With the earnings season drawing to a close, stock markets will take cues from global trends and foreign investors’ trading activity this week, analysts said.
The US FOMC (Federal Open Market Committee) minutes will be the major highlight this week, experts said.
“This week, there are fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded. However, important global economic data, such as Japan’s inflation numbers and the minutes from the US FOMC meeting, will be closely watched. The uncertain geopolitical situation remains the primary near-term risk for the market,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Traders will also closely monitor institutional flows and crude oil price movement, he added.
Easing fears of a recession in the US triggered a global market rally on Friday.
“Positive US economic data like cooling inflation and robust retail sales numbers shrugged off recession fears while talks of a rate cut by the US Fed as ear
Posts in category Business Standard
Markets to take cues from global trends, FII trading activity: Analysts (18-08-2024)
Mcap of 7 of top 10 valued firms rises to Rs 1.40 trn; TCS, Infosys lead (18-08-2024)
The combined market valuation of seven of the top 10 valued firms jumped Rs 1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services and Infosys emerged as the biggest gainers in line with an optimistic trend at Dalal Street.
Last week, the BSE benchmark rose by 730.93 points or 0.91 per cent following a strong rally on Friday.
The market capitalisation (Mcap) of Tata Consultancy Services (TCS) surged by Rs 67,477.33 crore to Rs 15,97,946.44 crore.
The valuation of Infosys jumped Rs 36,746.21 crore to Rs 7,72,023.49 crore.
The Mcap of Bharti Airtel rallied Rs 11,727.55 crore to Rs 8,45,123.87 crore and that of ICICI Bank by Rs 10,913.96 crore to Rs 8,36,115.19 crore.
The valuation of ITC soared Rs 8,569.73 crore to Rs 6,28,399.10 crore and that of Reliance Industries by Rs 5,311.4 crore to Rs 20,00,076.41 crore.
Hindustan Unilever added Rs 117.48 crore to take its valuation to Rs 6,45,926.13 crore.
However
Sebi proposes to introduce liquidity window facility for bond investors (17-08-2024)
Sebi has proposed to introduce a new liquidity window facility for investors in debt securities through the stock exchange mechanism, a move aimed to enhance liquidity in the corporate bond market, particularly for retail investors.
In its draft circular released on Friday, Sebi proposed that the liquidity window facility seeks to mitigate the issue by providing a regulated mechanism for issuers to offer put options on debt securities at pre-specified dates or intervals.
The facility will allow issuers to provide put options to investors, enabling them to sell their debt securities back to the issuer before maturity. It can be provided only for prospective issuances of debt securities through public issue process or on a private placement basis (proposed to be listed).
The Securities and Exchange Board of India (Sebi) has invited public comments on the draft circular till September 6.
As per the circular, Sebi said “an entity issuing debt securities, which are proposed to be listed
Brigade Group launches ibis Styles Mysuru in partnership with Accor (17-08-2024)
ibis Styles Mysuru seeks to redefine hospitality with its fusion of contemporary design and cultural nuances. The hotel’s interiors draw inspiration from the vibrant birds of Ranganathittu Bird Sanctuary, creating a welcoming atmosphere for guests. With 130 well-designed rooms, ibis Styles Mysuru caters to a variety of needs, offering comfortable accommodation for travelers. The hotel’s 30 suites feature designated kitchenettes, private balconies, spacious living areas, and family-friendly rooms. The hotel also houses a dedicated children’s play area.
Samvardhana Motherson International announces acquisition of 34% stake in Motherson Auto Solutions (17-08-2024)
Upon the aforesaid acquisition of 34% stake, MASL has become an indirect wholly owned subsidiary of the Company.
Bakeri Urban Development Pvt consolidated net profit rises 99.10% in the June 2024 quarter (17-08-2024)
Sales rise 48.78% to Rs 9.76 crore
APL Metals reports standalone net loss of Rs 11.33 crore in the June 2024 quarter (17-08-2024)
Sales decline 56.51% to Rs 76.16 crore
Dvara Kshetriya Gramin Financial Services Pvt standalone net profit rises 64.29% in the June 2024 quarter (17-08-2024)
Sales rise 18.16% to Rs 144.93 crore