The mutual fund industry maintained its growth momentum in September 2023 despite some moderation in inflows into equity funds. Total assets under management (AUM) of the industry stood at Rs.46.6 trillion at the end of September, largely unchanged from August 2023 levels. Equity and equity-oriented funds, which make up the largest component of mutual fund […]
Hong Kong-based brokerage CLSA has raised its recommendation on Indian equities to a 20% overweight, up from a 40% underweight previously. This makes India the most preferred market within CLSA’s Asia ex-Japan portfolio. The upgrade was funded by lowering exposure to China and Australia. With this, CLSA’s portfolio now deviates considerably from MSCI’s Asia ex-Japan […]
This is the second of a multi-part series on cryptocurrency, examining the dream and promise behind cryptocurrency, the evolution of the technology, the challenges faced by it on the way, and finally, its future. It is suggested that you read the first part before reading this. The premise behind Bitcoin and the blockchain was inspiring […]
An analysis of the fund flows this year so far shows that a whopping 42% of FII’s total inflows into India’s public market in 2023 have been into into passive funds
The Indian stock markets are flying high, with the benchmark Nifty 50 index having nearly doubled from its March 2020 lows. The Sensex has also hit multiple record highs this year. However, this incredible rally has pushed valuations to record levels, raising concerns if the market is overheated. Stretched Valuations Across Indian Stocks and Indices […]
Equity mutual funds witnessed strong net inflows of Rs 279.2 billion in August 2023, a significant improvement compared to July’s Rs 100 billion net inflow. This was driven by continued robust flows into small cap, mid cap and multi cap schemes. Meanwhile, systematic investment plan (SIP) contributions hit another record high of Rs 158.1 billion […]
An analysis of the futures & options trends indicate that NSE Nifty 50 index is expected to face resistance at around 18,000-18,200 points this week, and will find support between 17500-17300. With uncertainties around Fed, Budget and global economy persisting, traders appear wary of taking large bets. This implies rangebound action will likely continue into […]
While 2023 has been a wild ride for stock investors in India so far, market volatility doesn’t mean that there aren’t enough front-line stocks with interesting tales of their own this year. There are several stocks that could outperform on the back of strong fundamentals and growth drivers, from sectors ranging from lending, IT services, […]
In the world of finance, the relationship between U.S. Treasury bond yields and the stock market has traditionally been inverse: when bond yields rise, stocks tend to fall, and vice versa. The logic behind this inverse relationship is grounded in fundamental economic principles. Another, more recent reason is that when US treasury bond yields rise, […]
The relentless selling of stocks by foreign institutional investors or FIIs is likely to ‘taper off’ by the end of the current month, according to an analysis of FII fund flows into India by Maximus Securities Research. “The FII selling is expected to taper off by end of March’22, After which we expect normal market […]
National Stock Exchange of India said it received approval from market regulator Securities Exchange Board of India (SEBI) to launch derivatives based on the Nifty Midcap Select Index. The Exchange will launch these index derivatives from January 24, 2022. “The current availability of index derivatives on the exchange is largely focused on either the large […]
With the Indian stock markets, along with indices like the Nifty and Sensex, seeing ferocious correction today, the general advice from market experts to retail investors have been to ‘cherry pick’ stocks and rebuild one’s portfolio at these lowered valuations. However, there are also those who go against this ‘mainstream narrative’ and urge a heightened […]
Vakrangee Ltd, which runs over 13,200 digital kiosks across the country, said its franchisees will now be able to offer share trading and demat account opening services thanks to a tie-up with stock trading app Upstox. Vakrangee Kendras already offer a variety of internet-enabled services, such as bank account opening, issue of government certificates, money […]
Indiabulls Housing Finance said its offer of non-convertible debentures — a kind of fixed deposit in the company — has generated total retail collection of Rs 807.8 cr. Under the issue, the company was targeting to raise up to Rs 1,000 cr, including a ‘greenshoe’ option of Rs 800 cr that depended on demand. The […]
Stock markets extended their losses on today, with the Nifty 50 falling by around 2.5% to 8,967. Among the biggest drags were ICICI Bank, which fell nearly 9%, indicating that large, foreign portfolio investors are exiting their long positions in the market. With this, the Nifty 50 index is now down 27.5% from its all-time […]
Stock market indices, including India’s Sensex and Nifty 50, are likely to find their short-term bottom today, after a savage correction on Monday in both the Indian markets as well as US markets. The Dow Jones Industrial Average suffered another massive setback on Monday, dropping by a massive 13% to 20,188. With this, 30-stock US […]
Major Indian stock market indices fell by 8-9% today in the biggest single-day fall since the global financial crisis of 2008. The Sensex fell 2,919 points (8.2%), while the Nifty 50 fell 868 points (8.3%) — by far the biggest single-day points correction in the history of these two indices. GOOD TIME TO INVEST? The […]
ECL Finance Ltd, the NBFC arm of Edelweiss Group, said investors can subscribe to its new series of debentures — a type of debt instrument — from Monday, Nov 4. The bonds will carry interest of 9.9%-10.41%, depending on the tenure. The base issue will comprise 10 lakh debentures of Rs 1,000 each, amounting to […]
Eros International Plc, listed on the New York Stock Exchange, denied short-seller allegations about financial misappropriations at the the India-based content aggregation company said it was also working with CARE Ratings to address their concerns. It also announced a $20 million (Rs 138 cr) share repurchase program. The company’s stock also took a knock last […]
ECL Finance Ltd, the NBFC arm of Edelweiss Group, said it plans to raise up to Rs 1,000 cr in the form of non-convertible debentures, a form of debt. The non-convertible debentures have a face value of Rs. 1,000 each, and the company could raise anywhere between Rs 250 cr or Rs. 1,000 cr, depending […]
