Latest Stock Market News

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The return of the retail investors and companies coming to the primary market with unprecedented force have kept the brokerage sector busy as well as thriving. The broking companies improved their platforms to promote ease of trading with the adoption of technologies such as artificial intelligence (AI), lowered brokerage fees, and tweaked their offering to suit the needs of new investors.

The fund house will pay out Rs 2,919 crore to investors in the six schemes next week, which is more than 48% of the current AUM of the six schemes.

Research shows stocks with tickers that are actual English words enjoy advantages like lower spreads and greater liquidity. But crucially, they’re also more popular with less-sophisticated investors. It’s a potential game-changer now the retail crowd is driving as much as a quarter of U.S. equity trading volume, and a behavioral quirk that’s especially important for funds.

Radhika Gupta of Edelweiss Mutual Fund shared a thread of three best investments she has made in her lifetime. Smallcap hunter Soumya Malani said the single biggest reason for big losses in trading is unwillingness to cut positions when you know it has gone wrong to avoid a small loss. "Remember, every big loss was once a small loss that wasn’t cut. Pay market small fees, learn the lesson and move on."

FPIs net buyers in Aug, invest Rs 986 cr in equities

Updated at : 2021-08-29 14:20:01

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According to data from depositories, FPIs bought equities worth Rs 986 crore and invested Rs 13,494 crore in the debt segment between August 2-27. This translated into a total net investment of Rs 14,480 crore. In July, they were net sellers at Rs 7,273 crore. There is cautiousness among FPIs towards investing in Indian equity markets despite signs of economic recovery.

NFTs: Blending commerce and metaverse

Updated at : 2021-08-29 13:20:01

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NFTs have become a cynosure of all eyes. Artists, singers and even sportspersons are moving into this space. Football legend Messi has jumped on to the NFT bandwagon by launching NFT crypto art collection – ‘Messiverse’.

RCF, NFL share sale by Dec, govt to get Rs 1,200 cr

Updated at : 2021-08-29 12:20:01

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The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised last fiscal. Most disinvestment proceeds will be raised by selling stake and management control in companies like Bharat Petroleum Corp Ltd, Air India, Shipping Corp of India and by listing Life Insurance Corp.

2 IPOs to open on Sept 1 to garner Rs 2,465 crore

Updated at : 2021-08-29 12:20:01

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The initial public offer (IPO) of healthcare chain Vijaya Diagnostic Centre and specialty chemicals maker Ami Organics will open for subscription on September 1 and conclude on September 3. So far in the current fiscal, a total of 20 companies have mopped up more than Rs 45,000 crore through IPOs. This is much higher than Rs 31,277 crore raised by 30 firms in the entire 2020-21.

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Prospective bidders, who intend to subscribe to the scheme, can bid for a minimum of 1 gm of gold at Rs 4,732 per gram against Rs 4,790 per gram for the previous tranche. There will be a Rs 50 discount for prospective investors that will bid online. The issue closes on Friday, September 3. The Certificate of Bond(s) will be issued on September 7.

Neeraj Dewan on where to invest in midcaps now

Updated at : 2021-08-29 11:20:01

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“Some correction had to happen in midcaps that is what we are seeing right now. Post this correction, good quality midcaps should start doing very well and will give good returns over the next one year.”

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