Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more
Mumbai: India’s capital markets and banking regulators are taking steps that would encourage investments in green bonds and also help expand the broader debt market. To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve Bank of India’s (RBI) chief general manager Dimple Bhandia talked about the need for an enabling … Read more
A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks of piling into a popular bet. The CBOE VIX index, which tracks the stock market’s expectation of volatility based on S&P 500 index options, posted its largest-ever intraday … Read more
While admitting that the market is an overvalued state, Shreyash Devalkar, Head Equity, Axis Mutual Fund, says normalisation will happen in due course. “It is increasingly tough to buy stocks at reasonable valuations, however, given the earnings upgrades in the last few quarters, most stocks have re-rated,” he says. Edited excerpts from a chat: When … Read more
Based on the consensus expectations, Jitendra Sriram, Senior Fund Manager, Baroda BNP Paribas Mutual Fund, expects the market may be marginally disappointed with the earnings in the current quarter. “While the consensus earnings for FY2024-25 are in the low teens, we expect the growth to be more in 2H,” he said, explaining that elections and … Read more
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and … Read more
Mumbai: India’s stock benchmarks jumped over 1.5% on Friday with the Nifty closing at new all-time highs, erasing all losses in the previous three trading sessions after the budget increased taxes on equity market transactions. Analysts said indicators point to an overbought market, but the renewed bullish momentum could push the markets higher and the … Read more
The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said. Parain, along with Markus … Read more
On events such as budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is … Read more
“I think the STT on F&O is a step in the right direction. If the idea is to essentially curb volumes on the F&O side I think that is fair enough. I am just saying is that for a long-term investor, there is STT, there is a hike in LTCG, and there is a tax … Read more
