At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start
Posts in category Business Standard
Osho Krishan of Angel One recommends buying this healthcare stock (11-11-2024)
Recently, the stock has demonstrated a strong bullish gap, showcasing its ability to maintain a position above all major EMAs on the daily chart, which supports a positive outlook
Ravi Nathani suggests buying dips in Nifty; Nifty Bank seen rangebound (11-11-2024)
A decisive close below 23,880 could lead the index further down to test support at 23,636 and, if necessary, 23,364
Bitcoin rises above $80,000 for first time on optimism over Trump’s victory (10-11-2024)
The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday
Bitcoin rises above $80,000 for first time on optimism over Trump’s victory (10-11-2024)
Bitcoin, the world’s biggest and best-known cryptocurrency, is up 65.4% from the year’s low of $38,505 it hit on Jan. 23
What a Trump victory means for tech world: Boost for crypto, Musk (10-11-2024)
Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit
Sebi looks to expand scope of unpublished price-sensitive information (10-11-2024)
To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price Sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements.
In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI.
Additionally, key developments in corporate insolvency proceedings, such as initiation or approval of resolution plans by the tribunal, should be disclosed as potentially price-sensitive.
If a forensic audit is launched or concluded for issues like fund misappropriation or financial misstatements, it should be disclosed as price-sensitive.
The proposed changes to Sebi’s definition of UPSI are aimed at increasing regulatory clarity and …
FPIs withdrew around Rs 20,000 cr from equities in last 5 trading sessions (10-11-2024)
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China.
As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far.
Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
With the newly elected US president not assuming office until January 2025, the Indian market’s near-term direction will be more influenced by domestic factors like the Maharashtra assembly ..
Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard (10-11-2024)
The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.
Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent.
While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.
The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore.
Bharti Airtel’s valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore.
The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore.
LIC’s market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went low
Macroeconomic data, Q2 earnings to guide markets this week: Analysts (10-11-2024)
A host of macroeconomic data announcements, the last batch of September quarter earnings, global trends, and trading activity of foreign investors will be the major driving factors for the equity market this week, according to analysts.
Equity markets would remain closed on Friday for Guru Nanak Jayanti.
“India is set to release CPI and IIP data on November 12, with WPI data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve’s upcoming policy stance,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
With major global events and Q2 earnings (of blue-chip companies) behind, the market focus will shift to key macroeconomic data and the last round of results, Meena said.
Bank of India, BEML, Hindalco Industries, ONGC, Apollo Tyres, and Brainbees Solutions — the parent firm of online e-commerce platform FirstCry — among others will announce their quarterly earnings this week.
“The performa