Page 5 - Equity Market

Equity investors become poorer by Rs 6 trillion as stock markets crash

Investors' wealth eroded by Rs 6 lakh crore in a single day on Wednesday as the BSE benchmark Sensex tumbled over 790 points. The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88. During the day, it slumped 872.93 points or 1.19 per cent to 72,222.29. The market capitalisation (mcap) of BSE-listed companies eroded by Rs 6,02,338.56 crore to Rs 3,85,97,298.49 crore (USD 4.71 trillion). "Investors resorted to heavy selling ahead of Thursday's F&O expiry. Weak Asian market cues and Dow Futures indicating a negative start also led to a massive round of profit-taking across the board as benchmark Sensex closed below the crucial 73k mark. "The pessimism can also be attributed to lack of direction ahead of Thursday's release of the January US Personal Consumption and Expenditures (PCE) index, the Fed's preferred measure of inflation that tracks consumer spending," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Among the Sensex firms, ...

EPFO mulls reinvesting 50% of ETF redemption proceeds in equity market

The move aims to enhance its equity exposure and earn higher returns for nearly 65 million subscribers

Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn

Meanwhile, the broader markets showed no signs of cooling off despite concerns about frothy valuations

Direct plan SIPs bounce back in 2023 on the equity market euphoria

Direct plan distributors added 12.4 million SIP accounts in 2023, 39% more than in 2022

Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC

The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023

FPIs turn cautious, infuse Rs 3,900 cr in Indian equities during Jan 1-12

Foreign Portfolio Investors (FPIs) have adopted a cautious stance and put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario. The investment has slowed down compared to Rs 66,134 crore attracted in the entire December. Before that, FPIs invested Rs 9,000 crore in November. According to data with the depositories, foreign investors made a net investment of Rs 3,864 crore in Indian equities this month (till January 12). The latest investment pattern could be largely attributed to investors booking profit with Indian equity market trading near its all-time high level, said Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India. Moreover, uncertainty over the interest rate scenario could have also prompted them to stay on the sidelines and wait for further cues, before taking investment decision with respect to investing in emerging markets like Ind

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?

The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.

2024 expected to be year of IPO boom led by new-age firms, say experts

Experts said a combination of various factors including rise of tech firms, investor confidence, a resilient economy and a supportive regulatory environment are propelling growth of India's IPO market

Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end

Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619

Small-caps lead inflows into India equity mutual funds in Dec, shows data

The sustained domestic inflows along with record monthly buying by foreign portfolio investors drove India's benchmarks Nifty 50 and Sensex to all-time highs, rising about 8% each in December

Grasim Industries rights issue price fixed at Rs 1,812 per share

The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date

Largecap, midcap cutoff surges over 26% in latest Amfi classification

PSUs dominate list of upgrades, 5 PSBs upgraded to largecaps in last 1 year

IT stocks decline amidst growth concerns pulls Indian equity benchmarks

Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand

Delightful year for IPO investors as 54 of 59 issues return 45% on average

In a year when the key equity benchmarks scaled new highs and rallied nearly 20 per cent making investors richer by close to Rs 82 lakh crore, IPO investors laughed all the way to the bank as 55 of the 59 issues gave them handsome returns of 45 per cent on average. In fact, 2023 turned out to be an outlier for primary market investors when 59 companies hit the street, raising Rs 54,000 crore, and returned over 45 per cent more than the issue prices on average, according to exchange data. This means that more than two-thirds of companies outperformed benchmark indices which rallied close to 20 per cent in the year. The average listing gain for all the 59 IPOs is 26.3 per cent and their average gain as of December 29 is 45 per cent and only four of the 59 main-board IPOs are traded below the issue price on the trading session of the year on December 29. As much as 23 of the 59 issues rallied more than 50 per cent since listing and of them, nine gave more than two-fold gains over the

Inside the record year for India's $585 billion mutual funds industry

Equity funds have seen inflows for 33 straight months through November, with monthly recurring plans emerging as the most popular product among retail investors

Market holiday: BSE and NSE to remain closed today on account of Christmas

Indian exchanges like NSE, BSE, MCX, and the bond market will remain shut on the account of Christmas, this is the last market holiday on a trading day in this calendar year

FPIs pour Rs 57,300-cr in equities in Dec on account of political stability

Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year. Going forward, the New Year is expected to witness declines in U.S. interest rates, and FPIs are likely to increase their purchases in 2024, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, FPIs made a net investment of Rs 57,313 crore in Indian equities in this month (till December 22). This was the highest monthly inflow by them in a year. This came following a net investment of Rs 9,000 crore in October. Before this overseas investors withdrew 39,300 crore in August and September, data with the depositories showed. The robust inflow from FPIs into the Indian stock markets can be attributed to various factors. Primary among these are .

Mutual funds bounce back in 2023 with Rs 9 trillion surge in asset base

The mutual fund industry has bounced back strongly this year after a lacklustre 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well. With a substantial increase, the overall inflow this year has reached Rs 3.15 lakh crore, accompanied by a growth of over 2 crore in the investor count. This was supported by the increasing popularity of Systematic Investment Plans (SIPs), which drew in Rs 1.66 lakh crore, according to the data shared by the Association of Mutual Fund Industry (Amfi). The inflow has pushed the assets under management (AUM) of the mutual fund industry by 23 per cent or Rs 9 lakh crore in 2023, the data showed. This was way higher than the 7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh .

Markets pause after posting their longest winning streak in three years

Investors on Monday were mostly chasing stocks which offer some value vis-a-vis their peers

Commercials back rupee-denominated borrowing: HSBC India's Amitabh Malhotra

"Given cross-currency hedging rates, the borrowing cost in dollar terms would be significantly more for companies that do not have a natural hedge"