Page 9 - Equity Markets

Equity markets settle higher for 2nd day, unfazed by global trends

The 30-share BSE Sensex climbed 232.23 points or 0.35 per cent to settle at 65,953.48. During the day, it jumped 346.65 points or 0.52 per cent to 66,067.90

Top headlines: Mkts to focus on Q1 earnings, insurgent held in Manipur

Business Standard brings you the top headlines at this hour

Markets to focus on Q1 earnings, RBI interest rate this week: Analysts

The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added. "The market will have an eye on the RBI Monetary Policy Committee (MPC) meeting, which will be announced on August 10, 2023. We are heading towards the last batch of Q2 earnings of key companies such as Adani Ports, Coal India, Hero MotoCorp, Hindalco and ONGC, among others, which will lead to stock-specific movement," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be released on August 11, Gour said. Trend in global stock markets, movement of the dollar index, the rupee

TMSEp488: Petrochemical PLI, farm export ban, markets, no-confidence motion

Why does the chemicals and petrochem sector need PLI? Do India's farm export bans hurt farmers? Will FPI flow into Indian equities slow from here on? What is a no-confidence motion? All answers here

FPIs stay invested in Indian equities; put in Rs 43,800 cr this month

Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached Rs 1.2 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said. According to the data, FPIs have been continuously buying In

TMS Ep475: Online gaming, Triumph-Harley vs Enfield, markets, tax havens

Can online gaming survive the GST sucker punch? Can Triumph and Harley take on Royal Enfield? What should investors do in case they missed the market rally? What are tax havens? All answers here

MSCI acknowledges India's transition to T+1 shorter settlement cycle

Stresses on need for coordinated transition to the shorter cycle

TMS Ep458: Biparjoy cyclone, JioCinema, equity markets, MQ-9B drone

What are the economic implications of Biparjoy? After telcos, is Jio coming for OTTs? Where to invest as markets trade near record highs? What is the MQ-9B 'predator-B' drone? Answers here

Global trends, progress of monsoon to guide equity mkts this week: Analysts

Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said. Investors will also track the movement of rupee against the US dollar and crude oil prices. Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday. Market analysts attributed the rally in the markets to the fact that the US Federal Reserve did not raise interest rates, while positive global cues and foreign institutional investors (FIIs) turning net buyers of local equities also supported the uptrend. "The Indian market will be closely monitoring the progress of the monsoon season. Globally, there is expected to be an increase in volatility in the US market over the coming week. This is due to the upcoming semi-annual testimony of Fed Chairman Powell to Congress," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. According to analysts, a steady recovery in global indices, especially in the US, .

Valuation discomfort not as acute as it was 6 months ago: Prashant Khemka

'Chasing sectors which have reported strongest earnings not the right strategy always,' he says

Small-caps steal a march over large-caps, look primed for outperformance

Moreover, the upmove in the equity markets will shift towards small-caps, the brokerage predicts

FIIs gung-ho on India from medium-term viewpoint: Saion Mukherjee

'Given valuation comfort, we are still most overweight on China and South Korea,' says Saion Mukherjee

Time to book profit now; buy when Nifty hits 16,000: BofA Securities

The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.

FPIs invest Rs 8,643 core in equities on reasonable valuation of stocks

FPIs started the current financial year on a positive note and invested Rs 8,643 crore in Indian equities from April 3, data with the depositories showed

TMS Ep412: BS Tech Talk, health influencers, markets, El Nino

How is India bridging the have and have-not divide? How is India regulating health influencers? Will the markets break out of their consolidation phase soon? What is El Nino? Answers here

With a 38% jump, India's M&A activity touched all-time high in 2022

Outbound M&A activity increased 31.6% year-on-year to hit $9.8 billion

Coal India to ITC: 10 stocks to hedge against share price volatility

Equity markets have been volatile over the past year. At such times, investors can look at firms that pay generous dividends, which can become a second income

Global mkts fully pricing in Fed hike to 5.5%; Indian equities at risk: UBS

India, according to them, is among the more sensitive markets to US rates, and demonstrates the most sensitivity to local rates given higher influence of domestic flows into the market

India is no longer a crazily expensive market, says Jefferies MD Nandurkar

"Indian equities should catch up with global peers with a good probability of outperformance in the second half of this year"

Ukraine war, a year on: Equity markets see negative second-order impact

Still, one-year equity returns globally, since the war began, have been subdued and marred by intense volatility