Page 329 - Markets News
Multi-asset funds march to the hybrid throne; gold their banner
Inflows signal a changing guard from BAFs, though analysts caution investors against recency bias
 "Multi-asset funds march to the hybrid throne; gold their banner")
Turtlemint Fintech Solutions files confidential DRHP with Sebi for IPO
The insurance distribution platform has filed a pre-filing DRHP with Sebi and stock exchanges, but clarified that the filing does not necessarily mean an IPO will follow
 "Turtlemint Fintech Solutions files confidential DRHP with Sebi for IPO")
Amber to raise ₹1,200 crore for ILJIN Electronics from PE investors
ChrysCapital, Two Infinity, Raptor and InCred to invest in Amber Enterprises' subsidiary ILJIN Electronics through equity and CCPS to boost EMS and PCB manufacturing
 "Amber to raise ₹1,200 crore for ILJIN Electronics from PE investors")
Mcap of 7 top valued firms jumps ₹1 trn; Bajaj Finance, RIL major gainers
From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance and LIC were the winners
 "Mcap of 7 top valued firms jumps ₹1 trn; Bajaj Finance, RIL major gainers")
Global trends, trading cues, inflation likely to steer markets this week
Markets ended last week on a firm note, with the benchmarks surging more than one per cent, supported by strong domestic macroeconomic data and policy reforms
 "Global trends, trading cues, inflation likely to steer markets this week")
FPIs pull ₹12,257 cr in 1st week of Sept on strong dollar, tariff concerns
This came following a net outflow of ₹34,990 crore in August and ₹17,700 crore in July
 "FPIs pull ₹12,257 cr in 1st week of Sept on strong dollar, tariff concerns")
Modi-Xi handshake, fresh tax cuts boost case for lagging Indian stocks
Improving trade links with the world's second-biggest economy add to a string of positives for India, including the prospect of further central bank interest-rate cuts
 "Modi-Xi handshake, fresh tax cuts boost case for lagging Indian stocks")
Markets log best week in 2 months as GST revamp boosts growth hopes
Benchmark indices end the week higher, posting their best gains in over two months, with optimism from GST reforms on everyday goods
 "Markets log best week in 2 months as GST revamp boosts growth hopes")
Demat account openings slow in August; total count rises to 205 million
Market participants said account openings have moderated in recent months as equity returns plateau
 "Demat account openings slow in August; total count rises to 205 million")
FPIs net sellers in financials, IT; autos and services attract inflows
Foreign portfolio investors pulled out Rs 14,020 crore from domestic equities in the second fortnight of August, with financials and IT sectors facing the brunt, while autos and services saw inflows
 "FPIs net sellers in financials, IT; autos and services attract inflows")
GST 2.0: ITC, VST Industries shares fall as Govt eyes extra tobacco tax
GST rate hike on tobacco products: Tobacco stocks ITC, VST Industries fell today after govt signaled an extra GST cess on cigarettes and bidis, raising margin risks. Analysts suggest stock strategy
 "GST 2.0: ITC, VST Industries shares fall as Govt eyes extra tobacco tax")
Will the GST rate cut bring back foreign investors to Indian stock market?
The primary reason for the underperformance of the Indian market in the past year, according to analysts, is weak domestic growth
 "Will the GST rate cut bring back foreign investors to Indian stock market?")
S&P 500, Nasdaq reach record highs after weak US jobs data; Broadcom surges
The Dow Jones Industrial Average rose 35.2 points, or 0.08%, at the open to 45,656.49
 "S&P 500, Nasdaq reach record highs after weak US jobs data; Broadcom surges")
Indus Towers' revenues hinge more on Vi turnaround than Africa plan
Indus Towers eyes Africa entry but analysts remain split on growth outlook as Vodafone Idea's turnaround and high capex weigh on sentiment
 "Indus Towers' revenues hinge more on Vi turnaround than Africa plan")
Sebi initiates investigation into Jane Street amid continued complaints
SEBI on July 4 temporarily barred the firm from local markets on allegations of market manipulation, which the company has denied
 "Sebi initiates investigation into Jane Street amid continued complaints")
Sebi issues rules to surrender KRA registration to protect investor records
Sebi said the framework is necessary to deal with voluntary exits by KRAs due to business decisions and involuntary exits triggered by financial distress or regulatory action
 "Sebi issues rules to surrender KRA registration to protect investor records")
Sebi cautions investors against fraudsters impersonating the regulator
Sebi warns investors about fraudsters using its logo and letterhead to impersonate officials, asking for payments related to compliance services and penalties
 "Sebi cautions investors against fraudsters impersonating the regulator")
Stock Market Close Highlights: Sensex, Nifty end flat; Auto, Metal shares shine; IT, FMCG lag
Stock market close highlights on September 5: On the BSE, M&M, Maruti Suzuki and Reliance Industries were the top gainers while ITC, HCL Technologies and TCS were among the major laggards.
 "Stock Market Close Highlights: Sensex, Nifty end flat; Auto, Metal shares shine; IT, FMCG lag")
Rupee closes at fresh low ahead of US jobs data; ends lower at 88.25/$
Indian Rupee today: The domestic currency opened 11 paise lower at 88.25 against the greenback on Friday
 "Rupee closes at fresh low ahead of US jobs data; ends lower at 88.25/$")
IPO Calendar: Dalal Street gears up for busy week with 9 IPOs, 7 listings
IPO Calendar: In the mainboard segment, Urban Company, Dev Accelerator, and Shringar House of Mangalsutra will open their IPOs for bidding
 "IPO Calendar: Dalal Street gears up for busy week with 9 IPOs, 7 listings")