NEW DELHI: FMCG shares were trading higher in Friday's session. Shares of P & G Hygiene (up 4.03 per cent), Jubilant Foodworks (up 3.78 per cent), ITC (up 3.48 per cent), Nestle India (up 3.19 per cent), TATA CONSUMER PRODUCTS (up 3.01 per cent), Hindustan Unilever (up 0.97 per cent), United Breweries (up 0.77 per cent), Britannia Industries (up 0.76 per cent) and Dabur India (up 0.65 per cent) were among the top gainers. The Nifty FMCG index was trading 1.63 per cent up at 26099.55 around 02:09 pm. Benchmark NSE Nifty50 index was up 82.50 points at 8723.95 , while the BSE Sensex was up 82.77 points at 30029.54 . Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red. Shares of YES Bank, SBI, Vodafone Idea, Ashok Leyland, ICICI Bank, Axis Bank, Tata Motors, IDFC First Bank Ltd., and IndusInd Bank were among … [Read more...] about Share market update: FMCG shares trade higher; ITC gains 3%
Market share in marketing
After a massive RBI rate cut, SBI followed suit by cutting MCLR. Sabharwal is of the view that once normalcy returns, the impact of the monetary policy will be huge. SBI passing on the entire rate cut by @RBI is huge very huge. Once the lockdown ends and normalcy returns we will… https://t.co/HtbwhY39qw … [Read more...] about Tweet Buster: Time to bet on microcaps; is the worst over for markets?
Mumbai: IndiaNivesh Investment Managers has shut down its portfolio management business in the wake of the coronavirus outbreak, the first casualty of the current market meltdown. “In view of the current market volatility pursuant to the global outbreak of Covid-19 and its long-term impact on our business, we have decided to close our operation at IndiaNivesh Investment Managers, a Sebi registered portfolio manager,” IndiaNivesh said in a note to investors. “Thus our sole strategy of Sprout Portfolio will be wound up,” it added. The firm has been in this business since 2015. IndiaNivesh Investment Managers said consequently all the assets in its custody such as securities and bank balance, among others will be handed over to the clients. The firm said the client had two options under which it can transfer the clients assets to their designated bank account/demat. This could be either liquidation of all the shares held in the strategy and transfer the … [Read more...] about Covid fallout: IndiaNivesh shuts down PMS business amid market meltdown
Selling pressure by exchange traded funds, which have built up a large portion of the market share of hard currency credit in recent years, could exacerbate the challenge for some frontier markets, which tend to have a higher exchange traded fund ownership, such as Jordan, Angola, Kenya, Nigeria, Ivory Coast and Iraq, Pakistan and Azerbaijan, said Trieu Pham, EM Sovereign Debt Strategist at ING. … [Read more...] about After Lebanon, where next? Emerging markets look for weak links
The volatility also increased sharply in last couple of weeks, as VIX hit 86 levels before falling to 70 last Friday. In such conditions, all experts advised traders to be calm and not to panic as high volatility is likely to bring more pressure on bulls, but for long term investors, it is right time to invest in quality stocks. … [Read more...] about Time to become greedy? Motilal Oswal suggests 10 stocks available at attractive valuations