Page 21 - Market News

Global shares mixed as Japan 'tankan' shows weaker outlook

Global shares were trading mixed Friday as a resurgence of Russian attacks dashed hopes for any quick end to the war in Ukraine. France's CAC 40 added nearly 0.2% in early trading to 6,670.87, while Germany's DAX rose 0.2% to 14,439.41. Britain's FTSE 100 gained 0.3% to 7,540.21. The futures for the Dow industrials and S&P 500 were 0.4% higher. The Bank of Japan's closely watched quarterly gauge of business sector sentiment, the tankan, showed the benchmark indicator for large manufacturers dropped for the first time in seven quarters, losing three points from a survey in December to 14 points from 17 points. The war in Ukraine, coming on top of supply chain disruptions at top manufacturers caused by COVID-19 restrictions and growing worries about inflation, especially soaring energy costs, are clouding the outlook for already fragile growth in the world's third-largest economy. The war is the biggest single factor weighing on markets, analysts say. Ukrainian President Volodymyr .

Investment via participatory notes rises to Rs 89,143 cr as of Feb-end

P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly

Ruchi Soya Industries' FPO sees strong demand from anchor investors

Ruchi Soya has priced its FPO in the range between Rs 615-Rs 650 per share. The issue price is 28-32 per cent lower than Tuesday's closing price of Rs 913 per share.

Prospects for India good, but expensive valuations limit upside: KIE

"Even after a 7 per cent correction from the top, India is still not cheap," said Kotak Institutional Equities' Pratik Gupta.

TCS' Rs 18,000 cr share buyback subscribed 4.5 times a day before close

According to an analysis done by Edelweiss Alternative Research, the acceptance ratio of TCS share buyback for retail investors could be 14.3 per cent

Interest in floater funds wanes over massive outflows, faltering returns

Amfi data shows that floater funds saw net outflows of Rs 10,323 crore, highest in the current financial year, in Feb

FPI selling continues for 6th month; net outflows at Rs 45,608 cr in March

Continuing their selling spree for the sixth straight month, overseas investors have pulled out a net Rs 45,608 crore from the Indian markets in March so far

Nine top firms gain Rs 1.91 trn in m-cap; RIL and Infosys biggest winners

Nine of the 10 most valued companies together added a whopping Rs 1,91,434.41 crore in market valuation last week, with Reliance Industries, Infosys and TCS emerging as the biggest gainers. ICICI Bank was the only laggard from the top-10 pack. Last week, the benchmark Sensex jumped 1,216.49 points or 2.23 per cent. From the gainers' pack, Reliance Industries Limited (RIL) added Rs 49,492.7 crore, taking its valuation to Rs 16,22,543.06 crore. The valuation of Infosys jumped Rs 41,533.59 crore to reach Rs 7,66,447.27 crore. The market valuation of Tata Consultancy Services (TCS) climbed Rs 27,927.84 crore to Rs 13,31,917.43 crore and that of Bharti Airtel zoomed Rs 22,956.67 crore to Rs 3,81,586.05 crore. The market capitalisation (mcap) of Hindustan Unilever Limited advanced Rs 17,610.19 crore to Rs 4,92,204.13 crore and that of HDFC Bank went higher by Rs 16,853.02 crore to Rs 7,74,463.18 crore. State Bank of India's valuation went up by Rs 7,541.3 crore to Rs 4,19,813.73 crore

PPFAS mutual fund to start accepting fresh inflows from March 15

Parag Parikh Flexicap mutual fund: However, as the overseas investment curbs are yet to be lifted, all the incremental flows will be deployed only in domestic stocks

A billion dollars a day, global funds keep selling India stocks

India's $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing nation

Equity MFs log Rs 19,705-cr net inflow in Feb amid market volatility

All 11 categories of equity funds saw net inflows, with flexicap witnessing highest inflows of Rs 3,873.56 crore

Broadcast resumes normally after prices stopped updating in 2 indices: NSE

The National Stock Exchange (NSE) on Monday said broadcast has resumed normally in Nifty and Bank Nifty indices after the prices had stopped updating in the two indices.

Investors' wealth tumbles over Rs 5.91 trillion in morning trade

Investors' wealth tumbled over 5.91 lakh crore in morning trade on Monday tracking heavy decline in equities amid intensifying conflict between Russia and Ukraine. Continuing its decline for the fourth day on Monday, the BSE gauge plummeted 1,735.98 points or 3.19 per cent to 52,597.83, tracking weak global equities and elevated crude oil prices. In tandem with the heavy plunge in equities, the market capitalisation of BSE-listed companies plunged by Rs 5,91,094.71 crore to Rs 2,40,88,326.67 crore in morning deals. Maruti Suzuki India, Indusind Bank, State Bank of India and Axis Bank emerged as the biggest drag from the 30-share BSE Sensex pack, tanking up to 6.72 per cent. "The extraordinary uncertainty triggered by the war has pushed commodity markets into turmoil. Crude at USD 128 is a big shock. This can impact global growth and aggravate inflationary pressures. Market is slipping into bearish territory," according to V K Vijayakumar, Chief Investment Strategist at Geojit ...

As markets sink, NSE says key index prices not updating intermittently

Prices of two key indices of NSE were not updating intermittently on Monday, the country's largest bourse said, amid plummeting markets as investors spooked by a sharp rise in oil prices

Investors' wealth tumbles Rs 86,742 cr as stocks plunge amid Ukraine crisis

Investors' wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine.

Sebi proposes to allow FPIs to participate in commodity derivatives market

Markets regulator Sebi has proposed allowing foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives market.

Investors' wealth jumps over Rs 7.7 trn as Sensex snaps 7-day losing streak

Investors' wealth on Friday jumped over Rs 7.72 lakh crore as the broader market clawed back some of its lost ground

CBI questions ex-NSE GOO over abuse of co-location facility by broker

The CBI has questioned former National Stock Exchange group operating officer Anand Subramanian in connection with its ongoing probe into alleged irregularities by a stock broker

Credit risk funds once again back on investors' radar, shows data

After witnessing sharp outflows in 2020, credit risk funds are once again back on investor radar

Street signs: Arbitrage opportunity from TCS buyback, MFI stocks & more

Brokerages are advising their retail clients to buy shares of TCS to gain from the arbitrage opportunity created by its Rs 18,000-crore buyback