Page 6 - Stocks

FPIs take out Rs 14,800 cr from domestic stocks after election results

Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks. The outflow came following a net outflow of Rs 25,586 crore in May on poll jitters and more than Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed. From a medium to long-term perspective, the direction of interest rates will remain a key driver for foreign investment flows into the Indian equity markets. According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 14,794 crore this month (till June 7). The general election results in India significantly influenced foreign investor flows in Indian equity marke

Stable policy, revenue visibility, regulated margins triggers for NTPC

The receivables situation may become significant, given the prior history of the power sector

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

Explained: What is pump and dump scheme in stock market and how to be safe

The pump and dump schemes are operated through recommendations shared through Telegram and other social media channels, resulting in public shareholders purchasing the stock at an inflated price

Highest-ever advancing stocks on BSE in April amid sharp rebound in markets

The previous high was 2,322 gainers recorded in January

Bharti Airtel issues shares worth Rs 246 crore to foreign debt bond holders

Bharti Airtel has allotted equity shares worth about Rs 246 crore to its foreign debt bond holders that are due for maturity in February 2025, according to a regulatory filing. The company had issued USD 1,000 million 1.50 per cent convertible bonds due 2025 in January 2020 that were convertible into company's fully-paid up equity shares. "We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of USD 34,281,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today i.e. on April 29, 2024, approved the allotment of 4,766,663 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holder(s) of FCCBs," Airtel said in the regulatory filing. Following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange has reduced to USD 204.690 million. "Paid-up equity share capital of the compan

Changing complexion: Adani stocks now have prominent investor base

FPIs under question no longer have significant exposure to these stocks

Market breadth improves as stocks rebound, ADR set for highest in 12 months

Foreign portfolio investors (FPIs) have stepped up their selling of domestic equities in the past one week

Financials, IT power stocks to record closing high before RBI rate decision

While the rate pause is a given, RBI's commentary on the inflation outlook will be crucial, especially for consumer stocks, said analysts

No link between social media stock tips and big returns in long run: ESMA

Regulators have been taking a closer look at social media, with Britain warning "fin-influencers" last week on the need for authorisation before promoting financial products online

Reliance Industries shares jump 4%, mcap again reaches Rs 20 trn mark

Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark. The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90. On the NSE, it climbed 3.48 per cent to Rs 2,983.75 per share. The company's market capitalisation (mcap) jumped by Rs 70,039.26 crore to reach Rs 20,21,486.59 crore. In volume terms, 4.71 lakh shares of the company were traded on the BSE and over 81.63 lakh shares on the NSE during the day. Rally in the stock was instrumental in driving the markets higher. The 30-share BSE Sensex jumped 526.01 points or 0.73 per cent to settle at 72,996.31. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65. "The gains were led by industry heavyweight Reliance Industries and other energy stocks owing to a drop in crude oil prices," Avdhut Bagkar, Technical and Derivati

Smallcap stocks unlikely to enter the bear market soon, shows data

Amid the turmoil in the smallcap space, ISec believes stocks with high earnings yield and price/earnings-to-growth (PEG) ratio would offer better margin of safety

Revealed: Most bought stocks by mutual funds in February 2024

The highest MoM net buying in Feb 2024 was observed in HDFC Life and Adani Enterprises

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He also mentioned that the Group has understood the importance of "perception and brand" value after the Hindenburg affair

SBI shares fall nearly 2% after SC's verdict on electoral bonds details

The bank has been asked to divulge the details of electoral bonds by March 12

Tata Grp shares slip up to 12% amid report of Tata Sons trying to avoid IPO

However, Trent rallied 5 per cent to hit a record high of Rs 4,162.40, while Tata Consultancy Services (TCS) was up 1 per cent on the BSE

Despite volatility, 2/3 of small-caps still multi-baggers from pandemic low

The Securities and Exchange Board of India defines a large-cap company as one which is among the top 100 stocks in terms of market value

Market regulator Sebi considers tweaks to MF stock categorisation framework

More stocks could get added to large-, mid-cap universe; Move could give fund managers more flexibility

Weak Q3 FY24 performance weighs on SBI Card, AU Small Finance Bank

Analysts downgraded the stock tracking elevated provisions, interest rates, and funding costs

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