Mumbai: Shriram Housing Finance will receive flows worth $260 million as part of its inclusion into the Nifty on March 28, according to a brokerage Nuvama Research. UPL, which is being excluded from the benchmark index, could see outflows to the tune of $95 million. The rejig will take place on March 28, but the … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government’s share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors … Read more
US markets have started their journey upwards and are 2 to 3% away from their all-time highs and are showing positive momentum. The US Federal Reserve paused hiking interest rates and are cautiously optimistic about the economy. The US Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the … Read more
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