Page 4 - Equity Market

Indian companies dismiss global worries to push ahead with IPO listings

The pipeline underscores investor exuberance in India despite turbulence in global equity markets

Market mayhem: India earnings yields now trading higher than US bonds

A sharp rise in yield spread is a bullish signal for Indian equity but it has been overshadowed by the negative cues in the global markets, said analysts

Asian stocks remain on back foot as wild week winds down, Yen steady

Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling

Indian banks' short-term debt increases to 12-year high on loan demand

Depositors in India have been saving less in banks as soaring equity markets and avenues such as mutual funds, insurance funds and pension funds lure them

Mapping the share: The big and small of equity market turnover

The data point assumes significance amid buzz that market regulator Securities and Exchange Board of India (Sebi) is debating a proposal on whether to increase the ticket-size for the options segment

Equity supply may hit Rs 6 trillion over next few months: Axis MF

Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period

Market outlook July 09: Positive start likely; Nifty key levels to watch

All you need to know before market open for trade on Tuesday: Key levels to watch on the Nifty and Bank Nifty as Asian shares trade firm; Emcure Pharma to list today; 8 stocks in F&O ban.

FPIs infuse Rs 12,170 cr in equities in June on hopes of economic growth

Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth. This came following a net withdrawal of Rs 25,586 crore from equities in May on poll jitters and more than Rs 8,700 crore in April amid concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. With the latest investment, the total outflow now stood at Rs 11,194 crore so far in 2024 (till June 21), data with the depositories showed. Going ahead, Sunil Damania, Chief Investment Officer at MojoPMS, said foreign portfolio investors (FPIs) inflow will remain constrained due to the high valuations currently commanded by the Indian equity market. FPIs had been waiting on the sidelines for the election results. So far in 2024, barring March (Rs 35,000 crore inflow), they have been pulling out from India. "Though the general elec

PFRDA to allow subscribers to keep 50% investment in equity upto 45 yrs age

PFRDA chairman Deepak Mohanty on Friday said the NPS balance lifecycle scheme that is designed to effectively manage both risks and returns may be launched in July or August

Rupee rises 1 paisa to 83.43 against US dollar in early trade

The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back of a weak American currency and positive domestic equity markets. Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision to be announced on Friday. At the interbank foreign exchange market, the local unit opened at 83.40 and slipped to 83.43 against the greenback, trading 1 paisa higher from its previous close. On Wednesday, the domestic currency settled 7 paise higher at 83.44 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent lower at 104.06. Analysts attributed the weakness in the dollar index to a sharp fall in US Treasury yields after the latest data showed private sector job growth in May was slower than estimated, raising expectations of an interest rat

Benchmarks fall for third day amid poll jitters; Vix hits fresh 2-year high

Indian equities have been jittery amidst the ongoing elections and selling by foreign portfolio investors

Debt fund investments surge to multi-year high as flows jump across schemes

With no Fed rate cut in sight, gilt schemes garner Rs 5,200 cr in April, most in at least 5 yrs

AI-powered equity research platform PineGap.ai raises $2.5 million

PineGap.ai, an AI-powered equity research platform, on Thursday said it has raised USD 2.5 million (about Rs 20.88 crore) in a funding round led by US-based investors SVQuad and Inventus Capital. The seed funding round also saw participation from DeVC and Silicon Valley serial entrepreneurs like Mohit Aron, Founder of Cohesity/Nutanix, Vetri Vellore, Founder of Ally.io, and Mohan Kumar, Managing Partner of Avataar Ventures, alongside Wall Street executives. The funds will be utilised to boost product development efforts and strengthen its engineering team. The company, co-founded by IIT-BHU graduates Deepak Sharma (CEO) and Ankit Varmani (CBO), aims to empower equity research analysts working in hedge funds, mutual funds, and investment banks by providing them with an advanced AI-powered platform to interpret data and derive insights from public company filings, a statement said. The platform is powered by Pine-LLM, PineGap's proprietary deep reasoning technology. According to the

Equity investors' wealth tumbles by Rs 7.93 trillion in three days

Investors' wealth tumbled Rs 7.93 lakh crore in three days of market crash amid escalating tensions in the Middle East and weak global trends. Continuing its downtrend for the third day running on Tuesday, the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03. The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days. In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 per cent. "Markets extended their losing streak for a third straight session on the back of weak global cues as a sharp rise in US bond yields due to rising Middle East tensions has made equity markets less attractive and prompted investors to resort to profit-taking. "Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation," Prashanth Tapse, Se

EMs do well during coordinated global recoveries: Savita Subramanian

The US corporate sector has several advantages that have allowed companies to outperform many other global regions, Savita Subramanian, Head of US Equity & Quantitative Strategy, BofA Securities, said

Indian markets' high valuation a sign of optimism: Sebi chairperson

Says rising tax collection, profit growth expectations show country's 'momentum and velocity'

Stock markets closed for trading today on account of Good Friday

The holiday-shortened week witnessed only three days of trading as the equity markets were also closed on Monday, March 25, on account of Holi

Where is the debt?

Robust equity markets are not enough to kickstart a private sector capex cycle. India needs easily accessible debt financing

There appear to be no US excesses for severe contraction: Bruce Phelps

In the US market, one major challenge is high rates on short-term deposits, standing at 5 per cent, a vast improvement from 0 per cent returns that investors endured for many, many years, Phelps said

India block trades raise $7.1 billion, headed toward best qtr in 14 yrs

India's equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China