BUSINESS
Government bonds to experience high volatility due to MPC's OMO strategy, says Venkatakrishnan Srinivasan of Rockfort Fincap
The market expert expects benchmark 10-year bond yields to hover between 7.20 percent and 7.45 percent.
BUSINESS
Demat accounts rise 26% to 12.97 crore in Sept as local equities pay off
September marked the highest number of IPOs in 13 years, with 14 companies going public, the most since September 2010, with a cumulative collection of around Rs 11,800 crore, the highest since May 2022, when eight issues raised Rs 29,511 crore
BUSINESS
US yield, volatility surge push Indian equities to 5-week low; global cues dragging markets
August job openings reached 9.6 million, surpassing the expected 8.8 million, reigniting concerns about a tight labour market. Investors’ attention will be on the September ADP and ISM services data
BUSINESS
SME IPOs reach all-time high in September
In September, a record number of small and mid-sized enterprises went public, with 37 companies raising over Rs 1000 crore, the highest since SME IPOs began in 2012, as per Prime Database data.
BUSINESS
Advance-decline ratio hits 5-month high, sustaining positive momentum amid turbulence
The average advance-to-decline ratio of all BSE stocks in September stood at 1.20 — the highest level since April 2023
BUSINESS
Sailing through tough times: Average daily turnovers in cash hit record highs in September despite turbulent market
The combined ADTV for NSE and BSE reached Rs 91,710 crore while the combined F&O turnover hit Rs 326 lakh crore during the month.
BUSINESS
FIIs sell $1.6 billion in local equities in September, highest selling since January
Investors are concerned about the potential for prolonged global interest rate hikes and the impact of higher oil prices.
BUSINESS
Rupee, bond prices opens higher after JP Morgan's inclusion of Indian bonds
JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index (GBI-EM) starting June 28, 2024
BUSINESS
NSE adds over 8 lakh active clients in August as count goes up for second straight month
According to NSE data, the number of active users on the platform rose to 3.27 crore in August, up 2.5 percent from 3.19 crore in July.
BUSINESS
JP Morgan's Indian bond inclusion likely sparks foreign investment surge
Inclusion in this global benchmark is a major win for India, as it attracts a significant pool of global capital for bond allocations, leading to increased foreign exchange inflows.
BUSINESS
India's twin deficit challenge resurfaces as crude heads north
According to Nomura, a 10 percent increase in crude price leads to a 0.3-0.4 percentage point rise in CPI inflation, a 0.1 percentage point decrease in GDP growth and a deterioration of the current account balance by approximately 0.4 percent of the GDP
BUSINESS
Foreign funds sell off $800 mn in equities in 4 sessions, despite Nifty rally to record high
Some analysts believe that select mid and small-cap stocks still have potential for growth due to improved revenue prospects, even though their valuations may be somewhat concerning in absolute terms.
BUSINESS
Nifty hits 20,000-mark for first time ever; domestic, foreign investors pour in money
In the current market environment, valuations pose challenges, emphasising the importance of careful stock selection and risk management, say analysts
BUSINESS
IRFC on a new high, is 10th most-valued PSU after m-cap crosses Rs 1 lakh crore
IRFC is now the 10th most valuable state-run enterprise in the country, surpassing Bharat Electronics Ltd, Bank of Baroda, and Gail India Ltd
BUSINESS
Over 90% stocks in Nifty 500, midcap, smallcap trading above 200 DMA
Currently, around 452 or 90 percent firms in Nifty 500, around 95 in Nifty Midcap 100 and 90 in Nifty Smallcap 100 are trading above the 200 DMA. Analysts say this indicates that they are potentially nearing an overbought zone
BUSINESS
L&T crosses Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco's order win
The Rs 10,000 crore buyback plan, equivalent to around 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, boosts confidence in L&T. It remains Citi's top choice for the medium term.
BUSINESS
Demat account openings hit 19-month high in August amid mid, smallcap rally; total count crosses 12.66 crore
About 31 lakh new demat accounts were opened last month compared to 29.7 lakh additions a month ago and 21 lakh a year ago.
BUSINESS
OMC shares tumble 3-10% since Aug amidst crude surge, lower Russian discount
Oil marketing firms are grappling with a tough Q2 of FY24 as Brent crude prices rise while retail fuel prices remain stable. This is likely to affect their profits due to shrinking gross marketing margins, with a 45% drop in petrol margins in Q2.
BUSINESS
Nifty MidCap breaches 40,000 mark first time, SmallCap index scales record high
The Nifty MidCap 100 index gained in 13 out of 15 sessions, while Nifty SmallCap index was in green in 12 out of 15 sessions. The indices jumped 6 percent and 8.4 percent during this period and advanced 27 percent and 30 percent so far this year
BUSINESS
IDFC First joins elite club of 10 most valuable listed banks in India
The shares of IDFC First Bank scaled a record high of Rs 98.99 each, keeping up the rally for the fourth straight trading session on September 4. With a 67 percent surge so far this year, it leads all listed banks
BUSINESS
Who is worried about Nifty, Sensex volatility? No, not the investors
The rise in investor participation amidst modest movements in benchmark indices show retail investors are focusing on fundamentally strong stocks that have been performing poorly, say analysts.
BUSINESS
DIIs invest over Rs 1 lakh crore in Indian equities so far this year
The trend of investment by domestic institutions (DIIs) turned volatile since March. The January-March period saw monthly average purchases of over Rs 27,000 crore in contrast with the April-July average of Rs 717 crore per month in Indian equity markets
BUSINESS
Rupee in gradual descent; targeting 84 over next six months amid dollar strength, says Finrex’s Bhansali
The rupee may be allowed to slowly weaken towards 84 in the next six months if the current situation of dollar strength and CNH weakness persists, said the treasury head and executive director of Finrex Treasury Advisors
BUSINESS
Riders of the Storm: These 337 names delivered over 500% returns since Covid
Some 213 stocks registered up to 1,000 percent growth, and 107 counters saw up to 5,000 percent spike. For 10 stocks, gains shot up to 10,000 percent and six had up to 20,000 percent surge. One stock saw a mind-blowing 26,000 percent rise
