Page 72 - Market News
Pitfalls in second-guessing markets
The crystal ball can never anticipate all big events that move the market, and impact economies and countries. And yet, we have an insatiable desire to lap up forecasts
IPO fundraising halves to Rs 59,412 cr in 2022 despite LIC's mega offer
If one were to remove the state-owned insurer's Rs 21,008 crore offer, the figure would come to a third of the amount raised in 2021
 "IPO fundraising halves to Rs 59,412 cr in 2022 despite LIC's mega offer")
Stock markets maintain winning streak for seventh consecutive year
Outperform most global peers even as returns moderate to just over 4% in 2022
 "Stock markets maintain winning streak for seventh consecutive year")
Tech darling that rose 2,500% in 2021 now among India's worst performers
The beating in the company's shares has wiped away 129 billion rupees ($1.6 billion) in market value
 "Tech darling that rose 2,500% in 2021 now among India's worst performers")
Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel
Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.
 "Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel")
BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr
The fund house along with five individuals pay Rs 3.93 crore for the settlement
 "BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr")
Invest in long-term debt? Dynamic bond fund managers on the fence
In November, nearly half the dynamic bond fund (DBF) schemes raised the allocation to medium-to-longer-duration papers
 "Invest in long-term debt? Dynamic bond fund managers on the fence")
Sebi mulls fresh CDS play for MFs as it seeks to boost corporate bond mkts
Regulator sets up working group to spot lacunae in failed framework introduced over a decade ago
 "Sebi mulls fresh CDS play for MFs as it seeks to boost corporate bond mkts")
Sebi proposes regulatory framework for index providers, Rs 25 cr net worth
The regulator has floated a fresh consultation paper proposing provisions for eligibility, disclosures and audit
Sebi penalises clearing corporations for violations in Karvy Broking case
The broking firm had misused securities from clients through unauthorised pledging which were used to raise funds from several banks
Will the current reopening of Chinese economy end India's outperformance?
A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales
 "Will the current reopening of Chinese economy end India's outperformance?")
Sebi may prescribe higher net-worth needs for qualified stockbrokers
Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI
Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power
Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.
 "Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power")
After a year of outperformance, Indian equity markets to see turbulence
From all-time highs to heightened volatility, The second of the yearender series assesses the market's trajectory
 "After a year of outperformance, Indian equity markets to see turbulence")
Elon Musk warns against margin debt on risk of market 'mass panic'
I would really advise people not to have margin debt in a volatile stock market, Musk said
 "Elon Musk warns against margin debt on risk of market 'mass panic'")
Rupee rises by 10 paise against US dollar tracking early gains in equities
The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets. Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee's gains, according to forex dealers. At the interbank foreign exchange market, the rupee opened higher at 82.78 to a dollar against the previous close of 82.84. The domestic unit appreciated further to hit a high of 82.73 before trading at 82.74 at 0930 hrs, showing gains of 10 paise over the previous close. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 103.87. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 82.57 per barrel. In the domestic equity market, the 30-share BSE Sensex rose by 397.14 points to 61,464.38 while NSE Nifty advanced 119.65 points to 18,318.75. Foreign institutional investors (FIIs) turned net
 "Rupee rises by 10 paise against US dollar tracking early gains in equities")
Gold, silver rates rise in early trade; yellow metal selling at Rs 54,650
Ten gram of 22-carat gold was trading at Rs 50,100 today
 "Gold, silver rates rise in early trade; yellow metal selling at Rs 54,650")
Sebi suspends trading of agri commodity derivatives for 1 more year
Data showed that before the ban last year, the aforementioned commodities contributed nearly 54 per cent of the total deposits in NCDEX between April 2021 and July 2021
 "Sebi suspends trading of agri commodity derivatives for 1 more year")
Gold falls by Rs 380, silver jumps; yellow metal trading at Rs 54,110
Ten gram of 22-carat gold is selling at Rs 49,600 after the prices remain unchanged from previous day, according to the GoodReturns website
 "Gold falls by Rs 380, silver jumps; yellow metal trading at Rs 54,110")
After Binance, crypto exchange CoinDCX publishes Proof of Reserves
The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors
 "After Binance, crypto exchange CoinDCX publishes Proof of Reserves")