Month: April 2020

After the Franklin Templeton liquidity crisis came into light, the net asset value (NAV) of three BOI AXA credit risk funds fell by 50 per cent in a single day on Friday last week. The fund house wrote down its entire holding in Dewan Housing Finance Corp Ltd (DHFL) and …

Continue reading “This credit risk mutual fund lost half of NAV; fund head still not excited about RBI liquidity offer”

The Securities and Exchange Board of India (Sebi) said on Thursday that money market or debt securities held by mutual funds (MFs) would not be classified as default, if payment of interest or principal was impacted due to Covid-19 pandemic or or the moratorium by the Reserve Bank of India …

Continue reading “Sebi gives breather to firms that default on money mkt securities due to Covid-19”

Asian shares were mostly higher on Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Japan’s benchmark Nikkei 225 added 1.5% to finish at 19,429.44, while South Korea’s Kospi rose 1.1% to 1,914.73. Australia’s S&P/ASX 200 lost earlier gains to inch …

Continue reading “Asian shares mostly rise as oil prices recover”

Reliance Industries Ltd., helped by the mega Facebook-Jio deal saw its share price jump 10% to touch the upper circuit at Rs 1,359 per share on Wednesday. The scrip has maintained its position as the top gainer on S&P BSE Sensex since the opening bell today. The first big cross-border …

Continue reading “Reliance Industries share price jumps 10% after Facebook-Jio deal, hits upper circuit”

Infosys, TCS (Tata Consultancy Services), HCL Tech shares, along with other information technology stocks, fell up to 6 per cent in Tuesday’s trade after US President Donald Trump announced a temporary suspension of immigration into the country. Out of the 10 IT stocks in Nifty IT index, 9 scrips were …

Continue reading “Infosys, TCS, HCL Tech share prices fall as Donald Trump announces immigration suspension”