The financial markets generate a lot of number on a per second basis. There are people who have made it a profession to convert this information into trends, buy-sell signals, charts and pivot tables. Over the last 18 years of financial journalism, I have realised that every number has a story to tell. And these numbers as a trend normally never lie. Im forever looking for these trends.
Across 25 global cities, Mumbai has witnessed the highest growth in the number of ultra rich individuals over the last decade. This growth is expected to continue into the next 10 years as well says the 2016 Wealth Report by Knight Frank.
There are pockets where you will find that prices have fallen, but calling it a huge correction is going too far. Interestingly, since December 2010, the real estate prices in some areas of Mumbai are up by 33 percent or 10 percent annually for the last three years
S.Naren, the chief investment officer – equities at ICICI Prudential mutual funds is taking a big bet on Cairn India, a global E&P company which has seen its stock price fall by 12 percent over the last year. In comparison, the BSE Sensex has moved up by 21 percent.
UTI mutual fund is one of the few fund houses that has managed to give good returns in a lacklustre market. The fund has topped Crisil’s quarterly ranking for mutual funds with seven of the schemes in the top cluster for the quarter ended March 2013
Akshaye Tritiya on Monday was a big day for Gold ETFs (exchange traded funds). Goldman Sach’s GoldBees, the biggest of them, notched up a turnover of Rs 525 crore. The ETF price fell by 1.15% to Rs 2,560. The average daily turnover for the fund is around 13 crore.