Posts in category Business Standard
FPIs turn buyers; invest Rs 1,433 cr in equities in November so far (19-11-2023)
After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices.
Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed.
"The ongoing festive season in India has been seen as a contributing factor to the renewed interest of FPIs in the Indian market. Alongside this, a decrease in US Treasury bond yields and a decline in crude oil prices alleviated some of the pressures that prompted the sell-off earlier," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India, said.
Some intermittent corrections in the markets could have also provided buying opportunities in a few pockets, Srivastava added.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the .
Mutual funds’ NFO collection surges 4 times to Rs 22,000 cr in Sept qtr (19-11-2023)
Mutual funds' collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market.
Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said.
"With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings.
"To support these listed businesses, AMCs would be interested in launching more schemes across equity and hybrid categories, especially in the mid-, small-, and micro-cap market capitalisations," he added.
During the quarter that ended in September 2023, 48 schemes were launched, which were cumulatively able to garner Rs 22,049 crore at t
Global trends to dictate movement in markets this week, say analysts (19-11-2023)
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts.
The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said.
"Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.
"The market's stability may be influenced until the conclusion of state elections, at which point a discernible trend might materialize," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Foreign portfolio investors have largely been sellers in Indian markets since August. During August, September October and November till 15th FPIs cumulatively sold stocks for Rs 83,422 crores through the exchanges, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial ...
Uttar Pradesh government to tap capital markets with municipal bonds (17-11-2023)
A bond is a debt security issued by a government agency or municipality to finance capital expenditure
Sebi orders to attach bank, demat accounts of ex-officials of Karvy Group (17-11-2023)
Sebi has ordered the attachment of bank and demat accounts of Karvy Group's three former officials to recover Rs 1.80 crore for the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL).
The recovery proceedings against KSBL's former VP (finance and accounts) Krishna Hari G; KSBL's former compliance officer Srikrishna Gurazada; KSBL's General Manager of back office operation Srinivasa Raju for Rs 1.80 crore, includes interest, all costs, charges and expenses, Sebi said in three attachment orders on Tuesday.
In its notices, Sebi asked all banks, depositories, and mutual funds not to allow any debit from the accounts of Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju. However, credits have been permitted.
Further, the market regulator has directed all the banks to attach all accounts, including lockers, of the defaulters.
Last month, Sebi sent demand notices to -- Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju -- asking them to pay about Rs 1.8 crore in
Financial stocks feel the pinch of RBI loan stance; Sensex falls 188 points (17-11-2023)
Sensex, Nifty decline intraday but finish with gains for a third week in a row
Sebi eases rule for physical securities’ holders without PAN, KYC details (17-11-2023)
Capital markets regulator Sebi on Friday decided to do away with the provision of requiring the freezing of folios without PAN, KYC details and nomination for all holders of physical securities.
The move, aimed at simplifying the rule, will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
The decision has been taken after receiving feedback from the Registrars' Association of India and investors.
Under the rule, it was mandatory for all holders of physical securities in listed companies to furnish PAN, nomination, contact details, bank account details and specimen signature for their corresponding folio numbers.
The folios wherein any one of such documents are not available on or after October 1, 2023, is required to be frozen by the Registrars to an Issue and Share Transfer Agents (RTA), Sebi said in May.
Amending the circular issued in May, Sebi said that reference to the term 'freezing/ frozen' has been deleted.
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Indian buyers brush off record rates to load up on gold for Diwali (17-11-2023)
Local gold prices were trading around Rs 60,900 ($731.81) per 10 grams on Friday after hitting an all-time high of Rs 61,914 ($744.00)this week
Multi-asset funds offer considerable relief in the choppy waters (17-11-2023)
Another expert termed Nippon India Multi Asset Fund as an example of a true multi-asset fund, saying this fund believes in classical asset allocation
Fedfina announces Rs 1,092 cr IPO; sees no impact of RBI norms on issue (17-11-2023)
Fedbank Financial Services (Fedfina) on Friday said it plans to raise up to Rs 1,092-crore through an initial public offering opening on November 22.
The Reserve Bank's circular increasing the risk weights on unsecured lending will increase the borrowing costs, but the negative market sentiment will not impact the offering, Managing Director and Chief Executive Officer Anil Kothuri told reporters here.
Fedfina, a subsidiary of south-based Federal Bank, has set a price band of Rs 133-140 per share for the issue which comes amid a raft of other issuances before the holiday season and the next year's general elections. The issue will open for three days starting November 22.
The offer consists of fresh issue of Rs 600 crore, while the rest is offer for sale under which existing shareholders, including Federal Bank and homegrown private equity fund True North are exiting.
Kothuri said that post issue, Federal Bank's overall holding will come down to 61 per cent from the present 73 per