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On a sequential basis, net profit fell as much as 40% as against Rs 85 crore clocked in the preceding quarter

Abans Holdings set up Abans Investment Managers as its subsidiary company to build investment products, fund management capabilities, and distribution support. The company has lately been focusing on the expansion of its investment management business as a key growth driver apart from its internal treasury operations and institutional broking, and this acquisition will only help in that direction.

Technically, the stock has moved in the range of Rs 318 to Rs 356 levels from September 2022 to January with volumes being quite low during this period. The price breached the consolidation phase at Rs 356 and moved upwards with high volumes to make an all-time high of 394 odd levels.

Chartists said though Nifty is advancing gradually on the upside, its consistent up move above the hurdles signals more upside ahead. “A decisive movement above 17,800 levels is expected to open the next upside target of 18,200 levels in the near term. Immediate support is at 17,650 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

According to MOSL Research, Nifty earnings are set to grow at 14% in Q4FY23.

Amid improving global sentiments, Nifty ended around 100 points higher at 17,722, while Sensex topped 60,000 levels. Sector-wise, PSU Bank was the outlier, while the IT pack was the top loser with over 1% loss.

Travel insurance covers two types of coverage: medical expenses and financial risks while traveling, such as loss of personal belongings, baggage, or passports. The choice of policy depends on the destination and duration of the trip, with senior citizens and students having specific requirements. Costs vary depending on geography, with the US being more costly for medical expenses than Singapore.

FII flows remained net negative in the second half of March as the institutional investors sold stocks to the tune of $546 million.

Real Estate Investment Trusts (REITs) are pooled vehicles that invest in real estate; they offer retail investors the opportunity to invest in commercial property, which is generally beyond their reach. As such, it offers a degree of regular income and tax efficiency as it operates in the lowest tax bracket. However, investors should note that a recent tax change may impact returns, resulting in a higher tax liability. Infrastructure Investment Trusts (InvITS) are more complicated than REITs.

“If you invest right, even after the tax liabilities, the returns may be good enough to help you create wealth. Equity as an asset class has generated the highest ‘real’ returns – returns after inflation – and therefore preferred by seasoned investors for wealth creation,” he observed.