Indian benchmark indices experienced a sixth consecutive day of gains, fueled by banking and FMCG sectors and foreign investment inflows. Viral Chheda of SSJ Finance and Securities suggests a buy-on-dips strategy for HCL Tech, Nestle, and Bajaj Housing, anticipating significant upside potential over the next 10-12 months, while advising on stop-loss levels to manage risk.
Overseas investors offloaded shares in the financial services and capital goods sectors worth 4,501 crore and 3,019 crore, respectively. While capital goods had seen outflows last month, financial services had received foreign inflows worth over 14,000 crore.
While the Great Equity Run may have helped investors discover a quicker way to creating wealth than savings, the bond endures. We bring an investors perspective on what you could do ahead.
Ather has reportedly trimmed its valuation to about $1.4 billion from a previously estimated $2 billion, reflecting continued tepid sentiment in the secondary market. The company plans to use the IPO proceeds for capital expenditure, R&D, marketing, and debt repayment. Last year, Ather raised 600 crore in a funding round led by NIIF at a valuation of $1.3 billion.
Retail prices touched 1,03,000 for 10 gm of gold with a 3% goods and services tax (GST), an occurrence which does not augur well for sales on Akshaya Tritiya, an annual Hindu and Jain spring festival when it is considered auspicious to buy gold. Akshaya Tritiya falls on April 30 this year.
Investors can sell sovereign gold bonds on stock exchanges or prematurely redeem them in the repurchase facility offered by the government once every six months, after the end of the fifth year. After the eighth year, bonds are redeemed, and the accumulated capital is given back to investors.
The Reserve Bank of India's revised liquidity coverage ratio norms are projected to unlock 2.7-3 lakh crore for banks, boosting lending capacity. This move aims to balance liquidity and profitability, mitigating risks from online withdrawals with a reduced run-off factor. Experts believe banks may adjust deposit strategies, favoring short-term deposits, while the framework supports credit growth potential.
