StockMarket

Porinju says every rupee invested in stocks now is double its worth
Every rupee invested in domestic stocks now is actually worth double of every rupee invested a year ago. That’s because the painful correction through September-October has left hundreds of quality stocks on discount sale.

Smallcap czar Porinju Velliyath made this observation in his latest letter to investors, where he says every rupee withdrawn

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The domestic equity market did not have a smooth sailing during the week gone by, and it remained quite volatile, and Nifty oscillated both ways to finally end in the red on a weekly basis. Nifty had moved past its 50-week moving average, but failed to sustain above that level. On a weekly basis, the index ended with a net loss of 183 points or
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Sebi plans to revamp regulations for proxy advisory firms
Market regulator Securities and Exchange Board of India (Sebi) is planning to revamp the regulations for proxy advisory firms. The expert panel appointed by Sebi to look into the matter met last week to identify the aspects where the regulations need to be tweaked.

Protecting proxy firms from frivolous litigation and increasing the accountability

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Tweet Buster: Valuation lessons, tips for volatile market Kedia-s wisdom
NEW DELHI: It was an action-packed week for the domestic stock market with RBI money policy, Opec meeting and fresh worries around possible escalation in trade tensions.

The coming week promises to be equally exciting with the state elections outcome lined up for December 11.

So, the big question is: how would one navigate the pre-election result v

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Week that was in 10 stocks: Sun's pain points and Kotak-s field day
It was a subdued week for the domestic equity market. Feeble global cues as well as a Fitch report revising India’s GDP growth forecast to 7.2 per cent for current financial year due to higher financing cost and reduced credit availability kept investors cautious for the week ended December 7.

The BSE Sensex dipped 521 points, or 1.44 per cent,

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Mumbai: Kotak Mahindra Bank shares surged 8.5 per cent, the most in five years, on speculation that billionaire Warren Buffett’s Berkshire Hathaway may buy a stake in the lender as promoter Uday Kotak runs against time to meet a regulatory diktat on reducing his holdings.

The bank, which has been among the best performers in the past three years,

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Sebi mulls policy to identify 'difficult to recover' cases, prosecution to continue uninterrupted
NEW DELHI: Faced with difficulties in recovery of penalties and other dues from some defaulters, capital markets regulator Sebi is planning to create a separate category of 'difficult to recover' cases for optimal utilisation of its resources.

However, Sebi can initiate or continue its prosecution proceedings against the defaulters even after such

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By DK Aggarwal

Indian tourism and hospitality industry, which accounts for around 6.23 per cent of the national GDP and 8.78 per cent of total employment, has emerged as one of the key industries driving growth of the services sector and, thereby, the Indian economy.

The industry is at the cusp of an upcycle and Indian hotel companies are at the

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Mumbai: November was a mixed month for mutual funds, with inflows into equity funds slowing even as liquid funds saw a revival in interest after the NBFC crisis showed signs of easing.

During the month, overall assets surged by Rs 1.42 lakh crore to touch Rs 24.03 lakh crore, buoyed by strong inflows of Rs 1.36 lakh crore into liquid and money

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PFC not to make open offer post REC acquisition
NEW DELHI: Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government's 52.63 per cent stake in the company as it is a related party transaction, an official said.

The Cabinet Committee on Economic Affairs (CCEA) on December 6 gave in-principle approval to the acquisition o

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Wall Street Week Ahead: Licking their wounds, fund managers prep for rally in 2019
NEW YORK: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 per cent.

Yet fund managers are finding things to like despite the recent market volatility, which sent the Dow

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ICICI Prudential Mutual Fund stops fresh flows into key dividend plan
MUMBAI: ICICI Prudential Mutual Fund has discontinued fresh investments in the monthly dividend option of its largest scheme — ICICI Prudential Balanced Advantage Fund — from December 19.

The fund house that manages Rs 28,250 crore under this scheme will, however, continue to accept money in the scheme’s growth option.

A spokesperson for ICICI Prud

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Sebi to expand OFS framework, relax FPI investment clubbing norms
NEW DELHI: In a series of reforms, capital markets regulator Sebi is planning to expand its Offer For Sale framework to more companies, relax its norms for clubbing of investment limits by established foreign investors and tighten insider trading rules.

The regulator is also planning to relax its disclosure norms for housing finance companies and

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As bitcoin trading shifts shape, big money stays away
LONDON: Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed.

The retail investors behind bitcoin's dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early

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By Ameya KarveFlows to India’s money funds hit a three-month high in November as calm returned to the credit market recently roiled by a rare debt default.

Investors poured a net 1.4 trillion rupees ($20 billion) into liquid plans in November, industry data show. The inflow is the highest since August, a month before the funds suffered the worst

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Sebi to relax listing norms for start-ups, rename it 'Innovators Growth Platform'
NEW DELHI: In a major push to kickstart listing of start-ups in India in a big way, capital markets regulator Sebi has lined up a slew of relaxations for new-age ventures in sectors like e-commerce, data analytics and bio-technology to raise funds and get their shares traded on stock exchanges.

The proposed changes, likely to be discussed at

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Facebook to buy back additional $9 billion of shares
Facebook Inc will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock.

The social media giant's shares, which have tumbled more than 22 per cent this year, rose nearly 1 percent in extended trading.

The new program is in addition to a share buyback plan of up to $15 billion announced by

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Govt sells over 3% stake in NBCC to CPSE ETF
The government has sold 5.72 crore shares, representing 3.18 per cent stake, in state-owned NBCC Ltd to Reliance Nippon Life Asset Management Ltd, which manages central public sector enterprise exchange traded fund (CPSE-ETF), the construction company said on Friday.

In a filing to the BSE, NBCC said the President of India, acting through Housing

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How system-level thinkers define their eras that other investors can only copy
By Saurabh Mukherjea

Truly radical ‘Machiavellianism’, in the popular sense of that word, is classically expressed in Indian literature in the Arthashastra of Kautilya… compared to it, Machiavelli’s The Prince is harmless. -- Max Weber (1919 i.e. four years after the discovery of the Arthashastra)

Four hundred years before the birth of Christ, Chana

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During the week gone by, the domestic stock market refused to go up in spite of a temporary truce announced on trade wars between the two global powers, China and the US. If such pragmatic decisions couldn’t take markets higher, it was only logical that the global bourses would go lower. The fall was further accentuated with the arrest of Chinese c
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Low derivatives participation due to lack of hedging culture: RBI official
Mumbai: Lower investor participation in the derivatives market maybe due to absence of a culture of hedging, a Reserve Bank official said.

In terms of interest rate derivatives, apart from overnight index swaps (OIS), which has some volumes, there is not much traction in other exchange-traded or over-the-counter (OTC) derivatives market in the

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FPIs pull out nearly Rs 400 crore in just 5 sessions on global cues
NEW DELHI: Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.

This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude

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Former CEA wants RBI to run quality checks on NBFCs& assets
The Reserve Bank of India should conduct an asset quality review of non-banking financial companies (NBFCs) as it did for banks in 2015 if the correct state of financial health of the industry is to be known, said former chief economic advisor.

“I am proposing an AQR for NBFCs,” Arvind Subramanian said. “We don’t know what’s there. If there’s a pro

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US stocks dip at open after jobs data
US stocks pulled back from steeper losses in futures trading to open slightly lower on Friday after a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes, but not enough to fan fears of an economic slowdown.

The Dow Jones Industrial Average fell 28.85 points, or 0.12 percent, at the open to 24,918.82.

The

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Six of 10 most valued companies lose Rs 54,916 crore in m-cap
NEW DELHI: Six of the 10 most valued Indian companies together lost Rs 54,916.4 crore in market valuation last week, with Reliance Industries taking the biggest hit.

ITC, HDFC Bank, SBI, HDFC and ICICI Bank were the other companies that witnessed a decline in their market capitalisation (m-cap), while TCS, HUL, Infosys and Kotak Mahindra Bank

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Govt ups NPS contribution, allows higher equity play
New Delhi: The Union Cabinet has increased the government’s contribution to the National Pension Scheme (NPS), allowed higher tax-free withdrawal of funds on retirement and provided subscribers the option of allocating higher investments in equity.

Higher equity allocations would add to the flow of funds to the stock market.

The changes will

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After Market: Bearish signal for 106 stocks; Tata Motors recovers
NEW DELHI: Marking a turnaround in fortunes, equity benchmarks Sensex and Nifty staged an impressive comeback on Friday, led by banks, financials, FMCG and auto stocks.

The reversal of course came after three straight sessions of losses.

Earlier on, sentiment got a leg-up on reports that Warren Buffett's Berkshire Hathaway is looking to buy 10

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Poll results, oil price and 5 other factors that will drive market this week
NEW DELHI: Despite Friday’s robust gains, equity benchmarks Sensex and Nifty ended the week gone by with a loss of 1.44 per cent and 1.68 per cent, respectively.

RBI last week nixed hopes of liquidity boost to NBFCs, Opec decided to go for a major crude output cut and the arrest of a senior Huawei executive flared up trade tensions between the US

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CLSA drops Indiabulls companies, Bajaj Finance gains heft
CLSA’s chief strategist Chris Wood has removed Indiabulls Ventures and Indiabulls Housing Finance from the Asia ex-Japan long only portfolio while increasing weightage in Bajaj Finance by one percentage point.

Wood had reduced weightage on both Indiabulls Housing and Indiabulls Ventures in his note in mid-November to make way for the investments

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Tech view: Nifty50 forms ‘Inside Bar&, needs to confirm breakout
The Nifty on Friday settled shy of the 10,700 mark, as the index formed an ‘Inside Bar’ on the daily chart and remained below its 200-Day Moving Average (DMA).

Analysts believe that one should not read too much into Friday’s gains unless the index closes above the 10,748 level.

Mazhar Mohammad, Chief Strategist – Technical Research - Trading A

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