Foreign portfolio investors (FPIs) have been adopting a cautious stance towards Indian equity markets for the past few weeks
Posts in category Business Standard
Number of Demat accounts rises 34% to 10.8 cr in Dec on attractive returns (15-01-2023)
The number of demat accounts rose to 10.8 crore in December 2022, a surge of 34 per cent on yearly basis, on attractive returns from the equity markets, ease of account opening process and increased financial savings.
Also, the incremental account additions of such accounts were higher in December in comparison with the preceding three months, however, below the financial year 2021-22 (FY22) average run-rate of 29 lakh.
The incremental additions of such accounts were 21 lakh in December 2022, compared to 18 lakh each in October and November and 20 lakh in September, according to an analysis by Motilal Oswal Financial Services.
This decline is mainly due to volatility seen in 2023 on account of Russia-Ukraine war, high-interest rate environment and rising inflation and hawkish US Federal Reserve policies, Nistasha Shankar- Head PRS Equity Research, Yes Securities, said.
Also, a lesser number of new initial public offerings (IPOs) hitting markets in 2022 compared to 2021 has also …
Mcap of 7 of top 10 most-valued firms jumps Rs 1 trn; TCS, Infosys sparkle (15-01-2023)
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,07,224.82 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers.
Last week, the 30-share BSE Sensex climbed 360.81 points or 0.60 per cent.
While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) were the gainers, Reliance Industries Limited, State Bank of India and Bharti Airtel faced erosion from their market valuation.
The valuation of TCS rallied Rs 59,349.81 crore to Rs 12,34,637.11 crore, the most among the top-10 firms.
The market capitalisation (mcap) of Infosys jumped Rs 22,997.16 crore to Rs 6,32,684.95 crore.
Infosys had on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of “constraints” in certain verticals amid slowing global economy.
Meanwhile, Hind
Gold, silver prices rise; yellow metal selling at Rs 51,600 per 10 grams (14-01-2023)
In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively
Private equity major Apax Partners offloads 2.14% in Shriram Finance (13-01-2023)
Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece
Indices rebound after 3-day decline on easing inflation; Sensex up 303 pts (13-01-2023)
The 30-share BSE Sensex rose by 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26
Gold at over eight-month high on slower US Fed rate-hike prospects (13-01-2023)
Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December
Cryptos are nothing but gambling, their value only make-believe: RBI Guv (13-01-2023)
On the CBDC being piloted now, he said central banks issued digital currencies are the future of money and its adoption can help save on logistic and printing costs
Sebi mulls allowing PE funds to become sponsor of mutual fund house (13-01-2023)
The Securities and Exchange Board of India (Sebi) has sought comments from the public till January 29 on the proposals
Crypto wrap: Market recovers after weeks due to softening of inflation (13-01-2023)
The US inflation cooled down to 6.5% in December as compared to a year ago