EARNINGS
Domestic investors' holding scales 3-year highs in September quarter
FIIs have lost out in the tug-of-war with DIIs largely because foreign investors have been sellers of banking stocks, which have done very well
IPO
IPO Watch: These 4 open next week, to raise Rs 5,020 crore as market stays buoyant
Archean Chemicals Industries Ltd, Five Star Business Finance Ltd, Kaynes Technology India and Inox Green Energy Services will be out next week. More IPOs are lined up for mid-November
MUTUAL-FUNDS
Domestic investors sell off Rs 5,540 crore of equities in last eight sessions
This selling is despite the Sensex and Nifty trading near record highs. Over the last 15 sessions, the benchmark indices jumped over 6 percent
IPO
Five Star Business Finance sets IPO band at 10.6% discount to unlisted market price
Its shares have dropped 35% in the grey market from their peak of Rs 730 a share in October 2021. Five Star Business is not the only one to set the IPO band lower than the unlisted market price.
IPO
Five Star Business Finance IPO to open on November 9: Check details
The south-based lender has cut its IPO size to Rs 1,960 crore from Rs 2,752 crore earlier planned. The issue will be a pure offer for sale
IPO
FIIs buy India stocks worth $1 billion in last six sessions
Between October 20 and 28, FIIs bought $923 million in equities, according to data from NSDL. Provisional data from the National Stock Exchange showed that on October 31, foreign investors bought around Rs 4,178.61 crore in Indian equities.
IPO
Four IPOs aim to raise over Rs 4,500 crore next week
Bengaluru-based DCX Systems Ltd, cardiologist Dr Naresh Trehan-promoted Global Health Ltd, Bikaji Foods International Ltd and Fusion Micro Finance Ltd are looking to raise funds in the primary market
IPO
Fusion Micro Finance IPO opens for subscription on November 2
The IPO, which will close on November 4, consists of a fresh issue of Rs 600 crore and an offer for sale of up to 13.70 million shares
IPO
Medanta hospital chain IPO to open on November 3
The IPO, which will close on November 7, consists of a fresh issue of Rs 500 crore and an offer for sale of up to 50.76 million shares by shareholders and promoters
IPO
PharmEasy’s annus horribilis may get worse before it gets better
The funding winter confronting startups this year owing to surging global interest rates, the capitulation of technology stocks amid fears of a recession in the West and increasing investor dislike for loss-making, cash-burning companies has hit the online pharmacy giant hard.
EARNINGS
Early birds: Revenue rises on price hikes; margins crimped on rising costs
Although commodity costs declined in the September quarter, they are expected to stay high due to a lag effect.
IPO
DCX Systems IPO to open on October 31; here are the details
The firm said the basis of allotment of shares will take place on November 7 and credit of equity shares to the depository is slated to be held on November 10. The scrip will be listed on November 11 on exchanges.
INDIA
Indian markets on track to outsmart global peers in Samvat 2079
With Indian inflation expected to stay high next year, analysts suggest investing in stocks and sectors that give the best returns in volatile markets
IPO
31 of 44 shares listed since last Diwali trade above their issue price
The underperformers were mainly new-age companies that had weak cash flows or those that were priced aggressively, according to one analyst.
INDIA
These risky stocks gave multi-bagger returns since last Diwali
Investing in penny stocks can be tricky. It could backfire in most cases if proper research is not carried out.
EARNINGS
Tech in trouble, yet some IT stocks trade above their 10-year PE averages
Though they are the biggest laggards this year, headwinds in the IT sector are expected to peter out by end-FY23, thus helping improve margins.
EARNINGS
TVS Motor vrooms past Hero MotoCorp to be 6th most-valued auto company
Analysts believe TVS will keep on delivering superior earnings growth compared to other two-wheeler OEMs due to a combination of new models, revenue diversification as well as its commitment to electric vehicles
EARNINGS
TVS Motors, Varun Beverages among 5 stocks in contention for inclusion in MSCI indices
MSCI will announce the results of its semi-annual index review on November 11 and adjustments will take place on November 30.
MARKETS
Rupee settles below 82 per dollar mark for first time
Rupee Vs Dollar: The Dollar Index bounced back from 109.80 levels to 112.12 in the last one month. Traders are now awaiting the US non-farm payroll and unemployment rate data due later on Friday.
BUSINESS
IPOs worth Rs 5,000 crore could lapse as SEBI nod expires this month
Analysts expect as many as four firms may let the IPO approvals lapse: One Mobikwik Systems, Skanray Technologies, Penna Cement Industries, and ESAF Small Finance Bank
BUSINESS
Sensex, Nifty have fallen over 6% since last Dussehra, first time in 12 years
Despite the headwinds, the Indian market will continue to outperform global peers as the country has shown consistent improvement in macroeconomic data, analysts say
BUSINESS
Yes Bank Chief Economist expects RBI to raise rates by 35 bps in December
Indranil Pal does not expect liquidity to be a major concern going ahead, and feels that if any corporate has expansion plans in the next few months, it may be better to tie up domestic funding sources as external borrowings may not be an option at the moment. Global interest rates are on the rise and the Rupee depreciation will also weigh on external borrowing costs.
IPO
Airox Tech files IPO papers, aims to raise Rs 750 crore
The IPO will be a pure offer for sale of upto Rs 750 crore by its existing shareholders and promoters. The OFS comprises of upto Rs 525 crore by Sanjay Bharatkumar Jaiswal and Rs 225 crore by Ashima Sanjay Jaiswal.
MARKETS
DIIs turn net buyers in Indian equities despite worsening risk sentiment
Indian markets have dropped for nine out of the last 12 sessions. Both the Sensex and Nifty have lost around 6.3 percent each since September 13. The Sensex dropped around 3,765 points while the Nifty declined 1,136 points over this period.
