Stock market live: Shares of TCNS Clothing cracked 17 per cent after Aditya Birla Fashion and Retail signed a pact to acquire 51 per cent stake in the company for Rs 1,650 crore
Posts in category Business Standard
Charts signal bullish trend for Nifty50, Nifty Bank over short-term (08-05-2023)
According to the technical analyst, the indices current market price, and identified short-term bullish trend, presents an opportunity for investors to potentially generate positive returns
FIIs gung-ho on India from medium-term viewpoint: Saion Mukherjee (08-05-2023)
‘Given valuation comfort, we are still most overweight on China and South Korea,’ says Saion Mukherjee
Street Signs: Free-float markdown, Zomato gains 25% in 4 weeks & more (08-05-2023)
Adani Total Gas and Adani Transmission in the MSCI Standard indices could now halve
Buying, selling by MFs and FPIs have a bigger impact on the markets (08-05-2023)
Buying, selling by MFs, FPIs have a bigger impact on markets than other investor classes
Slowly but surely, mutual funds warm up to investment in REITs, InvITs (08-05-2023)
Exposure up sevenfold in three years to Rs 5,200 cr
RR Kabel backed by TPG files for IPO to raise up to $27.5 million: Report (07-05-2023)
Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million
Expect sideways movement in market with focus on Smallcap and midcap space (07-05-2023)
The week gone by had 4 trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed
FPIs invest Rs 10,850 cr in just 4 trading sessions, due to stable economy (07-05-2023)
Foreign portfolio investors (FPIs) continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions due to the country’s stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings.
This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March, data available with the depositories showed.
The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow is negative.
Going forward, the appreciation in the rupee and good fourth-quarter results will aid in increasing capital flows to India, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to data from the depositories, FPIs invested a net sum of Rs 10,850 crore in Indian equities in the last four trading sessions during May 2-5.
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Q4 earnings, foreign fund trading key triggers for mkts this week: Analysts (07-05-2023)
The domestic equity markets will be driven by ongoing quarterly earnings announcements and global factors this week, analysts said.
Besides, the trading activity of Foreign Portfolio Investors (FPIs) would also be tracked.
“In the domestic market, the March 2023 quarterly earnings season and Karnataka assembly elections will be in focus. Asian Paints, Cipla, Eicher Motors, Larsen & Toubro and UPL Q4 earnings are in the pipeline for this week,” Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said.
The movement of the rupee against the dollar and crude oil prices will also remain in focus, Gour said.
“Global markets are in a brittle mode because everyone is eyeing US regional banking systems (small banks), which are in trouble,” he added.
Also, Apollo Tyres, Indian Overseas Bank and Tata Motors would announce their earnings this week.
“This week, participants will be eyeing macroeconomic data viz. IIP and CPI for cues on May 12. Besides, the US inflation, which i