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Nifty poised for recovery, Midcap Select awaiting breakout: Ravi Nathani (25-11-2024)
The Nifty index has witnessed a sharp correction, positioning it firmly in the oversold zone, Nifty Midcap Select index is currently exhibiting range-bound behaviour
India-dedicated fund outflows hit largest since June 2022: Elara Capital (24-11-2024)
Retail flows from Japan to India turn negative on a four-week basis
Adani-Hindenburg case: SC plea to take US charges against Adani on record (24-11-2024)
The petitioner has also called for the conclusive report by the Securities and Exchange Board of India (Sebi) on the probe carried out till now
IPO pipeline strong as 10 companies plan to raise Rs 20,000 cr in December (24-11-2024)
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said.
Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added.
The companies aim to raise a total of Rs 20,000 crore through their public offerings. These IPOs will span various sectors, and deal sizes, and include both fresh issues and offers for sale.
Trivesh D, COO of Tradejini, an online brokerage house, told PTI that the Maharashtra election verdict and the UP Lok Sabha by-election results have created a positive market sentiment that could boost IPO activity and fundraising efforts.
While 2024
FPI outflows continue in Nov at Rs 26,533 cr, pace of outflow slows (24-11-2024)
Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks.
While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore (USD 11.2 billion) on a net basis.
With the latest pull-out, FPI outflows on a net basis are Rs 19,940 crore in 2024 so far.
Going ahead, the flows from foreign investors into the Indian equity markets would depend on the policies implemented under Donald Trump’s presidency, the prevailing inflation and interest rate dynamics, the trajectory of the geopolitical landscape, and the third-quarter earnings performance of Indian companies, Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Research India, said.
According to the data, FPIs recorded a net outflow of Rs 26,5
FPI selling spree continues in Nov at Rs 26,533 cr, pace of outflow slows (24-11-2024)
Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks.
While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore (USD 11.2 billion) on a net basis.
With the latest pull-out, FPI outflows on a net basis are Rs 19,940 crore in 2024 so far.
Going ahead, the flows from foreign investors into the Indian equity markets would depend on the policies implemented under Donald Trump’s presidency, the prevailing inflation and interest rate dynamics, the trajectory of the geopolitical landscape, and the third-quarter earnings performance of Indian companies, Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Research India, said.
According to the data, FPIs recorded a net outflow of Rs 26,5
Mcap of 8 of 10 most-valued firms jump Rs 1.55 trn; HDFC Bank, TCS sparkle (24-11-2024)
Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities.
Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent.
The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25.
From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards.
The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms.
Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation.
The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys surged Rs 16,189.33 crore to Rs 7,90,151.83 .
Global cues, FIIs key factors to watch, mkt may react to polls outcome (24-11-2024)
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts.
Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of
correction.
On Friday, Sensex jumped 1,961.32 points or 2.54 per cent to settle at 79,117.11 while Nifty soared 557.35 points or 2.39 per cent to 23,907.25.
“On the domestic front, the outcomes of the Maharashtra and Jharkhand elections will be crucial triggers. Especially Maharashtra where NDA witnessed a one-sided victory which is likely to boost bullish sentiment further. However, global factors continue to pose significant risks. Escalating tensions between Russia and Ukraine, alongside rising crude oil prices, have added to inflationary concerns,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
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After Trump’s Project 2025 denials, he is tapping its influencers for roles (24-11-2024)
As a former and potentially future president, Donald Trump hailed what would become Project 2025 as a road map for exactly what our movement will do with another crack at the White House.
As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face. He denied knowing anything about the ridiculous and abysmal plans written in part by his first-term aides and allies.
Now, after being elected the 47th president on November 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned.
Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as border czar; and immigration hardliner Stephen Miller as deputy chief of policy.
Those moves have accelerated criticisms from Democrats who warn that Trump’s election hands government reins to movement conservatives who spent years envisioning