Posts in category Business Standard
FPI gross purchases hit a high in 2023 on strong earnings, economic growth (25-12-2023)
Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations
SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19% (25-12-2023)
Monthly SIP investments have been going up consistently, rising from Rs 8,023 crore in January 2021 to Rs 17,073 crore in November 2023
Small stocks lead D-St on bull run in 2023, give big returns to investors (25-12-2023)
Smaller stocks have emerged as Dalal Street's favourites in 2023 that has turned out to be a "great year" for equities, rewarding investors with big gains, driven by optimism over the country's macroeconomic fundamentals and heavy retail investors participation.
Experts said equity markets are experiencing a prolonged bull run and it is during this time that the midcap and smallcap segments tend to outshine their larger counterparts.
Till December 22 this year, the BSE smallcap gauge has jumped 13,074.96 points or 45.20 per cent while the midcap index has surged 10,568.18 points or 41.74 per cent.
In comparison, the BSE 30-share benchmark Sensex has rallied 10,266.22 points or 16.87 per cent during this period.
The smallcap index scaled its all-time high of 42,648.86 points on December 20 this year and the midcap gauge also reached its record peak of 36,483.16 points on the same day.
The BSE benchmark also hit its lifetime high of 71,913.07 points on December 20.
The midcap index
Market holiday: BSE and NSE to remain closed today on account of Christmas (25-12-2023)
Indian exchanges like NSE, BSE, MCX, and the bond market will remain shut on the account of Christmas, this is the last market holiday on a trading day in this calendar year
Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g (25-12-2023)
The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000
Main-board IPOs weather global headwinds, collect Rs 52,000-cr in 2023 (24-12-2023)
The capital generated through mainboard IPOs dipped slightly to just over Rs 52,000 crore in 2023 amid global volatility driven by rising interest rates and geopolitical risks, while the number of issues rose. Experts maintain a strong bullish outlook on the IPO market for 2024.
Excluding LIC's blockbuster maiden public issue of Rs 20,557 crore in 2022, initial public offering (IPO) collection actually increased by 36 per cent this year.
Notably, mid and small-cap companies were in flavor this year, given the considerable tailwind in the markets.
The market environment for IPOs has been extremely robust in 2023, though the start of the year was tepid due to global headwinds.
"A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers. Another strong pillar of the Indian market ecosystem is the robust yet efficient regulatory framework," said ...
Mutual funds bounce back in 2023 with Rs 9 trillion surge in asset base (24-12-2023)
The mutual fund industry has bounced back strongly this year after a lacklustre 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well.
With a substantial increase, the overall inflow this year has reached Rs 3.15 lakh crore, accompanied by a growth of over 2 crore in the investor count. This was supported by the increasing popularity of Systematic Investment Plans (SIPs), which drew in Rs 1.66 lakh crore, according to the data shared by the Association of Mutual Fund Industry (Amfi).
The inflow has pushed the assets under management (AUM) of the mutual fund industry by 23 per cent or Rs 9 lakh crore in 2023, the data showed.
This was way higher than the 7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh .
FPIs pour Rs 57,300-cr in equities in Dec on account of political stability (24-12-2023)
Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields.
With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year.
Going forward, the New Year is expected to witness declines in U.S. interest rates, and FPIs are likely to increase their purchases in 2024, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to the data, FPIs made a net investment of Rs 57,313 crore in Indian equities in this month (till December 22). This was the highest monthly inflow by them in a year.
This came following a net investment of Rs 9,000 crore in October.
Before this overseas investors withdrew 39,300 crore in August and September, data with the depositories showed.
The robust inflow from FPIs into the Indian stock markets can be attributed to various factors. Primary among these are .
M-cap of 3 of most valued firms jump Rs 70,312 cr; Reliance biggest winner (24-12-2023)
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions.
From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India (LIC) faced erosion to the tune of Rs 68,783.2 crore.
Last week, the BSE benchmark declined 376.79 points or 0.52 per cent after a record-breaking rally.
The market valuation of Reliance Industries jumped Rs 47,021.59 crore to Rs 17,35,194.85 crore.
Hindustan Unilever added Rs 12,241.37 crore, taking its valuation to Rs 6,05,043.25 crore.
HDFC Bank's valuation climbed Rs 11,049.74 crore to Rs 12,68,143.20 crore.
However, the market capitalisation (mcap) of ICICI Bank plummeted Rs 30,235.29 crore to Rs 6,97,095.53 crore.
The valuation of TCS eroded by Rs 12,715
Gold price rises Rs 230 to Rs 63,230, silver climbs Rs 300 to Rs 79,500 (23-12-2023)
The price of 22-carat gold rose Rs 250 to Rs 58,000