Page 406 - Markets

Mutual fund inflows, equity market performance witness decoupling

Data shows that SIPs now account for 34 per cent of the total equity AUM compared to 25 per cent at the end of FY19

IT sell-off snaps markets' 9-day gaining streak; Infosys slumps about 10%

On Monday, however, FPIs, who have big exposure to the IT sector, sold shares worth Rs 533 crore

HDFC Bank stock's re-rating still some time away, say analysts

HDFC Bank shares: Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with HDFC Ltd

An updated perspective on India

While markets could remain choppy and correct more, thought leaders in the investment world have turned positive

HAL, PFC lead race for MSCI index, Adani Total, Kotak Bank in focus too

Analysts predict both PSU stocks to rake in huge passive inflows; Adani Transmission and Indus Towers could get removed from index

Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses

CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.

PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%

At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent

Stocks to Watch: Infosys, HDFC Bank, Zee Ent, Tata Motors, VA Tech Wabag

Stocks to Watch: Infosys delivered a weak performance in Q4 as its profit declined 6.9 per cent on a sequential basis, while revenue dropped 2.3 per cent QoQ

The world is volatile but luxury brands remain in vogue, says report

In the 2008 financial crisis, the sector had two quarters of lower sales, while global GDP contracted for four quarters

Neutral on Indian equities from a 12-month standpoint: Venugopal Garre

Equity returns will be low this year - and perhaps even lower than fixed deposit rates - if one holds positions for 12 months, says Venugopal Garre, MD at Sanford C Bernstein

Street Signs: Market's winning streak, new-age tech-listed firms & more

Technical analysts expect the index to face immediate resistance at 17,900-18,000, which, if broken, could decisively take the index beyond 18,200

Market regulator Sebi sets up framework for upfront collection of funds

Markets regulator SEBI on Thursday put in place a framework for upfront collection of funds from eligible issuers of debt securities to build the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation (LPCC). The eligible issuers would be notified by the LPCC as per its risk management policy, the Securities and Exchange Board of India (SEBI) said in a circular. LPCC is an entity established to undertake the activity of clearing and settlement of repurchase agreement transactions. Under the framework, SEBI said that an amount of 0.5 basis points of the issuance value of debt securities per annum based on the maturity of debt securities will be collected by the stock exchanges and placed in an escrow account before the allotment of the debt securities. This amount is applicable on a public issue or private placement of debt securities. The stock exchanges would transfer the amounts so collected to the bank account of the LPCC within one working day of the receipt of

Widening spread opens window for debt MFs to raise credit risk slightly

Difference in G-sec and AA corporate rises to 113 bps from 88 bps in six months

Market holiday: BSE and NSE closed today on account of Ambedkar Jayanti

Stock market holiday today: Full list of stock market holidays in 2023 here

Can a CEO change impact a company's stock performance? Some insights here

While the Covid-19 period saw CEO transitions take a back seat, Jefferies said that businesses are now dealing with changed macro / geopolitical situations

IDBI Bank gains 10% as report says RBI has begun bid evaluation process

According to Reuters, the RBI is evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023

Thus far in CY23, the stock has outperformed the market on the expectation of a sustained healthy performance ahead, supported by a steady volume growth

RBI okays re-appointment of Sanjay Agarwal as AU SFB's MD; stock surges 16%

The RBI approval removes a key overhang and will now shift the focus to the fundamental performance of the bank

Anand Rathi Wealth soars 6%, hits record high on strong Q4 result

Given the increase in incomes and savings, the management believes there is significant untapped market for the wealth management sector