Page 59 - Indian Equities

Nifty 500 index year-end review: Top wealth creators and destroyers of 2024

Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477

FPI inflows into Indian equities drop in 2024, rebound anticipated in 2025

After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, Head of Research, Ventura Securities, said. However, elevated valuations and cheaper alternatives in other emerging markets, such as ASEAN and Latin America, could constrain these inflows. Additionally, lingering concerns over a prolonged global recession may weigh on investor sentiment and appetite for risk assets, he added. On the other hand, Feroze Azeez, Deputy CEO at Anand Rathi Wealth Ltd, believes geopolitical escalations, central bank interest rate cut

Stock Market Highlights: Sensex sheds 67pts, Nifty settles at 23,727; Smallcap shares shine

Markets Today LIVE: With Wall Street, driven by the so-called Santa Clause rally, and Indian markets closing higher in the previous trading session, investors would be looking to continue the momentum

Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO

Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore

Biocon share price jumps 5% on DCP nod for diabetes drug in European Union

The rise in Biocon share price came after it announced that the company and its European partner, Zentiva, have received a Decentralized Procedure (DCP) approval for Liraglutide in European Union

Here's why Aurobindo Pharma gained 2% in trade on December 23; details here

Aurobindo Pharma share rose after it announced that CuraTeQ Biologics s.r.o., a step-down subsidiary of company, has obtained marketing authorisation from UK's MHRA for Bevqolva

Motilal Oswal initiates coverage on Anant Raj with 'Buy'; share hits record

The rise in Anant Raj share price came after domestic brokerage Motilal Oswal Financial Services (MOFSL) initiated coverage with 'Buy' for a target price of Rs 1,100, reflecting an upside of 31%

Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks

Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities

Karnataka's iron ore duty plans weigh on NMDC; share price plunges 7%

The decline in NMDC share followed reports suggesting that the Karnataka government is considering an increase in the duty on iron ore

Here's why CDSL share dropped in trade on December 18; details here

CDSL's share price dropped following a tweet from Zerodha, which highlighted an issue at CDSL affecting all brokers

Sanghi Industries shares sink 12% as Board okays merger with Ambuja Cement

Under the deal, Ambuja Cements will issue 12 equity shares of the face value of Rs 2 each for every 100 equity shares of Sanghi Industries of face value Rs 10 each

Rupee weakens to new low of 84.93 as trade deficit hits record high

The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales

Best Agrolife share price gains 4% on bagging patent from OAPI for 20 years

The rally in Best Agrolife share price came after the company revealed that it has been has been granted a patent by OAPI for 20 years

Texmaco Rail share zooms 5% on securing order worth Rs 187 crore; details

The rise in the Texmaco Rail share price came after the company announced that it has secured an order of approximately Rs 187.41 crore from Chhattisgarh State Power Transmission Company Limited

Here's why Best Agrolife share was buzzing in trade on December 16; details

The rally in Best Agrolife share price came after the company announced that it has been assigned a patent for an invention, "Syndergistic Pesticidal Composition" for 20 years

Vakrangee shares skyrocket 10% as board to consider fundraising on Dec 21

The surge in Vakrangee share price came after the company announced that its Board of Directors will meet on Saturday, December 21, 2024, inter alia, to consider the proposal for raising of funds

FPIs return to equities; infuse Rs 22,766 cr in first two weeks of Dec

Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs 94,017 crore in October -- the worst monthly outflow on record. Interestingly, September had marked a nine-month high for FPI inflows, with a net investment of Rs 57,724 crore, highlighting the volatility in foreign investment trends. With the latest inflow, FPI investment has reached at Rs 7,747 crore in 2024 so far, data with the depositories showed. Looking ahead, the flow of foreign investments into Indian equity markets will hinge on several key factors. These include the policies implemented under Donald Trump's presidency, the prevailing inflation and interest rate environment, and the evolving geopolitical .

IndusInd Bank share drops 3%, hits 52-week low as UBS slashes target price

The fall in the IndusInd Bank share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports

Markets today: Inflation at 5.48%; Nov WPI; Wall St falls; Gemmological IPO

At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start

Vedanta board to declare 4th interim dividend on Dec 16; share price up 2%

The uptick in the Vedanta share price came after the company announced that the Board will meet on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares