BUSINESS
August inflows: India defies market volatility with strong foreign investment
With pressure on Chinese equities, foreign investors are shifting investments towards India, analysts said. They have put in $1.11 billion in Indian equities in August, so far
BUSINESS
NSE adds over 10 lakh active users in July, highest in 13 months
According to data provided by the NSE, the number of active users on their platform rose to 3.19 crore in July, up from the 3.09 crore in June
BUSINESS
Cello World files draft IPO papers with Sebi to raise Rs 1,750 crore
Cello World has filed draft papers with Securities Exchange Board of India to raise Rs 1750 crore via initial public offerings.
BUSINESS
MC Interview: Food inflation surge likely in near term, expect easing by FY24 Q4: Kotak's Suvodeep Rakshit
Tomato prices should soften within the next couple of months. However, there are adverse price risks across cereals, pulses, vegetables, and others
BUSINESS
Bullish on India: India's profit-to-GDP ratio shows the economy is right in the middle of the profit cycle
Robust growth bolstered by private capex over the next few years could push the profit cycle to historical peak and beyond, but near-term may remain volatile
BUSINESS
Rupee sinks to 10-month low, slips below 83
Decline inequity and currency markets across the world continues following gains in crude oil prices. A series of disappointing economic figures from China also weakened sentiment
BUSINESS
SIPs ride the market rally with record 33.06 lakh fresh accounts in July
At the same time, some investors appear to be losing patience, as can be seen from the net tally of new SIP account registrations for July being 15.16 lakh
BUSINESS
As Zomato turns profitable, brokerages rush to raise their target prices
Shares of Zomato Ltd saw a wave of increase in target price by several brokerages after the firm turned profitable for the first time. Meanwhile, many of the brokerages have maintained their ratings on the stock.
BUSINESS
Demat account opening hits 18-month high in July on retail frenzy; total count reaches 12.35 crore
In July, around 30 lakh new demat accounts were opened with two depositories, CDSL and NSDL, about 50 percent more than the previous 12-month average of 20 lakh.
BUSINESS
Record profits but heightened competition: Brokerages retain ratings on IndiGo amid challenges
IndiGo reported its best-ever quarterly net profit of Rs 3,091 crore for the June quarter, driven by record airfares, strong demand, lower fuel prices, and favorable forex movements
BUSINESS
Fitch downgrade scare will be short-lived, say Dalal Street analysts
The stock market may be influenced for a couple of days, suggest experts, but expect to focus to soon shift to fundamentals.
BUSINESS
After a strong rally, mutual funds pare holdings in Indian banks in June quarter
A section of analysts predict that the banking sector will experience a reduction in net profit margins in FY24.
BUSINESS
Sensex, Nifty gain 2.7% in July; analysts cautious about FIIs' future purchases
So far this year, Foreign Institutional Investors (FIIs) have made substantial purchases, totaling $15.25 bn in local equities. Since April, their purchases amounted to an additional $17.73 billion
BUSINESS
Equity cash volumes hit 21-month high in July; derivative segment reaches fresh record high
The combined average daily turnover in the equity cash segments of BSE and NSE stood at Rs 77,943.74 crore between July 1 and July 28, marking the fourth consecutive month of rise.
BUSINESS
Tech biggies fail to charm, foreign institutions pull out $2.12 bn amid demand slump
Wipro and HCL Technology, however, bucked the trend as they reported a spurt in foreign funds flow. FII raised stake in HCL Tech for the third successive quarter and Wipro the second consecutive quarter
BUSINESS
Market breadth hints at consolidation, but long-term outlook stays positive
The Sensex and the Nifty are trading at a valuation of 19.5-20 times one-year forward earnings, which is a premium of over 10 percent over their long-term average valuations. At these levels, the indices can no longer be considered cheap or undervalued
BUSINESS
High price, higher value: Why Sensex at 67,000 is cheaper than Sensex at 58,000
Valuations are currently not as stretched as they were during the high of January 2022
BUSINESS
Public sector banks yet to regain all-time highs after recent rally, surge in m-cap
Analysts cited two reasons for the rise in the market capitalisation of state-owned banks without a corresponding increase in their share prices.
BUSINESS
DIIs sold over Rs 10,000 crore in past fifteen sessions
Analysts have referred to this as profit booking, which comes in the wake of a robust broad based rally that began in April of this year.
BUSINESS
MC Interview: Promising outlook for Indian markets, focus on quality stocks, says Sharekhan's Gaurav Dua
The outlook for the Indian markets in the medium to long term is highly promising, primarily due to the ongoing multi-year economic growth cycle and the anticipated robust growth in corporate profits over the coming years.
BUSINESS
Foreign investors unlikely to go slow on investments in Indian equities soon
Foreign institutional investors (FIIs) pumped $1.22 billion into local equities so far this month, while their investments stood at $6.72 billion in June. This is the fourth straight month when foreign investors remained net buyers
BUSINESS
Bull run in markets drives demat account additions to a 13-month high
Some analysts have advised new investors to exercise caution and carefully assess investment choices, particularly with regard to potentially overvalued small-cap stocks.
BUSINESS
Midcap, smallcap frenzy sends 4 in 10 Nifty 500 stocks 50% down from record highs
Infosys Ltd, Tech Mahindra Ltd, Wipro Ltd, Indusind Bank, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv and RIL are among blue-chip stocks yet to hit their all-time high levels
BUSINESS
Market cap of BSE-listed companies hits fresh record high of Rs 300 lakh crore
So far this year, market capitalization of all listed firms on the BSE gained nearly 6.6 percent, in both dollar and rupee terms. However, brokerages such as Kotak Institutional Equities, Systematix Institutional Equities and CLSA have taken cautious views on the recent rally of Indian markets.
