Page 2 - Indian Investors

Sensex tanks 4,389 pts: Markets to derate; should long-term investors buy?

The S&P BSE Sensex index plunged over 6,200 points intraday, before settling 4,390 points, or 5.74 per cent, lower at 72,079 levels, on Tuesday

BHEL shares tank 8% after Q4 results miss street expectations

The fall came after the company announced its Q4 results, which missed street expectations.

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent

Exotic corporate debt products like SDIs lure yield-hungry Indian savers

Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti

Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors

It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs

Indian investors favour long-term bonds anticipating conservative budget

Recent bond auctions saw bids that surpassed expectations, said Alok Singh, group treasury head at CSB Bank

Rupee opens on flat note against US dollar in early trade on Wednesday

The rupee opened on a flat note and appreciated 1 paisa to 83.14 against the US dollar in the morning session on Wednesday, amid a muted trend in domestic equities. Forex traders said the rupee is trading with a slight negative bias amid selling pressure from foreign investors. At the interbank foreign exchange, the rupee opened at 83.15 against the dollar, then rose to 83.14, registering a rise of 1 paisa over its previous close. In the initial trade, the rupee touched an early low of 83.16 against the US dollar. On Tuesday, the rupee had settled at 83.15 against the US dollar. "Rupee was weakened on Tuesday as FPIs withdrew Rs 3,115 crores from share markets after a 1.5 per cent fall in indices. Wednesday's opening may pave the way to a move beyond 83.20 although in-flows are still there to counter any major demand from FPIs," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Meanwhile, Brent crude futures, the global oil benchmark

Centre to hold roadshow in Ranchi to woo investors for coal mine auction

The coal ministry will organise a roadshow in Ranchi to increase participation of investors in the commercial coal mine auction. Coal Secretary Shri Amrit Lal Meena will be the chief guest for the event while additional secretary M Nagaraju will be the guest of honour, the coal ministry said in a statement. "To enhance participation in commercial auction of coal mines, the Ministry of Coal is organising a roadshow at Ranchi on January 16," it said. The government launched the process for sale of 39 coal mines under eight rounds of commercial auctions and 31 under the ninth. These 70 coal mines are from the coal-bearing states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Of the said mines, 27 are fully explored ones and 43 are partially explored, the statement said, adding that seven are coking coal mines, while the rest are not. The mines have been finalised after detailed deliberations and those falling under protected areas

Food delivery major Zomato denies it is acquiring logistics firm Shiprocket

Deal for $2 bn is 'incorrect news, media speculation', says company in response to reports

Investors should limit their allocation to smallcap funds at 15-20%

Book profit if you have become overweight after the recent run-up

Broking industry adds 2.8 mn new investors in Nov amid surging stock prices

Also, a sharp U-turn in market secondary sentiment also helped draw new investors, said broking industry players

Indian investors need protection from manipulative short-selling practices

Third party reports and comments can affect markets and shake investor confidence

Sebi orders Jakraya Sugar, its directors to refund investors' money

Sebi has directed Jakraya Sugar Ltd and its directors to refund the money collected from investors without complying with the regulatory norms. In addition, these entities have been restrained from buying, selling, or otherwise dealing in the securities market "till the expiry of a period of three years from the date of effecting the refund". JSL's directors are -- Birappa Bhagwan Jadhav, Rahul Jadhav Birappa, Sachin Birappa Jadhav, Umadevi Birappa Jadhav, Manisha Sachin Jadhav, Lata Satyawan Bamane, Shubhangi Satyawan, Shridhar Vinayakrao Mane, Priyanka Rahul Jadhav, Paresh Suhas Dange, Bajarang Shivaji Jadhav and Bandopant Madhukar Sathe. Further, Sebi directed Jakraya Sugar Ltd (JSL), Birappa Bhagwan Jadhav, Rahul Jadhav Birappa, Sachin Birappa Jadhav, Umadevi Birappa Jadhav, Manisha Sachin Jadhav, Bamane and Satyawan will jointly and severally refund money collected from the investors with an annual interest of 15 per cent. In its interim order cum show cause notice, Sebi also

Cautious optimism

Global headwinds may add to volatility in stocks

Updater Services raises Rs 288 cr from anchor investors ahead of IPO

Integrated facilities management company Updater Services Ltd on Friday said it has raised Rs 288 crore from anchor investors days before the launch of its initial public offering (IPO). The firm has allotted 96 lakh equity shares to 18 funds at Rs 300 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website late Friday night. Among the anchor investors that participated in the bidding are Nomura Singapore, Citigroup Global Markets Mauritius Pvt Ltd, BNP Paribas Arbitrage, Societe Generale, ICICI Prudential Mutual Fund (MF), Bandhan MF and Aditya Birla Sun Life Insurance Company. The initial share sale, with a price band of Rs 280-300 per share, will be open for public subscription during September 25-27. The Rs 640-crore IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility ...

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

MG Motor India says will sell majority stake to Indians in 2-4 years

Carmaker owned by Chinese company SAIC Motor will raise Rs 5,000 crore through stake sale

Adani-Hindenburg row: SC to hear Sebi's plea seeking extension on May 12

Recently, Sebi moved an application in the court and sought six more months to ascertain possible violations related to misrepresentation of financials, circumvention of regulations

Israel min calls for Indian investors, backs India in combating terrorism

"Terrorism is not just an Israeli challenge. It's a global challenge. We knew, we are working together with India on how to make a better world," Israeli Economy Minister Nir Barkat said

Gold delivers positive returns eight years on the trot; at 16.1% in FY23

Analysts hope the recovery in the metal's prices will continue, but the movement of the dollar-rupee rate could limit the gains for Indian investors