Page 6 - Equity Markets

Market has already factored in BJP's victory, says Achin Goel of Bonanza

While the fundamentals of PSUs remain optimistic, current valuations offer limited upside potential for new entrants, says Achin Goel, vice-president, Bonanza Portfolio

Protect volatile equity market gains with 10-15% investment in gold

Potential rate cuts in the US this year could boost gold's performance

FPIs' investment value in equities jumps 13% to $738 bn in Dec quarter

The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at USD 651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022. "This could be attributed to the good performance of the domestic equity markets as well as strong net inflows from FPIs," the report noted. However, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.83 per cent from 16.95 per cent in the previous quarter. After withdrawing USD 5.38 billion in the September quarter, foreign investors were net buyers in the Indian equity markets to the tune of USD 6.07 billion in the th

Absence of surprises in Budget: Mkts flat as investors look for triggers

The Sensex ended the session at 71,645, a decline of 107 points or 0.2 per cent, while the Nifty50 index fell 17 points, or 0.08 per cent, to end 21,709

Equity markets up by 1% ahead of Budget, US Fed interest rate decision

Benchmark equity indices recovered their previous day's losses and closed nearly 1 per cent higher on Wednesday amid robust buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead -- the interim budget and the US Fed interest rate decision -- to derive further cues from. Reclaiming all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86 per cent to settle at 71,752.11. During the day, it zoomed 711.49 points or 1 per cent to 71,851.39. The Nifty climbed 203.60 points or 0.95 per cent to 21,725.70. "Nifty bounced back from a weak start and closed with gains of 204 points at 21,726 levels. Global markets will keenly await the US Fed's commentary on the rate cut timeline. On the domestic front, investor's focus will be on the Budget," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Among the Sensex firms, Sun Pharma, Tata Motors, State Bank of India, Mahindra & Mahindra, ..

TMS Ep615: Wed in India, UPI payments, markets, Karpoori Thakur

What will it take for 'Wed in India' to succeed? Can India challenge US dominance in international payments? Should you sell the rallies or buy the dips? Who was Karpoori Thakur? All answers here

Investors' wealth erodes by Rs 8.50 trillion as stock markets tumble

Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10 points. Equity benchmark index Sensex tumbled 1,053 points to close below the 71,000 level on Tuesday, dragged down by index heavyweights HDFC Bank, Reliance Industries and SBI amid mixed global cues. Following the decline in the benchmark index, the market capitalisation of BSE-listed companies eroded by Rs 8,50,820.81 crore to Rs 3,65,97,915.97 crore. The market capitalisation of BSE-listed companies stood at Rs 3,74,48,736.78 crore on January 20. Domestic equities opened on a positive note but soon drifted into red witnessing a huge sell-off amid profit booking, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Global sentiments turned cautious after a Fitch Group statement that South Asian economies would be most affected, amid rising hostilities in the Red Sea due to Houthi attacks and India'

TMS Ep612: Religious tourism, Interim Budget, CAT III-B landing system

What does Ayodhya mean for the future of religious tourism? Will the Interim Budget boost welfare expenditure? Will Ayodhya-related stock rally continue? What's CAT III-B landing system? Answers here

Equity markets to have normal trading session on Sat, holiday on Mon

Stock exchanges NSE and BSE on Friday said there will be normal trading sessions on January 20 and a trading holiday on January 22. Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site. In separate circulars, NSE and BSE said there will be a normal trading session on Saturday. "Members are requested to note that the exchange shall be conducting regular trading sessions on Saturday, January 20, 2024, from the primary site in equity and equity derivatives segments as per regular market timings. Price bands applicable for normal trading day shall continue to be remain applicable on January 20, 2024," NSE said in its circular. Besides, it will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. The Maharashtra ...

Rupee down by 1 paisa at 83.13 against dollar amid domestic equity selling

Foreign Institutional Investors (FIIs) were net buyers in the equity market on Tuesday as they bought shares worth Rs 656.57 crore, according to exchange data

Asia Pacific home to most 2024 IPO debuts with India taking the lead

Asia equity capital market bankers expect India to remain among the region's most active markets throughout this year

Set objective rules for equity market re-entry

Before selling, outline a clear, objective reinvestment strategy. Set specific triggers for buying back, such as a particular market level or a 5-10% correction

Quarterly earnings, global trends to guide equity mkts this week: Analysts

Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results. Pre-Budget expectations are also likely to influence the sector and stock-specific movements," Santosh Meena, Head of Research, Swastika Investmart Ltd said. As the market gears up for the Budget, institutional flows will play a crucial role in determining its direction, he added. WPI inflation data for December is scheduled to be announced on Monday. "On the global front, macroeconomic data from the US and China, along with movement in the dollar index, US bond yields, and c

Amid bull run, mutual fund assets soared 22% in December quarter

Data from the Association of Mutual Funds in India shows that the industry's average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22

FPIs infuse Rs 4,800 cr in equities in first week of Jan on economic boost

Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed. With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Further, FPI inflows into debt will also see acceleration in 2024, he added. According to the data, foreign investors made a net investment of Rs 4,773 crore in Indian equities this month (till January 5). This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November. The latest flow ca

Venture debt gains ground in Indian startups amid equity fund raising dip

Though demand for venture debt is rising, players are becoming more cautious. Many hope that 2024 will offer good opportunities

TMS Ep597: CEO poll, key events of 2024, markets, Op Prosperity Guardian

How do Indian CEOs see 2024 playing out? What will be the key events to look forward to in 2024? Which key events will shape the markets in 2024? What is Operation Prosperity Guardian? Answers here

Equity market set for eventful journey on interest rate trajectory in 2024

With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent. Lok Sabha elections, the US Presidential polls, the trajectory of interest rates, particularly in the US and India, inflation trends and geopolitical situation will be the key factors for the stock market, analysts opined. Experts said the return of the BJP government with a majority in the 2024 general elections is a pivotal factor on the market's wishlist for the new year. As political stability plays a significant role in .

TMS Ep595: Paytm, AI in 2023, stock laggards, EU pact on migration

Why is Paytm pivoting away from lending? What did 2023 reveal about the future of AI? Will the laggards of 2023 turn around next year? What is the new EU pact on migration? All answers here

UP takes lead in new investor registration in 2023 with 2.3 mn investors

The total number of investors now stands at 84.9 million with a year-on-year rise of 22.4 per cent