China tightens trading restrictions for domestic and offshore investors
In a statement Monday, the China Securities Regulatory Commission said it recently discovered multiple cases of stock market manipulation and “malicious short selling.” The regulator vowed to act quickly to stop illegal behavior that hinders stable stock market operations and hurts investors. Key Points
Economic TimesElection results to impact price performance over next 12-18 months: Nilesh Shah, Kotak AMC
Domestic and global investors, retail investors, and HNIs are buying, and supply has not appeared in the secondary market sale, QIPs, OFS, nor IPOs. The buying has overwhelmed selling, but market regulation works, and selling is inevitable. The Indian market is an oasis in the global desert, with the world tackling inflation and struggling with growth; India has regulated inflation and maintained positive growth rates. Key Points
Economic TimesMarkets@record high! But, do you know when to sell?
Selling can seem very black and white but it is actually a lot more grey than we care to admit. selling can feel like a breakup in a relationship and we know how painful it can be. One of the hardest things in investing is knowing when the right time is to sell. Key Points
Economic TimesRIL drags sensex down a day after rally, index dives 802 points
Dalal Street investors failed on the solid gains of Monday as heavy selling by foreign funds pulled the sensex down by 802 points, or 1.1% on Tuesday to close at 71,140. Reliance Industries - which had gained nearly 7% in the previous session - along with ITC and Bajaj Finance contributed the most to the index's loss for the day, data on BSE showed. Key Points
Times Of IndiaFPIs pull out Rs 5,800 crore from equities in November
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 lakh crore during the period. Key Points
Economic Times
Hero Motocorp’s high-end shift earns it a D-St premium
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic TimesFPI, retail outflows may extend stock market correction
Benchmark indices Nifty and Sensex fell more than 0.8% each to 19,122.15 and 64,049.06 on Wednesday as foreigners offloaded shares worth a provisional ₹4,236.6 crore Key Points
mintSensex tanks 820 points, Nifty tumbles: 4 factors behind stock market bloodbath
After opening in green, the S&P BSE Sensex reversed course, dragged down by banking, financial services, and auto stocks. The Nifty50, too, faced a broad-based decline, with nearly all sectoral indices closing in the red except for Nifty Realty. Key Points
India TodaySEBI allows short-selling by all investors; F&O stocks also eligible
Institutional investors will not be allowed to do day trading. This means all transactions would be grossed for institutional investors at the custodians level. The custodians, however, will continue to settle their deliveries on a net basis with the stock exchanges. Key Points
Economic TimesImproving premiumisation to help Hero Moto stay ahead on growth track
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic Times
For long-term investors looking for midcap exposure: 4 stocks with right PEG ratio
The problem with PE ratio is that it not only creates a mirage in terms of buying of a stock. But even selling stocks just because P/E is high is also something which leads to selling wealth creators early and then regretting or buying them at a point when they are expensive in real terms. So it is better to use peg ratio, which comes with its own challenges, which are still worth taking. Key Points
Economic TimesGovernment imposes minimum export price of USD 800 per tonne on onion till December 31
Onion prices have further risen to Rs 65-80 per kg in retail market of the national capital on lower supply. The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices. Key Points
The Tribune IndiaIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersSensex tumbles over 800 points. Here’s how much money investors lost
Analysts attributed the selloff to continued foreign investor outflows and disappointing quarterly earnings, particularly in banking and auto sectors. Foreign institutional investors (FIIs) reportedly offloaded Rs 2,306 crore worth of Indian equities, extending their selling spree. Key Points
India TodayDavid Beckham locked in secret multi-million legal battle over fake products
Football legend David Beckham's firm DB Venture has filed a £1.58 million case against the counterfeiters who have been selling imitations of the products. He is not the first celebrity to face such a problem. Key Points
Economic TimesBerkshire Hathaway exits India's Paytm in $165 million deal
BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Key Points
ThePrintRs 2.5 lakh crore wiped off! Sensex crashes 610 points, Nifty below 19,550
Indian shares fell on Thursday due to global market weakness, rising crude oil prices, and persistent selling by Foreign Institutional Investors (FIIs). The BSE Sensex declined 0.92% and the Nifty50 fell below 19,550. The decline was seen across sectors, with IT and FMCG being the top losers. Today's bloodbath resulted in the market capitalisation of all listed companies on BSE declining by Rs 2.55 lakh crore to Rs 317.05 lakh crore. Key Points
Economic Times‘Spike in tomato prices temporary, rate will cool down soon’: Govt official
Vegetable vendors in the national capital are selling tomatoes between ₹80-120 per kg, depending on the location and quality.. | Latest News India Key Points
Hindustan TimesOnce the technical selling is over, Jio Financial will go much higher: Chakri Lokapriya
The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher. Key Points
Economic TimesFPIs emerge net sellers for 2nd month in a row, offload ₹20,356 crore in Indian equities; here's why
The selling by FPIs through exchanges has been higher at ₹25,575 crore, according to NSDL data. FPIs have reversed the prior three-month trend of sustained buying and emerged net sellers in September and October. Key Points
mint
Markets 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 TribuneRetail tomato prices surge to Rs 70-80 per kg in Delhi
Retail prices of tomatoes in Delhi have surged to around Rs 70-80 per kg on lower supply due to recent heatwave... Key Points
The Tribune IndiaFIIs turn net buyers last week, pouring in Rs 4,300 crore; is it comeback time?
Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. Key Points
Economic TimesCheaper knockoffs take shine off big wearables brands
These products, which closely resemble the design of the Apple Watch and other premium smartwatches, are also pulling down the average selling price (ASP) in the industry to record lows, making it difficult for the entrenched brands to compete or premiumise , industry executives and experts said. The ASP in the wearable segment fell about 39% to $26.10 in 2023 from an already low $42.50 the previous year, se per IDC. Key Points
Economic TimesMarket Trading Guide: IDFC First Bank among 2 stock recommendations for Wednesday
On the technical charts, Nifty formed a huge bearish engulfing candlestick. It broke the crucial support of 21,300 with a head and shoulder pattern. Now the next support lies at 21,000 coinciding with the 50-day moving average (DMA), says Sheersham Gupta, director and senior technical analyst at Rupeezy Key Points
Economic Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
After touching a new high, nifty and sensex moved into correction mode. If one looks at the way markets have moved intraday in this phase of correction, it appears that a basket selling pushes the index down then there is one sector which pushes it back up. These are indications that in the coming two weeks, when there is a high probability of volumes being low in the markets, we may see slightly higher volatility as stock prices will react more to even slightly a bit of selling or buying. In such times it would be better to stay with stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesExplained: Why South Korea reimposed ban on short selling till June 2024
The South Korean Financial Services Commission recently announced the reinstatement of a short-selling ban. This ban applies to equities listed on the Kospi 200 Index and Kosdaq 150 Index and will be in effect until the conclusion of June 2024. Key Points
India TodayTwin Star holdings seeks up to $501 million via Vedanta share sale
As per reports, the promoter entity will be selling 16 crore Vedanta shares in block deal at an offer price of Rs 258.5 per share on Thursday. Anil Agarwal-led Vedanta Resources, a London-based company, is taking various measures to pay its debt in the past few months. Key Points
Economic TimesMaharashtra farmer becomes millionaire in a month by selling tomatoes
A farmer from Maharashtra's Junnar has managed to earn Rs 1.5 crore in a month by selling 13,000 crates of tomatoes. Many farmers in Junnar who are now growing tomatoes have become millionaires. Key Points
India TodayMumbai Indians bets big on online merchandise sales
From a business perspective, getting customers to purchase items on MI Shop is our next growth story, said an executive. Last year, we began selling fan merchandise directly through MI Shop. Earlier, we were selling merchandise only through third-party platforms, but now it's both, he added. Key Points
Economic Times
Sensex, Nifty Fall For Straight Sixth Day, Fed Rate Hike Concerns Weigh
The BSE Sensex declined 141.87 points or 0.24 per cent to settle at 59,463.93 despite a firm start. During the day, it fell 280.46 points or 0.47 per cent to 59,325.34. Key Points
NDTV.comselling the OC Season 3: What we know so far about release date, filming, cast, episode count and more
Selling the OC season 3 is confirmed. The production seemingly began in summer 2023, potentially wrapping up by now. Cast details remain undisclosed, but a return of the previous cast is anticipated. Episode count and an official release date for the third season are yet to be disclosed by Netflix. Key Points
Economic TimesBuy HDFC Bank, sell Paytm: Mutual fund's investing funda in February
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results. Key Points
Economic TimesRs 10,500 cr sell-off in just 3 days! FII dollars exit Dalal Street at a fast pace; who’s the culprit?
FIIs net sold shares worth Rs 10,556 crore in the secondary market in just three sessions last week. Last week, January 22 and 26 were public holidays. Such was the sell-off last week, that it made for one-third of the total outflows seen in domestic equities so far in January. Key Points
Economic TimesThe story behind Kanye West's decision to sell his Malibu home at a loss
Kanye West, now Ye, lists his Malibu mansion at a loss of $4 million, designed by Tadao Ando. Jason Oppenheim markets the property at $53 million, emphasizing customization potential. Amid controversies, Ye's 11th album Vultures addresses recent issues, adding intrigue to this architectural marvel. Key Points
Economic Times
Central govt selling Bharat Dal at Rs 60 per kg. Where to buy
To make pulses and wheat flour more affordable, the central government initiated the sale of chana dal and wheat flour under the brands 'Bharat Dal' and 'Bharat Atta'. Chana dal is retailed at a subsidized rate of Rs.60/kg and Bharat Atta at Rs. 27.50/kg, available through outlets like NAFED, NCCF, Kendriya Bhandar, and mobile vans across India. Buffer stocks of major pulses are released under Bharat Dal to regulate market prices Key Points
Economic TimesFPIs sell Friday’s bounce, mkts to remain volatile
The benchmark Nifty and Sensex indices ended up 0.7% each, with the Nifty gaining 135.35 points to close at 19,517 while the Sensex gained 480.57 points at 65,721.25. Key Points
mintHDFC Bank shares down 13% in 2 weeks. How to trade now?
The Bank Nifty index experienced significant selling pressure in the past week, causing it to trade below crucial short-term moving averages. The next immediate support for the index is at 44,000, and a conclusive break below this level is likely to intensify the selling pressure, potentially pushing the index towards 43,000. Key Points
Economic TimesDespite selling by Dalal Street big bulls, 4 smallcap stocks turned multibaggers in Q3
Despite selling by mutual funds and foreign investors, Allcargo Terminals, PC Jeweller, and MSTC saw significant returns in the last quarter. Allcargo Terminals' stock hit a lifetime high with 102% returns and a decrease in mutual fund holding from 1.30% to 0.55% and FII holding from 8.22% to 7.61%. PC Jeweller gave 123% returns with MFs exiting the company and FIIs reducing their holding. Key Points
Economic TimesESAF Small Finance Bank IPO opens. Should you subscribe?
ESAF Small Finance Bank IPO: The Rs 463-crore IPO includes a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore. Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders – PNB MetLife and Bajaj Allianz Life – make up for the remaining OFS portion. Key Points
Economic Times
OpenAI CEO Sam Altman says he took a year-long break and went to an ashram after selling his first company
Sam Altman developed Vitamin C deficiency after working way too hard on his first startup. After selling the company, the OpenAI CEO took a year-long break in order to focus on his health. Key Points
India TodayWegovy maker Novo Nordisk sues Florida pharmacies over copycat drugs
Novo Nordisk (NOVOb.CO) on Thursday accused three Florida pharmacies of illegally selling products claiming to contain semaglutide, the active ingredient in the Danish drugmaker's weight loss and diabetes drugs Wegovy, Ozempic and Rybelsus. Key Points
Reuters