HDFC Mutual Fund is one of India’s largest mutual fund managers with ₹4.5 trillion in assets under management. Started in 1999, the company was set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and abrdn Investment Management Limited, erstwhile known as Standard Life Investments Limited. During…
NIFTY: The NIFTY opened at 17574.65 with a gap up of just 20 points. The index initially moved lower from its opening tick, filled the gap, and went below 17500. Prices have found intraday support and bounced up sharply after recording its intraday low at 17455.40. The index…
February 24, 2023
Market View 24th February 2023
View on market: Stay Cautious, be with quality business: Asian markets were mixed at opening after the U.S. stocks closed higher in a volatile session as investors await inflation data for clues on the Federal Reserve’s rate-hike campaign. The S&P 500 came back higher on Thursday, halting a…
NIFTY: The NIFTY opened at 17755.35 with a gap down of 71 points. The index recorded its intraday high at 17772.50 in its initial trades and went into a consolidation process. Prices have broken on the downside and saw a sharp intraday decline. The index again formed a…
View on market: Stay Cautious, be with quality business: Asia markets are primed for a cautious open after the U.S. shares fell, weighed down by Federal Reserve meeting minutes that underscored the central bank’s hawkish outlook and prompted investors to increase forecasts for interest rate hikes. The S&P…
NIFTY: the NIFTY opened at 17905.80 with a gap up of 61 points. The index did not sustain at the higher levels and started drifting downwards from the opening tick to fill the gap. Prices have bounced up and rallied higher to record its intraday high at 17924.90…
View on market: Stay Cautious, be with quality business: Asian markets declines on Wednesday after the S&P 500 tumbled by the most in two months and Treasury yields rose sharply as investors price in higher interest rates. The S&P 500 tumbled 2% on Tuesday in a decline that…
NIFTY: The NIFTY opened at 17965.55 with a gap up of just 21 points. The index initially moved down then turned up and then again started drifting downwards after recording its intraday high at 18004.35. Prices have fallen more than 100 points, broken down 17900, and moved further…
View on market: Stay Cautious, be with quality business: Asian markets saw a muted open on Tuesday while the U.S. equity futures fell as investors weighed the prospect that central banks will have to tighten policy settings more than expected to tame inflation. Contracts for the S&P 500…
Result Analysis: Nestle India Ltd. (CMP: Rs.19,009) Result Update: Q4FY22 Nestle India is one of the biggest players in FMCG segment is primarily involved in Food business which incorporates product groups viz. Milk Products and Nutrition, Prepared Dishes and Cooking Aids, Powdered and Liquid Beverages and Confectionery. The…