Page 2350 - Markets News

Mutual Funds play it safe on equity bets amid market volatility

According to the data collated by Edelweiss, Reliance Industries was on top of mutual funds' buying list

Too early to say cheers: Liquor stocks face risks over extended lockdown

A sharp rise in excise duty could hurt liquor volumes. UBS has slashed its target price for UBL and UNSP by 20-23 per cent following 12-27 per cent cut in FY21 earnings estimates

Lockdown, moratorium are microfinance institutions' biggest fears

Despite an assuring outlook, large brokerages - whether Kotak Institutional Equities, Axis Capital, Ambit Capital or Credit Suisse - say the MFI sector may be in for a rough ride

FTSE Russell proposes to raise India's weight in its global indices

Move follows MSCI step, inflows may rise by $2 billion

Chinese investment into Indian markets amid meltdown draws Sebi's attention

The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter

Microfinance Industry most vulnerable to lockdown and moratorium

As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity

Capital protection more important than returns for the next few months

Nifty earnings had barely started to grow till Q3FY20 and then the Covid-19 pandemic happened. Now there is a question mark on whether Nifty earnings will grow beyond single digits in FY20 and FY21

Fear of extended coronavirus lockdown pulls indices into red zone

Last week, the indices had rallied 13 per cent and were on the cusp of a bull market - a term used for a 20% rise from recent lows

Covid-19 impact: Analysts see over 20% decline in Q4 profit for GCPL

High revenue decline resulting in weak operating leverage to result in 220 bps fall in operating profit margin

Extended lockdown, slow recovery to dent Phoenix Mills' revenues

35% correction and long-term growth plans keep brokerages positive

Will market recover? Indian stocks lose premium to bonds amid global crisis

The 25% tumble in the index has meant that stocks currently offer an earnings yield of about 5.25%, compared with the domestic benchmark 10-year yield of about 6.50%

Covid-19 impact: States borrow Rs 12,128 cr from bond market at lower rates

The cut-off yield for 10-year state development loans was at 7.60-7.65 per cent, whereas the 10-year government securities closed at 6.50 per cent.

Covid-19 lockdown: India Inc more vulnerable now than in recession of 2008

Profitability and cash reserves have halved since the global financial crisis

Tendering shares gets harder for companies amid coronavirus pandemic

'Due to the Covid-19 crisis and subsequent lockdown, the public shareholder's/ seller's broker(s) are finding difficulty in tendering the shares'

Nifty could shed 22% if lockdown is extended till May: Axis Securities CIO

In a Q&A, Naveen Kulkarni says earnings growth for F21 could go down to minus 15 per cent, depending on the extent of extension

Decline in AUM to make equity MFs costlier, dent investor returns

An increase in TER could further dent investor returns, which have fallen significantly over the last month

Sebi to vet pleas for new FPI registrations from neighbouring countries

Market players suggest that the move could be specifically aimed at vetting applicants from China wanting to register as FPIs

Mauritius funds eligible for Category-I status, move could boost investment

Nearly 80 per cent of FPIs coming from Mauritius are currently classified as Category-II

Zee stock plunges 13% over Rs 522 cr investment in tech subsidiary

The stock ended the day at Rs 137 on the BSE, down 8.57 per cent. But investors remained nervous about the fund infusion despite the company management saying it would boost its digital business

Covid-19 impact: March meltdown sees PMS returns dropping by up to 41%

Close to 45% of multi-cap strategies fall more than respective benchmarks