Page 2 - Indian Equity Markets

Volatile Indian equity markets, flows capping downside: BofA on 2023

Revival in China's economic growth and policies could shrink this premium

Rupee falls 35 paise against US dollar amid heavy selling in equities

The rupee declined 35 paise to 82.63 against the US dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.54 against the dollar, then lost further ground to quote at 82.63, registering a fall of 35 paise over its previous close. On Friday, the rupee settled 10 paise higher at 82.28 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.35 per cent to 105.16. Brent crude futures, the global oil benchmark, advanced 0.66 per cent to USD 76.60 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 486.34 points or 0.78 per cent lower at 61,695.33. The broader NSE Nifty fell 138.

FPIs have invested Rs 4,500 cr in Indian equity markets so far in December

After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and infused Rs 4,500 crore in the Indian equity markets so far in December, mainly due to the decline in the dollar index. However, foreign portfolio investors (FPIs) turned sellers in the last four trading sessions and pulled out Rs 3,300 crore as they are adopting a cautious stance ahead of the US Federal Reserve's decision on the interest rate. Going forward, in the near term, FPIs are likely to make only modest purchases in performing sectors and may continue to sell and book profits in sectors where they are sitting on big profits, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. More money is likely to move into cheaper markets like China and South Korea where the valuations are compelling now, he noted. "Even though India will continue to attract foreign capital the high valuations in India will be a deterrent," Vijayakumar added. According to

What to expect from Indian equity markets in 2023 as performance cools

While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia

New norms likely to hit demand, keep CG Consumer stock under pressure

The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators

ASK Capital gets Central Bank of Ireland nod to launch India-based fund

UCITS is a regulatory framework of the European Commission for management and sale of mutual funds

Street Signs: Likely shift to broader market, PVC pipe firms to gain & more

After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

It raised Rs 216 crore by issuing fresh equity in the IPO

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

A great rotation brewing in Asia as investors head northern markets

Strategists at Goldman Sachs Group Inc. expect Asia's equity leadership to shift from Southeast Asia and India to markets like China and Korea next year

TMS Ep304: Slow deposit growth, Tech layoffs, S Naren, Twitter's blue tick

Why's RBI governor worried about deposit growth? Where did big tech and startups go wrong on hiring? What's worrying S Naren when it comes to equity markets? What is Twitter's blue tick? Answers here

LIC's shares jump nearly 6% after July-September quarter earnings

With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent

FPIs invest Rs 19k cr in equities in Nov on softening US inflation, dollar

This came following a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with the depositories showed

Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%

CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent

Analysts positive on Bank Nifty, advise picking up stocks on dips

Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis

How can trendlines help traders catch that perfect breakout?

If you have been following technical analysis in financial markets, you must have come across the word 'trendline'. But what is it? When should you plot them? How reliable they can be? Let's find out

FPIs sell Indian equities worth Rs 6k cr so far in Oct on strengthening USD

With this, the total outflow by Foreign Portfolio Investors (FPIs) has reached Rs 1.75 trillion so far in 2022, data with the depositories showed

What drove markets down the drain in Samvat 2078?

Equity markets battled a number of headwinds in Samvat 2078. As we enter Samvat 2079, we take a step back to delve into what led to a disappointing Samvat 2078 since last Diwali. Here's a report

TMS Ep285: Helicopter tourism, poverty, markets, Digital Banking Units

How unregulated is helicopter tourism? Has India's battle against poverty done well in recent past? Which stocks are brokerages betting on for Samvat 2079? What are Digital Banking Units? Answers here

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore