Shares of HDFC AMC fell nearly 2 percent at open after the fund house announced its fourth-quarter results on April 19. The results were announced after market hours. At 9:20 am, the stock was trading at Rs 3,670.In an exchange filing, HDFC Asset Management Company (HDFC AMC) reported a consolidated net profit of Rs 540.84 crore for the quarter ended March 2024, a 43.77 percent year-on-year jump f...

Indian equity markets are likely to open higher on Wednesday amid positive global cues. SGX Nifty hinted at a flat to positive start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures were up 17 points, or 0.10% at 17,873 on the Singapore Exchange ahead of today’s session. “We expect Nifty to consolidate at higher levels and inch upwards towards the 18,000 mark. Investors would...

Prashant Jain, executive director and chief investment officer (CIO) at HDFC AMC, on Friday tendered his resignation after spending 19 years at the firm.One of the world’s longest-serving fund managers, Jain was responsible for overseeing assets under management of over Rs 4 trillion as the CIO of the fund house and directly managed about Rs 1 trillion under four predominantly equity schemes.Jai...

Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were likely to open in green on Friday, as suggested by trends on SGX Nifty in early trade. SGX Nifty 50 Index Futures for July were ruling 41 points or 0.25 per cent up at 16658.50 on Singaporean Exchange. In the previous session, the Sensex ended up 284.42 points or 0.51% at 55,681.95, and the Nifty was up 84.50 points or 0.51% at 16,...

Newly listed Life Insurance Corporation of India (LIC) and Adani Wilmar stocks have been ranked as largecaps, according to the Association of Mutual Funds in India’s (AMFI) latest stock categorisation. AMFI has further moved shares of Adani Power, Cholamandalam Investment and Finance, Bank of Baroda, Hindustan Aeronautics Ltd (HAL), and Bandhan Bank from the midcap category to the largecap one. ...