NFO Alert: Bajaj Finserv Mutual Fund launches two passive funds
Bajaj Finserv Mutual Fund has launched two new passive funds—the Nifty 50 Index Fund and the Nifty Next 50 Index Fund—targeting long-term wealth creation through low-cost, diversified exposure to large-cap stocks. Both funds replicate their respective indices, offer flexible investment options like SIP and STP, and are managed by Ilesh Savla.
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Economic Times
2 hours ago
- Economic Times
Qcomm platforms boost promotions with curated offerings for Independence Day, Janmashtami
PTI Quick commerce platforms Zepto, Flipkart Minutes, BigBasket and Swiggy have launched discounts and special promotions for products tailored to Independence Day and Janmashtami celebrations, including sweets, decoration and pooja items. For Independence Day, rapid-delivery platforms are offering a range of tricolour-themed products, including decorative items, the Indian flag and apparel in the colours of the national flag. Similarly, for Janmashtami, companies have introduced offerings such as clothes for Krishna idols, peacock feathers, and other pooja-related products. Traditional sweets commonly associated with the festival are also available through these services, often in discounted combo packs. There are also fasting-related food items, story books on Krishna, and instant guides for poojas. Industry experts have highlighted the growing trend of consumers relying on quick commerce for last-minute festive shopping due to speed and convenience. Quick commerce companies also see festive occasions and major sports and entertainment events as an opportunity to attract customers with curated assortments specific to these events. For instance, customers send chocolates and gift items for Valentine's Day, Father's Day, Mother's Day, or Friendship Day, and festive goods for festivals such as Eid, Christmas, Holi, or Dhanteras. ET reported on August 9 that quick commerce platforms saw a rise in orders for rakhis and gifts on Raksha Bandhan. With the festive season around the corner, the platforms are going beyond fast delivery and attractive offers, and increasing their stock-keeping units (SKUs) to provide a wider selection of items. Insiders told us that platforms such as Instamart and Flipkart Minutes are seeing a significant trend of consumers planning their festive purchases in advance, not just relying on last-minute shopping. Also Read: I-Day, Rakhi sales signal 15-20% festive ecommerce growth this year: Analysts Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Mint
3 hours ago
- Mint
Stocks to buy for short term: Ajit Mishra of Religare Broking recommends buying these 3 shares for next 1-2 weeks
Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 gained over 1 per cent for the week ended August 14, snapping its six-week losing streak. Shares of Apollo Hospitals, Eternal, Dr Reddy's Laboratories, and Cipla were among the top gainers. The index reclaimed the 24,600 mark, closing at 24,631 in the previous session, as sentiment improved after India's CPI inflation fell to an eight-year low of 1.55 per cent in July. However, Trump's tariffs and weak earnings remain key headwinds for the market, keeping the near-term outlook uncertain. According to Ajit Mishra, SVP of research at Religare Broking, the prevailing consolidation suggests that markets have largely digested recent negatives and are now awaiting a recovery trigger. Oversold positions in heavyweights across sectors are further supporting this possibility, Mishra added. He believes a decisive break above 24,800 on the Nifty could spark fresh momentum towards the 25,000-25250 zone; otherwise, consolidation may persist with major support at 200 DEMA, i.e. 24,200. "Participants should maintain a stock-specific trading approach with a focus on risk management," said Mishra. Highlighting a favourable technical setup, Mishra suggests buying the following three stocks for the next one to two weeks. Mishra pointed out that Maruti is forming a broad symmetrical triangle, marked as a 'continuation pattern,' following a strong prior uptrend. The stock has been coiling within converging trendlines for over a year, with the 20-week EMA acting as a dynamic support. The recent breakout attempt toward the upper boundary, coupled with increasing volume, suggests growing bullish momentum. "A sustained close above ₹ 13,000 could lead to a decisive breakout, with potential targets around ₹ 13,800– ₹ 14,000. The tightening range reflects a buildup of energy, which often results in a strong directional move. Overall, the pattern favours an upside move, given the preceding trend and supportive volume action," said Mishra. Maruti technical chart Mishra underscored that Hindalco is displaying a breakout setup from a prolonged corrective phase, with a defined 'buying pivot' near ₹ 665. The price has decisively crossed above its 20-week EMA, confirming short-term bullish momentum. The breakout candle's body is healthy, and follow-through buying is seen in subsequent candles, suggesting strength. "Key resistance now lies near ₹ 720, while immediate support rests at ₹ 665. Sustaining above the buying pivot can lead to a continuation toward previous swing highs, with ₹ 750– ₹ 760 as an extended target zone. Any dip toward the pivot with low volume could present an attractive accumulation opportunity," said Mishra. Hindalco technical chart According to Mishra, the L&T chart is in a clear long-term uptrend, supported by a firmly rising 200-week EMA. After a strong multi-year rally, the stock entered a broad consolidation between ₹ 3,000 and ₹ 3,850, forming a 'trend continuation formation.' The recent price action shows a rebound from the lower end of this range with improving volumes, signalling renewed buying interest. "A breakout above the previous swing high, i.e. ₹ 730 on strong volumes, could trigger the next leg of the uptrend, potentially targeting the retest of the record high and beyond," said Mishra. "The sideways consolidation has allowed the stock to digest earlier gains, setting a solid base for further upside. Support is well-defined near ₹ 3,570-3,600, and as long as these levels hold, the broader bullish structure remains intact," said Mishra. Larsen and Toubro technical chart Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of the expert, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Economic Times
5 hours ago
- Economic Times
SoftBank's PayPay files for US IPO, plans to raise $2 bn: Report
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
