StockMarket

FPIs stay bullish on India, pour in Rs 11,096 crore in April so far
NEW DELHI: Foreign investors have pumped in a net sum of Rs 11,096 crore into the Indian capital markets in April so far, driven by global and domestic factors.

Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net sum of Rs 11,182 crore in February and Rs 45,981 crore in March.

Prior to that, FPIs

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The domestic equity market is witnessing a whipsaw phase, which did not allow the bulls nor the bears to make any headway through the week. This is typically a corrective phase, which the market is undergoing after witnessing a strong rally from 10,600 right up to 11,800, which is now being corrected.

Statistically, similar corrections in the past

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Open offer for NIIT Tech to start on May 31
New Delhi: NIIT Technologies said Friday that open offer, following the acquisition of stake by Baring Private Equity Asia, is expected to commence from May 31.

Earlier this month, funds affiliated with Baring Private Equity Asia (BPEA) bought about 30 per cent stake in mid-sized information technology services firm NIIT Technologies from NIIT Ltd

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By Ankur Maheshwari

An election year is usually perceived to be a year of enhanced volatility for equity markets. Investors may get swayed by projections of possible election outcomes and may also be tempted to time the market.

However, it is important for long-term investors to decide on portfolio allocation based on one’s risk profile and f

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Take five: Wall Street calling! World market themes for the week ahead
LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

Brace, brace

The focus is on the hotly anticipated US results: First-quarter earnings for S-P 500 companies are expected to fall 2.5 percent on the year in what would be the first quarterly

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One more headache for RBI: Oil all set to upset its inflation math
By Anirban Nag and Vrishti BeniwalA rebound in oil prices poses a risk to India’s benign inflation expectations tha t last week allowed the central bank to deliver its second rate cut of 2019.

With crude at a five-month high, many investors are turning less confident about the Reserve Bank of India’s pace of monetary easing, though a slowdown i

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Q4 earnings, election vibes, FII flows among eight factors that will steer market next week
NEW DELHI: Market trod water during the week gone by as election politics, quarterly earnings and macroeconomic indicators kept investors cautious. Even though benchmarks Sensex and Nifty logged gains in three out of five sessions, they failed to end in the positive for the week.

Sensex broke the winning streak of last seven weeks, coming off by

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In 5 years, MSME loans jump 2.5 times, NPAs move up too
Mumbai: The outstanding loans of Indian lenders to the micro, small and medium enterprises (MSMEs) expanded two-and-a-half times in five years through 2018, credit information company TransUnion CIBIL said, while also warning about debt build-ups leading to possible stress in the quality of assets.

While the outstanding credit to MSMEs grew to Rs

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Himachal Futuristic Communications ex-director settles GDR manipulation probe with Sebi
New Delhi: Himachal Futuristic Communications former director Vinay Maloo has settled a probe with Sebi in a matter related to alleged manipulation in issuance of global depository receipts by paying Rs 1.36 crore towards settlement charges.

Maloo was the director of HPCL during the time of alleged violation, and the regulator had initiated

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This was the second week in a row when the Indian equity market did not make any significant headway. The week that gone by remained volatile as the market oscillated back and forth on either side in a defined range, while it continued to face resistance in the lower trend line of the rising channel that it had breached on the downside in late
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By Ameya KarveInflows into Indian equity mutual funds hit a five-month high in March, induced by the rally that recently lifted the $2.2 trillion stock market to a record.

Stock funds took in about 118 billion rupees ($1.7 billion), the highest since October, and more than double over the previous month, data from the Association of Mutual Funds

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After Market: DHFL drops 3%; SpiceJet flies high; bearish signal on 92 counters
NEW DELHI: Gains in banking, other financials, FMCG stocks and select auto heavyweights helped equity benchmarks Sensex and Nifty log gains on Friday even as the rupee declined and crude oil prices jumped 1 per cent.

After trading lacklustre for the first half of the session, the equity indices built on the gains in the second half even as investor

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Who says rate moves need to be 25bps Not RBI Guv Shaktikanta Das
By Vrishti BeniwalReserve Bank of India Governor Shaktikanta Das has an “out of the box” suggestion: central banks need to be more flexible on the size of their interest-rate moves.

Instead of a conventional 25 basis point cut and announcement of a dovish, hawkish or neutral stance to give guidance on future actions, policy makers could just

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SFIO summons officials of Deloitte Haskins over whistleblower charges
Mumbai: The Serious Fraud Investigation Office (SFIO) has summoned executives of Deloitte Haskins - Sells, the auditing arm of Deloitte Touche Tohmatsu, following allegation by a ‘whistleblower’ that the firm had helped fudge the accounts of IL-FS Financial Services.

“While a partner of the firm was quizzed on Friday, another audit partner

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Tech View: Hammer-like pattern on Nifty chart shows loss of momentum
NEW DELHI: Nifty50 on Friday formed a bullish candle on the daily chart with a slightly long lower wick, suggesting the selloff in intraday trade got bought into.

On a weekly basis, the index formed a Hammer-like pattern. This formation, following an indecisive Doji in the previous week, suggested a loss of momentum. For now, some consolidation

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Marquee MNC names trapped in IL FS bond squeeze
Amazingly, the allure of the triple A rated IL-FS bonds now toxic was such that while both Indian private and public sector got sucked into the honeycomb, a vast swathe of top rated multiple national corporations also decided to invest their employees hard earned savings in them.

Ministry of Corporate Affairs supplementary affidavit filed

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Mumbai: Morgan Stanley has forecast a downside of 23 per cent in shares of Radhakishan Damaniowned Avenue Supermarts, which owns DMart, owing to competition-related headwinds.

The stock, which has rallied nearly four times from its issue price of Rs 299 since listing two years ago, ended down 1 per cent at Rs 1,460.95 on Friday following the

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F O: Tech charts signal a hurdle at Nifty-s lifetime high of 11,761
By Chandan Taparia The Nifty index managed to respect multiple support at the 11,550 level and witnessed an upward move towards the 11,650 level as strong buying interest emerged in the second half of the session. The index negated the formation of lower highs of last three sessions and formed a Small Bullish Candle on the daily chart and a
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The week in 10 stocks: It's raining returns for Rain Ind, and Q4 off to a flying start
It's a question of three Es -- economy, earnings and elections, not necessarily in the same order.

The heat is showing on Indian stocks as the market posted first weekly fall in eight. This followed the IMF lowering India’s growth estimate for 2018-19 and the next two years as well.

Though corporate earnings for the March quarter kicked off on a

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ET Intelligence Group: The fourth quarter performance of Tata Consultancy Services (TCS) and Infosys, the country’s top software exporters in that order, renders an optimistic demand scenario. This should offer some solace to investors amid challenges in the form of volatile currency market, intense competition, and rising pressure on companies to
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DHFL declines 3% after ratings downgrade
NEW DELHI: Shares of Dewan Housing Finance Corporation (DHFL) declined 3 per cent in morning trade on Friday, a day after it said Brickwork Ratings India has downgraded its instruments ratings.

In a BSE filing on Thursday, the company said the downgrade was done on account of limited progress in building up of liquidity, selling and exiting

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March inflation picks up but RBI June rate cut still on the table
NEW DELHI: India’s consumer prices rose at a faster pace than anticipated in March, but remained below the central bank’s target for an eighth straight month, increasing the chances for a key interest rate cut in June.

The annual retail inflation rate rose in March to 2.86 per cent, from 2.57 per cent in the previous month, government data showed

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Mumbai | Bengaluru: Tata Consultancy Services led the way with a record performance as India’s two largest software exporters announced strong revenue growth for the fourth quarter of 2019 financial year, with the Mumbai-based IT giant remaining bullish on continued growth this year. Infosys, India’s second biggest IT company, however forecast
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Share market update: Bank shares slip; SBI down nearly 1%
NEW DELHI: Bank shares were trading lower in Friday's morning session.

Shares of State Bank of India (down 0.86 per cent) , IndusInd Bank (down 0.61 per cent) and YES Bank (down 0.35 per cent) were the worst performers in the index.

Punjab National Bank (down 0.27 per cent) , Kotak Mahindra Bank (down 0.20 per cent) and Bank of Baroda (down 0.12

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Rating downgrades and payment delays not new to debt mutual funds
The prospects of debt mutual funds are back in focus after Kotak Mutual Fund’s fixed maturity plans (FMPs) failed to return investors’ entire money on account of delay in repayment by two Essel group companies. In the past too, investors in various debt schemes have been affected by ratings downgrades of investments, defaults or delay in
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MUMBAI: Jet Airways founder Naresh Goyal filed an expression of interest (EoI) for a stake in the ailing carrier just as the deadline for submissions was coming to an end on Friday, said two people with knowledge of the matter.

The move is said to have flummoxed lenders, who have put the equity on sale as part of a rescue plan for the airline.

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Share market update: Metal shares decline; Hindalco Industries down 1%
NEW DELHI: Metal shares were trading lower in Friday's morning session.

Shares of Hindalco Industries (down 1.40 per cent) , Welspun Corp (down 0.65 per cent) , Steel Authority of India (SAIL) (down 0.53 per cent) , and Tata Steel (down 0.52 per cent) were trading in the red.

Hindustan Zinc (down 0.39 per cent) , APL Apollo Tubes (down 0.36 per

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By DK AggarwalREITs have gained acceptance worldwide with better and credible returns among investors. At home, the growing need for additional sources of funds for the cash-strapped realty sector made Sebi to set the stage for the launch of REITs on October 10, 2014.

To note, Indian REITs are allowed only to hold commercial properties. Also, in

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iti: ITI posts 20% rise in revenue to Rs 2,051 crore - The TheIndianSubcontinent

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Relax, every chest pain is not heart attack, KotakLakshmi Iyer on FMP jitters
It is not the time to panic. Instead investors should keep their faith in fixed maturity plans (FMPs), as ‘every chest pain is not a heart attack’, says Lakshmi Iyer, chief investment officer for fixed income at Kotak Mahindra Asset Management.

There are uncertainty among Indian mutual fund investors about the prospects of schemes holding

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