Indian stocks rebound after a six week unprecedented decline (barring the Covid crash), a round up of the top Indian districts most exposed to US tariff threats, small merchants may get GST relief in order to keep them in digital payments fold, NHAI begins work on its InvIT IPO and a hi-tech factory floor assistant is revealed. Tune in to today’s edition of Moneycontrol Editor’s picks.
Nifty and Sensex staged an impressive comeback on November 29, recouping losses from the previous session's selloff as a surge in pharma, infra, energy, and auto stocks lifted market sentiment, setting the stage for a strong close to the week. Here’s a look at the top gainers and losers in trade today #sensex #nifty #stockmarket #stocks #sharemarket #equity #nse #bse
Given India’s stock market’s lofty valuations, a shift to a positive outlook for China’s economy along with an undervalued economy create conditions for funds to flow from one to the other
Mirae Asset Investment Managers (India) manages total assets worth over 1.64 trillion rupees ($19.79 billion), with Surana managing about a third at 540 billion rupees.
In the months following the Covid lows, rookie investors fared better than experienced players because the new entrants asked fewer questions and blindly bought into a rising market. But now it could be the turn of the battle-scarred veterans
Overall market sentiment for one. Appetite for risk among HNIs has gone up with the Nifty now within sight of a record. The matter of expensive valuation remains though
The Federal Reserve said in its financial stability report on Monday the system overall remained stable, but flagged banking system pressures, real estate stress and persistent inflation
Mutual fund investors are going slow, and fund managers have been griping about patchy inflows into equity schemes. Debt appears to be a better bet for the time being
There has been a risk-on rally in metals, which remains a major theme. In what could be a major relief to bulls, FII selling has decreased, and there has been a fair amount of short covering in the F&O segment as well
The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.
Holdings of foreign investors in long index futures have risen by about six times from their September lows, to 127,000 contracts, while short bets have dropped 76% over the same period to 38,600 lots -- the least bearish positioning since April.
The rapid ascent has made some investors uncomfortable, and a number of indicators are flashing warning signs.
Shares of the power utility climbed almost 125 percent this year, boosting its market capitalisation to Rs 4.4 trillion on Friday, surpassing LIC and ITC
DIIs have been booking profits, and sitting on cash even as SIP flows have sustained through the volatility. However, in the event of another round of FII selloffs, the DII’s cash-pool can provide some support to the markets
The NSE Nifty 50 index was down 0.02% at 17573.1, as of 0400GMT, while the S&P BSE Sensex fell 0.04% to 58,998.17.
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"The whole South Asian market is really untapped for the Islamic finance. In these markets, Indian stocks would be the top fifty (for investments)," said Ariff Sultan, regional director for Asia Pacific at the US-based global Shariah compliance product screening group, IdealRatings.
"The (Indian) market has rebounded time and time again, and it is hoped that as the global financial markets settle down, India can become the leading investment destination owing to its robust macroeconomic fundamentals," as per the 2015-16 report card of the state of the economy tabled by Finance Minister Arun Jaitley in Parliament today.
Trailing behind China in second place, India's Sensex finished up 29 percent in what has been a milestone year for the market that hit an-all time high in November.
Global emerging market investors' exposure to India is well above historical levels, according to a Bank of America Merrill Lynch fund manager survey released this week. Exposure to India is now around three standard deviations above the mean relative to its history.
India's Nifty 50 surged 32 percent year to date and is Asia's best performing index. By contrast, the second-best performing index, the Shenzhen Stock Exchange Composite index, is up 28.72 percent, while last year's standout, Japan's Nikkei, is only up 1.5 percent.
The rupee recovered from lows to snap two sessions of losses on Tuesday on bunched up dollar sales related to foreign fund inflows, even as another economic indicator pointed to continued uncertainty over a revival.
Concerns about delayed growth recovery, rising vulnerabilities for the economy and the country's external funding environment has led to Goldman downgrading India
Dhiren Sarin, Technical Analyst, Barclays is bullish on Nifty and sees it gaining 5 percent in next few days. He further said that in his view the trading range for rupee would be at 58-60 per dollar and he would prefer buying gold for short term.
Traders are warily watching Indian stocks with heavy foreign ownership as they are ones expected to fall further should selling from overseas funds accelerate.
