Union Active Momentum Fund Direct is an open-ended thematic equity fund introduced by Union Mutual Fund, aimed at achieving long-term capital growth through investments in stocks that demonstrate significant momentum. The fund utilizes a unique momentum model to pinpoint and invest in stocks that display exceptional price trends. With a team of seasoned fund managers …
On November 25, 2024, Fitch Ratings placed several Adani group ratings on Rating Watch Negative, following bribery charges against board members of Adani Green Energy. Some ratings have been affirmed, with outlooks revised to negative. Ratings Under Review Fitch has placed Adani Ports’ long-term foreign currency IDR at BBB- and its US Dollar senior unsecured …
On Monday, November 25, 2024, the benchmark indices Sensex and Nifty 50 are expected to open on a positive note amid positive global market performance. At 08:07 AM, Gift Nifty was trading up by 0.28% at 24,336.50. Previous Trading Session On November 22, 2024, the Nifty 50 ended 557.35 points or 2.39% closing at 23,907.25, and the …
On November 26, 2024, at 08:04 AM, the GIFT Nifty futures were trading 70 points lower at 24,283.50, indicating a negative start. Before the market opens, check out a few stocks that will be in focus during the trading session. Adani Group Stocks The Andhra Pradesh government is reviewing the power supply contract with the Adani …
On Tuesday, November 26, 2024, the benchmark indices Sensex and Nifty 50 are expected to get impacted as global markets experience mixed trends amid a stronger US dollar following U.S. President-elect Donald Trump’s announcement of tariffs on imports from Canada, Mexico, and additional tariffs on China. At 08:41 AM, Gift Nifty was trading down by 0.24% at …
In a significant move to support senior citizens with limited income or no family support, the Delhi government has launched an online portal for its old-age pension scheme. The initiative aims to provide financial relief to vulnerable elderly citizens and ensure a hassle-free application process. This program, which categorizes pensions based on age and socio-economic …
Global ratings agency S&P Global has revised its economic outlook for India, reflecting global economic conditions and domestic challenges. While India’s GDP growth remains robust compared to other major economies, concerns like persistent food inflation, high interest rates, and transitory sectoral slowdowns weigh on the projections. Revised GDP Projections: Insights and Implications S&P Global is …
The Adani Group faces significant scrutiny following bribery and fraud charges from U.S. authorities. Allegations of improper payments to secure lucrative contracts and misleading public statements have severely impacted the group’s financial standing, causing a sharp decline in bond prices and market value. Bribery Allegations and Market Reaction Last week, U.S. prosecutors charged Gautam Adani, …
Indian Stocks Added to MSCI Global Standard Index In its latest reshuffle, the MSCI Global Standard Index has included BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty. These changes are going to take effect starting November 25, according to an official statement released on Thursday. Indian equities are anticipated to see total net FII …
On November 22, 2024, both the BSE Sensex and Nifty 50 ended the day in green. The BSE Sensex closed at 79,117.11, up by 1,961.32 points or 2.54%. Similarly, the Nifty50 also closed at 23,907.25, up by 557.35 points or 2.39%. Sectoral Performance All the sectoral indices ended in green on the NSE. Nifty IT and Nifty …
