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Mf Solution is the firm which has rich exposure in the financial investments space and portfolio advisory services. Today we are a well diversified financial services firm offering a range of financial products and services such as Financial Planning, Wealth Management, Portfolio Management Services, Loans & Taxation.

We offer a progressive planning practice that differentiates itself by being disciplined, well researched and profitable. We are a privately owned company and therefore core decisions regarding our processes and practices start at grassroots, ensuring all angles are covered in the decision making process.

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Fund Performance

SME IPO: Kore Digital issue opens for subscription. 8 key things to know

Maharashtra-based passive telecom infrastructure provider, Kore Digital's initial share sale opened on Friday with a price band of INR 180. This IPO is a fresh issue of up to 10 lakh equity shares of face value INR 10 each, aiming to raise around INR 18 crore. The net proceeds will be used to meet working capital requirements, investment in strategic acquisition, and other general corporate expenses. The allotment will be on June 12th and the shares will be listed on NSE Emerge on June 15th.
2023-06-02T21:08:16+05:30

IKIO Lighting IPO: 10 things to know about the public offer

Indian LED lighting solutions manufacturer IKIO Lighting is launching its initial public offering (IPO) June 6-8, with shares expected to start trading on June 16. The company's shares will likely be listed at between INR270 ($3.81) and INR285 per equity share, with the upper end of that range raising INR607 crore for the company. The IPO will include a fresh equity issue of up to INR350 crore and an offer for sale of up to 9 million shares. The proceeds will be used to repay borrowings, invest in subsidiary IKIO Solutions and for general corporate purposes.
2023-06-02T17:04:58+05:30

IKIO Lighting's Rs 607-crore IPO to open on June 6

Investors can bid for a minimum of 52 equity shares and in multiples of 52 thereafter. Under the OFS, promoters Hardeep Singh will offload 60 lakh shares, and Surmeet Kaur will sell about 30 lakh shares.
2023-06-02T06:01:12+05:30

IKIO Lighting IPO to open on June 6; price band fixed at Rs 270-285 per share

Indian LED lighting solutions manufacturer, IKIO Lighting, has set a price band of INR 270 to INR 285 for its initial public offering (IPO), which opens for subscription on June 6 and is available until June 8. The IPO comprises a fresh equity issue of up to INR 350 crore and an offer for sale of up to nine million shares. 50% of the offer has been reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
2023-06-01T13:27:29+05:30

SME IPO tracker: Infollion Research offer subscribed 5.68 times; CFF Fluid Control issue subscribed 54% so far

Infollion Research's initial public offering (IPO) has been subscribed 5.68 times on Day 2, with one day remaining. The IPO includes a fresh issue of 22.24 lakh units and an offer for sale of up to Rs 3.92 lakh shares, priced between Rs 80-82. Infollion Research Services runs a marketplace catering to on-demand contingent hiring and work arrangements. The net proceeds will be used to fund expansion into the US and adding new freelancer categories. CFF Fluid control's IPO has so far been subscribed 54% on Day 1. The company's offer is a fresh issue of 52 lakh equity shares.
2023-05-30T17:30:14+05:30

SME IPO: CFF Fluid Control issue to open for subscription on Tuesday. 10 things to know about the issue

CFF Fluid Control is set to launch an initial public offering, with plans to close subscriptions on June 2 and list on the BSE SME platform on June 12. The Indian company specialises in manufacturing and servicing shipboard machinery for the Indian Navy, as well as systems for clean and nuclear energy. The issue offers 52 million equity shares for sale at Rs165 ($2) apiece, with the company hoping to raise up to INR858m ($13m). The retail-to-institutional investor ratio is 50:50. The cash raised will repay loans, fund working capital requirements and pay for equipment and "general corporate purposes.
2023-05-29T16:41:49+05:30

Krishca Strapping Solutions lists at 120% premium

Krishca Strapping, a manufacturers of high-tensile steel straps, seals, and tools, raised around ₹18 crore through the IPO, which was subscribed 244.92 times.
2023-05-27T07:54:08+05:30

SME IPO: Crayons Advertising subscribed 147 times, listing on June 2

Crayons Advertising's IPO received an overwhelming response, with subscriptions totaling INR 4,104.67 crore, or 147.61 times the offer size. The retail portion of the offering was subscribed 169.94 times, while the non-institutional category secured 231.94 times the shares on offer. The qualified institutional buyer (QIB) portion was also oversubscribed. Based on the demand, the shares of the firm are set to be listed on June 2. The company plans to use the public issue proceeds to invest in its infrastructure and deploy cutting-edge technology.
2023-05-26T17:01:06+05:30

Happy Forgings plans up to Rs 1,200 crore IPO

Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.
2023-05-26T06:11:11+05:30

Ola Electric plans up to $1b IPO at $10b valuation

The Bengaluru headquartered company has roped-in Goldman Sachs, ICICI Securities, Axis Capital, and Kotak Securities as the lead managers for its initial public offering. An email sent to an Ola Electric spokesperson remained unanswered. Goldman Sachs, Axis Capital and Kotak Securities didn’t respond to the queries, while ICICI Securities’ spokesperson declined to comment
2023-05-25T17:47:29+05:30

SME IPO: Infollion Research Services' public issue opens on May 29. Top 10 things to know

Infollion Research Services, a tech-oriented B2B human cloud marketplace, plans to raise up to INR 21.45 crore through its initial public offering (IPO), with a price band set at INR 80-82 per equity share. The IPO will open on May 29 and stay available till May 31. The proceeds will be used to expand services into the US and Western European regions, add new categories of freelancers and for technology development. Infollion's shares are reportedly trading at a premium of INR 44 in the unlisted market.
2023-05-25T16:13:04+05:30

Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Report

Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022.
2023-05-25T14:18:04+05:30

SME IPO tracker: Hemant Surgical Industries issue subscribed 2.45 times; Proventus Agrocom's offer subscribed 4% so far on Day 1

The issue will be available for public subscription till May 26. The company has fixed the price band for the offer at Rs 85-90. Investors can bid for 1600 shares in 1 lot and in multiples thereof.
2023-05-24T17:52:22+05:30

SME IPO Tracker: Vasa Denticity gets muted response on Day 1; Auro Impex and Chemicals sees flat listing

The initial share sale of dental products e-commerce company Vasa Denticity had a slow start with only 7% subscription on the first day, including 14% by retail investors and 3% by non-institutional investors. The company plans to raise up to Rs 54.06 crore with a price band of Rs 121-128 per share. The IPO will remain open for public subscription until May 25. Meanwhile, Auro Impex and Chemicals Ltd listed on the NSE Emerge platform after a successful IPO that was subscribed 67 times.
2023-05-23T19:02:27+05:30

Pune-based IT firm Vinsys completes pre-IPO round at Rs 200 cr valuation

Indian software company Vinsys has closed a pre-IPO funding round valued at INR 200cr ($27m) and featuring Singapore's NAV Capital Emerging Star Fund and Swiss-based xMultiplied, among other investors. The Pune-based firm offers customised training courses for various sectors and employs over 800 certified IT professionals. Vinsys is planning to list on an SME exchange platform, and is seeking to expand into new markets, including the US and Europe. For the year ending March 2023, it posted revenues of INR 157.30 crore and a net profit of INR 16.02 crore.
2023-05-22T16:50:30+05:30

SME IPO: Crayons Advertising public offer fully subscribed within hours of opening on Day 1

Indian advertising agency, Crayons Advertising's initial public offering (IPO) was fully subscribed on the first day, driven by retail investors. Retail investors subscribed 3.13 times of the shares on offer, and the issue received bids that were 1.59 times the number of shares on offer. The company aims to raise around INR417.9m ($5.6m) from the IPO. The company has set the price band of INR62-65 per share, with the shares expected to debut on the NSE Emerge. The funds collected will be used to invest in the company's infrastructure and advanced technology.
2023-05-22T15:08:51+05:30

ECGC IPO likely to be pushed to next fiscal amid volatility

The initial public offering (IPO) of state-run ECGC, India's largest export credit insurance firm, is likely to be postponed to the next financial year due to volatile export market conditions, said sources. Factors like the Russian-Ukraine war and monetary tightening by central banks may adversely affect the company's valuation if the IPO is rushed.
2023-05-21T08:16:08+05:30

DRHP filing for IREDA listing likely in 6 months

The government is planning to offload up to 25% stake in IREDA. It has decided to appoint SBI Capital Markets, BoB Capital Markets and IDBI Capital Markets and Securities as merchant bankers and Saraf and Partners as legal advisor for the IPO, said the official.
2023-05-19T23:17:16+05:30

SME IPO: Hemant Surgical issue to open on May 24. 10 things to know about the offer

Hemant Surgical is planning to issue fresh equity shares of up to 27.6 lakh at a price band of Rs 85-90 per share. The company has reserved 35% of the issue for retail investors. The company has fixed QIB quota at 50% and NII quota at 15%. The GMP of the issue is expected to be around Rs 7. The company intends to use the net proceeds for funding capital expenditure towards installation of additional plant and machinery, meeting working capital requirements
2023-05-19T15:05:38+05:30

Vasa Denticity SME IPO: 10 things to know about the public offer

Vasa Denticity is a Dental Products E-Commerce company, having 10,000+ SKUs, 30 owned brands, and 300 domestic & international brand tie-ups. The company is selling its products through the online portal 'DentalKart.com' & through the mobile application 'Dentalkart'
2023-05-18T21:41:00+05:30

Nexus Select Trust REIT IPO listing likely on Friday. What to expect

Nexus Select Trust is expected to list on the exchanges on May 19 and is expected to have a marginal premium of Rs 2.50 in the unlisted market. The company is offering a pre-tax yield of 8% in FY24 at the upper price band.
2023-05-18T15:41:14+05:30

Crayons Advertising SME IPO: 10 things you must know before investing

Crayons Advertising plans to use the proceeds from its upcoming public offering to invest in setting up its own film and animation studios and to enhance its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR and other emerging immersive tech. The public issue proceeds will be utilised for capital expenditure on infrastructure and cutting-edge technology.
2023-05-18T12:46:22+05:30

Manyavar promoters to launch OFS

The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.
2023-05-18T06:49:56+05:30

SME IPO: Remus Pharmaceuticals gets muted response on Day 1. 8 key things to know about the issue

Remus Pharmaceuticals is planning to raise Rs 47 crore through its initial share sale. The company is engaged in the business of marketing and distribution of finished formulations of pharmaceutical drugs. It also deals in APIs and provides technical consultancy services to various distributors for preparation of reports on the dossiers of the products to be registered by them in various countries. The IPO comprises an issue of 3.8 lakh equity shares of face value of Rs 10 each and the company plans to raise about Rs 47 crore from
2023-05-17T21:40:54+05:30

SME IPO: Crayons Advertising IPO to open on May 22, price band fixed at Rs 62-65

Crayons Advertising, a homegrown integrated advertising agency, is set to go public on Monday, May 22, with a price band of Rs 62-65 per share. The company plans to use the proceeds from the public issue to invest in setting up its own film and animation studios and enhancing its existing foundation of Web3 capabilities to offer more dynamic Metaverse solutions, including AR, VR, and other emerging immersive tech.
2023-05-17T13:26:42+05:30

SME IPO: Krishca Strapping Solutions gets strong response on Day 1. 10 things to know about the issue

Krishca Strapping Solutions has announced its Initial Public Offering (IPO), planning to raise Rs 18 crore. The manufacturing company, incorporated in 2017, specializes in making and selling high-quality steel straps, steel seals, strapping tools and other packaging solutions. The IPO's size consists of up to 33.2 lakh equity shares with a face value of Rs 10 each. The company has a steel strapping capacity of 18,000 MT annually and aims to use the net proceeds for setting up a new strapping line, repayment of debt and for other corporate purposes.
2023-05-16T21:37:03+05:30

Blackstone Group-backed Nexus Select Trust REIT to list on Friday

Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), backed by Blackstone Group, has raised over INR1.44bn ($19m), accounting for 45% of a $429m IPO, from 16 institutional investors in its fully-subscribed anchor book. The REIT owns 17 assets across 14 cities with Mumbai, Bangalore and Delhi being the primary markets. At the upper end of the IPO's price band, which was INR95-100 per unit, the issue was subscribed 6.55 times in the non-institutional investor category and 5.06 times by institutional investors.
2023-05-15T16:52:54+05:30

Nexus Select Trust REIT IPO allotment expected tomorrow. Here's how you can check status

Nexus Select Trust REIT IPO's share allotment is set to take place on May 16th, with the process being supervised by the registrar. Investors may receive shares based on a lottery basis. Investors can check their allotment status through the BSE or the registrar's website. Currently, Nexus Select Trust shares are commanding a premium of ₹2 in the unlisted market. The company aims to offer a pre-tax yield of 8% in FY24, at the upper price band, and will be India’s first REIT with rent-yielding retail real estate assets.
2023-05-15T16:06:53+05:30

Jupiter Hospital files DRHP with Sebi for Rs 900-1,100 crore IPO

Sources told ET that the total IPO size would be Rs 900 - 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.
2023-05-12T12:50:05+05:30

Nexus Select Trust IPO subscribed 5.7x

The issue received over 155,000 applications and the institutional investor portion was subscribed 5.06 times while the other investor portion witnessed 6.55 times subscription at the upper end of the price band of ₹95-100 per unit.
2023-05-12T05:50:22+05:30

Nexus Select Trust REIT issue closes with 5.74 times subscription

Nexus Select Trust's Rs 3,200-crore Initial Public Offering (IPO) that aims to establish India's first retail assets-led Real Estate Investment Trust (REIT), has been successful, with a total subscription of 5.74 times. The REIT had raised over Rs 1,440 crore through its anchor book, which was subscribed to by 16 institutional investors. The issue received over 1.55 lakh applications, while the institutional investor portion was subscribed 5.06 times, and the investor portion witnessed 6.55 times subscription at the upper end of the price band of Rs 95-100 per unit.
2023-05-11T20:05:24+05:30

Nexus Select Trust REIT IPO sails through on Day 3

India's Rs 3,200 crore ($435m) initial public offering (IPO) of Blackstone-backed Nexus Select Trust, a real estate investment trust (REIT), was fully subscribed on the third day of bidding. The institutional investor segment was subscribed 1.32 times with other investors seeking 1.87 times. The issue is a mix of fresh-share offer and an offer for sale portion, gaining Rs 1,440 crore on the day before the issue opened from institutional investors. If the IPO touches the upperband of Rs 100, Nexus will have a market cap of Rs 15,150 crore, offering a pre-tax yield of 8% in FY24.
2023-05-11T13:06:11+05:30

JSW Infrastructure files papers for Rs 2,800-cr IPO

The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.
2023-05-11T05:57:54+05:30

Nexus Select Trust REIT IPO receives 57% subscription on Day 2 of offer

Nexus Select Trust, the first Real Estate Investment Trust (REIT) backed by rent-yielding retail real estate assets, has been subscribed 57% on the second day of the Rs3,200 crore ($434m) Initial Public Offering (IPO), according to an update. The non-institutional investors' category has been fully subscribed while the qualified institutional buyer’s share was subscribed 17%. Blackstone sponsors the REIT, which has a portfolio of 17 operational shopping malls, two hotels and office spaces across 14 cities in India including New Delhi's Select City Walk. The issue runs until 11 May.
2023-05-10T19:52:08+05:30

JSW Infrastructure files DRHP to raise up to Rs 2,800 crore via IPO

The JSW Infrastructure IPO is the third public listing by the JSW Group and follows 13 years after the public listing of JSW Energy in January 2010. JSW Infrastructure Promoters will not be diluting their current stake.
2023-05-10T10:38:41+05:30

Mankind Pharma rallies 32% on day 1

At Tuesday's closing price, Mankind Pharma was valued at a price-to-earnings ratio of 43 times its FY22 earnings. Mankind is now India's fifth largest pharma company by market value of ₹57,046 crore. Sun Pharma, Divi's Lab, Dr. Reddy's Lab, and Cipla are currently valued between ₹75,284 crore and ₹2.31 lakh crore.
2023-05-10T05:39:11+05:30

Nexus Select REIT IPO subscribed 28% on Day 1, non-QIB portion subscribed 42%

Nexus Select Trust real estate investment trust (REIT), which includes a fresh offering and OFS portion, was subscribed 28% on the first day of the IPO. The REIT has a price band of Rs 95-100 per unit and closed on May 11. A day ahead of the IPO, Nexus raised Rs 1,440 crore from anchor investors. At the upper band of Rs 100 per unit, the company has a market cap of Rs 15,150 crore and offers a pre-tax yield of 8% in FY24. It is the largest mall platform in India and includes 17 high-quality assets.
2023-05-09T20:45:45+05:30

Nexus Select Trust REIT IPO: India’s first rental yielding retail REIT opens. Should you subscribe?

Nexus Select Trust plans to raise Rs 3,200 crore through an 3-day IPO opening on 9 May. The firm is the owner of India's largest mall platform consisting of 17 assets. The trust will become India's first REIT with rent-yielding retail estate assets, with the IPO comprising a fresh offering and OFS portion worth up to Rs 1,800 crore.
2023-05-09T09:42:03+05:30

Mankind Pharma IPO: What GMP signals ahead of listing on Tuesday

Mankind Pharma is set to list on May 9 with a premium of Rs 120 apiece according to grey market trends. The company is valued at a price-to-earnings ratio of 30 times FY22 earnings and has a market capitalisation of Rs 44,000 crore. The initial share sale of the company was subscribed 15.32 times with strong interest from QIBs and is the largest IPO so far this year. The company has 25 manufacturing facilities across India, a dedicated in-house R&D centre and a team of over 600 scientists.
2023-05-08T15:48:39+05:30

Alibaba logistics arm eyes up to $2 billion Hong Kong IPO: Reports

Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.
2023-05-08T09:27:58+05:30

TPG-backed RR Kabel files IPO papers with Sebi

RR Kabel proposes to utilise the net proceeds towards the funding of repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions estimated to be Rs 170 crores.
2023-05-07T13:19:34+05:30

GoI, Vedanta likely to discuss Balco IPO

The government wants Vedanta to list Balco (formerly Bharat Aluminium Co) so that it can offload a part of its stake through the initial public offer (IPO) route before exiting the company fully in due course, said the persons cited above.
2023-05-06T07:19:13+05:30

Select Citywalk, Elante Mall & more: India's largest mall platform - Nexus Select to launch REIT IPO on May 9

2023-05-03T16:57:28+05:30

Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India

India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.
2023-05-03T15:45:40+05:30

Nexus Select Trust REIT IPO: Price band announced, check dates

Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.​
2023-05-03T09:08:19+05:30

Tata Play, ideaForge get nod for IPOs

Tata Play and drone maker ideaForge Technology have both received regulatory approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs). Tata Play was the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, and obtained the regulator's observation letter on April 26.
2023-05-03T08:01:23+05:30

Leading drone maker ideaForge gets Sebi nod for IPO

The public issue comprises a fresh issue of Rs 300 crore and an offer for the sale of 48.69 lakh equity shares. The offer also includes a reservation for a subscription by eligible employees.
2023-05-02T20:32:35+05:30

Fincare SFB files draft papers with Sebi to raise funds via IPO

The IPO comprises fresh issues of up to Rs 625 crore and an offer for sale (OFS) aggregating up to 1.7 crore equity shares by promoter and investor selling shareholders.
2023-05-02T19:40:32+05:30

Sebi returns IPO papers of Akme Fintrade

The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on February 16.
2023-05-02T19:31:05+05:30

Mankind Pharma IPO: GMP rises ahead of likely share allotment tomorrow. Here's how to check status

Mankind Pharma's Rs 4,326 crore initial public offering (IPO), the largest by a domestic drug maker so far in 2021 and with a 15.32 times subscription rate, will have share allotments made on 3 May via a lottery. Retail investor bids for the offer-for-sale fell below 100%. The IPO values Mankind Pharma at a price/earnings ratio of 30 times FY22 earnings, with its shares said to command a Rs 95-98 premium in the unlisted market, indicating an expected premium of 9% for the company when it lists. Mankind Pharma has 25 manufacturing facilities in India.
2023-05-02T14:10:15+05:30
Why does veteran Shankar Sharma have his eyes on smallcaps?

Stock picker Shankar Sharma, the founder of GQuant Investech, prefers smallcaps when asked for investment advice, believing in diversification rather than a concentrated portfolio. Sharma is a believer that fund managers should manage public money during bear markets to ensure steady income. He sees India as an excellent investment opportunity, with the GDP set to grow spectacularly. Sharma is bullish on the benchmark Sensex hitting a landmark 1,00,000, with many public offers coming soon despite bad experiences with new tech firms.
2023-06-03T18:00:44+05:30

Trading Tools & Tech: Harnessing power of innovation for successful trading

Advanced technologies have revolutionized the way traders operate in financial markets. Algorithmic trading, black-box trading, relies on computer programs to execute trades based on predefined rules and algorithms. Charting tools empower traders to visualize financial data, identify patterns, and create custom indicators and trading strategies. Advanced mobile trading apps and desktop trading software facilitate real-time data access, customized alerts, and educational resources. Overall, these innovations have made trading more accessible, efficient, and profitable, enabling traders to succeed in today’s dynamic and competitive markets.
2023-06-03T17:14:36+05:30

Gold prices rose on signs of a June pause; 25 bps hike likely in July FOMC meeting

Gold prices are set for their best weekly increase in two months as the dollar slides and US Treasury prices rise due to economic data uncertainty and mixed comments from Federal Reserve officials. While the recent debt ceiling deal has prompted market rallies and equities growth, it has also raised concerns over whether limited governmental spending could increase the odds of a recession, thus keeping gold prices buoyed. US non-farm payroll data will be imperative.
2023-06-03T17:11:24+05:30

Mark Mobius on market movement, top bets and more

2023-06-03T16:26:12+05:30

Global inflows help Indian stocks become EM Asia’s top gainers

Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the country’s shares last month, the most since August, according to Bloomberg. The purchases continued for 24 consecutive days, the longest string since August last year. The surge in investment has propelled Indian equities to the top of emerging Asia's leaderboard, with the Nifty 50 Index up over 6%. The robust growth of the Indian economy is a significant selling point for foreign investors, particularly with China exhibiting less momentum and fears growing in the US of an economic downturn.
2023-06-03T15:56:14+05:30

Adani Ports, IRCTC among 7 firms that declared dividends this week

A number of widely tracked companies have declared dividends with their March quarter results
2023-06-03T15:16:44+05:30

Nilesh Shah on why you should never predict the market

Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong. Shah also emphasised the importance of management and governance, saying that people need to begin respecting these elements more in order to limit losses and make money in the stock market. His comments come in response to predictions made by other experts, including Chris Wood, who recently suggested that the Sensex index could hit 100,000 within the next five years.
2023-06-03T15:07:15+05:30

Dalal Street minions pip giants and how! 20 smallcap stocks give over 20% weekly returns

As Sensex traded in a narrow range last week, 20 smallcap stocks have given over 20% returns. The S&P BSE Smallcap index surpassed the benchmark with a 2.4% gain. Nucleus Software Exports reported its best-ever revenue of Indian rupees (INR) 635 crore for FY23 which led it to achieve a whopping 41% increase last week, while Force Motors and Brightcom Group followed with over 37% and 27% gains respectively. Money managers are bullish on the broader market and expect the uptrend to continue in the small-cap stocks despite possible consolidation in benchmark indices.
2023-06-03T14:22:21+05:30

This BSE500 stock turns Rs 10,000 to Rs 7 lakh in just 10 years

Chemicals company Alkyl Amines Chemicals has seen its shares increase 7,500% over the past decade, with a 366% rise in the past three years alone. The company, which has a market cap of about INR124.8bn ($1.68bn) manufactures amines and amine-based chemicals, used in pharmaceutical, agrochemical, rubber chemical and water treatment industries. Its shares currently have a price-to-earnings ratio of 55. However, technical analysts suggest the shares are currently underperforming, are indicating a downtrend, and advise refraining from fresh buying positions and setting a stop loss at INR2,260.
2023-06-03T12:31:33+05:30

Top 10 stocks that got upgrades & downgrades from Motilal Oswal post Q4 results

2023-06-03T11:53:52+05:30

Mind Over Money: In age of AI, success or failure in trading will be determined by emotional intelligence, says Vivek Bajaj of StockEdge

Emotional intelligence (EI) will be the only differentiator between success and failure in the changing landscape driven by artificial intelligence (AI), according to Vivek Bajaj, co-founder of StockEdge. Bajaj spoke about the importance of mental fitness and how staying calm helped him throughout his career.
2023-06-03T11:50:48+05:30

Indian Inc Premier League: Highlights of March quarter earnings season

India Inc's Q4 FY23 earnings season has concluded with financials and automobiles being the star performers. Cleaned balance sheets, improved asset quality of banks, declining non-performing assets, margin improvements, and steady slippages have helped the growth of the banks while healthy volume growth, softening commodity prices, favorable product mix, price hikes, and better operating leverage have helped the automobiles
2023-06-03T11:10:56+05:30

Traders jack up Fed tightening bets in wake of latest jobs data

Bond traders have increased expectations of another Federal Reserve interest-rate hike taking place in July, leading to an increase in tightening reflected in interest rate swaps linked to the Fed's June and July meetings. Data showing stronger-than-expected payroll growth for May led to a quarter-point hike within the next two meetings being fully priced in at one point. Additionally, investors have reduced their bets on how much subsequent policy easing they expect toward the end of the year in response to anticipated peak of the tightening cycle.
2023-06-03T10:19:12+05:30

Learn With ETMarkets: Why do big traders prefer option writing over option buying?

Similar to how insurance companies make money despite the risk of payouts, option sellers rely on probabilities of gains. Option sellers may only lose money if the option turns against them, and they can make gains in other scenarios such as when the market goes up or even stays flat. Overall, option writing has become a popular strategy for big traders due to its high win probability. However, combining option buying and selling may lead to even greater profitability and win rates.
2023-06-03T10:12:09+05:30

Soaring High! 132 BSE500 stocks hit 52-week highs in May. Do you own any?

The positive momentum in the country's markets helped their case. Some big names on the list include IndusInd Bank, Hindustan Aeronautics, Titan, Ultratech, Kotak Mahindra Bank, and Indian Oil Corp. In contrast to the three consecutive months of decline beginning in January, the S&P BSE Sensex index gained approximately 2% in May 2023, helped by consistent FII buying despite mixed global cues.
2023-06-03T10:04:45+05:30

Dalal-St indices end week on a positive note

Indian stock indices saw gains with the Sensex closing up by 118.57 points at 62,547.11 and the Nifty settling at 18,534.10, amid concerns that the market may have run up too soon, with US jobs growth accelerating in May. Foreign portfolio investors (FPIs) were net sellers for the second session in a row, with overseas funds selling shares in the cash segment worth a net Rs658.88 crore while domestic institutions purchased them to the tune of Rs581.85 crore, according to provisional stock exchange data.
2023-06-03T09:34:23+05:30

SBI Life to take over Sahara’s insurance biz

SBI Life Insurance has been instructed by the Indian Insurance Regulatory and Development Authority (Irdai) to absorb the liabilities of 200,000 policies plus the assets of Sahara India Life Insurance due to SILIC's failing financial health. The three-member committee has been created to implement the order. SBI Life has already begun complying with the order, however, proper integration of policies will take time, according to a company spokesperson. SILIC was appointed an administrator by Irdai in 2017 due to issues regarding the financial propriety and governance and it has subsequently failed to match regulatory requirements.
2023-06-03T09:23:33+05:30

Gold slips as yields gain after US payrolls rise

Gold prices fell on Friday due to higher-than-expected US jobs data which led to an increase in Treasury yields. However, gold still experienced a weekly gain due to high unemployment rates indicating that the Federal Reserve may pause interest rate hikes. Currently, traders anticipate that there is a 70% chance of the Fed leaving rates unchanged later this month. The rise in interest rates lifts Treasury yields, making gold less attractive since gold has zero-interest yield. Silver prices also fell, while platinum and palladium experienced weekly losses.
2023-06-02T21:19:41+05:30

Fed seen sticking with rate pause as wages show some cooling

Despite 339,000 jobs being added in May, a drop in wage growth and a higher unemployment rate are likely to keep the Federal Reserve on hold this month whilst it considers a rate hike later this summer. With the federal-funds rate in the 5% to 5.25% range following a quarter-point increase in early May, policymakers are expected to skip a rate hike this month, but continue to monitor data. US Treasuries rose by 10 basis points to 4.46% following the jobs report release; the odds of a June rate hike rose to 31%, up from 24% on the previous day.
2023-06-02T21:12:53+05:30

SME IPO: Kore Digital issue opens for subscription. 8 key things to know

Maharashtra-based passive telecom infrastructure provider, Kore Digital's initial share sale opened on Friday with a price band of INR 180. This IPO is a fresh issue of up to 10 lakh equity shares of face value INR 10 each, aiming to raise around INR 18 crore. The net proceeds will be used to meet working capital requirements, investment in strategic acquisition, and other general corporate expenses. The allotment will be on June 12th and the shares will be listed on NSE Emerge on June 15th.
2023-06-02T21:08:16+05:30

DICGC likely made large purchases at debt auction

The Deposit Insurance and Credit Guarantee Corp (DICGC) is suspected to have made substantial purchases at a primary debt auction on Friday, say participants in the Indian government bond market. While the national reserve bank sold 140 billion rupees of the 7.26% 2033 bond and 80 billion rupees of the 7.06% 2028 bonds, some participants suspect DICGC may have bought bonds worth between 30 billion and 50 billion rupees. A senior treasury official at a state-run bank said DICGC typically invests its May funds into the government securities market in June.
2023-06-02T21:00:49+05:30

Crypto insurer Evertas authorized to offer largest single crypto insurance policy

Arch Insurance International has authorized cryptocurrency insurer Evertas to offer the highest coverage limit in the industry, setting it to $420m for security policies in the event of theft of private crypto keys held by a custodian. It follows losses of $3.7bn in 2022 and $400m in Q1 2021. Lloyd's of London coverholder Evertas is only contracted to provide insurance for custodians and has also been approved to provide policies for physical cryptocurrency mining equipment of up to $200m. Currently only 2-3% of global cryptoassets are insured.
2023-06-02T20:54:09+05:30

Tech shares see biggest-ever weekly inflow on AI boom-BofA

Technology equity funds witnessed their largest weekly inflows on record in the week to Wednesday, with AI investments attracting huge investor interest, according to BofA Global Research. The latest data showed inflows of almost $8.5bn for tech stocks, and $14.8bn overall, the most significant weekly inflow since February. Seven firms, Tesla, Apple, Microsoft, Google parent Alphabet, Nvidia, Amazon and Meta, account for nearly 9% of the S&P 500's 10% year-to-date increase. Despite the appeals of these companies, BofA analysts seemed wary, writing that interest rate hikes and tight liquidity made them bearish.
2023-06-02T20:47:57+05:30

SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: Irdai

The Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the assets of Sahara India Life Insurance with immediate effect, due to the deteriorating financial health of SILIC. The Irdai has set up a committee to ensure smooth policyholder transition. SBI Life has been asked to set up a dedicated cell to service policyholders and provide details of the takeover on its website, and will be required to ensure it complies with regulatory requirements.
2023-06-02T20:36:17+05:30

Hat Trick! Coal India OFS oversubscribed yet again, govt may get over Rs 4,100 crore

The government's offer for sale (OFS) in Coal India Ltd has been successful, with strong response from institutional and retail investors. The OFS for retail investors was fully subscribed and institutional investors were allocated shares at Rs 226 per share. The government held 66.13% stake in the world's largest coal company but announced the intention to sell 3% as part of its disinvestment plan earlier this week
2023-06-02T20:00:18+05:30

ET Market Watch: Sensex gains 118 points led by bank stocks; Nifty tops 18,500

2023-06-02T19:38:08+05:30

Wall Street ends up on jobs data, debt default averted

U.S stocks closed higher on Friday after a slower wage growth report in May increased investor hopes that the Federal Reserve (Fed) would avoid further rate hikes. Also, analysts welcomed the government's passing of a bill that prevented a catastrophic default. The Nasdaq index surged to a 13-month intraday high and posted its sixth-straight week of gains that marked its best winning streak since January 2020. The tech-heavy index advanced 1.07% to 13,240.77 points for the day. Markets now await data on key consumer prices a day before the Fed's rate decision in two weeks.
2023-06-02T19:12:02+05:30

US Treasury yields move higher after jobs data

The US dollar was steady in trading following Friday's non-farm payrolls report, which showed a surge in employment alongside an increase in unemployment. The report surpassed expectations, revealing that public and private sector payrolls increased by 339,000 in May, from last month's rise of 253,000. The dollar index, which measures the US currency against six others, was last up 0.203% at 103.730. However, before the US Labor Department released the data, the greenback was heading for its largest weekly fall since mid-January.
2023-06-02T19:10:56+05:30

Gold Rate Today: Gold prices in India unmoved. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

Gold futures were trading with minor gains on Friday due to a pullback in the dollar index. The gains came as Philadelphia Federal Reserve President Patrick Harker suggested that the central bank should not take another rate hike despite the slow rate of inflation control. Gold futures on the MCX have advanced by 0.02% in June. Meanwhile, Silver futures have gained nearly 0.97% in value terms in June. As for domestic prices, physical gold in Delhi and Ahmedabad is around INR61,000 ($814) per 10g, with silver priced at INR72,500 per kg.
2023-06-02T18:44:58+05:30

Dollar holds steady after larger-than-expected rise in May payrolls

The US dollar was relatively unchanged in choppy trading after the release of May's non-farm payrolls report on Friday. Despite employment surging, so did unemployment. On a more positive note, payrolls in the public and private sector increased by 339,000 in May, smashing predictions. Before the US Labor Department released the data, the dollar was headed for its largest weekly fall since mid-January, following the view that the Federal Reserve will forgo an interest rate hike this month, which would reduce the greenback's appeal to non-US buyers.
2023-06-02T18:33:58+05:30

IEC 2023: For Indian markets, 'party to abhi shuru hi hai' lot more to come

2023-06-02T18:17:32+05:30

Up 65% YTD! This microcap company announces 4:1 bonus issue

Anmol India has decided to issue bonus shares to investors in the ratio of 4:1; for every one share held, they will receive four additional shares. The bonus shares will be issued out of the company's securities premium account and free reserves as on March 2023. The estimated date for the shares to be dispatched is July 31. The company's Board has also approved an increase in authorized share capital, and the reappointment of its Managing Director. Anmol India is a coal trading company that has seen a 65% increase in its stock on a year-to-date basis.
2023-06-02T17:49:35+05:30

Tech View: Charts suggest rangebound trade to continue; how should traders play next week?

The Nifty 50 closed 0.3% higher at 18,534.10 points on Friday, failing to surpass immediate resistance at 18,580 points. Technical charts suggest support-based buying remains intact, with the index set to witness an upturn towards 18,666 and 18,750 points if it holds support at 18,442 points. The FPI Long-Short ratio indicates traders now hold more short positions related to long positions, and the Relative Strength Index shows bearish divergence, with a potential downturn in prices. Experts believe the market will remain range-bound, with support at 18,450-18,500 points and resistance at 18,600-18,800 points.
2023-06-02T17:44:43+05:30

Gold jumps Rs 350; silver zooms Rs 650

Gold price jumped Rs 350 to Rs 60,600 per 10 gram in the national capital on Friday amid a rally in precious metals prices overseas, according to HDFC Securities. The yellow metal had closed at Rs 60,250 per 10 gram in the previous trade.
2023-06-02T17:36:15+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 46.35 points up at 18534.1
2023-06-02T17:22:33+05:30

Stock market update: Nifty Pharma index advances 0.69%

The Nifty Pharma index closed 0.69 per cent up at 12900.6.
2023-06-02T17:17:25+05:30

Gainers and Losers: Apollo Hospitals, Hero MotoCorp among top stocks in limelight today

While the Sensex closed at 62,547, up by 119 points, the broader Nifty50 settled at 18,534.
2023-06-02T17:14:28+05:30

Stock market update: Sugar stocks up as market rises

The 30-share BSE Sensex closed up 118.57 points at 62547.11
2023-06-02T17:12:13+05:30

IKIO Lighting IPO: 10 things to know about the public offer

Indian LED lighting solutions manufacturer IKIO Lighting is launching its initial public offering (IPO) June 6-8, with shares expected to start trading on June 16. The company's shares will likely be listed at between INR270 ($3.81) and INR285 per equity share, with the upper end of that range raising INR607 crore for the company. The IPO will include a fresh equity issue of up to INR350 crore and an offer for sale of up to 9 million shares. The proceeds will be used to repay borrowings, invest in subsidiary IKIO Solutions and for general corporate purposes.
2023-06-02T17:04:58+05:30

Stock market update: FMCG stocks up as market rises

The 30-share BSE Sensex closed up 118.57 points at 62547.11
2023-06-02T16:57:00+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 46.35 points up at 18534.1
2023-06-02T16:51:50+05:30

Stock market update: Nifty Bank index advances 0.34%

The Nifty Bank index closed 0.34 per cent up at 43937.85.
2023-06-02T16:46:41+05:30

Stock market update: Nifty Realty index advances 1.42%

The Nifty Realty index closed 1.42 per cent up at 490.85.
2023-06-02T16:41:31+05:30

Sensex rises! But these stocks fell 5% or more in Friday's session

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.
2023-06-02T16:36:22+05:30

Stock market update: Mining stocks up as market rises

The 30-share BSE Sensex closed up 118.57 points at 62547.11
2023-06-02T16:31:10+05:30

Stock market update: Nifty Auto index advances 0.92%

The Nifty Auto index closed 0.92 per cent up at 14388.6.
2023-06-02T16:25:58+05:30

Stock market update: Nifty IT index falls 0.4%

The Nifty IT index closed 0.4 per cent down at 29328.15.
2023-06-02T16:20:45+05:30

Short-term view in equities, equity mutual funds could be a recipe for disaster

Investors are advised to have a longer-term view for equity investments for optimum gains, as equity can be volatile and lead to significant drawdown in the short term. Experts recommend passive modes of investment, such as SIPs and ETFs, for retail investors seeking liquidity while conducting a more cautious approach to P2P lending. For those with a balanced profile, exposure to equities can be gained via conservative hybrid funds. Constructive research, not timing the markets, is also advised. Meanwhile, a blend of growth and dividend yield assets is recommended given today’s financial market uncertainty.
2023-06-02T16:19:20+05:30

Sensex rises after 2-day hiatus, ends 119 pts up; Nifty above 18,500

2023-06-02T16:16:12+05:30

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Adani Ent., Infosys, BPCL, HDFC Life and TCS were among the top losers on NSE in today's trade.
2023-06-02T16:15:36+05:30

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