Page 15 - Market News

How India has gone to become the world's second largest shrimp producer

Once dogged by diseases, the shrimp sector saw a turnaround post-2009

Rupee gains in-line with equities, rises 16 paise to 79.65 against dollar

The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t

Does a ban on commodities futures trading help govt solve inflation woes?

Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise

India-France-Australia trilateral to focus on securing supply chains

The Ministerial level meet will also focus on stronger ties with the ASEAN bloc to counter Chinese influence, officials said

Oyo files fresh docs with Sebi for IPO in early 2023 as growth resumes

Oyo, formally known as Oravel Stays Ltd., is internally working toward a January IPO as executives are encouraged by a pick-up in demand

Broking biz will flourish for those who constantly upgrade: Emkay Global MD

"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa

BSE Mid-cap indices snap 12-week winning streak since August 2020

In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain

Hotel stocks order room service: See strong Q1, a stronger outlook

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

US Fed interest rate decision key driver for markets this week: Analysts

Equity markets will be driven by the outcome of the US Federal Reserve's interest rate decision this week, analysts said. Moreover, equity benchmarks will also continue to be guided by foreign fund movement and trend in Brent crude oil, they added. "The global markets are looking nervous after the US inflation numbers, which have caused the dollar index to hover around 110," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Now everyone is eyeing the outcome of the upcoming US Federal Open Market Committee (FOMC) meeting. The Bank of England will also announce its interest rate decision, Meena said. He further added that institutional flows will play a critical role because foreign investors have turned sellers in the Indian equity market. "In absence of any major domestic data and events, participants will be closely eyeing the US Fed meet. Besides, the trend of foreign flow would also remain on their radar," Ajit Mishra, VP Research, Religare Broking Ltd, said. Las

Valuations factor in multiple positives for Power Grid Corporation

Brokerages are positive given growth prospects, falling debt levels and high dividends

Bet on multi-cap funds for disciplined exposure across market caps

However, the minimum 25% exposure to each of the three market caps also makes them volatile

Crypto wrap: What to expect from the market after Ethereum's 'Merge'

With Merge, Ethereum has transitioned from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS). It is expected to cut energy consumption for minting the digital tokens by 99.5 per cent

Analysts bet on consumer financiers as festive cheer perks up loan demand

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

SEBI asks pharma companies to disclose details that can impact stock prices

The details that need to be disclosed are new drugs, pending patents, source of raw materials, and new partnerships, among others

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,

Mcap of seven of top 10 most valued firms climb over Rs 1.33 trn

The combined market valuation of seven of the top 10 most-valued firms climbed Rs 1,33,746.87 crore last week amid a firm trend in equities, with Tata Consultancy Services (TCS), Reliance Industries and Infosys leading the pack of gainers. Last week, the BSE benchmark advanced 989.81 points or 1.68 per cent. The market valuation of TCS jumped Rs 32,071.59 crore to Rs 11,77,226.60 crore. Reliance Industries added Rs 26,249.1 crore taking its valuation to Rs 17,37,717.68 crore. The market valuation of Infosys climbed Rs 24,804.5 crore to Rs 6,36,143.85 crore and that of ICICI Bank advanced Rs 20,471.04 crore to Rs 6,27,823.56 crore. The market capitalisation (mcap) of State Bank of India gained Rs 15,171.84 crore to Rs 4,93,932.64 crore and that of Adani Transmission went higher by Rs 7,730.36 crore to Rs 4,38,572.68 crore. HDFC Bank's valuation climbed Rs 7,248.44 crore to Rs 8,33,854.18 crore. From the laggards, the mcap of Hindustan Unilever declined by Rs 3,618.37 crore to Rs

Stock mkt still in a bear phase; see bumpy road to recovery: Goldman Sachs

One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise

Equity inflows at 10-month low in Aug, exchange traded funds gain traction

Average AUM for industry rose to Rs 39.5 trn, compared to Rs 37. 8 trn in July

Banks, FMCG: Time to bet on domestic economy-related sectors, say experts

Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes

Tough for India to replicate the outperformance over EMs: Manish Gunwani

We have relatively strong growth and a healthy corporate earnings cycle as positives, but a worrisome current account deficit and high inflation as challenges, says Manish Gunwani.