To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities.
Posts in category Economic Times
66,92,534% gain in a trading day? Yes, that’s Elcid (30-10-2024)
So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday’s trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.
Large-caps likely to outperform mid- & small-caps in Samvat 2081 (30-10-2024)
Unique investors on the NSE rose by 2.14 crore since last Diwali, reaching a record high of 10.37 crore as of September 30, 2024. However, Indian markets may not be able to replicate the returns of the past year unless foreign investors come back strongly. Large-cap stocks may outperform mid-caps and small-caps.
Daiichi-Singh Brothers Dispute: Delhi HC orders auctioning of Fortis trademark (30-10-2024)
Justice Sachin Datta passed the order on an application filed by Daiichi Sankyo seeking the sale of the Fortis trademark, owned by RHC Healthcare Management Services which is one of the judgment debtors in the matter.
Investors bank on larger lenders, again (30-10-2024)
The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.
As price jumps, gold buyers keep it light this Dhanteras (30-10-2024)
Jewellers report a 10-15% drop in gold demand by volume this Dhanteras. Consumers prefer lightweight and diamond-studded jewellery. Despite this, value sales of gold rose by up to 25%, helped by high prices. Silver jewellery demand increased by 30-35%. Young buyers returned to stores, attracted by high returns on precious metals.
Afcons Infra’s Rs 5,430-crore IPO subscribed 2.63x (29-10-2024)
The non-institutional investors or high net worth investors category was subscribed 5.05 times. The IPO comprised a fresh issue of up to ₹1,250 crore and an offer of sale up to ₹4,180 crore by promoter, Goswami Infratech.
SBI now cautious, selective about lending to NBFCs, says Ashwini Kumar Tewari (29-10-2024)
State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The bank is focusing on better-quality NBFCs, renewables, and real estate sectors for corporate loans. Renewable energy and real estate projects are showing strong growth, while thermal power and SME rooftop solar projects are also receiving support.
Microfinance loans continue to weigh on banks (29-10-2024)
Indian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microfinance sector for several more quarters. Overleveraging and rural economic slowdown are cited as major reasons, leading to increased provisions and cautious disbursement strategies.
Cipla Q2 hit by seasonal chill, but investors need not worry (29-10-2024)
Cipla’s September-quarter performance saw a 5.6% increase in consolidated net sales and a 15% rise in net profit despite slow seasonal growth in the anti-infectives category. The company expects a resurgence in growth due to seasonal respiratory illnesses and plans to address supply challenges and facility remediations in upcoming quarters.