Page 77 - Indian Equities

Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs

Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals

FPIs invest Rs 30,385 crore in Indian equities in November so far

Foreign investors have been aggressively buying Indian equities in November, investing Rs 30,385 crore this month so far, on stabilisation in rupee and resilience of the domestic economy

FPIs investment in Indian equities rises 8% to $566 bn in Sept quarter

After declining for three consecutive quarters, the value of FPI investment in Indian equities rose 8 per cent quarter-on-quarter to USD 566 billion in the July-September period, according to a Morningstar report on Wednesday. A fast-changing global macroeconomic landscape, sentiments and opportunities that the Indian equity markets have to offer impacted the direction of flows by Foreign Portfolio Investors (FPIs). Through the quarter, the value of the FPI holdings domestic equities surged by 8 per cent to USD 566 billion from USD 523 billion recorded in the previous quarter. Further, the value of such investment was USD 612 billion in the March quarter and 654 billion in the quarter ended December 2021, as per the report. During the quarter ended September 2021, the value of FPI investments in Indian equities was USD 667 billion. Consequently, foreign investors' contribution to Indian equity market capitalisation also grew marginally during the quarter under review to 16.97 per

FPIs invest Rs 19k cr in equities in Nov on softening US inflation, dollar

This came following a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with the depositories showed

Can the outcome of US midterm election trigger a market rally?

The US midterm elections have historically marked bullish pivot points for the stock market, notwithstanding the outcome. Will this time be any different? And will this money chase Indian equities?

Rupee up 23 paise to 82.12 against US dollar in early trade as crude eases

The rupee appreciated 23 paise to 82.12 against the US dollar in early trade on Monday amid a positive trend in domestic equities and easing crude prices. At the interbank foreign exchange, the domestic unit opened at 82.14 against the dollar, then gained further ground to touch 82.12, registering a rise of 23 paise over its previous close. On Friday, the rupee appreciated by 53 paise to close at 82.35 against the US dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee started the trade with a gap-up trade tracking the overnight weakness of the dollar. However, most of the Asian and emerging market peers weakened against the greenback this Monday morning after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach and could cap appreciation bias of the local unit, Iyer noted. The key triggers for currencies this week will be the US inflation rate data followed by several speeches by Fed ...

Expect moderate returns in Samvat 2079: Bajaj Allianz Life's Sampath Reddy

We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving.

FPIs sell Indian equities worth Rs 6k cr so far in Oct on strengthening USD

With this, the total outflow by Foreign Portfolio Investors (FPIs) has reached Rs 1.75 trillion so far in 2022, data with the depositories showed

Domestic buying powering Indian equities but stocks yet to feel tight money

After recent downgrades, stocks comprising the country's benchmark Nifty Index are forecast to deliver around 15% higher income over the next 12 months than at the start of 2020

Risk-reward not favourable in near to mid term: Nomura India's Mukherjee

He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%

What's in store for the markets in the second half of FY23?

Benchmarks ended nearly flat after a challenging H1FY23. But the indices may be eyeing greater volatility in the remaining part of this fiscal. Find out how the next 6 months may shape up for markets

Indian equities' short-term outperformance

There's no dearth of high-quality corporate stories to keep investors interested, but a drop in valuations is likely if the international outlook worsens further

Equities, gold, FDs: Where should you invest as global headwinds blow?

The sharp reversal in the interest rate regime by global central banks and high inflation has eroded returns from equities. Where should an investor, with a surplus investable amount, put their money?

Indian equities' persistent performance

Over the past 30 years, despite a difficult backdrop, equity market returns are striking

Indices jump even as crucial Fed meet gets underway; Sensex up 578 points

Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors

Rupee gains in-line with equities, rises 16 paise to 79.65 against dollar

The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t

FPIs infuse Rs 12k cr in Indian equities in Sep on hopes of slow rate hikes

FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year

US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore

Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr

Drop in India's forex reserves worrisome as inflows slow down: Economists

India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday

FPIs infuse Rs 5,600 crore in Indian equities in September so far

There is a clear trend reversal in FPI flows from July onwards since when overseas investors turned buyers in India after nine straight months of massive net outflows, which started in Oct last year