1 February 2018
IDFC Bank, a part of the integrated infrastructure finance company Infrastructure Development Finance Corporation Ltd (IDFC Ltd), is a private sector bank. IDFC Ltd received a universal banking licence from RBI in July 2015 and started operations in October 2015.
Creation of multiple HUFs is not advisable as the Income Tax Department may take a view that multiple HUFsare created with the sole intention of misuse and abuse of provisions of the Act
Indian equity markets traded with much optimism before the biggest announcement of the year – Union Budget 2018. The key benchmark indices showed strong momentum even as the concerns on valuation remained.
After the broader markets initiated correction in the second week of January, it was time for the benchmark indices to follow suit. Accordingly, the benchmark indices are off their all-time highs after an energetic pre-budget rally. Apart from budget expectations, both Nifty and Sensex were moving up on D-street on stock-specific or sector-specific news and developments, in the midst of results season kick-off.
The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation
It is heartening to see mutual funds playing an increasingly important role in wealth building process of investors in our country.
Sensex has crossed the 36,000-mark and, on a YTD basis, it is already up by 6 percent. With the major benchmark indices, viz., Sensex and Nifty enthusing investors like never before, nothing could be more rewarding for the investors. How does one beat the market that is touching record highs and still looks formidable?
Regardless of whether you are a short-term trader or a long-term investor, you have probably heard the common wisdom that ‘the trend is your friend.’ Trend following remains the most absolute mainstream methodology for making huge profit in the stock markets. In the world of stock markets, there are two essential phases, namely, trending and sideways.
The Indian IT index has lagged the benchmark equity indices through the past calendar year, gaining nearly 11 per cent compared to a whopping 28 per cent rise in the Sensex during the same period. However, should the much-awaited revival in the IT sector materialise as expected, the sector may see some big gainers in 2018.
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
28 September 2016
The Indian markets witnessed handsome recovery from lower ends. Auto index led the rally followed by Metals and Bankex. The Nifty index ended up by 39 points at 8745 and Sensex closed 69 points higher at 28292. Both the indices closed higher by 0.2-0.45 per cent respectively.
23 September 2016
The bears have hammered the indices at closing buzz and the Indian markets witnessed a deep cut. Majority of the selling was witnessed in Banking stocks and index closed down by 282 points. The Nifty ended lower by 36 points at 8831 and Sensex was 104 points down at 28668. The indices lost -0.36 to 0.40 per cent respectively.
20 September 2016
The Indian markets didn't witness any sign of recovery till closing session. The majority of the indices closed in negative territory. The Sensex fell 111 points and ended at 28523. The Nifty ended with negative note, down by 32 points at 8775 level. Both the indices closed down around 0.35 per cent each.
After starting on a weak note, the Indian markets remain in stress in the mid-morning session. At the moment, the Sensex is trading lower by 100 points at 28536; and the Nifty is down by 30 points at 8778. The indices are seen trading lower by around 0.3 per cent each.
19 September 2016
The Indian markets saw a highly volatile session today. The indices first pulled up in the morning session, then sustained at the same level till the closing. At the closing bell, the Nifty ended higher by 28 points at 8808; and the Sensex gained 35 points to close at 28634.
16 September 2016
The Indian markets witnessed superb recovery session, with Auto, FMCG and Healthcare being the key gainers. The Nifty ended 37 points up at 8779 and the Sensex ended 186 points up at 28599. The global scenario also looked up today.
The Indian markets carried on with their northward journey in the mid-session too. At present Nifty is trading up by 95 points to trade at 8837 and the Sensex is up by 333 points and is trading at 28746. Both the indices were seen trading higher by more than 1.5% each.
15 September 2016
The NSE 50 and BSE 30 shares witnessed a vital support on the lower level in September 15, 2016's session. Banking and Consumer Durables have continued with profit booking and ended negative by 123 points and 133 points respectively. The Nifty ended up by 16 points at 8742 and Sensex closed 40 points higher at 28412. The indices ended higher around 0.14-0.18 per cent each.
The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the currency segment, wherein the -INR was seen trading at around 67.05 to the dollar. The Nifty is trading down by 8 points at 8717; and the Sensex is down by 22 points at 28348. The indices are trading on a negative note between 0.9-0.14 per cent.
12 September 2016
The Indian markets nosedived on September 12, 2016 without a single sign of recovery till the closing session. The indices like Auto, Banks, Capital Goods and Metals dived around 2.5 per cent each. The Sensex fell by 443 points and ended at 28353. The Nifty ended down by 151 points to close at 8715 level. Both the indices closed down by more than 1.5 per cent each.