EARNINGS
MC Interview: Rupee likely to be less volatile next fiscal, says Crisil economist Dipti Deshpande
The US Federal Reserve is considering a slower pace of rate hikes, which could imply lower spill-over risks to the rupee.
EARNINGS
Upbeat Indian markets pin hopes on Union Budget to keep bears at bay
In the past 10 years, on the Budget day, both the Sensex and the Nifty declined five times while they closed higher the other times. In the previous two years, the two benchmark indices closed higher
IPO
Sula Vineyards sets IPO price band at Rs 340-357 per share
The anchor investors bidding will start on 9 December. The firm will start crediting shares on 21 December and the stock will be listed on exchanges on 22 December.
EARNINGS
Domestic investors do about-turn, sell equities worth Rs 6,300 crore in November
From being buyers in the domestic equity markets, DIIs appear to be taking some money off the table as equity markets make record highs. Since the beginning of 2022, DIIs have been buying at an average of over Rs 35,000 crore every month. The pace has slowed down from June 2022.
EARNINGS
Five stocks accounted for over 50% of increase in Nifty’s market cap
The rally over the past two months was not broad based, with limited participation by mid-cap and small-cap stocks.
EARNINGS
Foreign funds send MCap for BSE-listed companies to record Rs 287 lakh crore
Sensex and Nifty hit record highs on Tuesday. Indian markets are defying global weakness and touching all-time levels on the back of renewed interest from FIIs as the Indian decoupling story continues to play out, said one analyst.
EARNINGS
Cement sector to stage demand, earnings recovery: Brokerages
The cooling of fuel costs and the Union government’s construction spree in the run-up to the 2024 general elections are expected to help margins and volumes.
EARNINGS
Investors in new-age firms suffer Rs 2-lakh-crore dent in wealth since listing
New-age company stocks have started falling again since last week after the lock-in period for Nykaa and Delhivery shares held by pre-IPO investors lapsed
MARKETS
Five state-run lenders ride on stocks rally to enter 10 most-valued banks league
Analysts attributed the rally in PSU bank stocks to robust earnings, higher credit growth and improvement in asset quality.
BUSINESS
Record High Today: Index may appear relatively cheap, but for how long?
As the Western world is facing recession, some impact will also be on Indian companies. This may lead to plateauing of earnings growth or even a contraction. This along with any further rise in Sensex levels will eventually lead to the expansion of PE.
EARNINGS
Sensex@all-time high: Buffett smell test shows Indian equities fairly valued amid frothy global markets
However, the situation could sour if exports drop or there is a flight of capital due to a narrowing rate gap between the US and India, or global oil prices gallop.
EARNINGS
Equities likely to keep up the rally riding on price drop in crude oil, commodities
The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts
EARNINGS
Investors await Kaynes Technology listing today as defence IPOs fetch heavy returns
Grey market premium of the Kaynes Technology trading massive 40 percent higher or at Rs 235 a share. The IPO has set an issue price at Rs 587 a share
EARNINGS
Debt repayment gets harder for small-cap, midcap companies, finds a Moneycontrol analysis
Midcap and small-cap companies are facing challenges and earnings have not recovered as expected amid accelerating inflation and interest rate increases
EARNINGS
Hindustan Zinc approves second interim dividend of Rs 15.50 for FY23
The total dividend payout will be worth Rs 6,500 crore. November 24 is the record date for the same.
MARKETS
Nifty100 ESG underperforms Nifty so far this year
Analysts say the underperformance of the Nifty100 ESG index is due to poor returns on IT stocks like Tata Consultancy Services, Infosys, HCL Technologies and Wipro and financial heavyweights including the HDFC twins and Kotak Mahindra Bank
EARNINGS
Why mid- and small-cap indices have missed the recent rally
Both the BSE MidCap and SmallCap indices were nearly 3.3% off their recent high hit on September 15. The BSE MidCap is 5.5% away from its all-time high of 26,952.13 points it hit on October 18, 2021, while the BSE SmallCap is 6.1% away from its record high of 31,140.28 recorded on January 17, 2022.
MARKETS
Rupee gains the most in four years as US inflation cools
The Indian rupee touched 80.74 to dollar, up 1.31% from its previous close of 81.81, its biggest gain since December 18, 2018
EARNINGS
More than 140 companies issue bonus shares in 2022, highest since 2006
According to analysts, the surge in bonus issues this year was due to a change in the tax rules aimed at stopping the practice of bonus stripping, which kicks in on April 1.
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
