Posts in category Business Standard
A year of setting up a new system of regulation (17-12-2023)
The RBI's efforts in 2023 were directed at supporting fair practices, innovation and controlling risks while focusing on financial stability
Banks, Indian companies set to raise Rs 13,700 cr through bond market (17-12-2023)
HDFC Bank, Shriram Finance, Tata Projects to raise funds
Banks, Indian companies set to raise Rs 13,700 cr through bond market (17-12-2023)
HDFC Bank, Shriram Finance, Tata Projects to raise funds
FPIs flood Indian equity markets, infuse Rs 1.5 trn despite uncertainty (17-12-2023)
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024.
This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
Going forward, as the general elections approach next year, political stability and economic growth will become focal points for foreign investors. Besides, global cues on the inflation and interest rate scenario would dictate the flow of foreign money into Indian equities, said Himanshu Srivastava, Associate Director Manager Research at Morningstar Investment Research India.
India, with its promising position for economic growth, is expected to continue attracting foreign ..
Markets to track global trends, trading activity of investors: Analysts (17-12-2023)
Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said.
Markets may face near-term consolidation due to elevated valuations, they noted.
"While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
Additionally, factors such as crude oil prices and macroeconomic data from both the US and China will wield considerable influence on market dynamics, he added.
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said due to overbought technical conditions, the benchmarks may consolidate in the near term.
However, that said, the near-term outlook for the markets continues to be in favour of the bulls, he said.
A series of positive news -- September quarter GDP growth rate of 7.6 per ce
M-cap of 9 of top-10 firms jumps Rs 2.26 trn; TCS, Infosys biggest gainers (17-12-2023)
The combined market valuation of nine of the top-10 most valued firms jumped Rs 2.26 lakh crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers amid an overall bullish trend in equities.
Last week, the BSE benchmark jumped 1,658.15 points or 2.37 per cent.
The 30-share BSE Sensex zoomed 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75 on Friday. During the day, it surged 1,091.56 points or 1.54 per cent to 71,605.76, its all-time intra-day high level.
The combined market valuation of the nine firms, including Reliance Industries, TCS, ICICI Bank and Infosys, jumped Rs 2,26,391.77 crore, while Bharti Airtel emerged as the only laggard from the top-10 pack.
The market valuation of TCS jumped Rs 85,493.74 crore to Rs 14,12,412.13 crore, the most among the top-10 firms.
Infosys added Rs 36,793.61 crore, taking its valuation to Rs 6,55,457.54 crore.
The market valuation of State Bank of India surged Rs 30,700.
Gold price rises Rs 110 to Rs 63,000, silver climbs Rs 1,000 to Rs 78,700 (16-12-2023)
The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,750
Spicejet’s domestic market share makes consistent gains towards 2023-end (15-12-2023)
Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November
Wager on IPOs exceeds Rs 1 trn; Doms subscribed 93x, India Shelter 37x (15-12-2023)
Another half a dozen IPOs open for subscription next week
Reserve Bank of India sets sovereign gold bond issue price at Rs 6,199/gram (15-12-2023)
The Reserve Bank of India (RBI) on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram and will open for subscription on December 18 for five days.
The Sovereign Gold Bond (SGB) Scheme 2023-24 - Series III will be open for subscription during December 1822, 2023.
The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
In a statement, the RBI said the nominal value of the bond based on the simple average closing price for gold of 999 purity works out to Rs 6,199 per gram.
The central government, in consultation with the Reserve Bank, has also decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and