Page 41 - Stock Markets

Quant trading and investment management firm Alphagrep raises Rs 930 crore

Quantitative trading and investment management firm Alphagrep on Wednesday said it has raised Rs 930 crore from investors for an alternate investment fund. The money has been raised for the Alphamine Absolute Return Fund which was launched in April 2022, according to a statement. The fund follows quant investment strategies that evaluate historical data and generate investment signals using a rules-based framework, it added. "Alphamine Absolute Return Fund follows systematic investment strategies. Our team has devised efficient strategies based on systematic algorithms which have enabled us to have a statistical edge," AlphaGrep Investment Management's chief executive Bhautik Ambani said. The investors include UHNIs (ultra high networth individuals), HNIs (high networth individuals), family offices, and channel partners, he said, adding that the company has paused the current fund for incremental subscriptions. The fund follows a dynamic multi-strategy long-short approach on liste

Global trends to dictate movement in markets this week, say analysts

Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows. "The market's stability may be influenced until the conclusion of state elections, at which point a discernible trend might materialize," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Foreign portfolio investors have largely been sellers in Indian markets since August. During August, September October and November till 15th FPIs cumulatively sold stocks for Rs 83,422 crores through the exchanges, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial ...

Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm

Stocks to Watch on Thursday, November 16, 2023: The RBI has asked Bajaj Finance to stop sanctioning and disbursal of loans under 'eCOM' and 'Insta EMI Card' segments with immediate effect

Easing inflaton lifts Sensex 742 pts, Nifty atop 19,650; Realty, IT lead

Closing Bell on November 15, 2023: Tech M, Wipro, Tata Steel, Infosys, Tata Motors, JSW Steel, TCS, Reliance Industries, Axis Bank, ITC, HCL Tech, and HDFC Bank were top Sensex gainers

Easing inflation, US yields: Key reasons why Sensex, Nifty rallied on Wed

Analysts said the recent inflation reading in the US suggests the Fed may be done with rate hikes and the timeline for rate cuts in 2024 could be sooner than expected

Stock markets edge higher in volatile trade amid weak global cues

Benchmark equity indices Sensex and Nifty edged higher on Wednesday after a volatile trade amid weak cues from Asian and European markets along with unabated foreign fund outflows. The 30-share BSE Sensex advanced by 33.21 points or 0.05 per cent to settle at 64,975.61. During the day, it hit a high of 65,124 and a low of 64,851.06. The broader Nifty went up by 36.80 points or 0.19 per cent to close at 19,443.50 with 29 of its components closing in green and the rest 21 in red. Among the Sensex firms, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers. ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel and Bajaj Finance were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude climbed 0.15 per cent to USD 81.73 a ...

WeWork Inc's bankruptcy filing will not impact India biz: CEO Virwani

Co-working space provider WeWork Inc. wishes to move forward with filing a bankruptcy sometime in the next week, as reported by The Wall Street Journal

Fed rate decision, macroeco data, earnings to dictate mkt trends: Analysts

The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched. "Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Ste

Four Ways to Make Returns in Stocks

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Street Signs: Name change fails to cut ice, Blue Jet GM at 25%, and more

The NSE Nifty declined by 1.1% after posting marginal gains in the preceding two weeks amid geopolitical tensions in West Asia and rising yields

Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens

Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel

Sensex snaps 3-day losing run, gains 261 pts in broad-based rally

Closing Bell on Tuesday, October 17, 2023: On the National Stock Exchange (NSE), the Nifty50 shut shop 80 points, or 0.40 per cent, higher at 19,812.

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade

This stock market behaviour can help you predict Cricket World Cup winner

In four out of the last five World Cups, the day the Sensex did this during the league period and the team won or lost the match on that day - if not a World Cup winner has at least been a finalist.

Markets gain for a second day as RBI maintains status quo on policy rates

Technology and financial stocks led the gains

Calm Vix index seen flaring up in wake of Lok Sabha elections in 2024

Despite experiencing sharp intraday fluctuations in recent sessions, the VIX index has consistently settled below 12

Tata Technologies pays Rs 25 lakh to settle shares issuance case with Sebi

Tata Technologies has settled with capital markets regulator Sebi a case pertaining to alleged violation of guidelines on disclosure and investor protection after paying a settlement amount of Rs 25 lakh. The order came after Tata Technologies filed a suomotu settlement application with Sebi proposing to settle "by neither admitting nor denying any conclusions" the enforcement proceedings that may be initiated against it for the alleged violation of DIP (Disclosure and Investor Protection) guidelines. "It is hereby ordered that any proceedings that may be initiated for the violations... are settled in respect of the applicant (Tata Technologies), the Securities and Exchange Board of India (Sebi) said in its settlement order passed on September 27. The company made preferential allotments multiple times during the period from December 27, 2000 to March 13, 2008. These allotments resulted in the issuance of shares to more than 49 shareholders in one financial year in violation of the

Stock market closed today on Gandhi Jayanti: List of all market holidays

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Soaring in first half of FY24, equity markets likely to hit air pocket

Benchmark and broader market indices up 11-42% but rising US bond yields, oil prices threaten to pull them down

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack