Posts in category Business Standard
Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13 (13-05-2024)
All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.
Stocks to Buy: Here’s why Anand Rathi suggests HAL, Titan, Aegis Logistics (13-05-2024)
Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price
Nifty 50 staging rebound on charts in near term, buy dips; key levels here (13-05-2024)
The Nifty 50 Index, currently trading at 22,055.20, has recently undergone a sharp correction, leading to oversold conditions on near-term charts
Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking (12-05-2024)
Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking.
Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi).
As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month.
The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore.
"In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...
FPIs withdraw Rs 17,000 cr from equities in May over political uncertainty (12-05-2024)
Foreign investors pulled out a massive Rs 17,000 crore from Indian equities in the first 10 days of the month owing to general election and the uncertainty surrounding its outcome coupled with expensive valuations and profit booking.
This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields.
Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Looking ahead, post-general elections, corporate India's strong financial performance in Q4 FY24 is anticipated to be rewarded.
While FPIs may adopt a cautious stance until the election results are clear, favourable outcomes and established political stability could see their return in significant numbers, Trivesh D, COO at Tradejini, said.
According to the data with the depositories, Foreign Portfolio Investors (FPIs) experienced a net outflow of Rs 17,083 crore in equities
Mcap of 6 of top-10 most valued firms decline by Rs 1.73 trn; HDFC lags (12-05-2024)
The combined market valuation of six of the top-10 most valued firms eroded by Rs 1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities.
Last week, the BSE benchmark tanked 1,213.68 points or 1.64 per cent.
The market valuation of HDFC Bank slumped Rs 60,678.26 crore to Rs 10,93,026.58 crore.
LIC's valuation tanked Rs 43,168.1 crore to Rs 5,76,049.17 crore.
Reliance Industries faced an erosion of Rs 36,094.96 crore to Rs 19,04,643.44 crore from its market valuation.
The market capitalisation (mcap) of ICICI Bank declined by Rs 17,567.94 crore to Rs 7,84,833.83 crore, and that of State Bank of India went lower by Rs 11,780.49 crore to Rs 7,30,345.62 crore.
ITC's valuation dipped by Rs 3,807.84 crore to Rs 5,40,838.13 crore.
However, the mcap of Hindustan Unilever climbed Rs 33,270.22 crore to Rs 5,53,822.16 crore.
Tata Consultancy Services (TCS) added Rs 20,442.2 crore, taking its valuation to Rs ...
Inflation data, Q4 earnings, trends to drive markets this week: Analysts (12-05-2024)
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said.
News flows around the general election would also be tracked by investors, market experts said.
Besides, investors would also take cues from the trading activity of foreign investors, the movement of global oil benchmark Brent crude and the rupee-dollar trend.
"Investors will be bombarded with economic data on both domestic and global fronts. Domestically, watch for Consumer Price Index (CPI) and Wholesale Price Index (WPI). Globally, focus will be on the US Producer Price Index (PPI) and Consumer Price Index (CPI) figures.
"Additionally, Federal Reserve Chair Jerome Powell's speech will be a key event to watch. China's industrial production data and Japan's GDP figures round out the important releases for the week," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Vinod Nair, Head of Research at Geojit Financial Services, sa
Gold price climbs Rs 10 to Rs 73,700, silver rises Rs 100 to Rs 87,800 (11-05-2024)
The price of 22-carat gold inched up Rs 10, with the yellow metal selling at Rs 67,560
FIU-India to lift ban on world’s largest crypto exchange Binance soon (10-05-2024)
Director bats for self-regulatory mechanism
NSE shares soar nearly 30% in unlisted market after bonus and dividend (10-05-2024)
Shares gaining investor interest post robust results, dividend of Rs 90 per share