In a strategic move to enhance foreign investment in Indian companies, the Government of India has unveiled a groundbreaking set of regulations that allow public companies to list on International Financial Services Centre (IFSC) stock exchanges. This move follows the announcement made in July 2023 and incorporates the recommendations of the Working Group’s report on … Read more
Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan … Read more
With equities clocking stellar double-digit gains in the December quarter, the financial services sector made it to the shopping list of both foreign institutional investors and mutual funds, who pumped in more than Rs 32,000 crore in just seven stocks. Axis Bank, HDFC Bank, Bajaj Finance, and Cholamandalam Investment and Finance were the stocks that … Read more
“I think we started this year believing that banking and financial services as a space looks reasonably positive especially given the overall context of the market,” says Taher Badshah, CIO, Invesco MF.As we have stepped into the brand new year, it seems like you have got some of those largecaps that are in the spotlight … Read more
Nifty ended with weekly gains of 2.3% with leadership taken by IT stocks. In terms of gains, PSU Banks trumped all other sectors. When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them. “Benchmark indices snapped a two week losing streak … Read more
Adani Ports & Special Economic Zone. Share Price 1146.30 03:59 PM | 25 Jan 2024 25.71(2.30%) NTPC. Share Price 314.75 03:59 PM | 25 Jan 2024 5.90(1.92%) Coal India. Share Price 389.40 03:59 PM | 25 Jan 2024 6.80(1.78%) IndusInd Bank. Share Price 1512.00 03:57 PM | 25 Jan 2024 21.16(1.42%) ICICI Bank. Share Price … Read more
Led by a Rs 60,000-crore plus spending by FIIs in the holiday-heavy month, December has turned out to be the best month for Nifty in the last one-and-a-half years with a 7.8% rally. The headline index, which hit an all-time high of 21,801.45 on Thursday, had rallied 5.5% last November. The previous best monthly gain … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
