HDFC Bank shares: $1.8 billion of MSCI flow expected next month
Shares of India’s largest private sector lender HDFC Bank, which has been testing investor patience for the last few years, may attract $1.8 billion inflows as global index services provider MSCI may increase its weightage. HDFC Bank’s September shareholding pattern shows that the FII headroom remains safely above 20%. “As a result, the second phase…
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197 smallcaps offer double-digit returns as markets continue record-breaking run in August
Domestic markets continued their record-breaking run even in the month of August, but the gains were steady with Sensex gaining close to 1%. The rally was also broad-based with the smallcaps outperforming the benchmark as the BSE smallcap index was up around 1.25% during the month. This was reflected in the gains of the broader…
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Waning demand set to hit breakneck rally in auto stocks
A sizzling rally in Indiaβs auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins. Indiaβs NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index. Bellwether Maruti Suzuki India Ltd. has slid 6% so far in…
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To invest or not? Understanding sectoral and thematic mutual funds
Chasing trends always seems quite exciting, but what most people tend to be unaware of is the pitfalls of such behavior. An American novelist and poet Jack Kerohouac sums this up well when he says βGreat things are not accomplished by those who yield to trends and fads and popular opinionβ. When it comes to…
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