 per cent to reach ₹207.20…
Source: Live Mint Indian stock market indices, Sensex and Nifty 50, are likely to open on a cautious note on Thursday tracking weak cues from global peers. The trends on Gift Nifty indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a premium of nearly 60 points…
Source: Live Mint Diwali 2024 Stock Picks: The Indian stock market created history in Samvat 2080 by hitting several milestones. The Nifty 50 surpassed 26,250 and the BSE Sensex surpassed 85,900 in September 2024, with both indexes gaining around 25 per cent during Samvat 2080. On the broader front, the BSE Midcap and Smallcap Index…
