BUSINESS
Stock exchange daily cash volumes fell over 20% in FY23, most in 11 years
Volumes in the derivative segment remained close to all-time highs in every month since last year.
BUSINESS
Indian equity market follows global trend, 1-year forward PE trades below 10-year average
The BSE Sensex is currently trading at 19.05 times its one-year blended forward earnings, at a discount of nearly 140 basis points to its ten-year average of 20.48 times. The Nifty50 index is trading at 18.09 times its one-year forward earnings, below its ten-year average of 19.93 times.
BUSINESS
India sees steepest m-cap drop among world's top markets in March quarter
Aggregate market capitalisation falls 11 percent, the biggest since the March 2020 quarter, even as global markets stay in green despite rate-hike worries. Indian markets are likely to see more selling pressure amid falling global markets and expensive valuations, say analysts
BUSINESS
Block deals become a bother with too many shares flooding the Street
Market participants expect the trend of block deals to intensify given the uncertain macro-economic outlook both at the global and domestic level
BUSINESS
Tata Technologies files draft paper with SEBI to raise funds via IPO
The issue comprises a pure offer for sale of upto 95.71 million shares by its existing promoters and shareholders.
BUSINESS
Demat account openings hit a 3-month low as retail investors shy away from equities
The total demat tally in February crossed 112.54 million, up just 1.88 percent from a month ago and a 30 percent jump from a year ago
BUSINESS
Divgi Torqtransfer sets IPO price band at Rs 560-590 a share
Divgi Torqtransfer Systems has set a price band for its share sale at Rs560-590 a share.
BUSINESS
Indian equity markets struggle to attract retail investors amid volatility after budget
Analysts noted that retail participation remains low due to expensive valuations and fears of a potential cut in earnings in the March quarter
BUSINESS
Divgi Torqtransfer IPO, the first public offering of 2023, opens March 1
Automotive component maker Divgi Torqtransfer has cut the fresh issue size to Rs 180 crore from Rs 200 crore announced earlier but increased the offer for sale size to 3.93 million shares from 3.15 million
BUSINESS
Rs 3.88 lakh crore of investor money gone! What spooked market?
Both the benchmarks - Sensex and Nifty lost nearly 1.53% each at closing. So far this year, Sensex and Nifty have lost around 1.75% and 3.04%, respectively.
BUSINESS
FIIs buy $931 million worth of stocks over 6 days; sign of renewed interest in India?
Foreign investors prefer higher economic growth over valuation and are thus willing to give a premium to the Indian markets, an analyst said
BUSINESS
FIIs invest $840 million in debt so far in 2023: Will the trend continue?
The interest rate differential and the government’s resolve on fiscal consolidation have attracted investors to bonds.
BUSINESS
FIIs continue to sell shares in Adani Group companies
Since last week, investors have lost over $100 billion of market value in the Adani group after US short seller Hindenburg Research accused the company of using tax havens and flagged debt concerns in a report.
BUSINESS
Sensex, Nifty underperform global equity indices in January
Both Sensex and Nifty have declined 2 percent each in January so far. Major equity markets started gaining since the start of this year.
BUSINESS
Equity cash volumes hit 7-month low in Jan but derivatives segment firms up
Cash volumes drop 16 percent over the previous month as investors turn cautious due to volatility ahead of Budget 2023; fall 18.5 percent in 2022 to register their first drop since 2013
BUSINESS
Record gold prices fail to cheer Muthoot Finance, Manappuram shares
The biggest gold loan companies are facing competition from banks and fintech companies.
BUSINESS
FIIs sell off more than $1 billion in local equities in first 8 sessions of 2023
Investors will eye the impact of the rate hike by the US Fed on economic growth. While the continuing Ukraine-Russia war may further impact commodity prices, a resolution of the conflict could be a sentiment booster, analysts say
BUSINESS
What is wrong with brokerage stocks?
Many brokerage houses have added fewer clients and seen moderate participation by existing clients. In the last year, shares of ICICI Securities have lost 29%, 5 Paisa 22%, IIFL Securities 37%, Geojit Financial Services 37%, Emkay Global 28%, Motilal Oswal Securities 23% and Edelweiss Financial 11%
BUSINESS
Tata Technologies unlisted stock jumps 30% over three weeks
Tata Technologies is one of the blue-chip stocks in the unlisted space, which investors seem to prefer over the new-age and loss-making businesses
BUSINESS
Domestic institutions dare raging volatility, buy equities worth Rs 24,159 crore
In December, equity mutual funds recorded a healthy inflow of Rs 10,895 crore, while in November, systematic investment plans (SIP) reached an all-time high of over Rs 13,306 crore
BUSINESS
2022 IPOs: Investors learn profitability, not narrative, is the key
A majority of the new issues in 2022 were either fully priced or overpriced. That did not seem to matter much when the market was booming. But as globally sentiments for equities soured, markets became a great teacher.
BUSINESS
Qualified institutional placements lose the charm as volatility dampens market sentiment
Fundraising through QIPs declined 72 percent year on year (YoY) -- its steepest fall since 2018. IPOs, on the other hand, have been a popular route this year. However, even IPO mop-ups have fallen dramatically, compared with 2021
BUSINESS
BSE MidCap, SmallCap indices turn negative so far in 2022, trade in red in 6 out of 7 sessions
In the last six sessions, BSE MidCap lost over 6.3% and BSE SmallCap declined 7.8%. Year to date, both indices have slid 0.7% and 6% respectively
BUSINESS
This little-known stock posts biggest surge with shares rising 2,277% this year
Shares of this coal trading and infrastructure company have surged more than 20 times this year. Beginning 2022 at Rs 3, the share price is now Rs 70
