Page 7 - Equity Market

Inox India files IPO papers with Sebi, with OFS of up to 2.21 cr shares

Cryogenic tank maker Inox India Ltd has filed preliminary papers with capital market regulator Sebi to mop up funds through an initial public offering. The Initial Public Offering (IPO) is entirely an Offer For Sale (OFS) of up to 2.21 crore shares by its existing shareholders and promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. Those offering shares in the OFS are Siddharth Jain, Pavan Kumar Jain Nayantara Jain, Ishita Jain, and Manju Jain. Since the issue is completely an OFS, the Vadodara-based company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining the reason for going public, the company said it is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders. Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installati

FDI equity flows into India declined 34% to $10.94 bn in April-June 2023

Inflows dipped in segments including computer hardware and software, trading, automobile and pharma

Q1 earnings, global trends, FII activity to guide mkts this week: Analysts

Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Institutional activity will also have a significant impact on market trends, Gour added. Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries. "Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic ...

Smallcap fever lifts inflows into equity MFs despite redemption surge

Investors pump in record Rs 5,470 crore into smallcap schemes in June

India's announced M&A deals increase 5.2% YoY; reach above 1,400 in H1

Domestic M&A activity totaled $16.7 billion, down 83.2% from the same period in 2022. Inbound M&A fell 46.3% from a year ago and totaled $12 billion

Listed companies garner Rs 63,300-crore from equity, debt in April

Within the equity segment, funds mostly came from preferential allotment of equity shares with companies raising Rs 4,835 crore through the route

European shares rise after Asia drops over US banks, China growth worries

European benchmarks rose Friday after Asian shares mostly declined on looming worries over US banks and lagging demand from China, the region's major driver of growth. France's CAC 40 rose 1.0 per cent in early trading to 7,451.96. Germany's DAX added 0.6 per cent to 15,931.25. Britain's FTSE 100 gained 0.5 per cent to 7,767.52. US shares were set to drift higher with Dow futures up 0.4 per cent to 33,507.00. S&P 500 futures added 0.4 per cent to 4,160.50. Oil prices fell while currencies traded in a narrow range. Asian equities struggled for direction after weak inflation data in China pointed to weakening demand, said Stephen Innes, managing partner at SPI Asset Management. Recent data reflect very low inflation and weak credit extensions in China, which all indicate slowing growth following an initial jump after the nation dropped pandemic-related restrictions, he said. Japan's benchmark Nikkei 225 gained 0.9 per cent to finish at 29,388.30 as companies like Nissan Motor Co. ..

Global equities outpace bonds in ultra-long marathon, shows data

Global equities have delivered 5% annualised returns versus 1.7% for bonds since 1900

Decoded: What is index rebalancing, and how does it impact stocks?

Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks

Global trends, foreign funds movement to guide equities this week

With the third quarter earnings calendar coming to an end and no major domestic trigger in sight, equity investors will focus on global trends and foreign fund movement this week, analysts said. Markets may face volatile trends amid derivatives expiry during the week, they added. "Global cues and F&O expiry may cause volatility this week. Although FIIs have shown some interest in purchasing over the past few days, there were a few block purchases last week, so their flow will be crucial," said Santosh Meena, Head of Research, Swastika Investmart Ltd. FPIs turned net buyers last week with an investment of over Rs 7,600 crore against net outflows of Rs 3,920 crore in the preceding week (From February 7-12). Brent crude oil movement and the trend in the rupee would also be in focus this week. "With all major events behind us, the performance of the global markets, especially the US, will be in focus for cues. Besides, crude and rupee movement will continue to offer indications in ...

Equity funds log inflow of Rs 12,500 cr in Jan, small-caps top share

Inflows from SIPs have continued to counterbalance the outflows from foreign institutional investors

Sebi, RBI should keep mkt stable, Adani rout company specific issue: FM

Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are "not overexposed" to any one company and assured that Indian markets are very well managed by its regulators. "Yes, there have been occasional blips in the market, maybe small or big, but they do address issues like that. And I strongly believe that our regulators are seized of this matter," Sitharaman said in an interview to Times Now. Adani Group stocks are witnessing a meltdown on the bourses after the US-based short-seller Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Hindenburg ...

TMS Ep356: Google unbundling, Indian start-ups, PSU, capex stocks, BharOS

What will Google unbundling mean for Indian apps? Is there a governance deficit in Indian start-ups? How to trade PSU, capex stocks ahead of Budget 2023? What is BharOS? All answers here

2022: A very unusual year

Last year was a nightmare best forgotten. This year started on a strong note for investors, but private markets are still due for a further shakeout

China to top global equity market performance in 2023: Morgan Stanley

The current situation is on par with that in late 2008/early 2009, in our view, with many investors insufficiently exposed to what is likely a key cross-asset portfolio alpha driver for 2023

Debt assets power PMS growth amid equity dip, accounts for 80% of assets

Outlook for PMS debt schemes seems positive going forward, with likelihood of superior returns once rate hike cycle ends

Equity fundraising via QIPs, rights issues slump to lowest since 2016

Some investment bankers argued that the reason for tepid fundraising through QIPs and rights could also be due to the fact that companies this year were not in need of large capital

Street signs: Trading hour extension, markets down the chimney, and more

The last week of this month is usually a good time for markets as it usually gains in the last five trading days of December and the first two trading days of the New Year

Markets are cyclical; we only romanticise the good part: Shankar Sharma

Every equity market across the globe has and will have its day, and Indian markets are having their day right now

2023 likely to be a flattish year for Indian equities: Kotak Securities

Kotak Securities sees Nifty50 at 18,385; rising FD rates could attract investment