It is noteworthy that ITC remained the 7th most purchased large cap stock in June and the 6th most held stock by mutual funds. Also, SBI, ICICI Bank and Infosys were the top 3 large cap stocks purchased by mutual funds (respectively).
Below is an excerpt of the most sold large cap stock by mutual funds:
20/07/2017 5:50:36 PM
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Large share of non-institutional credit in rural India may limit effectiveness of farm loan waivers
Five state governments recently announced farm loan waivers amounting to Rs996bn collectively: The farm loan waivers in five states met with scepticism by key policymakers in the country. The finance minister, heads of top commercial banks in the country
BENGALURU - India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll showed.
Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic
A recent Morgan Stanley report has downgraded the Indian utilities industry. It highlighted that renewable energy is becoming so cheap that thermal power, mostly coal, is uncompetitive.
This is a highly significant market signal which will likely be accompanied by growth in the already impressive list of high calibre international investors moving into India's renewables sector, i
Private-sector lender, Yes Bank said that Moody’s Investor Service has maintained the international long term rating issued to the Bank at ‘Baa3/P-3’ with Stable outlook. “Yes Bank’s International long-Term rating issued by Moody’s Investor Service, remains unchanged at‘Baa3/P-3’ with Stable outlook as updated vide Moody’s credit opinion dat
In the decade after liberalisation, there was a nearly 120 per cent rise in the number of domestic workers in India, says author Tripti Lahiri in her recently released book, "Maid In India". Women constitute over two-thirds of the workforce in this unorganised sector. They usually come from backward regions such as Jharkhand, West Bengal and Assam, are often barely of legal working ag
Below is the view On Crude oil outshines the commodities space by Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Commodities Broking):
“Precious metals traded lack lustre this week as factors revolving the US economy are healthy enough for the FED to raise interest rates, stronger global eq
Below is the view On Infosys Limited 1QFY2018 Results by Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking):
Infosys (CMP: INR 976 / TP: INR 1,179/Upside: 20.8%)
“Infosys posted better than expected results mainly driven by better than expected volume growth during the quarter. On sales front, the compa
By Sankalp Phartiyal and Euan Rocha
MUMBAI- India's top IT services company Tata Consultancy Services Ltd (TCS) is moving to capitalize on growth opportunities in areas such as life sciences and manufacturing, Chief Executive Rajesh Gopinathan said on Friday.
With IT spending in the core banking, financial services and insurance (BFSI) segment subd
Shriram Transport Finance Co's rating is not immediately affected by the announcement of IDFC's proposed merger with Shriram Group, Fitch Ratings said as per the PTI report. Shriram Transport, the flagship company of Shriram Group that provides financing for used commercial vehicles, is unlikely to be affected based on the proposed group structure, it said. Fitch believes regulatory app
MUMBAI - India's annual consumer price inflation eased to a lower-than-expected 1.54 percent in June, the lowest since a new index was adopted in 2012, from 2.18 percent in May.
Separately, data showed industrial output rose 1.7 percent in May from a year earlier.
A. PRASANNA, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP LTD
India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed, a result that could intensify calls for an interest rate cut.
Consumer price inflation is predicted to cool to 1.70 percent in June, easing further from May's 2.18 percent, according to the poll of more than 30 economists taken
Below is the views on PCR-OI surged to 1.34 as traders prefer buying puts by Ms. Sneha Seth (Derivative Analyst, Angel Broking)Ms. Sneha Seth (Derivative Analyst, Angel Broking)
“Trading for the week begun on a strong note, as the benchmark index opened with an upside gap which guided Nifty hitting fresh record highs in the early trade.
Use of modern HR technologies can help India Inc improve productivity and save millions of dollars by optimal use of human resources, say experts as per the PTI report. India commands a nearly USD 600-700 million slice from the global pie of USD 54 billion human resource technology market. Even though HR technology is still nascent in India, it has already achieved a base of USD 0.5 billion acc
Below is the Views on Market heavyweights like ITC, Reliance & PSU Bank stocks to watch out for in coming week by Mr. Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments
First trading session under GST regime started the week on strong note. Moving ahead in the week, benchmark indices turned cho
Anish Behera, Head of Strategy - Digital at Cheil Worldwide is one of the finest Minds, in a candid discussion with our editorial team and sharing his thoughts on multiple topics.
In the past decade Anish has had opportunity to work in various capacities across creative, digital and media agencies and has helped many brands achieve their ambitio
India's power grid needs to be upgraded if the plan to sharply step up power from renewable energy is to be successful, an energy expert has said.
"The now-outdated grid interface needs to be modernised into a smart grid capable of handling the ever-greater share of generation to come from new, low-cost renewable energy. That can't happen overnight," Tim Buckley
The government should take steps to curb black market transactions in gold which have an adverse effect on the economy, according to Y.V. Reddy, a former Governor of the Reserve Bank of India.
"Some of the demand for gold today stems from black market transactions, which have a nefarious influence on the economic systems and social fabric and deserve immediate and serious at
Burying the hatchet of demonetization
While there is little doubt that demonetization was black swan event for the microfinance industry, the slower than expected pace of improvement in collections over past six months has dented the confidence of investor community. The sentiment has further been soured by the farm loan waivers announced by various s
1st Take: CBDT Clarification on Cash Acceptance - Relief for NBFCs
Section 269ST of the Income tax Act, introduced by the Finance Act, 2017 w.e.f. April 1, 2017 put certain restrictions on cash acceptance. Essentially, per the section, no person shall receive an amount of Rs200,000 or more in cash:
(a) in aggregate from a per
With widespread protests in Tamil Nadu on the imposition of 30 per cent entertainment tax, apart from the Goods and Services Tax (GST) rate, the spirit of "good and simple tax" which aimed at uniformity seems to be getting muddied as states complicate the tax environment.
For the entertainment industry, below Rs 100 ticket fares attract 18 per cent GST while above Rs 10
Credit rating agency Moody's reported on Tuesday that it has revised the outlook for banks in the Asia Pacific from negative to stable.
A total of 77 per cent of bank rating outlooks in the region are now stable, up from 64 per cent at the end of last year, Efe news quoted the agency as saying.
It added that banks in China, Hong Kong, Singapore, Australia, New