Today’s market news

By a staff reporter: 

Indian market opened with negative sentiment on the back of weak global markets , quarterly earnings reports , news flows on the Russia -Ukraine war ans rising Covid cases in china .
Gold prices rose today to their highest since mid March , as the Russia - Ukraine crisis sources rush sentiment and drove investors to the safety asset class.

Stock specific news : Hdfc bank , Infosys, Mahindra and Mahindra
Hdfc bank profit in q4 grew by 22.8% to rs 10,055.2 crs .
Infosys, the second largest IT services company’s net profit fell 2.12% to Rs . 5686crs against the Rs . 5968 crs forecast .
Mahindra and Mahindra has increased the prices of it’s vehicles by 2.5% . The increase is due to the continuous increase in prices of commodities such as steel , aluminium and palladium .

Mutual Fund specific news :
Go long term in Mutual fund investment. There are funds in mid cap space which has delivered 43% returns in FY 22.
Mid cap schemes garnered more than Rs 36000 crs worth flows in fy 21-22 . After a strong rally and steady returns many investors have booked profit .
Quant Mid Cap delivered returns of upto 43% in fy 21-22. The average asset is worth Rs 337
PGIM India Mid Cap fund delivered returns upto 33% in fy -22. The average asset of this fund is worth 4766 crs
Aditya Bírla Mid Cap fund delivered a return of around 29% in last fy .

Investments in this market is advisable in a SIP and STP mode as there is a volatility in the market . Long term investors should not panic with the short term volatility .