Page 3 - Equity Earnings

Indian shares, bonds likely to continue rallying in 2024 on foreign inflows

Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said

Equity market investors turn wealthier by Rs 80.62 trillion in 2023

In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. Till December 28 this year, the 30-share BSE Sensex has jumped 11,569.64 points or 19 per cent. The market capitalisation of BSE-listed companies has climbed sharply by Rs 80,62,310.14 crore so far this year to reach an all-time high of Rs 3,63,00,558.07 crore. At the close of trade on Thursday, the market valuation of BSE-listed firms reached the lifetime high. The Indian market has demonstrated resilience, emerging as one

LIC sells 2% stake in Dixon Technologies; shareholding drops to 3%

Dixon Technologies India Limited reported a 2% decrease in holding from 5.012% to 3% during the period from April 20, 2022 to December 15, 2023 at an average cost of Rs 5877.65

India's equity MF inflows moderate in November; SIPs hit new high

The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

Profits under pressure

Earnings growth will be a constraint for markets

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

RIL, ONGC, SBI among key firms that are yet to declare final dividend for FY23

Indian shares log weekly losses on risk aversion amid Q4 earnings

The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week

Zomato net loss narrows to Rs 251 crore in Q2, revenue jumps 62%

This is the first quarter where the food aggregator crossed the billion-dollar mark in annualized revenue, Zomato revealed

'Long-term capital gains tax relief will be a game-changer for the markets'

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

Union Bank of India gets board approval to raise up to Rs 8,100 cr

State-owned Union Bank of India (UBI) on Thursday said its board of directors has approved raising up to Rs 8,100 crore by issuing equity shares through various modes. The board of directors, in its meeting held on May 26, considered and approved raising of equity capital not exceeding Rs 3,800 crore, within the overall limit of Rs 8,100 crore, the bank said in a regulatory filing. Besides, the lender got the approval for raising of additional tier I (AT I) and/or tier II bonds not exceeding Rs 4,300 crore within the overall limit of Rs 8,100 crore, it said. The equity funds are to be raised through various modes such as public issue of shares (follow on public offer) or rights issue or on a private placement basis. Likewise, the funds to be raised by issuing bonds can be raised through issuance of green or foreign currency denominated AT I/II bonds. UBI said it will seek approval from the shareholders for the proposed fund raising plan in its Annual General Meeting (AGM) schedul

Action-packed week for equity markets: Budget, macro data, earnings eyed

In the holiday-shortened last week, the 30-share BSE benchmark plummeted 1,836.95 points or 3.11 per cent

Equity AUMs shrink as markets saw biggest-ever monthly fall in 21 months

The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore

We're overweight India in Asian equity portfolio: Manishi Raychaudhuri

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

Strong growth prospects drive Divi's Laboratories earnings upgrades

Ongoing capacity additions, market share gains, and new launches are key triggers

Earnings decline slows Nifty run after rallying nearly 50% from March lows

Index has rallied close to 50% from its March lows even as underlying EPS has fallen about 20%

RBL Bank to raise over Rs 1,500 cr fresh equity at Rs 177 a share

The capital will be issued to institutional investors such as Maple BV (an associate of Barings Private Equity Asia) and ICICI Prudential Life on preferential basis

MFs sold shares worth Rs 9,600 cr in market rally between April and July

Lack of earnings visibility in near-term, investor behaviour contribute to selling

Equity flows dip 47% in Apr despite mkts seeing sharpest run-up since 2009

Debt categories continued to see redemptions. Credit risk funds saw a bulk of the outflows at Rs 19,238 crore, registering the worst month for the category in 13 months

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