Samir Arora, Founder and Chief Executive Officer at Helios Capital, sees scope for a further 10 percent correction in the market and expects the domestic market to bottom out when the US markets do the same. The veteran asset manager dismissed concerns that the current drawdown in the equity market is similar to the 2008 global financial crisis. Here’s what he said during a chat with Moneycontrol.
A look at infection trends in some countries battling the covid, and the sub-variant responsible it...
The New Mexico wildfire, on track to be the largest in the state’s history, has burned over 259,810 acres, edging towards mountain resort towns. In California, a wildfire engulfed multi-million dollar mansions in the south
From buy-1-get-1 free tickets, discounts and cashbacks on money spent on purchasing movie tickets, credit cards have enticing offers for the cinema lovers.
A high-risk, high-return strategy, microcap stocks are those whose market-capitalisation falls below Rs 3,000 crore. If picked with care and backed by good research, these stocks can give a big kicker in returns. And market correction presents a good opportunity to do quality picking.
Stocks In the News: Check out the companies making headlines before the opening bell.
All sectoral indices ended in the red, with capital goods, auto, bank, metal, oil & gas, power, FMCG, pharma and realty down 1-4 percent
Even as the cyclonic storm Asani weakened into depression after making a landfall on May 11 night, heavy rainfall along with winds continued in parts of coastal Andhra Pradesh on May 12.
Apartment blocks have been reduced to rubble and nearly 10 million people have been displaced in Ukraine during the Russian invasion.
Odisha Government's new hockey stadium, Birsa Munda International Hockey Stadium underway, in Rourkela, will have seating capacity of 20,000 and all modern facilities. The stadium has been named after freedom fighter 'Birsa Munda'.
Bundling insurance, repair costs and a battery warranty into the deal, Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of $39,000 for the first four years. Cancelling in the first 48 months will mean an additional fee.
The Rock, the biggest white diamond ever auctioned, was sold for 21.7 million Swiss francs ($21.9 million) on May 11, far short of the record for such a jewel. The 228.31-carat stone, larger than a golf ball, was sold in Geneva by Christie's auction house.
Stocks In the News: Check out the companies making headlines before the opening bell.
According to the ANI report, South Delhi Municipal Corporation (SDMC) plans to carry out the first phase of demolition drive from May 4 to May 13 in several parts of South Delhi.
Among sectors, bank and realty indices were up 0.5 percent each, while IT, auto, FMCG, pharma, power, and capital goods indices shed 0.5-1 percent.
Queen Elizabeth II delegated one of her most important public duties to Prince Charles on May 10, underscoring the increasingly central role the heir to the crown is taking as his mother prepares to celebrate 70 years on the throne.
Firefighters battled blazes in Odesa until early hours of May 10 after Russian missiles pounded the Ukrainian port on May 9, the day President Vladimir Putin led celebrations in Moscow marking Soviet victory over Nazi Germany in World War Two.
After 20 years of journey, Apple has officially announced the discontinuation of the iconic portable music player - iPod. But with online music streaming platforms and smart phones with ample storage space, the iPod slowly became eclipsed. Apple, in its blog, announced that the iPod Touch, the only version of the player still in circulation, will be available till stocks last.
The Nexon EV Max is available in two variants – XZ+ starting at Rs 17.74 lakh (ex-showroom price) and XZ+ Lux starting at Rs 19.24 lakh (ex-showroom price).
Up until early 2020, debt funds, even other than credit risk funds, were used to investing in lower-rated securities to get a kicker in returns. But after frequent defaults and the Franklin Templeton crisis in April 2020, debt fund managers have become more careful
Stocks In the News: Check out the companies making headlines before the opening bell.
Severe cyclone Asani is moving towards the Andhra coast on May 10. A red alert has been issued for Andhra Pradesh. As per Indian Meteorological Department (IMD), the cyclonic storm is expected to reach the west-central Bay of Bengal close to Kakinada or Vishakhapatnam by May 11 morning.
On the sectoral front, metal, power, oil and gas, healthcare, IT and realty indices declined 1-5 percent. On the other hand, bank index added 0.5 percent.
Britain will mark Queen Elizabeth’s platinum jubilee -- 70 years on the throne -- in June.
The Sensex has lost 6.5 percent, so far, in 2022, and the BSE smallcap index is down more than 10 percent. Smallcaps normally see the steepest fall when the market slides but seven stocks have bucked the trend