News Overview

For the quarter to March 2024 (Q1-2024), the US Bureau of Economic Analysis (BEA) has published the first estimate of first quarter growth for 2024. The GDP growth rate at 1.6% is sharply lower than the previous 2 quarters. Of course, this is only the first advance estimate and will undergo further changes in the second and the final estimate. This is also sharply lower than the Atlanta Fed GDP estimate which had pegged the GDP growth for the first quarter between 2.6% and 2.8%. It would, therefore be interesting to see what were the factors that actually pushed the Q1 GDP to 1.6%.

In the table above, we have selected a cross section of 10 funds that represent healthcare funds as a proxy, although these are active funds while the Tata Nifty Midsmall Healthcare Index Fund is a passive fund. However, the risk profile is approximately the same. These comparisons are purely for the purpose of understanding. We have considered a total of 10 funds with a healthcare portfolio. Here are highlights of the performance of these funds.

Check out the price of Petrol and Diesel in your city today.

In a resilient display, Indian equities staged a notable recovery on April 25, marking their fifth consecutive session of gains.

Here are some of the stocks that may see price movement today: Tata Steel, Tech Mahindra, Bajaj Finance, IndusInd Bank, etc.

The offer was split roughly equally between qualified institutional purchasers (around 50%), retail investors (35%), and non-institutional investors (15%).

The board recommended a final dividend of ₹8.5 per share of ₹1 face value, according to the Indian division of the multinational food company Nestle.

Comparing the quarter's net profit to the same period last year, it increased by 300% to ₹945 Crore on a consolidated basis.

By the closing bell, the Sensex surged by 486.50 points, or 0.66%, to settle at 74,339.44.

The week, startups raised $260 Million led by GPS Renewables, Sharechat, Altum Credo, Ecozen, ProcMart, Ring, Uniqus