Page 91 - Market News

FPIs pull out Rs 2,038 cr in September amid rising Indo-China tensions

According to the depositories data, a net Rs 3,510 crore was withdrawn from equities, while Rs 1,472 crore was pumped into debts by FPIs between September 1-11

Multi-cap funds must invest 25% each in small, mid, large-cap stocks: Sebi

As a result, a lot of multi-cap schemes' investment were skewed towards the large-caps

Morningstar shifts to debt, says valuations for Indian equities stretched

The firm believes that investors are relying on the benefits of future growth opportunities to stoke returns, which may not be good investor behaviour

Happiest Minds IPO subscribed 151 times, sees bids worth Rs 58,000 cr

Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital

Investors can look at dynamic asset allocation funds: DSP Mutual Fund Prez

'Markets have generally been more expensive than the historical averages for some time now', said Parekh

Bharat Dynamics shares crash 13% as Centre launches OFS to divest stake

Rs 900-crore share sale gets bids worth Rs 720 crore from institutional investors; retail portion to be auctioned on Wednesday

Page Industries: Muted earnings visibility, high valuation hurt sentiment

Muted earnings visibility is a key reason for the stock's decline

Allcargo shares shed nearly 4% as delisting floor price disappoints

The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday

Investor wealth declines by Rs 2.36 trn as domestic markets close in red

The 30-share BSE Sensex tanked 633.76 points or 1.63 per cent to close at 38,357.18. During the day, it tumbled 741.17 points to 38,249.77

Brokerages likely to tap into clients' appetite for overseas trading

At least three major brokerages are looking at making such offerings available to their clients

Vedanta: Delisting price may be significantly higher, say analysts

Improving fundamentals suggest promoters of the base metals major may need to pay more; reverse book-building holds key for price discovery

Gold prices decline Rs 614 to Rs 52,314/10 gm, silver tanks Rs 1,799

Gold prices in the national capital declined Rs 614 to Rs 52,314 per 10 gram on Wednesday tracking weakness in the international market, according to HDFC Securities. In the previous trade, gold had closed at Rs 52,928 per 10 gram. Silver also tanked Rs 1,799 to Rs 71,202 per kg from its previous close of Rs 73,001 per kg. "Spot gold prices for 24 karat in Delhi were down Rs 614 with a decline in international prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said. In the international market, gold was quoting down at USD 1,963 per ounce and silver at USD 27.87 an ounce. "Gold prices pared previous gains as investors switched to riskier assets after the US and China showed recovery in manufacturing activities," he added. Reliance Securities Senior Research Analyst Sriram Iyer said, "Domestic prices witnessed a correction in Wednesday afternoon trade tracking the overseas prices.

Market may be due for both price and time-wise corrections: Jigar Shah

The current rally has an implied assumption that interest rates will remain permanently negative and inflation 'pick up, but this is quite unlikely

Mobile-based trading jumps amid lockdown, makes up 25% of cash market deals

Experts say spike can be attributed to limited availability of dealing room staff

One month on, Sebi's one-time settlement scheme remains doubtful starter

High settlement amount and prosecution from other probe agencies draws little interest

Societe Generale sells ICICI Bank shares worth nearly Rs 341 crore

As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip

Commodity picks: 24 August, 2020

Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market

KKR India sells CG Power shares worth Rs 30 cr through open market ops

KKR India Financial Services sold 96,10,588 shares of the company at an average price of Rs 16.85 apiece on the NSE, as per the bulk deal data

Max Healthcare gains on stock market debut, hits 5% upper limit

At close, the company is valued at Rs 10,108 crore; firm has been created following demerger of Max India's hospital business and subsequent merger of Radiant Life Care

Auto stocks see sharp recovery, index gains over 70% after falling in March

Domestic institutional investors have raised their weights to the sector