INVESTOR INTEREST


Moneylife Digital Team 11 June 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were trending up. The major indices were volatile this week but closed with decent gains.   The trend of the major indices in the week is given in the table:     On Monday, the indices opened higher...

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Moneylife Digital Team 11 June 2021
INDIAN MARKET TRENDS From 4th June to 10 June 2021, ML Micro-cap Index, ML Small-cap Index, ML Mid-cap Index, ML Large-cap Index and ML Mega-cap Index rose 7%, 5%, 3%, 2% and 1%, respectively. The NIFTY and the Sensex ended flat.     FUND FLOWS Foreigners:...

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Clinton Fernandes 11 June 2021
Axis Mutual Fund has launched a new open-ended equity-oriented quant scheme. A quant scheme uses quantitative, i.e., data-driven analysis to pick stocks and other investments.   Axis Quant Fund will use fundamentals-oriented Q-GARP philosophy to its quants model. Q-GARP refers to...

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Moneylife Digital Team 11 June 2021
RPSG Ventures Ltd (RVL) is a part of the RP-Sanjiv Goenka group and has diverse business interests ranging from information technology (IT) and IT-enabled Services (ITeS), fast moving consumer goods (FMCG), real estate, sports management and quick service restaurants (QSR). RVL also makes...

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The lady on the street implicitly trusts public sector banks (PSBs) for their sarkari parentage and presumes her deposits are safe, since a bank owned by the government will not be allowed to go under and cause any loss to the public in any eventuality.  That may be true in respect of the...

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The Reserve Bank of India (RBI) has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022.   Customers are eligible for five free transactions (inclusive of...

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Moneylife Digital Team 10 June 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex were under some pressure. On Thursday, the indices opened higher and ended with decent gains. On the NSE, there were 1,523 advances, 439 declines and 294 unchanged.   The trend of the major indices on Thursday’s trading...

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Moneylife Digital Team 10 June 2021
Greenpanel Industries Limited (Greenpanel) has come out with excellent results for the March quarter and is gung-go about the future as well. While the stock has run up a lot, is there more steam left? Greenpanel makes plain and pre-laminated medium density fibre boards (MDFs). It also...

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Ranganathan V 09 June 2021
There is no finding the light at the end of the black hole aka public sector banks (PSBs). The mounting non-performing assets (NPAs) have been unyielding to any salutary solution and the government and the Reserve Bank of India (RBI) have practically thrown every known ammunition at the...

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Moneylife Digital Team 09 June 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may continue to trend higher. On Wednesday, the indices opened higher but ended with major losses. On the NSE, there were 713 advances, 1,217 declines and 328 unchanged.   The trend of the major indices on Wednesday’s...

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Moneylife Digital Team 09 June 2021
The listed companies of the Aarti group have delivered phenomenal returns to their shareholders. Aarti Industries, Aarti Drugs and Aarti Surfactants have all been multi-bagger stocks. Another less-known multi-bagger from the same group has been Valiant Organics (Valiant). Valiant is in the...

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Our economy is growing. Our economy is shrinking. Our economic growth is 10%. Our economic growth is 5%. So much noise! The economy is, indeed, growing. But does this mean that every Indian is becoming better off equally? Or, are some making much more money than the others? In this pandemic,...

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The Reserve Bank of India (RBI) has asked banks to continue preserving the CCTV recordings of operations at their branches and currency chests for the period from 8 November 2016, to 30 December 2016, in view of the pending investigations and legal proceedings in matters related to illegal...

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Moneylife Digital Team 08 June 2021
We had mentioned in Monday’s closing report that Nifty, Sensex may continue to rally. On Tuesday, the indices opened higher but ended with minor losses. On the NSE, there were 1,055 advances, 915 declines and 60 unchanged.   The trend of the major indices on Tuesday’s trading are...

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Moneylife Digital Team 08 June 2021
The Reserve Bank of India (RBI) has imposed a penalty of Rs6 crore on Bank of India (BoI) and Punjab National Bank (PNB) for contravention of norms, including one related to ‘frauds - classification and reporting’. A penalty of Rs4 crore has been imposed on Bank of India and Rs2 crore on...

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Moneylife Digital Team 08 June 2021
Astral is one of India’s dominant brands in plastic pipes segment, with diverse end-user applications. The company is gradually progressing in the adhesives segment and infrastructure products and making inroads in plastic water tanks. Astral has 13 manufacturing plants (6 for pipes, 5 for...

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Ranganathan V 08 June 2021
The century scored by the regulator in issuing the much-awaited order in the case of Franklin Templeton Mutual Fund (MF) has hogged the headlines in the media and the order that the asset management company (AMC) shall return the fees collected from 4 June 2018 in all the affected schemes to...

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Markets regulator, the Securities and Exchange Board of India (SEBI) has debarred Franklin Templeton AMC Director Vivek Kudva and his wife, Roopa Kudva, for one year from the securities following an investigation.   A fine of Rs4 crore has been slapped on Vivek Kudva and Rs3 crore on...

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In a major blow for Franklin Templeton Asset Management Company (FTAMC), the Securities and Exchange Board of India (SEBI) has barred the fund house from launching any new debt scheme for two years, while imposing a penalty of Rs5 crore for violation of regulations in the shutting down of six...

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Domestic stock exchange BSE has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on Monday (June 7).   The exchange also completed the journey from 6 crore to 7 crore users in just 139 days, as compared to 241, 652 and 939 days needed for the...

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