Latest Stock Market News

Systematic investing is an investment approach that uses a rule-based approach for portfolio creation. It uses data-driven insights and advanced computer modeling techniques, in an automated way, that offers many advantages over the traditional approach.

The management highlighted that the demand environment and deal pipeline continue to be strong, but it remained vigilant on macroeconomic uncertainties. Edelweiss said it is reducing dollar revenue growth forecast to incorporate cross-currency headwinds.

Among the BSE500 names, Brightcom Group was the lead gainer, surging 27.25 per cent to Rs 42.25 from Rs 33.20 a piece a week ago. When sought clarification by the stock exchanges, the company said it had no additional information or announcement to share that needs to be disclosed to exchanges or shareholders, which could have bearing on the price and volume behavior.

Arun Thukral has over 3 decades of experience in the BFSI world and has been investing in markets for over 2 decades. He is a former MD and CEO of Axis Securities. In an interview with ETMarkets, Thukral said: “Sometimes you know that if you sell a losing position and shift to a better position you will make more money” Edited excerpts:

After a brutal first half of the year, U.S. stock markets started July on a solid footing as investors took relief from easing commodity prices and the Fed hinting at a more tempered program of rate hikes amid concerns of a recession.

Kotak Mahindra Bank on Friday said that it has acquired the agri and healthcare equipment financing portfolio of global asset finance company DLL India. Kotak will gain access to over 25,000 customers with a total standard loan outstanding of around ₹ 582 cr. Moreover, Kotak has also acquired the non-performing assets portfolio with a total loan outstanding of around ₹ 69 cr.

About Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance broking/corporate agency services by the insurance company, according to a separate statement. RBI had carried out Statutory Inspection for Supervisory Evaluation (lSE) of the bank with reference to its financial position as on March 31, 2020.

Musk says Twitter failed to provide information about fake accounts on the platform.

This is a fresh case against Ramkrishna, Narain and Pandey who are already being probed in the NSE colocation case. Ramkrishna has been arrested by the CBI and is currently in judicial custody. While Narain has been quizzed, Pandey is yet to be summoned by the agency in the said matter,

Tata Sky, another Tata Group company, is also planning to launch its IPO to provide an exit to investors, including Disney. The satellite television business has yet to file its draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India.