Page 2 - Equity Market
Gold to Sensex ratio highest since 2014, barring Covid pandemic year
Rising gold prices and steady equities push ratio to highest since 2014
 "Gold to Sensex ratio highest since 2014, barring Covid pandemic year")
Delphi World Money acquires stake, management control in Ebix Travels
Delphi World Money acquires equity stake and management control in Ebix Travels to expand beyond forex and build an integrated travel and financial services ecosystem
 "Delphi World Money acquires stake, management control in Ebix Travels")
NCDEX raises $88 million from brokers ahead of equity foray, says CEO
The exchange, which dominates agricultural commodity trading in India, received in-principle approval from the markets regulator in July to launch equity and equity derivatives trading
 "NCDEX raises $88 million from brokers ahead of equity foray, says CEO")
Markets underestimating turn in growth cycle, says Morgan Stanley
The US-headquartered firm sees a compelling case for a re-rating, driven by India's increasing share in global output, stable fiscal and monetary frameworks
 "Markets underestimating turn in growth cycle, says Morgan Stanley")
NCDEX secures ₹500 cr funding, Citadel and Tower Research among investors
NCDEX has raised over Rs 500 crore with Citadel, Tower Research, Groww and JM Financial among investors as the exchange prepares to enter the equities market
FPI selloff, result woes drag Indian equity markets down for a third day
Sensex drops 572 points, Nifty 156; monthly losses hit ₹13.3 trillion as Kotak Bank, TCS fall sharply and India-US trade talks stall
 "FPI selloff, result woes drag Indian equity markets down for a third day")
Elan Group repays Rs 875 cr debt to Asia Pragati Strategic Investment Fund
Elan Group's strategic debt repayment strengthens its financial position, creating room for investment in future projects and land acquisitions
 "Elan Group repays Rs 875 cr debt to Asia Pragati Strategic Investment Fund")
Rupee underperforms Asian peers in June so far despite weak US dollar
The rupee remained one of Asia's worst-performing currencies in June amid foreign fund outflows from debt, weak equity inflows, rising oil prices and geopolitical stress
 "Rupee underperforms Asian peers in June so far despite weak US dollar")
Sensex, Nifty decline amid geopolitical tension and trade uncertainty
Sensex sheds 823 points and Nifty 253 as Middle East tensions rise and trade worries persist; aviation stocks hit after fatal Air India crash raises sentiment fears
 "Sensex, Nifty decline amid geopolitical tension and trade uncertainty")
Changing course: Nifty's valuation edge erodes as US Treasury yields surge
Historically, there is a negative correlation between US 10Y treasury bond yield and Nifty 50 valuation
 "Changing course: Nifty's valuation edge erodes as US Treasury yields surge")
Equity markets stared down the barrel - but now, the trigger's pulled
Bordering on peace tested: Past shots fired, but this bullet strikes closer to home
 "Equity markets stared down the barrel - but now, the trigger's pulled")
India's attractiveness increased lately with recovery in GDP: Kunal Vora
The situation on tariffs is still evolving, but India is relatively well placed due to its low merchandise export dependence
 "India's attractiveness increased lately with recovery in GDP: Kunal Vora")
Equity MF inflows drop to 11-month low of ₹25,082 crore in March
SIP inflows resilient at ₹25,926 crore
 "Equity MF inflows drop to 11-month low of ₹25,082 crore in March")
IPO pipeline runs dry in March 2025, a first in nearly two years
Industry players said the sharp sell-off in February forced many companies to put off their listing plans
 "IPO pipeline runs dry in March 2025, a first in nearly two years")
The Magnificent 7: FPIs' wild ride through selloff in seven sectors
Since October, FPIs have offloaded Indian equities worth ₹2.1 trillion, with seven sectors
 "The Magnificent 7: FPIs' wild ride through selloff in seven sectors")
Correction in stock prices of AMCs turns risk-reward more favourable
The recent correction in AMC stocks follows a sharp rally driven by record gains in assets under management (AUMs), fuelled by the equity market surge, particularly among leading AMCs
 "Correction in stock prices of AMCs turns risk-reward more favourable")
Quality stocks fairly valued, avoid low-growth bubbles: PGIM India MF CIO
Earnings growth may face downward revisions, leading to market volatility and drawdowns. However, the medium- to long-term outlook for the equity markets remains healthy
 "Quality stocks fairly valued, avoid low-growth bubbles: PGIM India MF CIO")
Will Sensex see a relief rally or extend fall this week? 76,300 remains key
Technical chart shows that as long as the BSE Sensex holds 76,300 on a closing basis, the market can hope for a relief rally; which can get stronger on break above 78,150.
 "Will Sensex see a relief rally or extend fall this week? 76,300 remains key")
Time's ripe for investors to raise equity exposure: Trideep Bhattacharya
However, we expect the focus to shift back to 'corporate earnings recovery' in the second half
 "Time's ripe for investors to raise equity exposure: Trideep Bhattacharya")
Tax shift throws a wrench in the gears of buyback offers in 2024
In 2024, 48 companies repurchased shares worth Rs 13,423 crore, compared to Rs 48,079 crore spent on share buybacks by the same number of companies in 2023
 "Tax shift throws a wrench in the gears of buyback offers in 2024")