StockMarket

FPIs turn net sellers in Sept, pull out Rs 5,600 crore
Foreign investors have pulled out a massive Rs 5,600 crore from the Indian capital markets in the last five trading sessions, after putting in money during the previous two months, on unabated fall in rupee and rise in crude oil prices.

The latest outflow comes following a net infusion of close to Rs 5,200 crore in the capital markets, both equity

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By Ankur Maheshwari Over the last one year, many investors have experienced negative to marginal positive returns on their fixed income holdings. This has come as a not-so-pleasant surprise and they are wondering on how to manage the debt holdings going forward. While evaluating/rebalancing fixed income holdings, it is important to understand the
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A decade after Lehman, Europe remains on economic crutches
FRANKFURT: Ten years after the collapse of Lehman Brothers and the onset of the global financial crisis, much of the industrialised world has yet to fully recover and this will be all too evident at the European Central Bank's policy meeting on Thursday.

With some key euro zone economies still not back to their pre-crisis size despite a decade of

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FPIs turn net sellers in Sept, pull out Rs 5,600 crore
Foreign investors have pulled out a massive Rs 5,600 crore from the Indian capital markets in the last five trading sessions, after putting in money during the previous two months, on unabated fall in rupee and rise in crude oil prices.

The latest outflow comes following a net infusion of close to Rs 5,200 crore in the capital markets, both equity

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Tesla shares reel as executives quit and CEO Elon Musk smokes pot on webcast
Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behavior and executive departures that have stunned investors.

Shares of the electric carmaker tumbled more than 6 percent on

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S P drops as strong jobs data raise rate hike fears, techs buoy Nasdaq
The S-P 500 and Dow Industrials dropped on Friday after strong August jobs data raised concerns about the possibility of faster interest rate hikes, but a rebound in chip stocks helped the Nasdaq trade higher.

U.S. job growth accelerated in August and wages recorded their largest annual increase in nine years, the Labor Department said,

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Seven of top 10 cos lose Rs 75,684 cr in m-cap
Seven of the 10 most valued Indian companies suffered an erosion of Rs 75,684.33 crore from their market valuation last week, with FMCG major HUL taking the steepest hit.

In a weak broader market where the Sensex fell by 255.25 points or 0.66 per cent last week, the top seven blue chip companies, including State Bank of India (SBI), Maruti Suzuki

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Mr Market finally made a top during the week gone by and started correcting in response to the local and global tailwinds, primarily due to a strengthening dollar, growing current account deficit, inflationary expectations, global tightening and worsening geopolitical conditions.

Stocks have been bruised and battered after making new highs and we

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Tesla shares tumble on executive exits
Shares of Tesla Motors opened sharply lower on Friday as a pair of executive departures added to the sense of turmoil surrounding the electric car maker.

About six minutes into trading, shares of Tesla had fallen 8.9 percent to $255.94, accelerating the losses from the open.

The decline came as chief accounting officer Dave Morton announced his

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IIP, Inflation data and rupee among key factors that will guide market this week
NEW DELHI: After six consecutive weeks of gains, Indian equity benchmarks Sensex and Nifty took a pause last week with Sensex slipping 0.66 per cent and Nifty falling 0.78 per cent.

But Friday's trade was the second consecutive session of gains on a daily basis, backed by a rally in auto, metal and technology stocks.

On Friday, the 30-share

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The week in 10 stocks: Hudco, Wipro, BEL, Caplin Point, Sun Pharma, Hikal
NEW DELHI: A late recovery in the market towards the end of the week helped the benchmark indices recover some of the ground in a week marked by selling pressure as the rupee hit a record low, trade tensions between major world economies persisted and concerns over a proposed change in KYC norms worried FPI.

The recovery came after Sebi assured a

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US Fed policy is becoming less predictable. Then why is it bad
By Tim DuyThe Federal Reserve this month is widely expected to raise interest rates for the eighth time in the current hiking cycle that began in December 2015. G et ready for tensions within the Fed to spill over into the public as monetary policy moves closer to estimates of the neutral rate.

The Fed staff will likely push harder for policy

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ICRA downgrades IL FS by several notches
MUMBAI: Rating company ICRA has downgraded the debt-laden Infrastructure Leasing and Financial Services (IL-FS) by at least nine notches citing cash crunch pressure.

The rating company has downgraded the company’s bonds and long term loans to BB from AA+.

"The downgrade of ratings takes into account the increase in liquidity pressure at the

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dkBy DK AggarwalThe domestic market has so far been the best performer among its emerging market peers, and this has attracted investors to equity mutual funds. Equity mutual funds have received a strong inflow, mainly driven by strong corporate earnings expectations and near-normal monsoon outcome amid various concerns such as the impact of trade
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FinMin shortlists 11 CPSEs for share buyback
New Delhi: The Finance Ministry has shortlisted about a dozen companies, including Coal India, NTPC, NALCO and NMDC, for a possible buyback of shares in the ongoing financial year.

The other companies which are in the list include NLC, BHEL, NHPC, NBCC, SJVN, KIOCL and Hindustan Aeronautics, officials said.

Earlier this week, the Department of

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Sebi initiates public consultation on FPI norms as panel suggests major changes, more time
In relief to foreign investors worried over new KYC and beneficiary ownership norms, regulator Sebi Saturday initiated a public consultation process for finalising the new guidelines after a high-powered panel suggested changes on several contentious proposals and more time for compliance.

Amid concerns in some quarters that several foreign funds,

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Street-bound IRCON plans to divest road projects to stay ‘asset-light&
MUMBAI: State-run IRCON International plans to divest road projects beginning 2019 to maintain an “asset-light” portfolio, with focus on engineering cash contracts, chairman Sunil Kumar Chaudhary told ET.

The company, which is under the railway ministry, will hit the capital market with an initial public offer on September 17, with 9.9 million

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Indiabulls Commercial Credit to raise Rs 2,000 crore via bonds
New Delhi: Indiabulls Commercial Credit Limited (ICCL) Friday said it will raise up to Rs 2,000 crore by issuing non-convertible debentures.

ICCL, a 100 per cent subsidiary of Indiabulls Housing Finance Limited (IBHFL), will open the issue on September 11, it said in a release.

The company will issue secured non-convertible debentures (NCDs) with

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IFCI Q1 net loss at Rs 340 crore
NEW DELHI: Infrastructure sector lender IFCI Saturday reported a standalone net loss of Rs 340.77 crore for the April-June quarter of current fiscal.

The company had a net profit of Rs 277.05 crore in the same quarter of previous fiscal.

Total income of the company declined to Rs 673 crore in the first quarter of this fiscal, from Rs 907 crore in

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MUMBAI: India’s current account deficit (CAD) moderated as a percentage of GDP in the first fiscal quarter, as gold imports contracted and overseas Indians sent more money home.

CAD, a major part of the external sector balance sheet, improved to 2.4% of GDP in the quarter through June from 2.5% a year earlier. In absolute terms, it widened to

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After Market: Bullish signals in 58 stocks, Yes Bankdownslide
NEW DELHI: Domestic equity indices rose on Friday, extending the rally to the second consecutive session on gains in auto, metals and technology stocks.

The 30-pack Sensex opened lower and exhibited choppiness through the day, tracking weakness in Asian stocks that suffered the biggest loss in 14 months on concerns over global trade issues and

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The market was seen posting gradual weekly higher closings over the past couple of weeks, which got halted this past week. In our previous weekly note, we had mentioned about distinct possibilities of the overbought and over-extended technical charts weighing heavy on the market despite it getting a fillip from better GDP data.

In line with that

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MUMBAI: Indian mutual funds’ assets under management (AUM) reached an all-time high of ₹25.2 lakh crore buoyed by inflows of ₹1.75 lakh crore in the month of August.

Equity markets rallied in August and the Nifty gained 3.9% and investors continued to repose their faith in systematic investment plans (SIPs). Collections through SIPs touched a

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Tech View: Nifty50 forms Hammer candle again, shows low-level buying
NEW DELHI: The Nifty50 climbed for the second straight session on Friday and formed a ‘Hammer’ candle on the daily chart for the third c onsecutive day, suggesting emergence of buying interest at intraday lows.

This was supplemented by a the formation of higher high and higher low pattern on the daily chart, which is a positive signal.

Some

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Gold slips Rs 100 on global cues, low demand; silver rebounds
NEW DELHI: Falling for the second straight day, gold prices declined by Rs 100 to Rs 31,350 per 10 grams at the bullion market Saturday on a sluggish overseas trend and softness in local demand.

However, silver bounced back by Rs 275 to Rs 37,775 per kg due to increased offtake from industrial units and coin makers.

Marketmen said apart from a weak

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Power companies move HC to get more time to settle with lenders
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.

Lenders to these power plants had written to the Reserve Bank of India RBI seeking extension but the apex

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Mutual Funds' asset base reaches all-time high of Rs 25 lakh crore
Mutual funds' asset base touched a record Rs 25 lakh crore in August-end, a surge of 8.41 per cent over the previous month, on the back of robust inflow in liquid funds and strong participation from retail investors.

According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 23.06 lakh crore at the end

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China's Aug trade surplus with US hits $31 bln
China's politically charged trade surplus with the United States widened to a record $31.05 billion in August, compared with $28.09 billion in July, customs data showed on Saturday.

The amount surpassed the previous record of $28.93 billion set in June.

The August surplus with the U.S. was larger than China's overall surplus of $27.91 billion for

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IL FS seeks to rollover deposits after non-payment
Debt-laden Infrastructure Leasing and Financial Services (IL-FS) has sought to roll over its corporate deposits as it has failed to repay more than three-fourths of the institutional, one-year term deposit of Rs 250 crore, a market source with direct knowledge of the matter told ET.

Small Industries and Development Bank of India (SIDBI) has

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F O: Nifty again starts forming higher highs and higher lows
By Chandan TapariaThe Nifty50 index drifted lower in opening trade on Friday but managed to attract buying interest and witnessed strong momentum in last hour of trade to head towards the 11,600 mark.

It has been forming Hammer candles from last three sessions, which indicates that every decline is being bought into. The index started forming

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