34 C 
S&P 500 Q1 earnings estimated growth improves; stocks up for week
S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. That is up from 4.3% the day before.
Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments
Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.
Top 3 ELSS Mutual Funds: Rs 10,000 SIP in top fund has given Rs 6.20 lakh in 3 years
ELSS is the only category in mutual funds that give tax relaxation on deposits up to Rs 1.50 lakh a financial year under Section 80C of the Income Tax Act.
Home loans are generally large, specially in Tier-1 cities; they can exceed the Rs 1 crore mark. When you take a large home loan for a long period of time, you end up paying more in interest than the principal amount. E.g., if you take a Rs 1 crore loan at an 8.50 per cent annual interest rate for 20 years, your interest in those years will be over Rs 1.083 crore, or Rs 8.23 lakh more than your principal amount.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
HDFC MF NFO: You can start investing from Rs 100, know strategy, fund manager and other details
HDFC Mutual Fund NFO: This is an open ended scheme. HDFC mutual fund house says that this scheme can be helpful in long term capital appreciation.
Best mid-cap funds in 3 years: 5 schemes with up to 26.6% returns
Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%
The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.
SBI Card shares down 2.01% as Nifty drops
A total of 77,912 shares changed hands on the counter till 01:43PM (IST).
Demat account: From opening to transactions, here aredemataccount charges you must know
Shree Cements shares up 0.99% as Sensex falls
A total of 267 shares changed hands on the counter till 12:37PM (IST)
Mphasis, Muthoot Finance among 5 stocks with long buildup
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
Buy Laurus Labs, target price Rs 480: Motilal Oswal
Laurus Labs Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 23412.68 Crore) operating in Pharmaceuticals sector.
PM Kisan Yojana 17th Installment:So far, the government has released 16 installments of PM Kisan Yojana. The previous installment of Rs 2,000 was deposited directly into the bank accounts of the beneficiaries on Wednesday, February 28.And now farmers are eagerly waiting for the 17th installment. Know when will beneficiaries receive the next installment:
The scheme facilitates loans up to Rs 10,000 in the first tranche, and then Rs 20,000 and Rs 50,000 in the second and third tranches respectively.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 40 stocks closed in the green, while 10 stocks ended in the red.
What are ESG funds, how are they different from traditional MFs?
ESG Mutual Funds:Some people invest in equity mutual funds, while others invest in debt, but mutual funds also have a category where you can invest your money in funds that make investments in companies that meet specific criteria in the environment, social, and governance sectors.
Mutual fund KYC: A look at these new KYC rules for mutual fund investors
As KYC rules in Mutual Funds have changed since April 1, 2024, it has become necessary to get KYC done through Aadhaar and PAN. If the MF investor has done KYC using an Aadhaar card and PAN card, then his KYC status will be Validated. Only people with validated status can invest in all mutual funds.
People who don't want to take any risks should opt for fixed income plans. They should do fixed income investments through debt mutual funds, and if they want to invest in gold, don't buy gold in the form of jewellery; they should buy SGB (sovereign gold bonds), opines Anil Singhvi.
Just yesterday, there was a news report which suggested that the French government is planning to block the sale of a French generic drug maker and two Indian pharma companies were in fray to buy it. Now it might just appear to be another news, but probably it signals more than it. It is after years of being bogged down by US FDA and other issues of shrinking margins, The move indicates that at least some of them have reached a point where they can again think of inorganic growth to boost growth. There are others who instead of looking for expansion outside India, have been buying products and brands from MNC players. Then there is a third set of companies, which might not look at inorganic acquisition but only look for organic growth and enter new markets and segments. In all conditions, one thing is clear that the condition of the Indian pharma companies is much better than what it was 5 years ago. As the learning of the last decade and debacles get implemented, does it increase the probability of them getting re-rated on a sustained basis?
ICICI Pru Life shares drop 1.7% as Sensex rises
The stock quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 420.1.
Credit Card Trends: Spending in March rises 20% to Rs 1.64 lakh crore; know reasons
Overall credit card spending for March was Rs 1.64 lakh crore. Among it, online credit card spending crossed a record Rs 1 lakh crore mark with 20% YoY growth. HDFC Bank is the market leader in credit card issuance with 20.20 per cent share.SBI and ICICI Bank are in the second and third spots, respectively.
Share price of SBI Card jumps as Sensex gains 106.26 points
A total of 72,813 shares changed hands on the counter till 10:45AM (IST)
Hyundai Motor Q1 Results: Profit drops 2.4%, beats forecasts
The world's No.3 automaker by sales along with affiliate Kia Corp reported net profit of 3.2 trillion won ($2.32 billion) for the January-March period, down from 3.3 trillion won a year earlier.
HUL net profit falls amid tepid demand
March quarter net profit at Unilever's India unit declined to 2,406 crore, below analyst expectations, from 2,552 crore a year earlier. Revenue was little changed at 14,693 crore against 14,638 crore a year earlier.
Retirement planning is important for everyone. It gives you financial freedom and helps you get a regular and steady income in old age. It is good to start investing early if you want to build a significant retirement corpus. Being an early starter can give you an edge over someone who starts investing late.
Post Office Scheme: How your Rs 5 lakh investment will become over Rs 10 lakh in this FD scheme
If you invest in Post Office Time Deposit Scheme, you can more than double your investment, but for this, you will have to invest your amount for five years and then extend it. An important benefit of investing in the five-year post office FD is also to get tax benefits of up to Rs 1.50 lakh on deposits.
Siemens shares decline 0.31% as Sensex climbs
A total of 2,224 shares changed hands on the counter till 01:38PM (IST)
Ashirwad Scheme:People who come under the SC, OBC, and EWS categories, can take benefit of this scheme. Besides this, any widow can take advantage of this scheme for her daughter's marriage. Divorcees and widows who want to remarry, can also apply for this scheme.
Stock market update: Nifty Bank index advances 0.5% in an upbeat market
The Nifty Bank index was trading 0.5 per cent up at 48210.75.
Tata Consumer shares fall 5% as Q4 results fail to impress. What's the new target price?
Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.
Bharat Forge shares gain 0.67% as Sensex rises
On the technical charts, the RSI of the stock stood at 64.24.
SWP: Systematic Withdrawal Plan is a popular way of withdrawing a monthly pension from a mutual fund after investing a lump sum amount. One can get a monthly income and their fund will still increase if they use SWP smartly. For that, their rate of return should be higher than their rate of withdrawal. Some of the top SWP funds have given annualised returns up to 17.13 per cent in the last 10 years.
Earn up to 9.1% FD interest rate: 5 banks that have revised fixed deposit rates in April 2024
BharatPe One: India's first all-in-one payment device launched | Know details
Called BharatPe One, the product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options
Embedded finance: How financial services are seamlessly integrating into educational operations
At the forefront of this evolution is the emergence of embedded finance, which seamlessly integrates financial services into educational operations, and propels the transition from traditional transactions to digital, efficient, and secure financial interactions, saysRohit Gajbhiye, MD and Founder of LEO1.
SIP: How many years may it take to get Rs 1 cr corpus with Rs 5,000, Rs 10,000 and Rs 15,000 SIPs
The advantage of SIP investment is that one can start a monthly investment with Rs 500. The investor can increase or decrease the SIP amount as per their income or investment capacity. They can also stop a SIP during financial crunches by informing the fund house, and they can restart that whenever they regain their investment power. SIP provides compound growth, so they can build a huge corpus if they stay in their investment for a long time.
Sagar Cements is this week's top stock; here's why
Analysts are confident about Sagar Cements as the ramp-up in new capacities will support the companys revenue growth over two years.
Auto ancillary companies on an upward trend: 5 stocks with up to 17% one-year upside potential
Strong volume growth in automobiles, premiumisation, export opportunities and operating leverage benefits will drive the performance of auto ancillary stocks.
