INVESTOR INTEREST


Moneylife Digital Team 17 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were headed higher. The major indices rallied this week and closed with major gains.   The trend of the major indices in the week is given in the table:     On Monday, the indices opened lower and...

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Clinton Fernandes 17 September 2021
Asset management companies, Aditya Birla Sun Life AMC and ICICI Prudential AMC, have recently launched a new type of open-ended debt scheme that comes with a maturity date.    We will review the two schemes–ABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund and ICICI Pru PSU Bond...

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Moneylife Digital Team 17 September 2021
INDIAN MARKET TRENDS From 9th September to 16 September 2021, ML Mid-cap Index rose 3%. ML Small-cap Index, ML Large-cap Index, ML Mega-cap Index and ML Micro-cap Index rose 2% each. The NIFTY and the Sensex rose 1% each.     FUND FLOWS Foreigners: Foreign...

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Clinton Fernandes 17 September 2021
HDFC Asset Management, the asset manager to HDFC Mutual Fund, has launched a new fund-of-funds (FoF) that will indirectly invest in 23 developed markets globally.   This is a unique scheme that offers exposure to various markets abroad under the same roof. Let us find out more about...

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Sucheta Dalal Sucheta Dalal 17 September 2021
Over the past few years, 80-odd companies have faced the ignominy of having their decisions overturned by collective action of institutional or retail investors. In a remarkable case last week, which could be a turning point of sorts in the battle for better management accountability, large...

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Moneylife Digital Team 16 September 2021
In August 2021,Tata Consultancy Services  and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Tata Consultancy Services were Rs1,473 crore. Infosys and Maruti Suzuki were the most sold stocks. The net sales of Infosys were Rs2,581 crore and net sales of...

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Moneylife Digital Team 16 September 2021
The Indian government has decided to set up National Asset Reconstruction Co Ltd (NARCL) to aggregate non-performing assets (NPAs) in banks’ balance sheets and manage and dispose them professionally. "Along with NARCL, we are also setting up an India Debt Resolution Co Ltd (IDRCL)," says...

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Moneylife Digital Team 16 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex were in a fresh upmove. On Thursday, the indices continued its rally and closed with decent gains.   On the NSE, there were 930 advances, 1,007 declines and 80 unchanged.   The trend of the major indices on...

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Moneylife Digital Team 16 September 2021
With the Supreme Court mentioning (SC) the removal order as ‘awkward’, the Union government agreed to allow justice Ashok Iqbal Singh (AIS) Cheema to continue as acting chairperson of the National Company Law Appellate Tribunal (NCLAT) until 20 September 2021. Justice Cheema had approached...

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Moneylife Digital Team 16 September 2021
Abhay Bhutada, managing director (MD) and chief executive officer (CEO) of Poonawalla Fincorp Ltd (erstwhile Magma Fincorp) has resigned soon after market regulator Securities and Exchange Board of India (SEBI) barred him and seven others for insider trading in Magma Fincorp just before the...

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IANS 16 September 2021
The Supreme Court on Wednesday said that one of the principal objects of the Insolvency and Bankruptcy Code (IBC) is providing for revival of the corporate debtor, and liquidation should be the last resort.   A bench of Justices L. Nageswara Rao, B.R. Gavai and B.V. Nagarathna said:...

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Moneylife Digital Team 15 September 2021
Demergers, especially in the chemicals sector, have been value-accretive for investors. Jubilant Ingrevia, Fairchem Organics, Privi Speciality Chemicals, Aarti Surfactants and the recently listed Meghmani Finechem are some of the stocks that have delivered enormous returns. Another stock,...

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Moneylife Digital Team 15 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex were directionless. On Wednesday, the indices rallied and closed with decent gains. On the NSE, there were 1,262 advances, 695 declines and 2 unchanged.     Telecom stocks rose after a report by CNBC-TV18 said...

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Vinod Kothari Vinod Kothari  and   Vinita Nair 15 September 2021
At one end India is aiming to be included in global bond indices and government is aiming to open the domestic bond market. At the other end, Securities Exchange Board of India (SEBI) is enforcing stricter compliance requirements on the bond issuers and the intermediaries associated with the...

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IANS 15 September 2021
The Supreme Court on Wednesday criticised the government for "cherry picking" from its recommendations for tribunals across the country, and asked, what is sanctity of recommendations by the panel headed by sitting top court judges if the government has the last say on the...

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IANS 15 September 2021
A shareholder of Vodafone Idea, Satya Prakash Sinha, has complained to SEBI that on June 7, when Kumar Mangalam Birla, the Chairman of Vodafone Idea Limited, offered his stake to the government of India or any company approved by the government for free, the information was not shared with...

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Moneylife Digital Team 14 September 2021
As the second wave of COVID receded from June 2021 and as restrictions were lifted, Radico Khaitan (Radico) notched up month-on-month (m-o-m) increase in demand. In Q1FY21-22, it reported Indian made foreign liquor (IMFL) sales volume of 5.61mn (million) cases representing an increase of...

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Moneylife Digital Team 14 September 2021
We had mentioned in Monday’s closing report that Nifty, Sensex may try to rally. On Tuesday, the indices opened higher but ended with minor gains. On the NSE, there were 1,203 advances, 820 declines and 4 unchanged.   The trend of the major indices on Tuesday’s trading are given in...

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Moneylife Digital Team 14 September 2021
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) decided to link their respective fast payment systems unified payments interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022.   In a release, RBI says, “The UPI-PayNow...

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Moneylife Digital Team 14 September 2021
In yet another example of shareholder activism, almost 90% of stakeholders, mainly institutions and the public, have rejected a proposal to delist Allcargo Logistics Ltd.    Promoters of Allcargo Logistics, including Shashi Kiran Shetty, Aarthi Shetty, Adarsh Hedge, Priya Hedge, and...

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