Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market.
Following a Reuters investigation that revealed discriminatory hiring practices, Apple supplier Foxconn has directed its Indian recruitment agencies to remove age, gender, and marital status criteria from job advertisements for iPhone assembly workers. The move comes after reports surfaced that Foxconn excluded married women from these roles, prompting government investigations and raising concerns about potential reputational damage.
Indian benchmark equity indices traded lower on Monday, weighed down by concerns over slowing earnings growth and foreign outflows. Additionally, comments from the Federal Reserve Chair signaling a slower pace of interest rate cuts further dampened market sentiment.
Hindustan Zinc's shares rose 2% after securing the Dugocha Gold & Associated Mineralization Block in Rajasthan, India. The company emerged as the preferred bidder with the highest offer of 8.15%. This acquisition strengthens Hindustan Zinc's precious metals portfolio and supports its commitment to national economic growth.
Motilal Oswal Financial Services has issued a buy call for Oil and Natural Gas Corporation (ONGC) stock, projecting a target price of Rs 330. This represents a potential 29% upside from the current market price of Rs 250.9. The brokerage cites ONGC's projected production growth and attractive valuation as reasons for the buy rating.
This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market
The Telangana government has allocated Rs 205 crore to acquire land for the expansion of Mamnoor Airport in Warangal. This decision follows the Airports Authority of India's (AAI) commitment to develop the airport for A-320 aircraft operations and GMR Group, which manages Hyderabad Airport, issuing a No Objection certificate.
Indian stock indices experienced a decline last week, but Thursday's trading session hinted at a potential bullish reversal. Market experts suggest strategies like the Married Put and Bull Call Spread to navigate the current market conditions and capitalize on a possible rebound.
Reliance Industries' shares will be in focus following the completion of the Viacom18-JioCinema-Disney merger, valued at Rs 70,352 crore. The joint venture, controlled by RIL, aims to consolidate media assets and create India's largest integrated media platform. With a strong portfolio of content and sports rights, it aims to reshape entertainment options for Indian consumers.
Ganadhipa Sankashti Chaturthi will be observed on November 19, 2024. It is a significant day for devotees of Lord Ganesha. The Chaturthi Tithi begins on November 18 at 06:55 PM and ends on November 19 at 05:28 PM. Devotees observe a fast and perform puja rituals to seek blessings from Lord Ganesha.
Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.
HDFC Securities recommends buying Galaxy Surfactants. The target price is Rs 3,466. The current market price is Rs 2,749.55. The recommendation is based on the positive outlook for the home and personal care industry. Demand for premium specialty care products is expected to rebound. Demand in other markets is also expected to continue.
Tamil Nadu Chief Minister M.K. Stalin acknowledged VCK chief Thol Thirumavalavan's gratitude for establishing an industrial park in Ariyalur. While Thirumavalavan reiterated VCK's stance on power-sharing, he clarified that the 2026 election isn't the right time for the demand and affirmed VCK's continued alliance with DMK.
We expect the market to consolidate in a broader range with sector rotation and intermittent volatility. Nonetheless, rural demand, festive sales, and the wedding season should bolster consumption sectors.
Prime Minister Narendra Modi arrived in Rio de Janeiro, Brazil, for the G20 Leaders' Summit and was warmly welcomed by the Indian diaspora. The greeting included a traditional dandiya ceremony, Vedic chants, and gift exchanges. PM Modi shared his anticipation for meaningful discussions at the Summit, building on the Global South priorities advanced during India's G20 presidency last year.
Solar Energy Corporation of India (SECI) issued a show-cause notice to Reliance Power and its subsidiary, Reliance NU BESS, for allegedly submitting fake bank guarantees. SECI discovered that the bank guarantee submitted by Reliance NU BESS was fake and has barred the companies from participating in its tenders for three years.
Enviro Infra Engineers is gearing up for an initial public offering (IPO) to raise capital for working capital, debt repayment, and a sewage treatment plant project. The IPO, scheduled for November 22-26, aims to raise up to Rs 650.43 crore with a price band of Rs 140-148 per share. Listing is anticipated on November 29.
ICICI Securities raises target price for National Aluminium Company to Rs 235. The brokerage upgrades the stock to 'Add'. Nalco benefits from high alumina prices. The company reports strong earnings for the recent quarter. ICICI Securities revises its alumina price estimates upwards. The brokerage has revised the target price to Rs 235 (earlier Rs 145) on an unchanged 5.5x FY26E EBITDA
Over the past week, Bluesky's growth has exploded, more than doubling to 15 million-plus users as people seek alternatives to X, Facebook and Threads. It has rocketed to the top of Apple's and Google's app stores as the most downloaded free app. Its ascent has been so rapid that the company has been forced to grow up practically overnight.
Indian Prime Minister Narendra Modi, during his visit to Nigeria, has pledged to strengthen the strategic partnership between the two nations. Modi emphasized collaboration in defense, energy, and trade, while addressing shared challenges like terrorism and piracy. The visit also included the signing of several Memorandums of Understanding and the announcement of flood relief assistance for Nigeria.
K.P. Singh, in his book "Why the Heck Not," reveals how he persuaded Jack Welch, the then CEO of GE, to visit India. Initially hesitant, Welch was enticed by the prospect of seeing the Taj Mahal. The trip exposed him to India's potential, particularly in business processing, leading to GE's significant investment in the country's burgeoning BPO sector.
Muthoot Finance reported a 21% increase in consolidated net profit for Q2, reaching Rs 1,321 crore. This growth was driven by a 37% rise in total revenue, reaching Rs 4,929 crore. Consequently, Morgan Stanley upgraded the company to 'Equal-weight' from 'Underweight', raising the target price to Rs 1,600 from Rs 1,430.
Prime Minister of India Narendra Modi received Nigeria's highest national honor, the Grand Commander of the Order of the Niger (GCON). Uttarakhand Chief Minister Pushkar Singh Dhami praised PM Modi's leadership. PM Modi was also presented with the 'Key to the City' of Abuja. This was the first visit by an Indian Prime Minister to Nigeria in 17 years.
