Other major losing stocks this session were HPG of leading steelmaker Hoa Phat Group and NVL of real estate developer Novaland, both down 1.4 percent, MWG of electronics retailer Mobile World, down 1.3 percent, and GAS of energy giant PetroVietnam Gas, 1.2 percent. … [Read more...] about VN-Index ends five-session gaining streak
Mid cap and small cap stocks
I am pursuing my graduation and have invested a small amount in the equity market. What are the investment options if I have a surplus of Rs 1,500 per month?Ankur Choudhary Co-Founder and CIO, Goalwise replies: Two popular avenues where you can invest small amounts regularly are recurring deposits and mutual fund SIPs. You can choose a recurring deposit if you want fixed returns with negligible risk or you can opt for SIPs. Mutual funds give you the flexibility of investing in various asset classes like domestic equity, international equity, gold or debt with amounts as low as Rs 500 (or even Rs 100 in some cases). In fact, with Rs 1,500 you can construct a fully diversified SIP portfolio comprising domestic equity (HDFC Index Fund Sensex Plan), international equity (Motilal Oswal S&P 500 Fund), gold (ICICI Prudential Gold Savings Fund) and debt (Nippon Liquid Fund). There are no guaranteed returns when you invest in mutual funds and even your principal amount is at risk of loss. … [Read more...] about What is the best way for a graduating student to invest his monthly surplus savings?
"FPIs sold equities worth USD 261 million over the past five trading sessions, while DIIs sold USD 106 million worth of equities in the same period. We are now beginning to see some fatigue coming into the market as reflected by the selling by FPIs and DIIs. … [Read more...] about Benchmarks wobble on weak global cues; log weekly gains
Quality companies are very expensive but there is not enough economic momentum to pull up the second rung of managements and business models, Manish Gunwani, CIO Equities, Reliance Nippon Life Asset Management, tells ET Now.Edited excerpts: We are half way into the year and three months into the financial year. The calendar year is what global markets follow; for our local markets, we draw cues from the financial year given the earnings profile. How do you see things stacking up? Definitely from the global side, we are seeing some challenges to India’s position because we have seen the dollar appreciate sharply. While world growth has remained reasonably strong at the margin, the data from Europe, Japan and China is not that strong. This means that US continues to be the strongest performing developed market which obviously implies that the dollar has a positive outlook as of now. As long as dollar is strong, you clearly will see stress on emerging market inflows. From a … [Read more...] about Guard up for a volatile year with moderate returns: Manish Gunwani, Reliance Nippon Life AMC
11:31 a.m. California Legislature delays return to the Capitol: State Senate President Pro Tem Toni Atkins, D-San Diego, and Assembly Speaker Anthony Rendon, D-Lakewood (Los Angeles County), announced Thursday that the Legislature would extend its summer recess by two weeks, after at least half a dozen people who work in the Capitol tested positive for the coronavirus. The Legislature, which was initially set to return Monday, will now resume session on July 27. “Our staff has been working diligently to adjust the legislative calendar to accommodate committee hearings and full session schedules as appropriate,” Atkins and Rendon said in a statement. “We will continue to do the people’s work under rules and procedures to minimize the opportunity for spread of infection to the fullest extent possible.” Two lawmakers are among those who were recently infected: Assemblywoman Autumn Burke, D-Marina Del Rey (Los Angeles County), said Monday that she was exposed … [Read more...] about Coronavirus news from the Bay Area: July 8-9