Mumbai

Investors hit jackpot as large, mid-cap stocks touch new highs

It has been a spectacular year for equity investors with both mid and large-cap stocks making smart gains and benchmark indices scaling record highs.

While benchmark indices like Nifty and Sensex hit new all-time highs, they recorded gains of 27 per cent outperforming the MSCI global index, which rose 20 per cent during the year.

Rupee seen easing to Rs 66.50/$ on Fed hike, FII outflows

The rupee may gradually depreciate to Rs 66.50/$1 in 2018 due to overseas fund outflows from local shares, likely reversal in the Reserve Bank of India rate cycle and US Federal Reserve rate hikes, making emerging markets less attractive for investors, experts say.

"Looking ahead it seems more likely that the rupee will depreciate against the dollar," said Shilan Shah, senior Indian economist at Capital Economist. "After all, India runs a perennial current account deficit, while the country also has a structurally higher rate of inflation than most of its peers," Shah said.

I try to merge into any role that i play

Rani Mukerji has always had a strong connect with the audiences and the actor believes people find her relatable because she never brings her real- life persona on screen. In her new film Hichki, which is her first after the birth of her daughter Adira, Rani plays the role of a woman who does not let her speech disability come in the way of achieving her dream of becoming a teacher. “Whenever I play a character in a film, I try to remove Rani Mukerji and emotionally connect with the part.

Probe WhatsApp results leak, Sebi tells Axis Bank

Markets regulator Sebi has directed Axis Bank to conduct an internal investigation into the alleged leakage of financial earnings on the WhatsApp messaging platform ahead of them being disclosed to the stock exchanges and shareholders. Axis Bank has to complete the inquiry within three months and file a report to Sebi within seven days thereafter, the regulator said.
The regulator has also asked Axis Bank to strengthen its processes and systems to ensure that such instances of leakage of unpublished price sensitive information do not recur in future.

Chances of private capex recovery look bleak now

Hopes of revival in capital investments by domestic private companies looks bleak as capacity utilisation of corporate India is at a decade-low of around 60 per cent.

Private capex has been falling steadily. Capex as a percentage of GDP has fallen to 27 per cent from a peak of 33 per cent in 2013, as companies faced a sharp drop in utilisation of existing capacities.

RCom outlines new debt reduction plan

Reliance Communications on Tuesday submitted a debt repayment plan, which it claims would reduce its debt of Rs 45,000 crore by 85 per cent, putting on block most of its asset like towers, real estate, optical fibre and spectrum while shifting focus to B2B businesses and 4G voice telephony.

IPO debutants strike rich; 25 out of 37 firms give double-digit returns

The IPO market has rewarded investors in a big way. Companies that made their debut in the market in 2017 have offered gains ranging from 25-370 per cent.

Out of the 37 IPOs that have hit the market in 2017, 25 have given double-digit returns while 12 have ended in the red.

Topping the IPO return chart for this year is Apex Frozen Foods with a gain of 377 per cent from its offer price followed by Shankara Building Products  (295 per cent) and Avenue Supermart (285 per cent).

Bond yields continue to rise

The Indian 10-year bond yields have been rising for the past five months, driven by strong supply, but weaker demand as rising crude oil prices pose risk to inflation and fiscal dynamics.

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