Page 7 - Indian Equities
Easy Trip Planners IPO to open on Mar 8; price band is Rs 186-187 a share
The size of the initial share sale is Rs 510 crore
 "Easy Trip Planners IPO to open on Mar 8; price band is Rs 186-187 a share")
Nazara Technologies IPO subscribed 4 times on first day of subscription
Nazara Technologies on Tuesday mopped up a little over Rs 261 crore from anchor investors
 "Nazara Technologies IPO subscribed 4 times on first day of subscription")
Indian shares drop as Treasury yields rise, financials drag
Shares fell for a second straight session on Friday
 "Indian shares drop as Treasury yields rise, financials drag")
Gold prices slip as US bond yields and equities dull its appeal
Spot gold fell 0.6% to $1,727.11 an ounce by 1016 GMT
 "Gold prices slip as US bond yields and equities dull its appeal")
National Stock Exchange defends communication over exchange shutdown
NSE defended its communication over the reopening of the bourse after an unexpected shutdown this week
 "National Stock Exchange defends communication over exchange shutdown")
Investor wealth slumps by Rs 3.7 trillion as equity markets tank
The equity market recorded its biggest single-day fall in two months
 "Investor wealth slumps by Rs 3.7 trillion as equity markets tank")
Pumping in $33.8 bn so far this fiscal, FPIs' holding at record $592.5 bn
Foreign portfolio investors (FPIs) have pumped in a whopping USD 33.8 billion into domestic equities and debt till February 15 this fiscal year -- the highest since FY15 when it was nearly USD 46 billion --taking their net outstanding investments to a record USD 592.5 billion, as per a report. Of the total FPI assets of USD 592.5 billion, USD 537.4 billion were in equities and USD 51.38 billion in debt, according to the data collated by Care Ratings. The maximum holding is in financial services sector at USD 191.3 billion, followed by software (USD 76.1 billion), oil & gas (USD 50 billion), automobiles & auto components (USD 26.9 billion, pharmaceuticals & biotechnology (USD 22.8 billion), sovereign (USD 21.7 billion--debt), household & personal products (USD 20.2 billion), capital goods (USD 19.8 billion), food, beverages & tobacco (USD 15.7 billion) and insurance (USD13.4 billion). These 10 sectors account for around 78 per cent of total assets under FPI ...
 "Pumping in $33.8 bn so far this fiscal, FPIs' holding at record $592.5 bn")
Asian investors cautious about Indian equities on high valuations: Report
Asian investors are turning cautious about the Indian markets due to concerns over high valuations, a Swiss brokerage said
 "Asian investors cautious about Indian equities on high valuations: Report")
Mid- and small-caps may gain from broader recovery but won't come cheap
Take limited exposure to these stocks and opt for the fund route if you aren't adept at direct investing
 "Mid- and small-caps may gain from broader recovery but won't come cheap")
Don't exit the market over fears of a correction in high equity valuations
Use the SIP route to average out costs, stick to your pre-decided asset allocation, or invest in an asset allocation fund to deal with the current highs in the market
 "Don't exit the market over fears of a correction in high equity valuations")
Mutual funds set to turn net sellers of equities after 6 years of buying
On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore
 "Mutual funds set to turn net sellers of equities after 6 years of buying")
Stocks could yield healthy returns over 3 years if earnings growth revives
Those who have become heavily overweight on equities should do some profit booking. But cashing out altogether will be a mistake
 "Stocks could yield healthy returns over 3 years if earnings growth revives")
Indian equities seen lagging other EM peers in the next few months
UBS, Credit Suisse see emerging markets doing well next year, but expect India to underperform, given its rich valuations
 "Indian equities seen lagging other EM peers in the next few months")
Crude price rally to benefit Indian equities in the near term
There is a positive correlation between oil prices and Nifty50 over past 5 years
 "Crude price rally to benefit Indian equities in the near term")
Reforms create room for higher foreign allocation to India: Morgan Stanley
Equity strategist says improved hopes on growth may be an opportunity for those who had pared their India bets in recent years
 "Reforms create room for higher foreign allocation to India: Morgan Stanley")
Market cap-to-GDP ratio likely to improve to 80% in FY21, says report
The report, however, said that India's share in world market-cap is at 2.3%
 "Market cap-to-GDP ratio likely to improve to 80% in FY21, says report")
Yesterday's laggards may be post-pandemic winners: IDFC AMC's Anoop Bhaskar
In a Q&A, the head-equities, Fund Management at the firm, says companies have proactively cut costs, so there may be a positive surprise on the margin front
 "Yesterday's laggards may be post-pandemic winners: IDFC AMC's Anoop Bhaskar")
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
 "Morningstar shifts to debt, says valuations for Indian equities stretched")
Difficulty in beating index a sign of maturity of Indian markets: Expert
"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"
 "Difficulty in beating index a sign of maturity of Indian markets: Expert")
FPIs remain net buyers in first week of August; pump in Rs 8,327 crore
The corporate fundamentals have been improving over the quarter and making many bluechip companies attractive for FPI investors
 "FPIs remain net buyers in first week of August; pump in Rs 8,327 crore")
