Posts in category Business Standard
FPIs pull Rs 20,300 cr from equities in Oct; invests Rs 6,080 cr in debt (29-10-2023)
Foreign Portfolio Investors (FPIs) have pulled out over Rs 20,300 crore from Indian equities this month so far, primarily due to a sharp surge in the US treasury yield, and the uncertain environment resulting from the Israel-Hamas conflict.
However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused Rs 6,080 crore into the debt market during the period under review, data with the depositories showed.
Going ahead, the future of FPI flows hinges on several factors, including the US Federal Reserve's November 2 meeting and global economic developments, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said.
In the short term, FPIs are expected to remain cautious amid global uncertainty and increasing US interest rates. Nonetheless, India's strong economic growth prospects should maintain its appeal for foreign investors in both equities and debt, he added.
According to the data with the depositories, Foreign Portfoli
M-cap of top-10 firms plunge Rs 1.93 trn; TCS, HDFC Bank biggest laggards (29-10-2023)
All the top-10 most valued firms suffered a combined erosion of Rs 1,93,181.15 crore in market valuation last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in line with bearish trend in equities.
In a holiday-shortened last week, the BSE benchmark tanked 1,614.82 points or 2.46 per cent.
The market valuation of TCS plunged Rs 52,580.57 crore to Rs 12,25,983.46 crore, the most among the top-10 firms.
HDFC Bank's market capitalisation (mcap) slumped Rs 40,562.71 crore to Rs 11,14,185.78 crore.
The valuation of Reliance Industries Limited dropped Rs 22,935.65 crore to Rs 15,32,595.88 crore and that of Infosys tumbled Rs 19,320.04 crore to Rs 5,73,022.78 crore.
The mcap of Bharti Airtel fell by Rs 17,161.01 crore to Rs 5,13,735.07 crore and that of Bajaj Finance diminished by Rs 15,759.95 crore to Rs 4,54,814.95 crore.
ICICI Bank's valuation tanked Rs 13,827.73 crore to Rs 6,39,292.94 crore and that of ITC slipped Rs 5,900.49 crore to Rs 5,40,637.34
Fed rate decision, macroeco data, earnings to dictate mkt trends: Analysts (29-10-2023)
The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said.
Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
"All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched.
"Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Ste
Sebi turns up heat on unregistered influencers giving tips on social media (29-10-2023)
The regulator's order is at least the third high-profile crackdown on a financial influencer this year
Sharepro Services case: Sebi slaps Rs 33 cr fine on 13 individuals (28-10-2023)
Capital markets regulator Sebi has slapped fines totalling Rs 33 crore on 13 individuals, including senior officials of Sharepro Services (I) Pvt Ltd for flouting regulatory norms.
The regulator levied fines in the range of Rs 1 lakh to Rs 15 crore on 13 individuals, including Rs 15.08 crore on Indira Karkera (Vice President and client manager for a number of client companies of Sharepro), and Rs 5.16 crore on Govind Raj Rao (Managing Director of Sharepro).
Apart from senior officials, Sebi also penalised Balram Mukherjee, Pradeep Rathod, Shrikant Bhalakia, Anil Jathan, Chetan Shah, Sujitkumar Amarnath Gupta, Bhavani Jathan, Anand S Bhalakia, Dayanand Jathan, Mohit Karkera and Rajesh Bhagat. These individuals are referred to as noticees.
In its 200-page order, Sebi found that securities at least worth Rs 60.45 crore (on the basis of the value of respective scrip in October 2016) and dividends worth Rs 1.41 crore of genuine shareholders were misappropriated in the fraud.
Further, ..
Crypto unicorn CoinDCX expects govt to lower tax that crushed trading (28-10-2023)
The company reduced staff by 12% earlier in 2023 and now has around 550 employees. Operating revenue and cash in the bank give CoinDCX a five-year "runway," Gupta said
Weekend Bites: Bears rule, biggies declare results, feeble campus hiring (28-10-2023)
In which we munch over the week's platter of news and views
Exchanges announce Muhurat Trading session; Blue Jet IPO subscribed 8x (27-10-2023)
Blue Jet's IPO comprises only secondary share sale worth Rs 840 crore
FTSE 100 closes 0.9% lower, logs weekly loss as lacklustre results weigh (27-10-2023)
The banks index shed 2.3% and ended the week 5.4% lower.
Sebi’s instant trade settlement plan faces foreign investor pushback (27-10-2023)
The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported