INSUBCONTINENT EXCLUSIVE:
A continuous flow of money from retail investors into domestic mutual funds through systematic investment plans (SIPs) helped domestic
institutional investors (DIIs) cushion a bigger fall in domestic equity in Samvat 2075.
In last one year since last Diwali, DIIs poured in a
net Rs 53,000 crore into the domestic stock
They were net sellers in just three of last 12 months.
Foreign institutional investors (FIIs) invested a net of Rs 69,000 crore in the
12-month period, but they put in most of it before March
But what I have seen is that DIIs have been using a counter-cyclical approach
Asset.
DII activity was most prominent in July and August, when they invested a net of Rs 41,000 crore
This was the time FIIs were on a selling spree as the government proposed an enhanced income-tax surcharge on capital gains
FIIs withdrew a net of Rs 30,000 crore in these two months.
Since last Diwali, asset under management of equity mutual funds surged from Rs
6.59 lakh crore to Rs 7.24 lakh crore, a growth of nearly 10 per cent, AMFI data showed.
SIP inflows have been the backbone of the mutual
fund industry lately, and market experts recognise the importance of this steady flow of funds
Despite near-term volatility, the long-term potential of Indian economy remains intact
We continue to be constructive on equities and, hence, we see value in increasing allocation to equities in a staggered manner to even out
crore, up from Rs 8,231 crore in August, latest AMFI data showed
Equity funds, however, received a net of Rs 6,609 crore, which was down 28 per cent month-on-month at a four-month low.
10 major events that
shook - moved Indian equity market in Samvat 2075?Samvat 2075 25 Oct, 2019Samvat 2075 was full of drama as it saw the general election, a
tussle between RBI and govt, slowing economic growth, several debt defaults, a crippling liquidity crunch and a massive corporate tax cut
The Narendra Modi-led Bharatiya Janata Party (BJP) won the election, clearing the path for him to become the Prime Minister for a second
On May 20, the first market session after the exit polls, Sensex jumped 3.75 per cent, or 1,422 points, amid signals of a clear majority for
However, on the result day, i.e
May 23, when the win was confirmed, Indian equity market saw profit booking and Sensex shed 0.76 per cent.
Corporate tax rate cut25 Oct,
2019Certainly among the most important events of the Samvat, on September 20, Finance Minister Nirmala Sitharaman announced to reduce
corporate tax rates to an effective 25.17 per cent propelling the stock markets
Sensex and Nifty about 3000 and 1000 points within two sessions
The step would cost the government Rs 1.45 lakh crore in revenues
RBI windfall to govt25 Oct, 2019After a long tussle and a resignation of a RBI governor over the issue, the Reserve Bank of India accepted
the recommendations of Bimal Jalan committee and agreed to transfer Rs 1.76 lakh crore for 2018-19 from its reserves.
Both parties were
fighting over the level of reserves that RBI was supposed to keep for contingencies
Crisis in NBFC25 Oct, 2019A debt default by IL-FS last year triggered an avalanche that crippled the entire NBFC space, triggering a
liquidity crunch that caused much distress among a number of players
Many companies defaulted on their debt obligations, the biggest being DHFL and Altico
The DHFL stock constantly hit lower circuit limits and traded at RS 21.30 on Thursday against its last September price of Rs 670
Analysts do not find the dip troubling
The equity market tends to be volatile and this volatility does have an impact on investor behaviour and sentiment
outperform in the next one year
He is particularly bullish on consumer financials, consumer pharma and consumer technology sectors.
Canara Robeco sees growth in private
sector banks, as NPAs have peaked
smallcap and midcap stocks, we feel quality companies with good business models, competent managements and fair valuations would be the next
Companies which show good corporate governance practices, even if they go through a weak business cycle for 1-2 quarters, will do well
brokerages for Samvat 2076Samvat 207523 Oct, 2019
Samvat 2075 comes to an end, and a new Samvat kicks off on Diwali this Sunday, October 27
In the Samvat year gone by, Nifty generated 10.8% return and Sensex 9.8%, but that growth was limited to a handful of stocks
Samvat 2075 was tough for investors, as stock performance remained concentrated in specific pockets.
Interesting Samvat Year Ahead23 Oct,
Like every year, top brokerages have named their top stock ideas for Muhurat trading this Diwali
ICICI Bank | Current Price Rs 455 | Target Price Rs 505 23 Oct, 2019Several brokerages have had ICICI Bank among their top picks for Samvat
Axis Securities has a price target of Rs 492, as it expects the bank to remain adequately capitalised for growth despite various challenges
IIFL Securities expects it to reach Rs 505 in next 12 months, driven by growth in its retail portfolio
Motilal Oswal and Sharekhan have also recommended the stock to investors.
L?-T | Current Price Rs 1,430 | Target Price Rs 1,87523 Oct,
2019IIFL Securities has a price target at Rs 1,875 on the stock, as it finds the company well placed to leverage the uptick in the
Karvy Stock Broking, Kotak Securities and Motilal Oswal are also bullish on the stock, and have included it among their stock picks for next
one year.
SBI Life | Current Price Rs 984 | Target Price Rs 96523 Oct, 2019HDFC Securities has a buy recommendation on this stock and
Given the untapped distribution reach, tailwinds from financialisation of savings, improving protection share, lowest operating cost ratios
and improving margins, the stock looks favourably poised