Nirav Modi's IPO plans go for a toss; SIP investments top $1 billion

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ET Markets Daily Brief | Sat, Feb 17, 2018 | 04:03 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

Public sector banks' dirty linen repels the bulls away, but double bottom test shows hope Worst seems to have been discounted in the PSU banks, but positive triggers are awaited. Stay put: Avoid shorts as Nifty50 tries to find bottom in near term No major show is expected from PSU banks, Bank Nifty, public sector enterprises, energy pack. IPO plans of Nirav Modi, Mehul Choksi will now be 'consigned to oblivion' The net profit of Gitanjali Gems plunged from Rs 595 crore in FY 2013 to Rs 166 crore in FY 2017.

Interview One to One A 7.5-8% GDP growth will draw investors here. Once funds start coming, big infrastructure plans can be financed.... Anand Mahindra, Chairman, Mahindra Group

Advertorial Making your first mutual fund investment Investors should also read the scheme related documents and understand the investment objective of the mutual fund scheme, know the securities in the scheme where money will be invested.

Advertorial Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus.

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -4.19 1.18 23.96 14.73 Mirae Asset India Opportunities Fund Direct- Growth -4.39 5.92 24.23 13.44 JM Multi Strategy Direct Plan-Growth -3.31 1.57 21.27 12.71 Kotak Select Focus Fund Direct-Growth -3.36 3.75 20.36 12.63 Mirae Asset India Opportunities Fund Regular- Growth -4.44 5.55 23.35 12.58 Featured DSP BlackRock Liquidity Direct-Growth ★★★★★ 0.56 3.31 6.75 7.52 Start SIP

Market Watch 17 Feb | 04:03PM| SENSEX NIFTY USD/INR GOLD 34010.76 ↓-286.71 10452.30 ↓-93.20 64.21 ↑0.30 30802.00 ↑223.00

Gainers Losers 17 Feb, 2018, 04:03PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Nagarjuna Oil Refinery Ltd. 4.59 19.84 823545 4.59 3.94 JLA Infraville Shoppers Ltd. 3.71 18.91 25000 3.71 2.55 Hindustan Tin Works Ltd. 107.65 14.10 663204 109.40 95.00

Tweet of the day... SIP investments touch billion-dollar mark in January

FROM THE NEWSPAPER

RBI, government do heavy lifting; can banks get back in shape? The government has been continuously raising the bar by introducing structural economic reforms. Half of $3 trillion money lost in market is back! What's behind investor behaviour? The S&P 500 just rallied for six straight days, retracing 54 per cent of its 292-point loss. India Ratings puts PNB entities under rating watch Both short-term and long term debt securities have been placed under observation. Have dynamic bond funds lived up to their name? The last one year served as an acid test for such dynamic bond funds. There are more legs to this entire global equity selloff: Sarvendra Srivastava "Right now if you have to pick, sell side picks are more easy and they are more abundant than buy side ones."

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