Top Buy IdeasThe benchmark indices closed a rangebound session on a negative note, continuing the downtrend for the fourth straight day, with an overall weak market breadth. About 1,607 shares declined, while 892 shares advanced on the NSE. The market is expected to remain consolidative with a negative bias. Below are some trading ideas for the near term:Amol Athawale, VP-technical Research at Kot...

ICICI Prudential Nifty Commodities ETF is an open-ended Exchange Traded Fund replicating the Nifty Commodities Index, the company said in a statement. The New Fund Offer (NFO) of the scheme opened today (December 14, 2022) and it will close on December 15, 2022. However, there is no assurance or guarantee that the scheme’s objectives will be met.“The commodity market has always been one of...

ICICI Prudential Mutual Fund launched two target maturity index funds – ICICI Prudential Nifty SDL Dec 2028 Index Fund and ICICI Prudential Nifty G-Sec Dec 2030 Index Fund. These are open-ended passively managed funds that replicate the underlying debt index having a specific maturity date. The constituents of the index are generally hold-till-maturity.“In a rising interest rate scenario, inve...

IPRU posted 24.7% y-o-y growth in new business APE, led by all-round growth of 25%/22% in Savings/Protection. Within Savings, Annuity/Non-Linked/ULIPs grew 69%/41%/15% y-o-y. VNB grew 31.6% y-o-y to Rs 4.7 bn (in line). This was primarily driven by a 128bp q-o-q improvement in VNB margin to 31% in Q1FY23.IPRU remains on track to achieve its stated objective of doubling FY19 VNB by FY23. With adequ...

RBI governor Shaktikanta Das on Thursday emphasised on the need for states to adopt prudent borrowing strategy and efficient cash management practices, keeping in view the evolving macroeconomic scenarios.Inaugurating the 32nd Conference of the State Finance Secretaries (SFS) in Mumbai, he stressed that the states should focus on improving quality of expenditures, better handling and monitorin...