Posts in category Business Standard
Stress disclosures on small, mid-cap funds by AMCs from March: Report (10-03-2024)
In a bid to maintain stability, instil investors' confidence and enhance transparency, market regulator SEBI and AMFI, a body representing the mutual fund industry, have directed fund houses to provide additional disclosures for small and mid-cap funds from this month, officials said.
The additional disclosure parameters for mutual fund managers include valuation, volatility, investor concentration and stress tests, they said.
"We have instructed AMFI to direct AMCs to disclose certain additional data points relating to valuation, volatility, investor concentration, and the percentage holding in small and mid-cap stocks, along with disclosures on stress testing results," SEBI wholetime member Amarjeet Singh said at an event organised by Indian Chamber of Commerce.
The stress test results are expected to reveal the time it may take for Asset Management Companies (AMCs) to liquidate securities equivalent to 25 per cent and 50 per cent of the Assets Under Management (AUM) of the scheme
Sebi mandates registration of index providers under regulatory fold (10-03-2024)
Mandates registration of index providers managing 'significant indices' based on securities listed in India
FPIs inject over Rs 6,100 cr in equities in March on strong economic growth (10-03-2024)
Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields.
This came following a modest investment of Rs 1,539 crore in February and massive outflow of Rs 25,743 crore in January, data with the depositories snowed.
"FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market," Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India, said.
On the regulatory front, announcements such as removal of UAE from the grey list, Sebi's consultation paper for easing disclosures norms for regulated FPIs have been the major catalysts to put India on the forefront for potential long term investments for the ...
Mcap of 7 most valued firms climbs Rs 71,301 cr; Bharti Airtel shines (10-03-2024)
The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer.
In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent.
Stock markets were closed on Friday for Mahashivratri.
The 30-share BSE Sensex on Thursday settled at a new closing peak of 74,119.39. The Nifty also ended at a fresh closing high of 22,493.55.
Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday (March 2) to check their preparedness to handle major disruption or failure at the primary site.
While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, Reliance Industries, Infosys and Life Insurance Corporation of India (LIC) suffered erosion from their market valuation.
The valuation of Bharti Airtel j
Macroeconomic data, global trends to drive mkt trends this week: Analysts (10-03-2024)
In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said.
According to experts, markets may face volatile trends due to high valuations. Equity benchmark indices Sensex and Nifty hit their fresh record peaks on Thursday.
Besides, trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend would also influence trading in equities.
"This week's market focus shifts to inflation data releases. Both India and the US will unveil their Consumer Price Index (CPI) figures on Tuesday. On Thursday, WPI data will be announced.
"Large-cap stocks may continue their outperformance as Foreign Institutional Investors (FIIs) are expected to maintain their buying spree," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
Industrial Production data for January and inflation numbers for the month of ..
Bitcoin miners are devouring electricity at record pace during crypto rally (09-03-2024)
Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings
KPI Green secures 305 MW solar order for wind-solar hybrid project in Gujarat (09-03-2024)
This project forms part of a larger wind-solar hybrid power initiative in the state.
Lemon Tree Hotels signs new property in Coimbatore (09-03-2024)
Lemon Tree Hotels has signed a license agreement for upcoming hotel in Coimbatore, Tamil Nadu under the company's brand, Keys Lite by Lemon Tree Hotels.
Board of ESAF Small Finance Bank approves Tier II bonds issuance of Rs 135 cr (09-03-2024)
At meeting held on 08 March 2024
Poly Medicure Board OKs to raise upto Rs 800 cr (09-03-2024)
Poly Medicure announced that its board has approved to raise funds aggregating up to Rs 800 crore through various modes.