Posts in category Business Standard
FPIs take out Rs 24,700 cr from equities on rising bond yields in US (28-01-2024)
Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US.
On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed.
According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25).
Before this, FPIs made a net investment of Rs 66,134 crore in the entire December and Rs 9,000 crore in November.
"The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
"The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5 per cent to around 3.8 per cent.
"Now the 10-year bond is back at 4.18 per cent which indicates t
Markets to focus on Budget, US Fed policy in eventful week, say analysts (28-01-2024)
Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts.
Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues.
From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday.
Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31.
"Market is likely to consolidate further ahead of the US Fed interest rate decision where the Fed is expected to maintain status quo and give some hint with regards to rate cut timeline. Apart from this, BoE (Bank of England) monetary policy is also due coupled with a few key economic data releases which might keep markets volatile.
"Further many heavyweights would be ...
M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard (28-01-2024)
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard.
In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent.
Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India were the laggards, ICICI Bank, Infosys and Bharti Airtel emerged as the gainers.
The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore.
LIC's valuation tumbled by Rs 20,682.74 crore to Rs 5,71,337.04 crore.
The market valuation of TCS eroded by Rs 19,173.43 crore to Rs 13,93,439.94 crore and that of State Bank of India plunged by Rs 16,599.77 crore to Rs 5,46,989.47 crore.
ITC's valuation diminished by Rs 15,908.1 crore to Rs 5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17
Global stock index edges up, dollar falls after US inflation reading (27-01-2024)
The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years
Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 500 to Rs 76,500 (27-01-2024)
The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800
Asian stocks drop after 6-day winning streak; Chinese shares decline (26-01-2024)
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
Asian stocks drop after 6-day winning streak; Chinese shares decline (26-01-2024)
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
BLS E-Services IPO opens on Jan 30; price band set at Rs 129-135 per share (26-01-2024)
Technology-backed service provider BLS E-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), that will open for bidding on January 30.
The issue will open for public subscription on January 30, and close on February 1, 2024, a company release said.
The firm is offering up to 2.3 crore equity shares, excluding pre-IPO placement in the offering.
Anchor investor bidding will be on January 29, it added.
Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.
"The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes," it said.
Republic Day 2024: Indian stock market to remain closed on January 26 (26-01-2024)
The markets will also remain closed for the next two days on account of weekend holidays. This means the trading will resume on Monday, January 29
Faasos, Behrouz Biryani’s parent Rebel Foods aiming to get listed in 2025 (26-01-2024)
With this, Rebel Foods would become the country's first cloud kitchen business to go public