Page 16 - Market News

India, US correlation weakens as equity markets take divergent path

The BSE Sensex has declined merely 2.5 per cent, even as the Dow Jones declined close to 8 per cent.

Street Signs: GMP of TMB, DreamFolks positive, market trend positive & more

Analysts recommend traders to maintain a bullish bias and buy on dips

Resilient markets, positive FPI flows lift market volume in August

If domestic indicators are remedying, don't sweat the external factors, say analysts

FPI inflows hit 20-month high of Rs 51,200 cr in Aug as oil stabilises

Foreign investors have pumped in a little over Rs 51,200 crore into the Indian equity markets in August, making it the highest inflow in 20 months, amid improving risk sentiment and stabilisation in oil prices. This comes following a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in July, data with depositories showed. FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets. India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the US Federal Reserve along with quantitative tightening, said Manish Jeloka, Co-head of Products and Solutions, Sanctum Wealth. Arpit Jain, Joint Managing Director at Arihant Capital Markets, said inflation, dollar prices and interest rate will dictate FPI ...

Three of top-10 firms lose Rs 1.22 trn in mcap; RIL biggest laggard

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE benchmark Sensex dipped 30.54 points or 0.05 per cent. The market valuation of Reliance Industries fell by Rs 60,176.75 crore to reach Rs 17,11,468.58 crore. The market capitalisation (mcap) of TCS declined by Rs 33,663.28 crore to Rs 11,45,155.01 crore and that of Infosys dipped by Rs 29,012.22 crore to Rs 6,11,339.35 crore. From the gainers pack, HDFC Bank added Rs 12,653.69 crore, taking its valuation to Rs 8,26,605.74 crore. The valuation of Adani Transmission,

Adani Group companies contributed 79 per cent in total m-cap gain in 2022

While the m-cap of all the listed companies on the BSE has risen by Rs 12.74 trillion, seven listed companies of the Adani Group account for Rs 10.05 trillion of this, the report added

Regional movies' revenue doing little for PVR, Inox; stay away, say experts

While there may be some bounce back, risks from OTT, sparse revenue from South Indian movies may put pressure on stock prices

SAT quashes NSE order against Kotak Mahindra Bank in share pledging case

Says stock exchange only has jurisdiction over trading members and cannot issue directions to other entities

Stocks to watch: RIL, L&T Tech, ICICI Bank, Axis Bank, Lupin, Ashok Leyland

Stocks to watch today: ICICI Bank, Axis Bank, and IDFC First Bank have increased interest rates on deposits worth Rs 2 crore & above; BPCL plans to scale up renewable energy portfolio to 10 GW by 2040

Powell's Jackson Hole speech leaves crypto investors in a tough spot

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Indian markets may feel the pinch of Fed chief's hawkish comments: Experts

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

Govt clears ex-Standard Chartered banker as Sebi whole-time member

The appointment is for three years for a position vacant since November 2021

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

Global market trends, macro data to guide domestic stocks in this week

Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday. "Powell sounded ultra hawkish in his brief speech at Jackson Hole. Markets will be concerned about the tight monetary conditions persisting longer than expected. The near-term impact on equity markets will be negative," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Federal Reserve Chair Jerome Powell delivered a stark message on Friday: The Fed will likely impose more large interest rate hikes in the coming months and is resolutely focused on taming the highest inflation in four decades. "US Fed statement post the Jackson Hole symposium indicated the central bank's strong commitment towards controlling inflation o

Crypto wrap: Expect high volatility as inflation still a worry, say experts

Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally

Global bond inflows to emerging Asian markets signal shift in outlook

In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million

Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco

Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.

Sensex tanks 872pts, Nifty gives up 17,500 amid global sell-off; ITC shines

CLOSING BELL: Tata Steel fell over 4 per cent, while Asian Paints, Wipro, L&T, Bajaj twins, Ultratech Cement, Axis Bank, Sun Pharma, Tech M, ICICI Bank, & SBI declined in the range of 2-3.5 per cent

M-cap of five of top 10 firms declines Rs 30,737.51 cr, RIL biggest loser

Five of the top-10 valued firms together lost Rs 30,737.51 crore in market valuation last week, with Reliance Industries Limited taking the biggest hit. In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent. While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) were the gainers. The valuation of Reliance Industries declined by Rs 12,883.7 crore to Rs 17,68,144.77 crore. The market capitalisation (mcap) of State Bank of India fell by Rs 9,147.73 crore to Rs 4,64,436.79 crore. The valuation of Tata Consultancy Services (TCS) dropped by Rs 5,323.92 crore to Rs 12,38,680.37 crore and that of ICICI Bank by Rs 2,922.03 crore to Rs 6,05,807.09 crore. The mcap of Bajaj Finance dipped by Rs 460.13 crore to Rs 4,42,035.99 crore. On the other hand, the market valuation of Hindustan Un

Global trends, FIIs investment pattern to direct market this week: Analysts

With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said. "This week we have the August month F&O expiry where bulls are looking for rest after a gain in the August series," said Santosh Meena, Head of Research, Swastika Investmart Ltd. "There are not a lot of triggers but global cues, August month F&O expiry, and FIIs' behaviour will be important factors in the direction of the market," he noted. With the quarterly earnings season coming to an end, markets' focus would also move to the movement of the international oil benchmark Brent crude, apart from China-US geopolitical tensions and the Russia-Ukraine conflict. "This week, the scheduled derivatives expiry will keep participants busy. Besides, global cues especially from the US and figures of foreign flows will remain on the radar. Markets may witness consolidation after five weeks of ...