Given their ability to balance risk and reward and contain losses during a downside, contrarian funds can be a good pick for investors.

More private banks will go a long way in promoting inclusive growth, argues Sunil Godhwani.

Profit-booking in banking stocks pulled down the 30-share benchmark Sensex in the morning trade, with HDFC plunging nearly two per cent.

RBI will meet the industry chambers in Mumbai on Thursday to discuss granting of new banking licences to business houses and non-banking finance companies.

The real estate developer had opened its qualified institutional placement last week to raise $60 million, but got subscriptions worth $67 million.

Mortgage lender HDFC plunged 1.48 per cent on the Bombay Stock Exchange to touch a low of Rs 748, playing a role in bringing the Sensex down 69 points in the opening trade.

Riding on India's sustained growth story, corporates have shifted gear to the fast lane in fund raising, particularly from foreign sources, during the just concluded quarter.

The chairman of Reliance ADAG announces whopping investments worth Rs 1.25 lakh crore for Reliance Power, Reliance Capital and Reliance Communications.

Shares of HDFC declined 1.33 per cent to touch an early low of Rs 718 per piece on the Bombay Stock Exchange, landing last amongst the 30-Sensex companies.

Global financial services company Citigroup will raise the one dollar token salary of its Chief Executive Vikram Pandit to compensation commensurate with the job, next year.

In line with the broader market, shares of the company surged nearly one percent to touch an intra-day high of Rs 1,415, fuelling its marketcapitalisation.

Shares of the country's top lender opened on a strong note and never looked back. In the intra-day trade, the scrip zoomed 6.45 per cent to touch a high of Rs 3,175.

The 30-share Sensex of the BSE added 155.15 points to close at 19,502.11. The key index had gained 1,126 points in the past six days.

The Sensex, which has gained almost 1,000 points in the last fivetrading sessions, advanced to 19,346.96, its highest level since January 2008.

Brokers said some profit-booking amid the overall bullish sentiment pared the gains, ahead of a three-day long week end.

blank_pageTrading on Dalal Street was choppy and at one point of trade, the Sensex touched a high of 18,711.20, but profit- booking shaved off some gains.

With their winning risk-reward balance and ability to contain losses during a downside, contrarian funds can be a good pick for investors.

I invest in equity mutual funds regularly. However, the Direct Taxes Code (DTC) proposal to tax long-term capital gains has made me wary of investing in such funds. Is there a way to avoid this tax?

A look at the recent rulings which can affect you.

A look at the recent rulings which can affect you.