Page 1368 - Markets News
FPIs invest nearly Rs 7,200 crore in Indian equities in March so far
Excluding this, FPI activity in equities represents a strong selling undercurrent
 "FPIs invest nearly Rs 7,200 crore in Indian equities in March so far")
Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard
Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit
 "Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard")
Markets to track factors in holiday week; may face volatility: Analysts
Stock markets may face volatility in a holiday-shortened week ahead amid monthly derivatives expiry, besides global factors and foreign fund trading activity would continue to dictate terms
 "Markets to track factors in holiday week; may face volatility: Analysts")
Higher prices, volumes key positives for iron ore miner NMDC stock
The company is likely to push iron ore capacity up, from the current rated 50 MTPA to 70 MTPA, which would leave it well-placed to meet demand in the next up cycle
 "Higher prices, volumes key positives for iron ore miner NMDC stock")
Campus Activewear shares tank 9% after TPG sold entire 7.62% stake
Among the buyers were Fidelity and Societe Generale. Shares of the shoe manufacturer closed at Rs 338 on the NSE, where Rs 1,229 crore shares changed hands
 "Campus Activewear shares tank 9% after TPG sold entire 7.62% stake")
Removal of LTCG tax benefits on debt MFs pushes corporate bond yields
Following govt's latest move, tax would be computed on based the investor's tax bracket; levy could be as high as 30%; Centre's step puts the tax for MF units at parity with that for bank FD
 "Removal of LTCG tax benefits on debt MFs pushes corporate bond yields")
Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts
The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive
 "Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts")
Finance Bill 2023: STT hike on F&O likely to make a dent in volumes
Sebi study for FY22 had shown that 9 out of 10 F&O traders had incurred losses
 "Finance Bill 2023: STT hike on F&O likely to make a dent in volumes")
Sensex, Nifty fall nearly 1% amid weak trend in global equities
In a volatile trade, the 30-share BSE Sensex declined 398.18 points or 0.69 per cent to finish at 57,527.10, with 24 of its constituents posting losses
 "Sensex, Nifty fall nearly 1% amid weak trend in global equities")
India to outperform Asian, EM peers; high valuation a challenge: Chris Wood
Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.
 "India to outperform Asian, EM peers; high valuation a challenge: Chris Wood")
NSE rolls back 6% hike in transaction charges on equity cash, derivatives
The rollback will be effective from April 1, 2023
 "NSE rolls back 6% hike in transaction charges on equity cash, derivatives")
Finance Bill: Centre hikes STT on futures and options trading by up to 25%
STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route
 "Finance Bill: Centre hikes STT on futures and options trading by up to 25%")
GQG Partners' investment in Adani Green Energy soars 100% in 15 days
On March 2, GQG Partners had bought 55.6 million equity shares of AGEL, worth Rs 2,806 crore, at a price of Rs 504.60 per share
 "GQG Partners' investment in Adani Green Energy soars 100% in 15 days")
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months
In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex
 "Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months")
Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%
The board at its meeting held on February 9, 2022 has approved the Composite Scheme of Arrangement of the company for issue of bonus NCRPS and demerger of manufacturing undertaking.
 "Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%")
Discount brokers take giant strides; now account for 57% of active clients
The majority of incremental customer acquisition is now happening from tier-2 cities
 "Discount brokers take giant strides; now account for 57% of active clients")
Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low
LIC hit a life-time low of Rs 562.35, falling below its previous low of Rs 566 touched on February 27, and was down 9% in three weeks.
 "Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low")
Campus Activewear slips 7% after over 9% equity changes hand on NSE
According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via block deal at Rs 345 per share.
 "Campus Activewear slips 7% after over 9% equity changes hand on NSE")
F&O call: Here's why you should buy SBI Put option for March series
The stock is placed below all important moving averages, which indicates a bearish trend on all time frames, says technical analyst from HDFC Securities
 "F&O call: Here's why you should buy SBI Put option for March series")