BUSINESS
Risk-on for foreign investors: Fed rate cut done; valuation, earnings to drive FII sentiment towards India
Notwithstanding the US Fed rate cut, FIIs inflows into Indian markets will largely hinge on valuation, potential earnings growth, and sector-specific opportunities.
BUSINESS
US Fed cuts rate by 50 bps; Indian markets react cautiously amid global slowdown concerns
The big bank rate cut by the US Federal Reserve is expected to facilitate flows to the emerging market assets such as India with weaker dollar and lower rates.
BUSINESS
SBI raises Rs 7,500 crore via Basel III compliant tier-2 bonds at 7.33% coupon rate
SBI’s market valuation is well over Rs 7 lakh crore at the latest share price, while the stock has jumped nearly 24 percent so far this year since January.
BUSINESS
Bajaj Housing Finance shares hit 10% upper circuit, post-IPO gains at 159%; brokerage says ‘buy’, check target price
Bajaj Housing Finance share has got its first 'buy' rating after a record-breaking IPO and a bumper listing. PhillipCapital sees further upside in the stock, citing the firm's focus on the ‘desirable’ sweet spot for many home loan aspirants.
BUSINESS
Oberoi Hotels group to acquire Pune firm to develop Trident Hotel, commercial complex at about Rs 1,000 crore
EIH Ltd, the flagship company of the Oberoi group, will acquire a 51 percent equity stake in Pune-based hospitality and commercial real estate firm Muttha Towers II Pvt Ltd.
BUSINESS
Reliance Industries extends last date for paying call money on partly paid shares to October 7
Investors whose partly-paid shares will be forfeited will not be eligible for Reliance Industries' recently announced bonus issue on those shares.
BUSINESS
From August sell-off to September caution, analysts seem to be favouring safety and stability
Markets hit new highs in August but show signs of fatigue. Investors watch for potential US Fed rate cuts but worry about high valuations and yen strength. Analysts' find select opportunities amid valuation concerns in markets.
BUSINESS
Indigo Paints block deal: 25% stake sold for Rs 1,750 crore, Peak XV sells part equity; stock falls
Indigo Paints equity stake was sold in block deals on 6 September, with Peak XV Partners likely offloading a part of their shareholding.
BUSINESS
Indian Oil, BPCL, HPCL stocks get price target upgrades from Morgan Stanley; global, domestic tailwinds eyed
Morgan Stanley has raised target prices on India's PSU oil marketing stocks, citing global and domestic tailwinds like an oversupplied oil market and strong fuel demand. The brokerage sees HPCL as its top pick, expecting a 22% upside.
BUSINESS
US banks could link with India’s UPI to expand fast payments: Fed's Waller
The US may link some of its private banks to India’s Unified Payments Interface (UPI) to develop a fast payments network, said Federal Reserve Governor Christopher Waller. He noted that connecting with UPI could help address the US's current lack of sufficient bank connections.
BUSINESS
Fed Chair Jerome Powell signals interest rate cut at Jackson Hole: 'Time has come', inflation risk has shifted
The US Fed Chair Jerome Powell, at the Jackson Hole address, hinted at possible interest rate cuts, shifting focus from inflation to the labour market, as risks to employment rise.
BUSINESS
Sebi-Hindenburg controversy: A timeline of allegations, the Buchs’ defence and market reaction
Sebi chair Madhabi Puri Buch said she made all required disclosures, and no conflict of interest exists.
BUSINESS
MSCI lifts restrictions on Adani Group stocks in August 2024 index review
MSCI has lifted restrictions on the treatment of Adani Group stocks, resuming updates to their free float status and other metrics in its August 2024 Index Review. The changes also include reduced weightage for Adani Enterprises and Ambuja Cements in the Standard Index.
BUSINESS
Hindenburg alleges SEBI chair Madhabi Buch’s consulting firm earned many times more money than her salary
Hindenburg Research alleged that SEBI chairperson Madhabi Puri Buch has a 99% ownership in an Indian consulting firm, which earned nearly Rs 2 crore; it also said that she had a 100% ownership in a Singapore consulting firm before transferring the ownership to her husband.
BUSINESS
Analyst Tracker: Markets losing steam after July rally, moderate Q1 earnings; investors cautious on valuation
Market experts are cautious on market valuations, and that shows in Moneycontrol’s Analysts’ Call Tracker for July. The banking sector, which earlier dominated the optimism list, has lost some grip. IT sector has seen some improvement, but still faces significant pessimism.
BUSINESS
Explained: If Iran-Israel conflict escalates, what happens to India's stocks, oil and gold
Crude oil prices have been in a downturn, but a flare up of Iran-Israel conflict may stem the fall. If Iran escalates the tensions, it could impact countries dependent on oil imports, such an India and China.
BUSINESS
FM Sitharaman cracks down on F&O trading in Budget 2024, raises STT; also tightens capital gains tax regime
Stocks plunged as Finance Minister Nirmala Sitharaman raised taxes on equity and derivatives trading. She also increased short-term capital gains and long-term capital gains taxes.
BUSINESS
Speculative trading has no place in a developing country like India: Economic Survey
Economic Survey 2024 noted that any potential fall in stock markets could make investors feel "cheated” and deter them from returning to capital markets for a long time.
BUSINESS
NSE trims list of securities eligible as collateral by over 1,000, making F&O trading harder
NSE will eliminate more than 1,000 securities acceptable as collateral, leaving only about 730 counters for F&O and intraday traders to pledge for margin trading facility.
BUSINESS
Samir Arora’s Budget not-to-do list: Don't tinker with capital gains tax, don't take investors for granted
Economic reforms alone may not always translate into market-friendly practices, says Samir Arora, calling for not making abrupt changes to the long term capital gains tax regime.
BUSINESS
Analyst Tracker: Banks take markets to new highs in June, all eyes on earnings for valuation comfort
Markets have been on a tearaway rally, with both benchmark and broader indices making a series of fresh highs. Upcoming Q1 earnings will show if the valuations hold. Moneycontrol Analysts' Call Tracker for June shows what analysts think of stocks across various sectors.
BUSINESS
How stock markets performed under various coalition governments
An analysis of performance of stock markets over different coalitions puts UPA 1 and UPA II on top of the chart.
BUSINESS
IT stocks earnings upgrades fail to turn analysts’ pessimism on the sector into optimism
Despite mixed Q4 results, IT stocks gained favourable outlooks due to strong future prospects, whereas auto stocks experience downgrades amid concerns over future performance.
BUSINESS
Markets shrug off election results shock, embrace NDA coalition; now eye policy continuity for upside
As markets absorbed the news of the NDA coalition winning the majority, the initial fears of instability gave way to optimism. Markets have sharply rebounded, realising that the NDA coalition government could still be stable.
