FIIs sell nearly ₹1887 crore in Indian stocks; DIIs pull out ₹2.23 crore - 2 Aug
Major drags included Tata Motors (down 3.19%), Bajaj Finserv (down 2.89%), HDFC Bank (down 1.25%), and Reliance Industries (down 1.05%). The broader market lagged behind the main indices. Key Points
mintKeeping some cash; taking a barbell approach to portfolio: Ganeshram Jayaraman
Ganeshram Jayaraman of Avendus Spark discusses the portfolio construct with a focus on defensives and industrials. He is cautious on the macro outlook, expects volume growth to be the key driver, and highlights the evolving consumption patterns in the rural economy. PSU banks and sectors dependent on government capex may face challenges. Key Points
Economic TimesByju Raveendran's net worth plummets to zero, as per Forbes Billionaire Index 2024; Here're others who fel
Forbes' Billionaire Index 2024 highlights a drastic decline in Byju Raveendran's net worth, plummeting from ₹17,545 crore ($2.1 billion) to zero. This sharp downfall follows crises within his startup, Byju's, once valued at $22 billion. The company's financial woes, including a staggering net loss exceeding $1 billion, led to a significant devaluation, with BlackRock marking its worth at just $1 billion. Shareholders recently voted to remove Raveendran as CEO amidst ongoing challenges. Key Points
Economic TimesIndian-American murder-suicides: The American dream, broken by death and despair
India News: Discover the shocking truth behind the rise of murder-suicides in the Indian-American community, exposing the hidden underbelly of the American dream. Explore the factors contributing to these tragic events and the urgent need for mental health support. Stay informed with the latest news and analysis on Indian-American murder-suicides. Key Points
Times Of IndiaBeing bullish when bearish narrative is cyclical; 4 ceramic and laminates stocks with upside potential of
The narrative is that monsoon is a bad time for some sectors. Anything linked to construction, whether it is spending on infrastructure projects by the government or private spending on home building, comes down. This brings an element of cyclicality in some industries, right from cement to homebuilding products. However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing. Key Points
Economic Times