GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge in meme stocks: […]
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Oil prices fell on Tuesday, after U.S. data suggested inflation remains sticky and OPEC maintained its demand forecast for the year. Brent crude futures fell $1.08 to $82.28 a barrel at 11:31 a.m. ET (1531 GMT), while U.S. West Texas Intermediate crude futures (WTI) lost $1.17 to $77.95 a barrel. […]
Based on calculations done by Nuvama Alternative & Quantitative Research, the inclusions to the MSCI indices could bring in inflows from foreign investors worth $2 billion for domestic equities. ‘’The May review will entail another action-packed rejig as we anticipate close to $2 billion inflow into India,” said the financial […]
Markets regulator Securities and Exchange Board of India (Sebi) has recently tweaked regulations, making it mandatory for at least one key personnel within the investment team of the manager of an Alternative Investment Fund (AIF) to have the relevant certification. As per a Sebi circular dated May 13, the investment […]
US stock indices edged higher on Tuesday after stronger-than-expected producer prices inflation and ahead of Federal Reserve Chair Jerome Powell’s speech later in the day. A report showed that US producer prices (Producer Price Index) rose more than expected in April amid strong gains in the costs of services and […]
The company’s shares rewarded their shareholders handsomely in recent years as they maintained continued upward trajectory. Over the past five years, the company’s shares have surged from ₹19 apiece to the current level of ₹224.50, marking an impressive gain of 1081%. Notably, in November, the stock reached a 15-year high […]
Nithin Kamath’s Zerodha has introduced a new hands-on ‘notes’ feature for traders on its Kites mobile app in order to enhance the user-friendly experience and make the trading process seamless on the platform. The ‘notes’ feature on Kite app allows users to add the specific reason for adding an instrument […]
A significant 77.5% of this investment was concentrated in just 10 companies. HDFC Bank took the lead with mutual funds increasing their stake from 16.28% in FY22 to 23.17% in FY24, marking an impressive investment of ₹1.2 trillion and a 6.9% increase. Reliance Industries also witnessed a robust increase, with […]
In comparison to the Nifty 50, the Nifty Midcap 50 and Nifty Small Cap 100 outperformed, with gains of 0.7% and 2.03% respectively. The Nifty 50 has provided the following returns over different time periods: -0.35% in the last week, -0.22% in the last month, 1.76% in the last three […]
Brokerage house DART believes that Aurum PropTech (AURUM), is one such new-age technology company, that will emerge as an influential game changer in India’s solid proptech growth momentum. It has initiated coverage on the stock with a ‘BUY’ rating and DCF-based target price of ₹250, implying an over 68 percent […]