Page 11 - Equity Markets

TMS Ep313: GST share of states, China plus one, Markets, FPO

Why do states want a bigger share of GST? Does China plus one strategy mean advantage India? Will the rally in the broader markets continue? What is a follow-on public offer? All answers here

Dharmaj Crop IPO subscribed 1.8x on Day-1, QIB portion not fully covered

Retail, HNI fully covered, institutional investor portion subscribed 35%

Settlement scheme to be extended for 150 brokers from December 19

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

Equity rerate unlikely before second half of 2023, says Credit Suisse

Higher-rates-for-longer theme triggered significant derating this year

Budget 2023: MFs seek LTCG exemption for longer-term equity investments

Industry says exemption for those staying invested for over three years will help channelise flows into financial assets

Investing it wisely: Mutual fund investors 'buying low & selling high'

This 'buy low and sell high' strategy has not always worked for them

What's behind the fall in India's FDI inflows?

During the first half of this fiscal, foreign direct investment equity inflows fell by 14%. The total FDI also saw a contraction of 9%. What led to this fall and what could be its impact on economy?

Keystone Realtors shares climb over 3% in stock market debut trade

Shares of Keystone Realtors, which sells properties under brand 'Rustomjee', ended over 3 per cent higher in its debut trade on Thursday against the issue price of Rs 541. The stock listed at Rs 555, reflecting a gain of 2.58 per cent from the issue price on the BSE. It further rallied 5 per cent to Rs 568.25. Shares of the firm ended at Rs 557.80 apiece, higher by 3.10 per cent. At the NSE also, it made its debut at Rs 555. It later ended at Rs 556.80, a gain of 2.92 per cent. The company commanded a market valuation of Rs 6,352.08 crore on the BSE. In volume terms, 4.16 lakh shares of the firm were traded at the BSE and over 58.63 lakh shares on the NSE during the day. The initial public offering of Keystone Realtors received 2 times subscription on the last day of the offer on November 16. The IPO had a fresh issue of up to Rs 560 crore and an offer-for-sale of up to Rs 75 crore. Price range for the IPO was at Rs 514-541 a share. Founded in 1995, Keystone Realtors has 32 com

LIC hopes to mirror last year's $4.9 bn profit from equity sales: Chairman

LIC is aiming to increase its share of premium or participating policies to 15% in two years from about 9% presently, Kumar said

It will be a 'bottoms-up' market in 2023: Sachin Shah of Emkay

Geopolitical tensions, and high energy and commodity prices are expected to continue in 2023. Therefore, the outlook for Indian equity markets will depend on the actual growth in the domestic economy

Is the Indian stock market losing steam?

Global equity markets are now looking to make up for their underperformance of the past few months. But analysts caution that rally in the Indian markets could take a backseat during the rest of 2022

Should investors be worried about the recent correction?

BSE Sensex and Nifty indices came within a striking distance of hitting fresh life-time highs last week. With no triggers on the domestic front, will markets enter a long-drawn consolidation phase?

Demat accounts up 41% to 10.4 cr in Oct; incremental additions slowing down

The number of demat accounts rose to 10.4 crore in October, 41 per cent higher from a year earlier, on attractive returns from the equity markets, even as incremental additions of such accounts have been on a declining trend for the past few months. According to an analysis by Motilal Oswal Financial Services, incremental additions of demat accounts have been continuously declining since August. The additions stood at 26 lakh in August, fell to 20 lakh in September and further dropped to 18 lakh in October 2022. The incremental addition in dematerialised (demat) accounts was 36 lakh in October 2021. The primary reason for the declining trend in additions of new demat accounts is the market volatility seen in the current calendar year due to global factors and relative under-performance of broader markets compared to frontline indices, said Roop Bhootra, CEO Investment Services, Anand Rathi Shares and Stock Brokers. Lesser number of new initial public offerings (IPOs) hitting market

Markets to focus on global trends, may face volatility, predict analysts

With no major domestic market-moving event scheduled this week, stock market investors would largely focus on global trends and foreign fund movement, and may face volatility amid monthly derivatives expiry, analysts said. This week Federal Open Market Committee (FOMC) meeting minutes are due for release which would provide further cues to the market, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said. "With all major events behind us, participants will take cues from global markets, crude and currency market movement. Besides, the scheduled monthly expiry of November month derivatives contracts would keep traders on their toes," Ajit Mishra, VP - Research, Religare Broking Ltd, said. Last week, the Sensex dipped 131.56 points or 0.21 per cent, while the Nifty declined 42.05 points or 0.22 per cent. Of late global markets have also been facing a lacklustre trend. "The market remained range-bound amid lack of cues, and it will look for direction .

Is it time to raise high-beta bets in your portfolio?

Equity markets now appear to have moved past worries of rate hikes. This is reflected by the Sensex and Nifty indices hovering near their all-time highs. Is it time to restructure your portfolio?

What's worrying S Naren when it comes to equity markets?

Fear of recession is forcing tech giants to tighten their purse strings. But, markets back home look unperturbed by it. What does S Naren, Executive Director and CIO at ICICI Pru AMC, think of this?

Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote

Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders

LIC's shares jump nearly 6% after July-September quarter earnings

With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent

Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL

Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23

Markets snap 4-day rally; Bharti Airtel slumps 3.05% on profit-booking

Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets. Investors were also cautious ahead of the US Federal Reserve's meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39. Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85. Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan. On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy's and Reliance Industries were among the gainers. "With the Federal