NSE study shows retail investors are dominating India’s stock market since the first Covid-19 lockdown and investing more and more money in diversified portfolios.
Indian bonds are already heading for the biggest monthly gain since April, and may get a further boost if the govt decides to cut back borrowing for the second half of the fiscal year.
Shares of six Adani Group companies crashed Monday wiping out more than $6 billion of the companies’ market capitalisation and bringing down Gautam Adani’s net worth.
The Nippon India Small Cap Fund managed by Samir Rachh has returned 28 per cent so far this year, the top performance among funds that manage at least Rs 3,673 crore, data show.
IndusInd Bank was the top loser in the Sensex pack, tanking around 8 per cent, followed by SBI, Bajaj Finance, Bajaj Auto. Infosys was the sole gainer.
After touching a low of 48,580.80, the 30-share BSE index was trading 1,254.49 points or 2.51 per cent lower at 48,775.34, while NSE Nifty sank 349.40 points or 2.35 per cent to 14,517.95.
The new SEBI limits on mutual fund investments, which take effect 1 April, also apply to bonds that can be converted into equity upon a pre-specified trigger event.
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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