Axis Mutual News Today

The bears are scurrying to cover their short positions, indicating that the market is shedding its nervousness about the electoral outcome and anticipates political continuity

Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.

Volatility has risen in recent weeks as election fever grips the market. The heightened volatility stems from concerns over lower voter turnout in the ongoing general elections, potentially indicating an unfavourable verdict for the ruling party. Is this market nervousness a sign of future trends or a temporary blip before equities resume their upward journey?

Several infrastructure and capital-goods stocks are trading above their 10-year average PE multiple. Yet, most fund managers are comfortable investing in them because of the underlying growth visibility in these sectors.

The Nifty Manufacturing index climbed to 13,080 intraday. It has touched new all-time highs for the past five sessions. The manufacturing index has gained 57 percent in the last 12 months.

The fund house, the seventh largest in the 43-member strong mutual fund industry, has fallen out of investors favour of late on account of weak performances by its equity schemes and changes in the core team including key fund managers.

Naveen KR expects robust stock market performance in FY25 if election outcome aligns with public opinion. He is bullish on gold and PSU stocks, skeptical about market return moderation despite high valuations and strong earnings growth. He believes that the business fundamentals for mid and small cap companies are pretty strong.

Ashish Naik from Axis Mutual Fund foresees inflows into small and midcaps, driven by notable earnings upgrades and increased investor appetite. Sebis regulatory concerns impacted smallcap funds, leading to outflows. Market dynamics affected by electoral outcomes and global valuations.

The scheme will allocate 65-100% in equity and equity related instruments (of not exceeding 30 companies), 0-30% in debt and money market instruments, 0-10% in units issued by REITs & InvITs.

V Macs promoters, along with others, have been asked to hand over