Gift Nifty down 60 points; here's the trading setup for today's session
Equities in Asia mirrored weakness on Wall Street while Treasuries steadied following a rally after fresh data indicated labor market softness. equities in Japan and Australia opened lower while futures contracts for Hong Kong benchmarks also slipped. That followed a third daily decline for the S&P 500. Key Points
Economic TimesETMarkets Smart Talk: Key risk to watch out! FII flows into Indian equities could slow down: Harini Dedhia
The last few months are more for campaigning/sloganeering rather than actual spending. To that extent, I feel that we may see a tempering of actual capex spend from the government over the next couple of quarters. A real pick-up would be once the new cabinet is in place. For now, we would like to take advantage of any volatility in the prices of capital goods companies to add some from the ‘flow category of companies to our portfolio. Key Points
Economic TimesIndian shares rise ahead of RBI rate decision
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Friday, tracking gains in global equities on easing U.S. yields and cooling crude prices, while markets awaited the Reserve Bank of Key Points
ThePrintIndian shares set for muted open as US jobs data fuels rate concerns
Indian shares are set for a subdued start on Friday, tracking weakness in global peers, after data indicating strength in the U.S. labour market fuelled concerns of further monetary policy tightening. Key Points
ReutersFasten seat belt! Dalal Street bulls all set to ride Nifty50 to fresh highs in June
Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high. Key Points
Economic Times
FPIs invest Rs 37,316 crore in May on strong domestic macro fundamentals, reasonable valuation
Foreign Portfolio Investors (FPIs) have invested Rs 37,316 crore in Indian equities in May, the highest in the past six months. This inflow is attributed to strong macroeconomic fundamentals and reasonable stock valuations. A positive resolution on the US debt ceiling and good domestic macro-economic data could lead to fresh asset flows from foreign investors. The recent quantitative tightening cycle in the US and India's outperformance in global equities has improved the FPI flow outlook. The sustained buying by FPIs has pushed the NSE's Nifty benchmark index up 2.4% in May so far. Key Points
Economic TimesMarkets fall for second day running; IT counters drag
Market benchmark indices declined in early trade on May 17, extending their previous day’s fall, dragged down by IT counters and a weak trend in the U.S. equities. Key Points
The HinduMarkets end flat in volatile trade amid weak trends in global equities
Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 2,123.76 crore, according to exchange data. Key Points
FinancialexpressETMarkets Smart Talk: Why Kunal Vora of BNP Paribas India prefers IT sector despite headwinds & financial
With inflationary pressure easing, RBI has already paused the rate hike cycle and the expectations are similar from major global CBs in the upcoming meets. Bond yields have come off from the peak which is positive for equities. Key Points
Economic TimesLonger term growth for private banks can be faster than industry: Karthikraj Lakshmanan, UTI AMC
The markets may be volatile closer to general elections as we have seen in the past instances and have seen varied market reactions for different outcomes. However, eventually, the market fundamentals along with continuity of reform measures and fiscal prudence matters more for the equities. Hence, the approach needs to be far more focused on long term fundamentals than rejig the portfolio for general elections or any other event when it comes to long-term investing. Key Points
Economic Times
As equity market rebounds, is it time to go full throttle on stocks?
The Indian stock market has delivered positive returns in April and May after underperforming in the first quarter of 2023, but experts urge caution. Rising interest rates affected both equity and debt returns in the first quarter, but Lotusdew Wealth CEO Abhishek Banerjee suggests a relatively stable or falling interest-rate environment could boost equities. HDFC Securities' Deepak Jasani recommends investors move into debt to take advantage of the current peak in rates, but warns against shifting to equity too quickly. Meanwhile, TrustPlutus Wealth's Kaizad Hozdar calls for a systematic allocation to equities to benefit from an eventual recovery. Key Points
Economic TimesAmid uncertainties, investors must focus on smallcaps for gains
Indian equity markets have rebounded following underperformance in the first quarter. The Nifty50 has increased over the past two months, gaining around 950 points or 5.5%. Despite the Reserve Bank of Indias move to halt its rate-hiking cycle, the real threat to Indian equities comes from global headwinds affecting inflation. Analysts believe it may be a stock-pickers market and investors should place emphasis on robust business models and low debt, as well as strategic allocation. Experts recommend a ‘perfect balance should be maintained, unique to each individuals risk appetite. Key Points
Economic TimesBest to stick to companies that deliver; avoid bottom-fishing, says Apurva Sheth of SAMCO Securities
Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities, believes that geopolitical risks and rising US bond yields are major worries. In an interview with Livemint, he recommends sticking to companies that are delivering consistently rather than trying to bottom fish. Key Points
mintFPIs invest ₹8,767 cr in equities in April so far, IT stocks may face selling after TCS, Infosys Q4 results.
As per NSDL data, FPIs invested ₹8,767 crore in Indian equities so far in April month. On the other hand, they are net sellers in the debt market with an outflow of ₹1,025 crore, while removing ₹200 crore and ₹193 crore from debt-VRR and hybrid instruments. Key Points
mintHarassment and drugs plagued a Citigroup division for years
A recent expose reveals a culture of harassment and discrimination within Citigroup's equities unit in New York. Interviews with 22 insiders describe a decade-long pattern of misconduct, including ogling female colleagues, rating them by looks, and discussing sexual conquests. Complaints to HR and senior executives yielded little change, with some alleged perpetrators still employed. Citigroup, known for its efforts towards inclusivity, faces scrutiny over its handling of the situation amidst ongoing efforts to boost its equities trading revenue. Key Points
Economic TimesJapan's Nikkei hits record high as Nvidia lifts Asian tech
By Kevin Buckland TOKYO (Reuters) -Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintIndian shares set to open higher on improved global rate outlook
Indian shares are set to open higher on Friday and are bound for a fourth straight weekly gain on expectations that interest rates have peaked in the U.S. and Europe, while foreign buying re-emerged in domestic equities. Key Points
ReutersIndian shares set for muted open ahead of June quarter earnings
Indian shares are set for a subdued start on Monday after investors secured profits at near record-high levels in the previous session on U.S. rate concerns, ahead of the corporate earnings for the June quarter. Key Points
ReutersMarket valuation of BSE-listed firms hit lifetime peak of Rs 301.10 lakh crore
The market capitalisation of BSE-listed firms hit a lifetime peak of Rs 301.10 lakh crore in morning trade on Thursday, driven by a positive trend in domestic equities. Key Points
The Tribune IndiaRupee up 30 paise to 81.95 against U.S. dollar
The rupee rose by 30 paise to 81.95 against the U.S. dollar in early trade on Friday amid gains in domestic equities and losses in crude oil prices. Key Points
The Hindu
FPIs continue to bet on Indian equities; infuse Rs 30,600 cr in Jun so far
Foreign portfolio investors (FPIs) have invested over Rs 30,600 crore ($4.5bn) in Indian equities in June, amid support for the country's macroeconomic stability and corporate earnings at a time of difficult conditions in the US and UK. They also invested Rs 3,051 crore in the debt market, attracted by the yield offered on Indian securities. FPIs had withdrawn Rs 34,000 crore during January and February before returning in force. However, further US interest rate hikes could cause fund inflows to fluctuate, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities. Key Points
Economic TimesPre-market action: Here's the trade setup for today's session
The rupee pared all its initial gains to settle just 1 paisa higher at 83.14 against the US dollar on Monday, as the support from lower crude oil prices in international markets was offset by a weak trend in domestic equities. Key Points
Economic TimesIndia's blue-chips set to continue ascent towards new record highs
Indian shares are set to open higher on Thursday, with the benchmark indexes inching towards new record highs, as bets of U.S. interest rate cut by March 2024 have triggered foreign inflows ahead of key macroeconomic data. Key Points
ReutersIndian stocks rise after US inflation data breather
India's blue-chip stocks rose on Friday after logging losses for the past six sessions, after U.S. treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries. Key Points
ReutersAuto, energy sectors drag sensex, Nifty; small and mid-caps outperform
India Business News: Indian shares closed lower on Tuesday due to mixed auto sales data in September and concerns over elevated interest rates. The Nifty 50 index fell 0.5 Key Points
Times Of India
What should be a good asset allocation, short, medium and long term? Maneesh Dangi answers
Get into more diversified assets; equities are too expensive, says Maneesh Dangi. “Within India versus US, you would look at India more favourably versus US right now. But again, in absolute terms you will have to be underweight equity, because equities both in India and US actually are pretty expensive.” Key Points
Economic TimesForeign portfolio investment in Indian equities drop 11% to USD 542 bn in Jan-Mar quarter
The decline led to FPIs' contribution to Indian equity market capitalization falling to 17.3 per cent during the year under review from 17.8 per cent for March 2022. Key Points
FinancialexpressMarkets rebound in early trade amid foreign fund inflows, rally in U.S. equities
Equity benchmark indices began the trade on a firm note on Monday amid continuous foreign fund inflows and rally in the U.S. equities. Key Points
The HinduMarkets decline in early trade after 8-day rally; all eyes on U.S. Fed interest rate decision
Benchmark indices fell in early trade on May 3, halting their eight days of rally, ahead of the U.S. Federal Reserve’s interest rate decision and weak global market trends. Key Points
The HinduJP Morgan’s Kolanovic says ‘shaky’ tech rally is overstretched
Investors cheering the gains in technology stocks this year may not have much more to celebrate, according to JPMorgan Chase & Co.’s Marko Kolanovic. Key Points
mint
FPIs bring in Rs 30,945 cr in May on strong economic fundamentals
Foreign Portfolio Investors (FPIs) have invested Rs 30,945 crore in the Indian equities in May, taking net inflows to Rs 16,365 crore this year, according to data from depositories. Experts believe the investment trend will continue, given India's bright prospects for economic growth and corporate earnings. The pause in Reserve Bank of India's rate hike was the main trigger for inflows, according to Divam Sharma, founder at Green Portfolio PMS. FPIs have also been buyers in sectors such as autos, capital goods, FMCG, healthcare, telecom, real estate and oil & gas. Key Points
Economic TimesNifty at record high but CLSA is still underweight on India. 5 reasons why
Despite Nifty crossing the 19,000 mark for the first time with $10 billion in foreign institutional investor inflows, global brokerage firm CLSA remains cautious on Indian equities. According to CLSA, the reasons for their cautious stance include rich valuations, margin erosion, overly optimistic earnings growth expectations, the Reserve Bank of India lagging behind other emerging market central banks in policy easing, and overbought conditions in the market. CLSA believes that other emerging markets such as Brazil, Mexico, and Indonesia are better positioned for policy easing. Key Points
Economic TimesTie-breaker? April likely to bring make-or-break moment for Dalal Street bulls
One can safely say that it was a close fight between Dalal Street bulls and bears, as benchmark Nifty 50 eked out 0.3% gain month-on-month in March, thanks to the 2% gains on the last trading day of the month. Key Points
Economic TimesETMarkets Smart Talk: How to invest money in FY25? Allocate 60% to equities, 15% to debt and 15% to commod
Samir Bahl recommends a significant allocation to equities for long-term wealth accumulation, balancing with debt instruments and commodities for diversification. He advises a gradual liquidation strategy to safeguard gains and reinvestment opportunities in dynamic markets. Bahl says: This year we may see a continued rise until May with potential healthy corrections in early June post the run we will witness -- prior to general elections. Key Points
Economic TimesDalal Street bulls ride in reverse gear in August; what does September have in store?
With just one trading day left in August, benchmarks Nifty 50 and Sensex have lost 1.6% each for the month. This is after clocking 14% gains in the preceding five months. Key Points
Economic Times
ETMarkets Survey: Sensex seen above 65,000 by Dec-end on sustained capital flows
Indian equities have performed well in the first half of 2023, reaching all-time highs, and money managers are optimistic about the market's prospects for the rest of the year. According to a survey, 86% of brokerages expect the benchmark Nifty 50 to be above 19,000 by December, and 79% believe the Sensex will surpass 65,000. Foreign and domestic fund flows are also expected to sustain, driven by strong corporate earnings and attractive growth potential. However, volatility may persist due to global interest rate hikes and geopolitical risks. The automobile, FMCG, and realty sectors are expected to continue gaining momentum in the second half of the year, while banking stocks are expected to rebound. Midcap and smallcap stocks are also expected to perform well, outperforming benchmark indices. Key Points
Economic TimesFPIs investment hit 9-month high at Rs 43,838 cr in May on strong domestic macro-outlook, reasonable valua
Foreign Portfolio Investors invested INR 43,838 crore in Indian equities in May, the highest amount in nine months, supported by the countrys strong macroeconomic fundamentals and reasonable valuations. The FPIs sustained their buying stance in June, investing a further INR 6,490 crore in just two trading sessions of the month. The inflow is set to continue, as reflected by the latest GDP data and high-frequency indicators, which indicate a robust economy improving further. India attracted greater investment than any other emerging market, with financials, automobiles, telecom and construction sectors drawing the most attention. Key Points
Economic TimesIndian shares fall as L&T slides after results disappoint
BENGALURU (Reuters) -Indian shares opened lower on Wednesday, weighed down by a fall in Larsen & Toubro on missing profit estimates, and tracking weakness in broader Asian equities ahead of the U.S. Key Points
ThePrintFPI buying in Indian shares hits 6-month high in first half of May: NSDL
Foreign portfolio investors (FPIs) extended their buying streak in Indian equities in the new financial year, having bought shares worth 249.39 billion rupees on a net basis in the first half of May, National Securities Depository Ltd (NSDL) data showed on May 22. Key Points
The HinduRs 8,800 crore-inflows! FPIs flock to D-Street in new financial year
FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first half of April. They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March. Key Points
Economic Times
Investors' wealth rises over ₹12.56 lakh cr in 7 days rally; Sensex up 2,544 pts, Nifty gains 771 pts
BSE-listed equities m-cap stood at over ₹264.51 lakh crore by end of April 11th. But markets are in green since March 29th. There has been a total of seven trading sessions till April 11th, and markets have gained on all of these days. Key Points
mint12 out of 15 Damani stocks correct up to 25% from Dec highs. Take a look!
Damanis prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator. Key Points
Economic TimesHow Rs 1,00,000 in Indian Equities, Gold, Real Estate and US Stocks has grown in 20 years
20-year investment return calculation: Indian equities have outperformed all other asset classes, including Gold, Real Estate, US stocks and Debt, over the long run with 17% returns in 20 years. See details. Key Points
FinancialexpressWall St week ahead: Lofty valuations on US stocks a growing worry for investors
Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels. Key Points
Economic TimesFIIs buy equities for 9 days in row, invests ₹1,942 cr, DIIs infuse ₹405 cr. Key details here
Foreign investors are net buyers in all trading sessions of May so far. While domestic investors have shown a mixed appetite. On Tuesday, consistent FIIs inflow kept bears off the bay on Sensex and Nifty 50. Key Points
mint
Wednesday trade: FIIs pull out ₹1271 cr from equities, DIIs offset losses with ₹1,824 cr buying
Sensex closed at 57,555.90 down by 344.29 points or 0.59%. Nifty 50 tumbled by 71.15 points or 0.42% to end at 16,972.15. In terms of sectoral indices, banking stocks continued to witness a bearish tone. BSE Bankex dipped by nearly 383 points, while Bank Nifty shed nearly 360 points. Key Points
mintMarkets climb in early trade on positive global trends
The 30-share BSE Sensex jumped 460.38 points or 0.57 per cent to 81,841.74 in early trade. Key Points
The TribuneRupee rises 2 paise against US dollar
Mumbai, Sep 6 (PTI) The rupee gained 2 paise to close at 83.95 against the US dollar on Friday, tracking a weak greenback against major crosses overseas. However, a negative trend in domestic domestic equities and foreign fund outflows capped the gains in the local unit, forex traders said. At the interbank currency market, the […] Key Points
ThePrintRahul Gandhi's bet on record Dalal Street rally makes him richer
Rahul Gandhi, who is contesting from Wayanad in the southern Indian state of Kerala, didnt hold any stocks directly in 2019, according to an affidavit filed at that time. His stock exposure comes as Indian equities surge on investor optimism in worlds fastest-growing major economy. Key Points
Economic TimesIndia’s record equity valuations a vote of confidence by FPIs: Buch
Sebi Chairperson, Madhabi Puri Buch, applauds FPI's trust in India's growth as local equities peak. Market efficiency enhanced with shorter settlement cycles, reflecting global confidence in Indian markets. Key Points
Economic Times
Over $5 billion in 15 days! FIIs post record fortnightly buying in Indian equities
Lower U.S. bond yields on expectation of interest rate cuts by the Federal Reserve, the Reserve Bank of India raising India's growth forecast, and state election results setting the stage for policy continuity in 2024 have spurred buying, analysts said. Key Points
Economic TimesIndian shares set to open at new record highs while global rally eases
India's benchmark indexes are set to open at fresh record highs on Tuesday, after scaling new peaks in the previous session on strong macroeconomic data, elevated bets of a U.S. rate cut in March and the ruling Bharatiya Janata Party's win in key state elections. Key Points
Reuters