Indian Financial Markets

Jane Street shows dangers of treating finance as 'shampoo sachet'

Sebi's trading ban on Jane Street and freezing ₹4,840 crore ($570M) profits sends shockwaves through global finance and algorithmic trading markets

Exercise caution while approaching mid, small-caps: Karthikraj Lakshmanan

Large-caps have become relatively more attractive and there are some opportunities to pick good businesses at attractive valuations, he said

HDFC Bank's deposits increase 14%, gross advances grow 5.4% in Q4

The bank has securitised Rs 57,000 crore of loans in FY25, and in Q4 alone, the bank has securitised Rs 10,700 crore of loans

Sebi launches system to verify authenticity of notices and summons

Sebi warns NSDL for compliance on centralised database

GIFT City climbs global financial centre index, bolsters its hub status

Gujarat International Finance Tec-City (GIFT City) is India's first operational smart city and maiden International Financial Services Centre

Stock price moves unrelated to taxation: Economic Affairs Secy Ajay Seth

The secretary was responding to a query at a press conference in Visakhapatnam on whether the long-term capital gains tax rate of 12.5 per cent for equities is to blame for market's sharp correction

Sebi income rises 48% to Rs 2,075 cr in FY24, driven by fees, subscriptions

Capital markets regulator Sebi's total income rose 48 per cent year-on-year to Rs 2,075 crore in 2023-24, driven by increased earnings from fees and subscriptions. Of the total income, the regulator earned a fee income of Rs 1,851.5 crore, which was way higher than Rs 1,213.22 crore garnered in the preceding financial year, according to Sebi's annual statement of accounts 2023-24 made public on Tuesday. Additionally, income from investments widened to Rs 192.41 crore from Rs 161.42 crore and other income increased to nearly Rs 18 crore from close to Rs 15 crore. The Securities and Exchange Board of India (Sebi) acknowledged that fees and subscriptions are the major sources of its income. This category of income included earnings from annual fees and subscriptions, listing fees contribution from stock exchanges, income generated from registration, renewal, application and offer documents filed by companies and market infrastructure institutions. Overall, the market watchdog's total

Analysts pick sectors and stocks to invest in after Budget 2025; check list

Budget 2025: Budget announcements related to income tax reforms, consumption and agriculture production boosts, and so on were highlighted in the presentation

FPIs withdraw record Rs 94,000 cr from Indian equities in October

Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks. Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024. Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April and May, data with the depositories showed. Looking ahead, the trajectory of global events like geopolitical developments, interest rate movements, progress in the Chinese economy and the outcome of the US Presidential election will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director,

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance

The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations

Infra, state firms big winners as exit polls indicate PM Modi's victory

A third term for Modi is seen by some investors as bolstering India's economy and markets as the promise of policy continuity

Spandana Sphoorty Financial net profit jumps 79% to Rs 127 crore

Microlender Spandana Sphoorty Financial on Monday reported a 79 per cent jump in net profit at Rs 127 crore in the October-December quarter of current fiscal on improved asset quality, loan growth and higher interest income. The Hyderabad-based lender said its income jumped to Rs 657 crore, up 75 per cent, in the quarter under review from Rs 375 crore registered during the same period of last fiscal. Its net interest income also grew by 60 per cent to Rs 407 crore in October-December period. Loan book grew 52 per cent to Rs 10,404 crore at the end of the reporting period from Rs 6,852 crore a year ago, while net disbursement went up 8 per cent to Rs 2,543 crore on addition of 3.4 lakh customers. The lender's total borrower count rose to 29.6 lakh. Asset quality improved with gross bad loan ratio declining to 1.51 from 5.31 and net bad loans ratio to 48 basis points from 2.52, Shalabh Saxena, managing director of the company said in a statement. He further said the company's provi

Egypt to explore possibility of tapping Indian financial markets: Report

Egypt, facing a severe foreign currency shortage, has been struggling to attract foreign investment

Regulatory mishaps seem to dog the Indian financial markets permanently

One way out is to give constitutional status to regulatory agencies with systemic importance, like in the case of CAG, and CEC

'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout

India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

Rajasthan govt approves Rs 100 cr to strengthen traffic management system

The Rajasthan government has approved an additional financial provision of Rs 100 crore for strengthening the traffic management system in the state. The Integrated Traffic Management System (ITMS) is being strengthened to prevent accidents and tackle the increasing traffic pressure on roads, according to an official statement. Chief Minister ashok Gehlot has approved an additional financial provision of Rs 100.99 crore for this purpose, it said. This system will play an important role in ensuring speedy action against traffic rule violators, according to a proposal. Road accidents due to over-speeding and overloaded vehicles will also be curbed with the strengthening of the ITMS, it said. Under the ITMS, several systems will also come into place and these include automatic traffic monitoring and violation detection system, speed violation detection system, red light violation system and CCTV surveillance system, the statement said. There will also be a traffic monitoring center

India's FY24 growth to dip to 5.5% from 6.8% in FY23, says HSBC economist

India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said

Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023

Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations