Macroeconomic data announcements, the Covid situation in China and global market cues would guide Dalal Street in the first week of trading in the New Year, analysts said.
Markets would also keep a track on rupee movement, Brent crude oil prices and foreign fund investment trends.
“As market players attempt to understand the Fed’s stance, Indian markets may respond in lockstep with their international counterparts when the Federal Open Market Committee (FOMC) minutes are made public later this week.
“Back home, the New Year is poised to begin with auto numbers,” said Apurva Sheth, Head of Market Perspectives, Samco Securities.
Purchasing Managers’ Index (PMI) data for the manufacturing sector to be announced on Monday and services sector on Wednesday will also influence trading in the equity market.
“In the near future, the last Budget before the 2024 election, Q4 earnings, and the monthly auto sales number will be the key events that the market will be looking for in January …
Posts in category Business Standard
China Covid, macro data, global trends to drive markets this week: Analysts (01-01-2023)
FPI inflow continues in Dec; equities corner Rs 11,119-cr investment (01-01-2023)
Foreign investors pumped in Rs 11,119 crore in the Indian equities in December, making it the second consecutive monthly inflow, despite increasing concerns over the re-emergence of Covid-19 cases in some parts of the world.
However, foreign portfolio investors (FPIs) have turned cautious in recent days.
The inflow in December was much lower compared to Rs 36,239 crore invested by FPIs in the month of November, data with the depositories showed.
“Despite correction in the markets, increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US. FPIs remained net buyers in the Indian equity markets (in December),” Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said.
Also, in the midst of the ongoing uncertainty, many investors would have also chosen to book profits with Indian markets touching all-time high recently.
Overall, FPIs have made a net withdrawal of Rs 1.21 lakh crore from the Indian equity markets
Mcap of eight of top-10 firms jumps Rs 1.35 trn; SBI, RIL major winners (01-01-2023)
Eight of the 10 most valued firms together added Rs 1,35,794.06 crore in market valuation last week, with State Bank of India and Reliance Industries Limited emerging as the biggest winners.
Last week, the 30-share BSE benchmark climbed 995.45 points or 1.66 per cent.
Hindustan Unilever Limited and Bharti Airtel were the laggards from the top-10 pack.
The market valuation of State Bank of India jumped Rs 35,029.1 crore to Rs 5,47,257.19 crore.
The market capitalisation (mcap) of Reliance Industries climbed Rs 31,568.08 crore to Rs 17,23,979.45 crore.
The valuation of Adani Enterprises rallied Rs 24,898.33 crore to Rs 4,39,966.33 crore and that of HDFC Bank advanced Rs 16,535.08 crore to Rs 9,07,505.41 crore.
Tata Consultancy Services’ (TCS) mcap went higher by Rs 11,690.67 crore to Rs 11,92,576.32 crore and that of ICICI Bank gained Rs 8,221.94 crore to Rs 6,21,588.34 crore.
The valuation of Infosys climbed Rs 4,692.01 crore to Rs 6,34,873.16 crore and that of HDFC surged Rs 3,1
Global headwinds, rate hike concerns to keep investors on guard in 2023 (31-12-2022)
Investors are relieved about the returns this year, which happened despite record FPI outflows and are slightly circumspect about the next year considering the headwinds
IDBI Mutual Fund signs agreement to transfer schemes to LIC MF (31-12-2022)
Merger likely to make LIC MF the 22nd largest fund house by AUM
Gold, silver prices rise in early trading; gold selling at Rs 50,350 (31-12-2022)
Silver prices rose Rs 1000 from yesterday’s close and the precious metal is selling at Rs 71,300 per kg
IEX gets shareholders’ nod to buy back shares worth up to Rs 98 crore (30-12-2022)
Indian Energy Exchange (IEX) has got shareholders’ approval through postal ballot to buy back shares worth up to Rs 98 crore.
The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing.
The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore.
The IEX had listed a special resolution — approval for the buyback of equity shares in the postal ballot notice.
The indicative maximum number of equity shares at the buyback price would be 49,00,000.
The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.
Last trading day: Indices end in red owing to fag-end selling amid losses (30-12-2022)
The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it had risen by 258.8 points or 0.42 per cent to a high of 61,392.68
Adani group buys NDTV’s promoters’ stake at 17% premium, takes control (30-12-2022)
Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders Prannoy Roy and Radhika Roy’s stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.
Adani group now holds 64.71 per cent of New Delhi Television Ltd (NDTV), according to a regulatory filing.
The group run by Asia’s richest man Gautam Adani used RRPR Holdings Private Limited, a company that was founded by the Roys and bear their initials in its name, to buy 27.26 per cent shares from Prannoy Roy and Radhika Roy at a price of Rs 342.65 per share, it said.
The price paid to Roys, which translates into Rs 602 crore, is almost 17 per cent premium to Rs 294 a share Adani Group had offered in an open offer to minority shareholders after taking control of RRPR Holdings.
Shares of NDTV closed at Rs 345.60 apiece on the BSE.
Issuing a statement, Adani group said subsequent to change in control, the Board of NDTV has been further strengthened wi
Sah Polymers IPO subscribed 86% on first day, RII subscribed 2.07 times (30-12-2022)
The initial public offer of Sah Polymers was subscribed 86 per cent on the first day of subscription on Friday.
The initial share-sale received bids for 48,04,470 shares against 56,10,000 shares on offer, according to data available with the NSE.
The category meant for Retail Individual Investors (RIIs) received subscription for 2.07 times, non-institutional investors was subscribed fully and Qualified Institutional Buyers (QIBs) 38 per cent.
The IPO has a fresh issue of 1.02 crore equity shares. The price range for the offer is Rs 61-65 a share. Pantomath Capital Advisors is the manager to the offer.
The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel.
The equity shares are proposed to be listed on the BSE and NSE.