FII selling in Indian stock markets will stop this month – analysts

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 […]

NSE gets SEBI nod to launch midcap index futures

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 […]

Don’t Buy the Dip – warn experts on stock market sell-off

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 adds stock trading, demat account service in tie-up with Upstox

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 […]

COVID-19: Stock Markets will ‘wait and watch’ for 1 week

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 markets likely to find near-term bottom on Tuesday

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 […]

MARKET CORRECTION: Good time to invest?

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 […]

Way2Wealth: SAT stays SEBI order in NSE leased line case

The Securities Appellate Tribunal has stayed an order by the stock markets regulator imposing strict restrictions on stock broker Way2Wealth in the ‘NSE leased line’ case. The Securities and Exchange Board of India had, two weeks ago, imposed penalties and restrictions on several parties, including the National Stock Exchange, for facilitating or indulging in unfair […]

Modi govt schemes well-regarded in rural areas-Phillip Capital

Broking firm Phillip Capital said it saw “good execution” and “very positive feedback” on central government policies announced by Modi government over the last four years in Madhya Pradesh and Rajasthan, and said a close fight — regardless of the outcome — would not have a significant impact on the stock markets. “We keep hearing […]

Nifty likely to remain below 10,000 as stocks enter long-term correction

The key Nifty 50 stock index in India is likely to breach the 10,000 support mark this week as the Indian stock market enters what many have called its deepest correction since the 2008 financial crisis. The Nifty, which reflects the stock prices of 50 bluechip stocks traded on the National Stock Exchange, had gone […]

MARKET TURMOIL: RBI, SEBI says ‘closely monitoring’ situation

The Reserve Bank of India and the Securities and Exchange Board of India are “closely monitoring recent developments in financial markets” and are ready “to take appropriate actions, if necessary,” India’s central bank said in a one-line statement on Sunday. The move comes in the wake of what looks to be the beginning of prolonged […]

SC orders examination of auditing practices in India

The Supreme Court has directed the government of India to set up a committee to suggest reforms in rules and regulations governing accounting and auditing services companies in India. The three-member committee has been asked to suggest a revamped regulatory mechanism for big auditing firms within two months. The order came in a public interest […]

SEBI asks IIT Bombay for ways to regulate high-frequency trading in India

The Securities & Exchange Board of India has tapped Indian Institute of Technology, Bombay to submit a report on the various options to regulate algorithm trading in India. The appointment of IIT Bombay to help with the matter comes in the context of the SEBI’s ongoing consultation with industry and other stakeholders for framing rules […]

Are ‘truly free’ demat and trading accounts here in India with Finvasia?

Finvasia, a technology-driven online broking start-up, announced that it has rolled out what it claimed was India’s first ‘truly’ free online demat account for investing in stocks and derivatives, including futures. There have been many ‘free demat account’ providers in the past too, but such operators usually find some way or the other charge their […]

US Fed unlikely to reverse quantitative easing this year: HDFC Securities

Broking and financial firm HDFC Securities Ltd said it does not expect the US Federal Reserve to start sucking out the liquidity that it has infused into the global financial market in the last nine years any time soon. The comments came in the wake of the release of the minutes of the Federal Open […]

Stock markets pricing in a BJP win in Uttar Pradesh – analyst

The recent strength in India’s key stock market indices indicates that market participants are pricing in a victory for the Bharatiya Janata Party in Uttar Pradesh, according to an stock market analyst. India’s largest state has been busy electing its next legislative assembly for almost a month. The first phase of elections in the state […]

Good time to buy Indian stocks – Morgan Stanley

Global financial services major Morgan Stanley said India seemed poised for a five-year growth cycle for equities due to favorable macro-economic factors. “India’s macro stability remains in its best shape in several years and policy momentum is the best since 2007. Financial conditions look easy and the inflation trajectory suggests more rate cuts are in […]