Stock exchanges BSE and NSE on Thursday launched the beta version of T+0, or same-day trade settlement on an optional basis for select stocks, which will offer investors an option to transact in 25 securities in T+0 settlement.
The IT major said it is in the process of evaluating the implications of these orders on the financial statements for the quarter and year ending March 31, 2024.
Shah, however, acknowledged the efforts by mutual fund distributors and intermediaries, and urged Sebi to direct agencies to do a better job.
The data available from ACE Equity showed that select 5 stocks from the Nifty 50 universe have surged over 100% in the financial year 2023-24.
Data available from corporate database ACE Equity shows select 10 stocks with sizeable mutual Fund ownership have surged up to 617% in FY24.
Kamath, in a post in X on Friday, said having low-cost index funds for one's core portfolio is a 'no-brainer'. "You can complement that with other funds, but the core should be passive funds," he said.
According to the data from Ace Equity, 12 stocks in the BSE500 index dropped between 20-55 per cent between April 2023 to March 2024 period.
A total of 859 stocks on the BSE more than doubled investors’ money during the year gone by. With a rally of 2618%, Archana Software emerged as the top gainer in the list. It was followed by Jai Balaji Industries (up 1,932%), SG Mart (up 1,811%) Advance Technologies (up 1753%) and Prime Industries (up 1,703%).
The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651, up 0.9 per cent. The Nifty rose 0.9 per cent to 22,326.
Data available from corporate database ACE Equity shows that Nifty Pharma index has surged 58% in 12 months period. The pharma index has significantly outperformed the equity benchmark Nifty50 that has given 30% return in the same duration.
Auto shares: Motilal Oswal prefers Mahindra & Mahindra Ltd (M&M) among auto OEMs as the brokerage feels new launches may continue to help the company drive market share gains in PVs.
In the T+0 settlement system trades in shares are settled on the same day. This means shares will quickly transferred to the buyer's account while funds are swiftly deposited in the seller's account.
Large-cap companies present enticing investment opportunities with their attractive valuations, robust corporate governance and promising growth outlook, according to Sidana.
Same-day settlement will be in addition to the existing T+1 settlement cycle and will be a precursor to instant settlement that may be rolled out on an optional basis at a later date.
The move is line with the RBI directive for 'upper layer' NBFCs to list within three years of being notified.
IDFC First Bank shares ended 0.1 per cent higher at Rs 77.81 apiece on BSE on Wednesday.
Suzlon Energy target price: Anand Rathi has a target price of Rs 590 on Inox Wind. Fully integrated in wind energy, Inox Wind is set to benefit from the upturn in the sector, Anand Rathi said.
The recent sale of a 0.65% stake in the group's flagship TCS to raise Rs 9,300 crore, the report claims, could be pointing to this pivot.
PB Fintech shares: Policybazaar demonstrated a bullish breakout above the small 'Falling Channel' pattern at Rs 1,145 on the weekly chart, signalling a positive bias.
Rogers said India is in a sweet spot at the moment, and it has the potential to be “even better in the future" if the government can keep delivering on its promises.
Kotak Institutional Equities retained its 'Sell' rating on shares of KPIT Technologies Ltd, L&T Technology Services Ltd (LTTS), Tata Elxsi Ltd and Tata Technologies Ltd. It prefers Cyient, Infosys and TCS.
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