Posts in category Business Standard
FPIs to bet on equities; infuse Rs 30,600 cr in first fortnight of July (16-07-2023)
Foreign Portfolio Investors (FPIs) flow into the Indian equity market remained unabated as they invested over Rs 30,600 crore in the first fortnight of this month, driven by the country's robust economic growth and strong corporate earnings.
If this trend continues, investment by FPIs in July will exceed the figures recorded in May and June, which were Rs 43,838 crore and Rs 47,148 crore respectively.
With this, inflow in the equity market reached Rs 1.07 lakh crore so far this year, data with the depositories showed.
Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based.
"The concern, however, is the rising valuations which are getting stretched. The valuations in China are hugely attractive now compared to valuations in India and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, "V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said.
According to the data,
Investors prefer small-cap mutual funds; net inflow Rs 11,000 cr in Q1FY24 (16-07-2023)
Mutual funds focused on small-caps have emerged as the winner with a net inflow of close to Rs 11,000 crore in April-June quarter, as fund managers struggle to create alpha in the large-cap space, and the trend is expected to continue for some time.
On the other hand, large-cap space, which is yet to pick up momentum, witnessed an outflow of Rs 3,360 crore during the quarter under review, data from the Association of Mutual Funds in India (Amfi) showed.
Apart from the June quarter, small-cap funds logged an inflow of Rs 6,932 crore in three months that ended in March.
"The strong rally witnessed in the mid and small-cap indices in the last few months, and the fact that it is becoming difficult to create alpha in the large-cap space can be the reasons for the huge inflows into smallcap funds" Himanshu Kohli, Co-founder, Client Associates, said.
The huge inflows into these funds have made fund managers more cautious in their stock selection as the valuations have become stretched, he
M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners (16-07-2023)
Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities.
Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90.
From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore.
Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore.
The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore.
The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore.
However, HDFC Bank's valuation fell by Rs 8,695.25 crore
Q1 earnings, global trends, FII activity to guide mkts this week: Analysts (16-07-2023)
Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said.
The movement of rupee and global oil benchmark Brent crude will also be tracked by investors.
"The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Institutional activity will also have a significant impact on market trends, Gour added.
Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries.
"Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic ...
AlarmZ launches Pre-Sale, aims to revolutionize crypto risk mitigation management (15-07-2023)
Austin (Texas) [US]/ Gurugram (Haryana) [India], July 15: AlarmZ, a leading player in the cryptocurrency communications space, has launched its pre-sale as it seeks to revolutionize crypto risk mitigation management. With regulators worldwide actively developing new tools for effective monitoring of the risks associated with cryptocurrencies amid concerns over the growing interconnectedness between the traditional financial market and the crypto market, AlarmZ provides a standout solution that simplifies portfolio management for both new and experienced traders.
Gold price unchanged at Rs 60,000; silver price jumps Rs 1,500 to Rs 77,100 (15-07-2023)
The price of ten grams of 22-carat gold was at Rs 55,000, the same as yesterday
Crypto giant Binance lays off more than 1,000 employees, says report (14-07-2023)
Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann
Shares of Senco Gold surge 28% during stock market debut on Friday (14-07-2023)
The stock hit a high of Rs 444 and a low of Rs 401 on the BSE
No discussions underway on enhanced prosecution powers, says Sebi (14-07-2023)
Capital markets regulator Sebi on Friday said there are no ongoing discussions for any enhanced prosecution powers to it and it is not forming any committee for review of the Securities Contracts (Regulation) Act of 1956.
The statement follows a media report that the Securities and Exchange Board of India (Sebi) plans to set up an expert panel to suggest changes to the 67-year-old Act.
The report further said there is a discussion going on about enhanced criminal prosecution powers for Sebi and this issue is also likely to be examined by the committee.
"In this connection, it is clarified that Sebi has neither formed nor has considered formation of any such Committee for review of the Securities Contracts (Regulation) Act, 1956 and there are no ongoing discussions for any enhanced prosecution powers for Sebi," the regulator said in a statement.
No discussions underway on enhanced prosecution powers, says Sebi (14-07-2023)
Capital markets regulator Sebi on Friday said there are no ongoing discussions for any enhanced prosecution powers to it and it is not forming any committee for review of the Securities Contracts (Regulation) Act of 1956.
The statement follows a media report that the Securities and Exchange Board of India (Sebi) plans to set up an expert panel to suggest changes to the 67-year-old Act.
The report further said there is a discussion going on about enhanced criminal prosecution powers for Sebi and this issue is also likely to be examined by the committee.
"In this connection, it is clarified that Sebi has neither formed nor has considered formation of any such Committee for review of the Securities Contracts (Regulation) Act, 1956 and there are no ongoing discussions for any enhanced prosecution powers for Sebi," the regulator said in a statement.