Shares of Bajaj Auto, Adani Ports & Special Economic Zone, Tata Steel, Larsen & Toubro hit their fresh 52 wk highs today. Nifty 50 was down by -37.9(-0.17%) points and Sensex was down by -226.64(-0.31%) points at 02 Apr 2024 10:59:58 IST.Bank Nifty was up by 17.9(0.04%) at 02 Apr 2024 10:44:59 IST.In the BSE … Read more
Have you ever wondered what would happen if your credit score is different across credit bureaus such as CIBIL, Equifax and Experian? For instance, what if your CIBIL score is 760 whereas the one on Equifax is 740. Is this possible and if yes, why? Well, credit score ranges can certainly vary, albeit slightly, among … Read more
“While the year-end profit booking, Sebi advisories to mutual funds to curb froth in smids (small- and mid-cap counters) and overvaluation in some counters caused the broader market indices to correct sharply till the middle of last month, selective picking by funds and other investors at lower levels erased the losses in the second-half, which … Read more
These norms serve to verify the identity and credentials of account holders, ensuring transparency and security in financial transactions. In 2002, the Reserve Bank of India (RBI) introduced KYC guidelines for banks to prevent their misuse for illicit activities like money laundering or terrorist financing. Also Read: Demat Account: How to choose between full-service and … Read more
Crude prices saw a modest 1% increase, reaching a five-month peak. This surge was fueled by anticipations of rising oil demand, prompted by upbeat economic updates from both the U.S. and China, on Monday. Additionally, global supplies faced constraints due to OPEC+ production cuts and assaults on Russian refineries. Brent futures climbed by 73 cents … Read more
Dividends play a significant role in generating income for investors in stocks or mutual funds. Dividends signify a fraction of a company’s profits shared with its shareholders. This allocation is influenced by multiple factors, encompassing earnings, financial health, and corporate strategies. Companies often declare dividends periodically, whether quarterly or annually, reflecting their commitment to distributing … Read more
The basis of allotment allows investors to ascertain if and how many shares they have been allocated. In the IPO allotment status, the number of shares allocated is also shown. For applicants who did not get shares, the company will start the refund procedure. The allotted shares will be transferred into their demat accounts. Tuesday, … Read more
Fund of funds (FoFs) that invest in overseas exchange traded funds (ETFs) will stop accepting fresh inflows from 1 April as the mutual fund industry is close to hitting its $1-billion limit to invest in overseas ETFs. However, investors can still diversify globally as some international funds have headroom to invest in international stocks. These … Read more
Hindustan Aeronautics will be supplying 6 sets of LM2500 Gas Turbines(GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessel(NGMV) Project to Cochin Shipyard. The order by Cochin Shipyard is to be executed by Hindustan Aeronautics (HAL) between FY26 to FY29. Strong order book bodes well for Hindustan Aeronautics (HAL) in … Read more
Retail investors predominantly invest in equity mutual fundsand, as per data put out by the Association of Mutual Funds in India in December, over 95% of the assets under management (AUM) in debt mutual funds (MFs) comes from corporate entities, while over 90% of equity AUM comes from retail and HNI (high net worth individuals) … Read more
