Large caps are getting their momentum back for swing trading.
Tech giant Microsoft on Tuesday inked a record carbon capture agreement with Occidental Petroleum subsidiary 1PointFive, as major technology companies grapple with the growing carbon footprint of artificial intelligence. The agreement follows a similar deal between Amazon and 1PointFive last year, which involved the purchase of 250,000 metric tons of carbon removal over a decade.
“Ajay Vora says overall profit growth for FY25 is expected to come from banks and metals because last year a large part came from autos, but this time, auto as a sector or even IT as a sector is going to be pretty muted. But banks and metals will be contributing in a big way.”
Police reported that at least 18 individuals lost their lives and 19 sustained injuries in a tragic incident on Wednesday, when a bus collided with a tanker on the Agra-Lucknow Expressway in an Uttar Pradesh district. The accident occurred in the morning near Jojikot village in the Bangarmau area. Bangarmau Circle Officer Arvind Kumar confirmed that the collision between the double-decker bus and the tanker resulted in the fatalities and injuries.
The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.
Gold prices remain stable as investors await U.S. inflation data to assess Federal Reserve's interest rate strategy. Fed Chair Powell indicates potential for looser monetary policy. Market attention shifts to upcoming CPI data. Global gold ETFs experience increased inflows.
Thematic funds focus on specific themes like manufacturing, real estate, and energy, carrying higher risks due to concentrated investments. Investors are advised to build a core portfolio with diversified funds before considering thematic funds. Careful evaluation of market conditions is crucial for potential returns.
Thematic funds focus on specific themes like manufacturing, real estate, and energy, carrying higher risks due to concentrated investments. Investors are advised to build a core portfolio with diversified funds before considering thematic funds. Careful evaluation of market conditions is crucial for potential returns.
Deven Choksey says does not expect any dramatic improvement in IT companies’ numbers, but expects the strength in the commentary to be positive hereafter. From that particular point of view, the IT companies could get re-rated, and 15% to 20% appreciation is possible in many of the IT companies including some of the mid-tier IT companies.
The markets have been buoyant for all these reasons and we are also likely going to see a lot of corporate profitability surging ahead because there has been a general demand recovery post the lull we have seen the last three-four years particularly on the consumer side, both durables as well as fast moving goods.
Mihir Shah (23), the son of political leader Rajesh Shah, is the main accused in the Worli hit-and-run case, which resulted in the death of 45-year-old woman Kaveri Nakhwa. A Mumbai court on Tuesday extended the police custody of Rajesh Shah's driver, Rajrishi Singh Bidawat in the case until Thursday, July 11.
High net-worth individuals are increasingly turning to private credit funds due to the removal of tax benefits for debt mutual funds. This shift reflects a growing interest in fixed-income options among the affluent segment.
HDFC Defence Fund will cease accepting new SIPs and systematic transfer plans from July 22 but continue existing SIPs. It limited investments to ₹10,000 per PAN, returning 144% in a year. Stiff valuations challenge fund managers. Stocks like Bharat Electronics, Hindustan Aeronautics, and Mazagon Dock soared, outperforming Nifty 50's 26.9% rise since June 2023.
The government's plan to relax rice export restrictions led to share surges in Kohinoor (9.6%), Chaman Lal (8.8%), KRBL (7.1%), and LT Foods (5.96%), aiming to avoid an October glut and tackle food inflation. Key points include Minimum Export Price, sector rotation, rural focus, biogas policy, Russia's impact, Geojit Financial Services, agricultural waste, and the agro-economy.
Investors are heavily relying on past returns when investing in equity mutual funds, which can result in below-average returns. Analysts note a pattern of outperformance followed by underperformance in funds. Wealth managers recommend careful analysis before investing in funds that have significantly outperformed.
Sebi's panel, led by G Padmanabhan, will meet July 15 to discuss equity derivatives measures, addressing speculative expiry day trades. It includes increasing lot sizes, enhancing margins, upfront premiums, and intra-day monitoring. Chairperson Madhabi Puri Buch highlights investor protection. Derivative turnover rose from ₹210 lakh crore in FY18 to ₹500 lakh crore in FY24, with index options involvement increasing.
The Indian mutual fund industry witnessed a surge in equity fund inflows in June, reaching a record ₹40,608 crore. SIP investments continued to grow steadily, while debt funds faced outflows. Total industry assets under management hit a new high of ₹61.33 lakh crore.
