GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of India's largest private sector lender HDFC Bank, which has been testing investor patience for the last few years, may attract $1.8 billion inflows as global index services provider MSCI may increase its weightage. HDFC Bank's September shareholding pattern shows that the FII headroom remains safely above 20%. "As a result, the second phase (and last) of the weight increase will occur during the November '24 rejig, which is expected to lead to approximately $1.8 billion in inflows in HDFC Bank," Nuvama Alternative & Quantitative Research said. Earlier in August rejig also, MSCI had raised HDFC Bank's weightage leading to FII flows. The Nifty stock has lost about 1% of its value so far in the calendar year 2024 and is up only 42% in the last 5 years. HDFC Bank has a strong history of doubling investor wealth every 4-5 years but the performance in the last few years has made investors jittery. Earlier ...

[hfe_template id='11223'] [ad_1] A sizzling rally in India’s auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins. India’s NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index. Bellwether Maruti Suzuki India Ltd. has slid 6% so far in the month, on track for its worst monthly performance since December 2022. Passenger vehicle inventories have surged to historic highs of up to 72 days, the Federation of Automobile Dealers Association said last month. Waiting period for some models, once as long as 12 months a year ago, have nearly vanished, according to MRG Capital. Increased competition among carmakers has also led to price cuts. These factors have raised concerns about whether local carmakers can sustain the robust sales seen after the pandemic. Bloomberg “After such a run up there is risk that these companies will see correction,” said Manu Rishi Guptha, a portfol...

[hfe_template id='11223'] [ad_1] Chasing trends always seems quite exciting, but what most people tend to be unaware of is the pitfalls of such behavior. An American novelist and poet Jack Kerohouac sums this up well when he says “Great things are not accomplished by those who yield to trends and fads and popular opinion” . When it comes to investing, experts often advise long-term investors to avoid chasing trends as it can potentially derail their financial plan. However, the investor behavior we have been witnessing in the recent past is quite the opposite. In the first three months of financial year 2024-25, approx 33% or one third of the overall gross inflows in equity mutual funds have gone into thematic and sectoral funds. Needless to say, a large chunk of this money has gone into funds which invest in the “hot” sectors and themes. In other words, investors seem to be chasing the trends. Now the important question is: Is this a healthy phenomenon in a country wher...