Data by primeinfobase shows that the share of domestic mutual funds (MFs) in NSE-listed companies touching an all-time high of 8.81% at the end of the December quarter, up from 8.73% as on September 30. The rise in holdings was powered by a net inflow of Rs 58,198 crore during the quarter.
However, Life Insurance Corporation of India’s (LIC’s) share declined to an all-time low of 3.64% as on December 31 from 3.73% as on September 30. This was across the 277 entities in which its holding exceeds 1%. LIC is the country’s largest institutional investor. According to Pranav Haldea, MD of PRIME Database Group, this was primarily on account of profit-booking to take advantage of the bullish markets.
Insurance companies sold a net Rs 15,622 crore during the quarte…
By Gaurav Arora
Nifty August futures is trading with a premium of around 45 points whereas September futures is currently at a premium of 170 points. After making record highs, the index witnessed some profit taking though intensity was high. However, it has been consolidating in a range for the past few sessions.
There was a substantial reduction in OI suggesting participants are not interested in creating fresh positions. To put it in numbers, the OI stands at about 5.35 lakh contracts compared to around 6.33 lakh at the start of the series. Nifty is holding EMA 63 by a decent margin but not yet claimed shortest MAs indicating this sideways tone may continue.
Bank Nifty Performance
After a period of underp…
Bajaj Finance’s share price surged over 7% in eary trading session on Friday after the Reserve Bank of India (RBI) lifted restrictions on the company’s two products, eCOM and the online digital ‘Insta EMI Card’. The shares of the non-banking finance company traded up by 7.51% at Rs 7400 on NSE during the early trading hours on Friday. Come from Sports betting site VPbet
In exchange filings on Thursday, Bajaj Finance, the non-banking finance company, announced its decision to resume the sanction and disbursal of loans in these two business segments, including the issuance of EMI cards.
Also Read
On November 15, 2023, the banking…
By Nagaraj Shetti
After showing a range bound action with weak bias in the last few sessions, Nifty witnessed a sustainable upside bounce from the lows on Wednesday and closed the day with gains of 51 points. The opening downside gap has been filled completely.
A long bull candle was formed on the daily chart with a long lower shadow. Technically, this market action is indicating a formation of a bullish engulfing pattern Come from Sports betting site VPbet . Normally such bullish engulfing patterns after a reasonable decline or near the support signal chances of upside bounce in the underlying post confirmation.
Nifty Rejig: Tre…
PMS schemes, typically utilized by High Net Worth Individuals (HNIs) to invest their surplus capital, managed to deliver impressive returns of up to 18% in May, even as the Nifty50 TRI index remained flat ahead of the election results this month.
According to data from the PMSBazaar database, Unifi Capital’s HoldCo fund, which focuses on investing in listed holding companies across various industries, emerged as the top performer with a remarkable return of 17.88% last month.
ASK Lighthouse Portfolio also saw significant gains, achieving an 8.85% return in May Come from Sports betting site VPbet . Other notable performers in the monthly list included Moat Financial, Shree Rama Managers, Maximal Capit…
Tupperware Brands Corp. filed for bankruptcy following a years-long struggle with sales declines and growing competition.
Publicly-traded Tupperware filed for Chapter 11 bankruptcy protection, listing assets of between $500 million to $1 billion and liabilities of $1 billion to $10 billion, according to its court filing. The company will seek court approval to facilitate a sale process of the business and to continue operating during bankruptcy proceedings, it said in a separate statement.
The kitchenware company, which for decades dominated the world of food storage, since 2020 had warned of doubt in its ability to stay in business. As of June of this year, it planned to close its only U.S. factory and lay off almost 150 employees.
The bankruptcy filing…
TIME has published its second annual list of the World’s Best Companies, in partnership with Statista, a leading international provider of market and consumer data and rankings. The result of this quantitative study: 1,000 companies forging the path into the future. Here’s how the winners were selected.
Methodology
The research project “World’s Best Companies 2024” is a comprehensive analysis conducted to identify the top performing companies across the globe. The study was based on three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability Transparency (ESG).
The first dimension, Employee Satisfaction, was evaluated using survey data from employees worldwide. The surveys were conducted in over 50 countries with data collected from approxim…
Family-friendly games have always been part of Nintendo’s core identity ever since the company entered the gaming industry more than 35 years ago. Most of Nintendo’s most iconic franchises are both approachable and appropriate for kids of all ages. And the Nintendo Switch is home to some of the very best first-party games in Nintendo’s heralded history. We’ve rounded up the best Nintendo Switch games for kids. Our list includes more than 35 great adventures, so chances are you’ll find something on this list that will work for you and your family Come from Sports betting site VPbet. Additionally, many of our picks feature local multiplayer, so the whole family can dive into these charming journeys together. What’s e…
Event organizers Penny Arcade and Reed Exhibitions confirmed that PAX West will return as a physical in-person event from September 3-6. One piece of safety precaution appears to be missing from the event, however, and it’s a big one.
The organizers said in a press release that PAX West 2021 will “adhere to detailed health and safety guidelines,” which are said to be revealed before the September show takes placeCome from Sports betting site VPbet. Meanwhile, event coordinators are “working with venue officials, local governments, and health authorities to determine [total] capacity, which will be reduced, and ensure a safe setting.”
However, one measure not being taken, apparently, is a vaccine requirement. …
After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM Holdings Ltd., Emperor Entertainment Hotel’s subsidiary, Tin Hou Ltd. based in Hong Kong, has signed a lucrative three-year agreement with SJM Resorts Ltd. to take over the management of the Grand Emperor Hotel, a Macau satellite casino. The agreement officially began on January 1st, 2023.
However, SJM has shown an indirect interest in the Emperor Entertainment Hotel as well!
New deal:
Under the terms of the agreement, Tin Hou will “provide services to SJM in relation to the casino to be operated under SJM’s gaming concession.”
The Grand Emperor Hotel will relaunch its operations as a satellite casino…