Posts in category Business Standard
Stocks to Watch: L&T, Bharti Airtel, SBI Card, Dixon, Cipla, Bajaj Finance (20-11-2023)
Stocks to watch on November 20, 2023: SBI Card said that its capital adequacy ratio is expected to decline by 4 per cent due to the RBI's latest move on tightening consumer loan norms
Gold, silver prices remain unchanged, yellow metal trading at Rs 61,690/10g (20-11-2023)
The price of 22-carat gold remained unchanged, with the yellow metal selling at Rs 56,550.
Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks (20-11-2023)
Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent
Bias for Nifty remains bullish; look to buy on dip, suggest charts (20-11-2023)
According to Ravi Nathani, an independent technical analyst, substantial resistance for the Nifty can be expected between 20,064 and 20,110.
M-cap of 7 of top 10 firms swells Rs 1.50 trn; TCS, Infosys biggest gainers (19-11-2023)
The combined market valuation of seven of the top 10 valued firms climbed Rs 1,50,679.28 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 890.05 points or 1.37 per cent.
Reliance Industries, TCS, HDFC Bank, Infosys, Hindustan Unilever, ITC and Bharti Airtel were the gainers while ICICI Bank, State Bank of India and Bajaj Finance faced erosion from their market valuation.
The valuation of TCS jumped Rs 62,148.99 crore to Rs 12,81,637.63 crore, emerging as the biggest gainer from the top 10 pack.
The market capitalisation (mcap) of Infosys rallied Rs 28,616.98 crore to Rs 5,96,681.75 crore.
The mcap of Reliance Industries climbed Rs 28,111.41 crore to Rs 15,93,893.03 crore and that of HDFC Bank surged Rs 11,136.61 crore to reach Rs 11,42,215.81 crore.
The market valuation of Hindustan Unilever soared Rs 10,032.75 crore to Rs 5,94,317.36 crore
Flurry of IPOs: 5 cos including Tata tech gear up to raise Rs 7,300 cr (19-11-2023)
The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively.
The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India.
Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed.
Before this, three firms -- ASK Automotive, Protean eGov Technologies, and ESAF Small Finance Bank -- launched their public issues earlier this month. Further, IPOs of Honasa Consumer, which owns FMCG brands Mamaearth, and household products and stationery manufacturer Cello World concluded in the first week of the month.
V Prashant Rao, Director & Head-ECM, Investment Banking at Anand Rathi Advisors, attributed several factors to the hectic IPO ...
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