It is time for mutual funds to take a relook at Credit Risk Funds

Posted on May 2, 2020 by Achiievers

The troubles for credit risk funds began soon after the IL&FS fiasco. It actually got exacerbated by cases like Essel, DHFL, ADAG, Jet and Yes Bank. The real last straw was when Templeton opted to wind down six of its funds due to the pressure of Read more [...]

NIFTY BOUNCES TO CLOSE ABOVE 11,900

Posted on December 12, 2019 by Achiievers

A late rally in oil and gas stocks led to a bounce in the indices from lower levels. Most oil and gas stocks gained sharply after crude prices stayed strong and the BPCL case hinted at sharp undervaluation of stake sale. Yes Bank continues to be Read more [...]

AFTER RECORD HIGHS, INDICES SCALE LOWER

Posted on November 27, 2019 by Achiievers

Nifty and Sensex touched record levels of 12,100 and 41,000 respectively on Tuesday but gave up gains from higher levels after the Maharashtra government had to resign over lack of numbers on the floor of the house. The big focus will be the GDP Read more [...]

BREXIT DEAL PROSPECTS SHOULD BE POSITIVE

Posted on October 16, 2019 by Achiievers

With Bloomberg reporting that UK could be close to a BREXIT deal with the EU, the pound had reacted very positively on Tuesday. The positive sentiments could rub off on Wednesday also. The growth rate cuts on the global front and India front are Read more [...]

ASSET QUALITY IS BACK TO HAUNT INDIAN BANKS

Posted on September 20, 2019 by Achiievers

It started with a credit warning by Moody’s on its Altico exposure but soon became a full-fledged sell-off on Indian stocks. Apart from Yes Bank, others like IndusInd Bank with large realty exposures also came under pressure. Auto stocks are Read more [...]

The second big fall in a single week

Posted on September 20, 2019 by Achiievers

Along expected lines Indian mutual funds will now give more time to Essel Group to settle its debts. Mutual funds gave the Essel Group additional time of 6 months to fully settle the dues of group companies. Last month, Chandra had sold a stake in Zee Read more [...]

FPIs continue to sell Indian equities

Posted on September 18, 2019 by Achiievers

It was a day when the Nifty and Sensex took a sharp hit but Wall Street ended higher on Tuesday. On a day when the Sensex corrected close to 650 points, the Dow and the NASDAQ ended in the positive. The difference was in the Saudi announcement that production Read more [...]

HIGHER LEVELS COULD SEE SELLING PRESSURE

Posted on September 5, 2019 by Achiievers

The markets saw a bounce on Wednesday but the auto sector continued to drag the overall market. With growth concerns still quite high, any bounce in the market would be met with selling pressure at higher levels. Metal stocks could be in the positive Read more [...]

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