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Tag: indian stock market

  • SEBI Launches Outreach Cell To Help FPIs Seamlessly Access Indian Securities Market | Economy News

    New Delhi: The Securities and Exchange Board of India (SEBI) on Wednesday launched a dedicated Foreign Portfolio Investor (FPI) outreach cell as part of the Alternative Investment Fund and Foreign Portfolio Investors Department (AFD).

    The markets regulator said in a statement that this outreach cell will focus on direct engagement with FPIs, and support them in accessing the Indian securities market seamlessly. Key responsibilities of the outreach cell will include providing guidance to prospective FPIs during the pre-application stage, including assistance with documentation and compliance processes.

    These will also include offering support during the onboarding phase, and resolving any operational challenges that may arise during the registration process or thereafter. FPIs have been bullish on the Indian stock market despite global geo-political uncertainties.

    The month of September witnessed the second highest inflows in 2024 so far, the last one being in March. Data from NSDL showed that till September 17, FPIs pumped net $3,682 million into Indian equities, higher than the net monthly flows in six out of eight previous months in the current calendar year.

    The primary factors that make emerging markets like India a sweet spot, are balanced fiscal deficits, rate cut impacts on the Indian currency, strong valuations, and RBI’s approach to keep inflation under control without a rate cut.

    The ferocity of the FII buying can be noticed in the massive Rs 14,064 crore buying in the cash market on September 20. The trigger for this aggressive buying by FIIs was the 50 bp rate cut by the US Fed, marking the beginning of a rate cutting. cycle. According to market experts, the trend of FII buying is likely to continue in the coming days. Banking stocks have turned attractive after news of reduction in the credit-deposit gap.

  • Why it’s higher for individuals to take a position through SIPs

    The Indian inventory market, which is buying and selling near its lifetime excessive, has outperformed its international friends over sure time intervals. This has attracted many first-time buyers who at the moment are on the lookout for fast returns. A majority of them have historically been investing in shares by means of mutual funds which might be part of their systematic funding plan (SIP). The present market rally appears to have made them so overconfident that they’ve begun to take a position straight in shares. One of the potential causes for this might be the affect of ‘self-styled market gurus’.

    It is a matter of concern that some persons are diverting funds from their SIPs to take a position straight in particular person shares on the threat of shedding a serious a part of their capital. Another concern is that they’re making such investments with none correct analysis. This sample has been aided by the appearance of expertise and the mushrooming of social media teams that provide ‘tips’ on varied shares. The irony right here is that such recommendation is proferred by people who find themselves not licensed by The Securities and Exchange Board of India (Sebi), a custodian of buyers. To provide such recommendation, one has to compulsorily register with Sebi as a registered funding adviser.

    Data launched by Amfi (see desk) exhibits a decline of 6% within the variety of new SIPs registered for the interval between April 2022 and Mar 2023. The variety of SIPs that have been discontinued registered a 29% soar throughout this era. This implies that funds are being moved out of standard SIPs to direct inventory investing. As on 30 April, there are 64.2 million SIP accounts which have seen an influx of ₹13,728 crore.

     

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    Investments within the inventory market must be accomplished underneath correct skilled recommendation. Big brokerage homes have made it simple for buyers to subscribe to SIPs by means of their cell apps with quantity as small as ₹500. SIPs are the easiest way to take part within the markets, whereas funding in particular person shares is extremely dangerous due to market volatility. Investment through SIPs helps in rupee price averaging with out worrying about market volatility.

    Many individuals are likely to cease investing each time their SIP returns flip damaging and withdraw their cash. Some are even tempted to cease SIPs and transfer to direct funding in shares to cowl their losses. This is harmful. SIP returns tend to show both damaging or constructive primarily based on market circumstances over a time period. Under such circumstances, buyers ought to behave in a disciplined method and take skilled recommendation earlier than making a shift from SIP to direct investments. Investors also can have a look at growing the SIP quantities each time the market is down or when their investing capability goes up with elevated earnings.

    Ranjith Krishnan is school member and trade liaison officer, National Institute of Securities Markets, and Animesh Srivastava is an advocate in Delhi.

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    Updated: 26 Jun 2023, 12:35 AM IST

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  • How to determine on the most effective MF for long-term funding success?

    I invested spherical ₹1.4 lakh in ICICI mutual funds (MF) by systematic funding plan (SIP), in 2021. Unfortunately, to this point 1.5 years, this MF has been underperforming, and my current funding value is spherical ₹1.1 lakh. Could you please current steering on which MF I ought to consider shifting to for long-term funding?

    —Name withheld on request

    Over the ultimate one and a half years, since October 2021, the stock market has been differ certain. The BSE Sensex had peaked once more then to spherical 61,000 and at present is as soon as extra near the 61,000 mark. During this time the market has been unstable too. Hence, the returns usually tend to be a lot much less compared together with your expectation. However, you need to proceed to position confidence within the Indian stock market.

    If I had the title of the mutual fund scheme you will have invested in, it may have been helpful to share further insights. There is a fable numerous patrons adjust to: merely going by a fame or the mannequin of an asset administration agency (AMC) on the time of investing. Each AMC has many various kinds of funds which may be following completely completely different objectives. The effectivity of a fund depends on the way it’s managed, and course of adopted by an AMC and the fund managers. Diversifying your funding is a larger strategy to chop again the prospect of underperformance and steer clear of over-dependence on a fund. If you proceed to take a position by SIPs, which is a wonderful strategy to assemble wealth over the long term, you might take into consideration numerous of the below-mentioned funds:

    • Parag Parikh Flexicap Fund

    • SBI Large & Mid Cap Fund

    • 360 One Focused Equity Fund

    • HDFC Flexicap Fund

    • Kotak Emerging Equity Fund

    You ought to take into consideration your funding in equity funds for the long-term, that is, larger than 5 years to ship good returns, considering that in the long term equity will often outperform the other asset classes.

    Harshad Chetanwala is co-founder at MyWealthGrowth.com.

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  • Market Wrap: Shares pare features as traders ebook income in financials

    (Reuters) -Indian shares erased features, monitoring a slide in financials as traders booked income after robust quarterly earnings experiences forward of the federal finances due subsequent week.

    The Nifty 50 index closed flat at 18,118.30 on Tuesday, whereas the S&P BSE Sensex rose 0.06% to 60,978.75. Both benchmarks had risen practically 0.5% every throughout the session.

    Their intraday trajectory adopted the high-weightage financials, which closed 0.01% greater, paring many of the intraday features after rising as a lot as 0.62% throughout the session.

    Private lender Axis Bank Ltd fell 2.41% regardless of posting a stronger-than-expected bounce in third-quarter revenue on Monday. The inventory had logged features in every of the final 5 classes forward of its outcomes, including 2.14%.

    “The third-quarter earnings from financials have been strong. Fundamentally, there is nothing wrong with the space,” mentioned Narendra Solanki, head of elementary analysis at Anand Rathi Shares and Stock Brokers.

    “The volatility is driven by investors taking profit from financials as the strong earnings have been priced in,” Solanki added.

    Markets will seemingly see additional consolidation forward of the Union finances, which might entail a better allocation for social sector programmes, analysts mentioned.

    Twenty-one of the Nifty 50 constituents superior, with Tata Motors, Maruti Suzuki, Bajaj Auto among the many prime gainers.

    The Nifty 50 would proceed to commerce in a 450-point vary between 17,800 and 18,250 forward of the Union finances as a result of excessive valuations and international promoting, mentioned Siddhartha Khemka, head of analysis (retail) at Motilal Oswal Financial Services.

    Among the key sectoral indexes, auto rose 1.28% after robust third-quarter numbers from Maruti Suzuki lifted the sector.

    IT index gained 0.77% monitoring an increase within the technology-linked NASDAQ Composite index (up 8.6% in 2023 to this point) on easing international recession issues and powerful quarterly earnings.

    The flash PMI knowledge from the U.S. and eurozone coming later within the day is anticipated to indicate much less extreme financial contractions in December than within the earlier month.

     

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    We clarify why it isn’t a good suggestion to attempt to time the markets.

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  • Share Market Today News: Sensex rallies over 850 factors in opening offers, Nifty above 18,250-mark on constructive world cues

    Stock Market New Today, Sensex, Nifty Share Price Live Today, November 11, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 1 per cent larger on Friday monitoring cues from their world friends which rose after a smaller-than-expected improve in US client costs fuelled hopes that the Federal Reserve may tone down its aggressive tempo of rate of interest hikes.

    At 9:15 am, the S&P BSE Sensex was buying and selling at 61,491.88, up 878.18 factors (1.45 per cent) whereas the Nifty 50 was up 257.50 factors (1.43 per cent) at 18,285.70.

    All the Sensex elements had been buying and selling larger within the early commerce on Friday. Gains within the early offers had been led by Infosys, Wipro, Tech Mahindra, Tata Steel, HCL Technologies and IndusInd Bank.

    Commenting in the marketplace, V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services stated, “It was well known that the crucial US inflation numbers for October will sway the market either up or down depending on the trajectory of inflation. Now that the inflation print – both CPI and core- has come below expectations, the direction of the markets is a foregone conclusion. The numbers speak for themselves – Nasdaq is up by 7.35 per cent, S&P is up by 5.5 per cent, the dollar index has crashed to 108.3 and the US 10-year yield has dived to 3.8 per cent. Since the CPI and core print indicate moderation of inflation, it is probable that the Fed might pause after one more hike of 50 bps. This is good news for global equity markets.”

    “Since dollar is weakening, FIIs are likely to increase their buying and with Monthly SIP figure crossing Rs13,000 crores, DIIs too will have to deploy the inflows. In brief, it is Advantage Bulls for the near- term. New record for the Nifty is only a question of when,” he added.

    Global Markets (from Reuters)

    Asian shares spiked larger on Friday, whereas the greenback nursed steep losses after a smaller-than-expected improve in US client costs fuelled hopes that the Federal Reserve may tone down its aggressive tempo of rate of interest hikes.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan jumped 3.72 per cent. Australia’s S&P/ASX 200 index climbed 2.43 per cent and Japan’s Nikkei rose 3 per cent. The US client value index climbed 7.7 per cent yr on yr – the primary time since February that the annual improve was under 8 per cent, and the smallest acquire since January. Overnight, the S&P 500 and Nasdaq notched up their greatest each day proportion positive aspects in over 2-1/2 years on the info.

    Mainland China shares opened 2.1 per cent larger, whereas Hong Kong shares shot up 6.5 per cent in early commerce. China shares have had a turbulent few weeks – sliding on outbreaks of COVID-19, the following lockdowns in addition to feeble financial knowledge, but in addition surging sporadically on hopes of an eventual financial reopening.

  • Share Market Today News: Indices fall for the second straight day, Sensex crashes 420 factors on weak international cues

    Stock Market New Today, Sensex, Nifty Share Price Live Today, November 10, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) ended decrease for the second consecutive day, falling round 0.7 per cent on Thursday weighed by market heavyweight Reliance Industries (RIL) and Axis Bank amid weak spot within the international market.

    The S&P BSE Sensex fell 419.85 factors (0.69 per cent) to finish at 60,613.70 whereas the Nifty 50 declined 128.80 factors (0.71 per cent) to settle at 18,028.20. Both the indices had opened round 0.5 per cent decrease earlier within the day and slipped additional because the session progressed with the Sensex touching an intraday low of 60,425.47 and the broader Nifty hitting 17,969.40.

    As many as 24 out of the 30 Sensex elements ended within the purple on Thursday. Axis Bank was the worst performer of the day adopted by Bajaj Finserv, Titan Company, Mahindra & Mahindra (M&M), Bajaj Finance, IndusInd Bank, Power Grid Corporation of India, State Bank of India (SBI) and Maruti Suzuki India. In distinction, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Hindustan Unilever and Housing Development Finance Corporation (HDFC) had been the one gainers.

    All sectoral indices on the NSE ended decrease on Thursday. Nifty Auto index declined 1.95 per cent, Nifty PSU Bank fell 1.28 per cent and Nifty Consumer Durables slipped 1.18 per cent.

    In the broader market, the S&P BSE MidCap fell 261.08 factors (1.02 per cent) to settle at 25,427.98 and the S&P BSE SmallCap declined 307.66 factors (1.05 per cent) to finish at 28,889.48.

    “Following sluggish global markets, the cautious mood persisted in the domestic market. Losses on the Dalal Street were led by profit booking in auto and PSU banks, while selling in mid and small caps followed the trend. Investors around the globe are awaiting US inflation data, which is expected to slow for the fourth month, which can have a positive lead,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from AP)

    Global inventory markets fell on Thursday forward of a US inflation replace that may seemingly affect Federal Reserve plans for extra rate of interest hikes as buyers waited to see who will management Congress after this week’s elections. London, Shanghai, Frankfurt and Tokyo declined. US futures had been larger.

    In early buying and selling, the FTSE 100 in London was 0.1 per cent decrease at 7,285.86. The DAX in Frankfurt misplaced 0.1 per cent to 13,647.47 and the CAC 40 in Paris shed 0.2 per cent to six,417.98. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average had been up 0.3 per cent.

    In Asia, Hong Kong’s Hang Seng index fell 1.7 per cent to 16,081.04 and the Nikkei 225 in Tokyo sank 1 per cent to 27,446.10. The Shanghai Composite Index misplaced 0.4 per cent to three,036.13. The Kospi in Seoul declined 0.9 per cent to 2,407.70 and Sydney’s S&P-ASX 200 was off 0.5 per cent at 6,964.00.

  • Share Market Today News: Indices snap two-session gaining streak; Sensex ends 152 factors decrease

    Stock Market New Today, Sensex, Nifty Share Price Live Today, November 9, 2022: The frontline fairness indices snapped their two-session gaining streak and ended 0.25 per cent decrease on Wednesday weighed by market heavyweights ICICI Bank and Reliance Industries (RIL).

    The S&P BSE Sensex fell 151.60 factors (0.25 per cent) to finish at 61,033.55 whereas the Nifty 50 declined 45.80 factors (0.25 per cent) to settle at 18,157.00. Both the indices had opened round 0.2 per cent greater earlier within the day however slipped within the crimson through the late morning offers.

    On the Sensex pack, Power Grid Corporation of India, Tech Mahindra, Sun Pharmaceutical Industries, Hindustan Unilever (HUL), NTPC, Mahindra & Mahindra (M&M), Bajaj Finserv, ExtremelyTech Cement, Larsen & Toubro (L&T), Titan Company, ICICI Bank and Maruti Suzuki India had been the highest losers on Wednesday. On the opposite hand, ITC, Dr. Reddy’s Laboratories, IndusInd Bank, HCL Technologies, Kotak Mahindra Bank and Infosys ended within the inexperienced.

    On the sectoral entrance, the Nifty Realty index fell 1.37 per cent, Nifty Healthcare index declined 1.22 per cent, Nifty Pharma slipped 1.14 per cent and Nifty Metal dipped 0.93 per cent.

    In the broader market, the S&P BSE MidCap index slipped 134.68 factors (0.52 per cent) to shut at 25,689.06 and the S&P BSE SmallCap declined 95.42 factors (0.33 per cent) to finish at 29,197.14. On NSE, the volatility index or India VIX rose 2.11 per cent to fifteen.92.

    Global Markets (from AP)

    World shares had been largely decrease on Wednesday as buyers awaited the result of the US midterm elections and a serious inflation replace due Thursday. Benchmarks fell in London, Paris, Frankfurt and Tokyo. Chinese shares declined after weak inflation information supplied additional proof of weakening demand on this planet’s second-largest economic system. US futures additionally declined.

    Early Wednesday, Germany’s DAX had fallen 0.8 per cent to 13,584.82 and the CAC 40 in Paris was 0.5 per cent decrease, at 6,412.25. Britain’s FTSE 100 shed 0.3 per cent to 7,281.54. The futures for the S&P 500 and Dow industrials had been down lower than 0.3 per cent.

    In Asian buying and selling, Tokyo’s Nikkei 225 index slipped 0.6 per cent to 27,716.43 after the Cabinet on Tuesday accepted a 29.1 trillion yen ($190 billion) supplementary price range to fund deliberate financial stimulus for the world’s third-largest economic system. Hong Kong’s Hang Seng misplaced 1.2 per cent to 16,358.52 and the Shanghai Composite index shed 0.5 per cent to three,048.17. In Seoul, the Kospi gained 1.1 per cent to 2,424.41, whereas Australia’s S&P/ASX 200 rose 0.6 per cent to six,999.30.

  • Share Market Today News: Indices snap two-day shedding streak, Sensex positive aspects 114 factors aided by RIL

    Stock Market New Today, Sensex, Nifty Share Price Live Today, November 4, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) snapped their two-day shedding streak and ended greater on Friday aided by market heavyweight Reliance Industries (RIL).

    The S&P BSE Sensex rose 113.95 factors (0.19 per cent) to finish at 60,950.36 whereas the Nifty 50 gained 64.45 factors (0.36 per cent) to settle at 18,117.15. Both the indices had opened on a optimistic notice earlier within the day and traded in a variety with damaging bias by means of bulk of the session swinging between optimistic and damaging territory.

    On the Sensex pack, Bajaj Finserv, UltraTech Cement, Tata Steel, State Bank of India (SBI), RIL, Asian Paints and Bajaj Finance have been the highest gainers on Friday whereas Dr. Reddy’s Laboratories, Infosys, Hindustan Unilever (HUL), NTPC, HDFC Bank, and Power Grid Corporation of India have been the highest losers.

    Among sectoral indices on NSE, the Nifty Metal index rallied 4.21 per cent, Nifty Media rose 1.07 per cent, Nifty PSU Bank gained 1.04 per cent and Nifty Oil & Gas inched 0.85 per cent.

    In the broader market, the S&P BSE MidCap index ended little modified at 25,647.07 whereas the S&P BSE SmallCap inched 118.95 factors (0.41 per cent) to shut at 29,107.24.

    “The Bank of England in its policy announcement mirrored the Fed’s view, dashing hopes for a near-term policy softening. Though a late rebound was seen in the domestic market, it was largely in the red zone as the Pharma and IT sell-off continued due to concerns about the impending recession. The dollar surged along with the US Treasury yield following the hawkish remarks from global central banks, while FIIs continued their domestic support,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

  • Indices fall for second day amid weak world equities

    Benchmark indices completed on a weak be aware on Thursday, extending their earlier day’s decline amid a detrimental pattern in world fairness markets after the US Fed hiked rates of interest by 75 foundation factors.

    The 30-share BSE Sensex declined 69.68 factors or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 factors or 0.69 per cent to 60,485.14.

    Similarly, the broader NSE Nifty dipped 30.15 factors or 0.17 per cent to finish at 18,052.70.

    From the Sensex pack, Tech Mahindra, PowerGrid, NTPC, Infosys, Wipro, HDFC, Tata Consultancy Services and Mahindra & Mahindra have been the main laggards.

    State Bank of India, Titan, Bharti Airtel and Hindustan Unilever have been among the many winners.

    Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended decrease.

    Stock exchanges in Europe have been buying and selling within the detrimental territory in mid-session offers. Wall Street had ended considerably decrease on Wednesday.

    “Fed’s refusal to tone down the speed hike narrative shattered the worldwide markets as buyers have been in expectation of a dovish commentary. Powell cautioned that the specified Fed price stage is greater than anticipated, although he indicated a price hike of lower than 75 bps within the upcoming conferences.

    “On the back of concerns about the US recession, IT stocks led the domestic selloff, while FII support helped limit the losses,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    International oil benchmark Brent crude was buying and selling 1.16 per cent decrease at USD 95.04 per barrel.

    Foreign Institutional Investors (FIIs) have been internet patrons on Wednesday as they purchased shares price Rs 1,436.30 crore, as per change information.

  • Share Market Today News: Indices snap 4-day gaining streak, Sensex skids 215 factors forward of US Fed consequence

    Stock Market New Today, Sensex, Nifty Share Price Live Today, November 2, 2022: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) snapped their four-session gaining streak and ended over 0.3 per cent decrease on Wednesday weighed by IT heavyweight Infosys and telecom main Bharti Airtel. Investors additionally remained cautious forward of the end result of US Federal Reserve’s price announcement and steerage on future price hikes due later within the day.

    The S&P BSE Sensex fell 215.26 factors (0.35 per cent) to finish at 60,906.09 whereas the Nifty 50 declined 62.55 factors (0.34 per cent) to settle at 18,082.85. Both the indices had opened on a flat notice earlier within the day and skid additional because the session progressed with the Sensex touching an intraday low of 60,794.39 and the broader Nifty slipping to 18,048.65.

    On the Sensex pack, Bharti Airtel, Maruti Suzuki India, Hindustan Unilever (HUL), Infosys, HCL Technologies, IndusInd Bank, Titan Company and Axis Bank had been the highest losers on Wednesday. In distinction, Sun Pharmaceutical Industries, ITC, Tech Mahindra, Dr. Reddy’s Laboratories, Reliance Industries (RIL) and Wipro had been the highest gainers.

    The broader market indices nevertheless ended blended with the S&P BSE MidCap index slipping 31.16 factors (0.12 per cent) to finish at 25,591.11 whereas the S&P BSE SmallCap rose 65.17 factors (0.23 per cent) to settle at 28,956.28.

    Among sectors, the Nifty Realty and the Nifty PSU Bank fell 0.80 per cent every and the Nifty Auto declined 0.74 per cent. On the opposite hand, Nifty Media rose 0.85 per cent and Nifty Metal gained 0.64 per cent.

    “With the FOMC’s outcome around the corner, profit booking and a risk-off mood dragged the domestic market to trade with cuts. Meanwhile, strong US employment figures dented expectations for a slowdown in rate hikes. Since the market has already priced in a 75 bps rate hike by the Fed, market movement will be determined by their comments on its next moves,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from Reuters)

    World fairness markets rallied on Wednesday and the greenback eased, with buyers showing to look previous one other doubtless rise in US rates of interest and hoping for a decelerate within the tempo of aggressive financial tightening.

    The Federal Reserve concludes a two-day assembly later within the day and is extensively anticipated to ship a fourth, 75 foundation factors (bps) price hike to comprise stubbornly-high inflation. For markets, the important thing query is whether or not the Fed will even sign it might gradual further price hikes, in a so-called dovish pivot.

    European inventory markets opened largely firmer, Asian shares exterior Japan rallied to a two-week excessive and US fairness futures pointed to a agency open for Wall Street.

    Upbeat remarks by Chinese regulators about coverage assist and rising expectations amongst buyers about easing of strict Covid-19 measures boosted sentiment in Asia. Chinese bluechips and Hong Kong shares gained 1.2 per cent and a couple of.4 per cent respectively. Japan’s Nikkei inventory index closed flat, holding shut its highest ranges since September.