Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

Amid weak global cues and cautious March quarters earnings, Indian equity indices remained in the red last week. However, on Friday, Reliance Industries and ICICI Bank results matched the expectation of the analysts. The BSE Sensex index ended 847 points or 1.40% lower at 59,538, while Nifty50 fell 204 points or 1.14% at 18,828 last … Read more

FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24

FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24

After withdrawing record funds in 2021-22, foreign portfolio investors (FPIs) continued their sell-off in the last fiscal too and pulled out Rs 37,631 crore from Indian equities amid aggressive rate hikes by central banks globally. The outflow trend is likely to reverse in the current financial year since India has the best growth potential in … Read more

Downgrade in future earnings growth could pose biggest risk to markets in FY24

Downgrade in future earnings growth could pose biggest risk to markets in FY24

After facing many challenges, the fiscal year of FY23 has ended. The economy and market bore many from supply constraints including hyperinflation, the overvaluation saga of India’s largest conglomerate, and the collapse of international banks due to mounting interest rates. These concerns still linger and could bear consequences on the performance of the stock market … Read more

Investors who accumulate stocks on dips in H2 will be in a king position: Vinod Nair

Investors who accumulate stocks on dips in H2 will be in a king position: Vinod Nair

The ongoing instability of the world banking sector will urge central banks to go slow on aggressive monetary policy. We can expect the rates to peak in the next couple of months.And the world economy and stock market will take it with open arms. Generally, it is a good development, preaching out the probability of … Read more

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

New Delhi: After the Paytm‘s IPO fiasco, Sebi has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus … Read more

FPIs invests Rs 11,500 cr in Indian equities in Mar

FPIs invests Rs 11,500 cr in Indian equities in Mar

Foreign investors have put in Rs 11,500 crore in the Indian equities so far this month, mainly driven by bulk investment from the US-based GQG Partners in the Adani Group companies. Going ahead, FPIs may take a cautious stance in their approach in the coming days following the collapse of the US-based banks — Silicon … Read more

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

The initial public offer (IPO) of road construction company Udayshivakumar Infra will open for subscription on March 20 and close on March 23. The IPO comprises fresh issue of shares worth up to Rs 66 crore. The company has fixed a price band of Rs 33-35 per equity share and investors can bid for 428 … Read more

Gold outlook: Price may liquidate further if support at Rs 54,000 is broken

Gold outlook: Price may liquidate further if support at Rs 54,000 is broken

The recent hawkish comments from the US Fed chairman let the gold investors take a cautious approach, pulling down prices to near $1800 an ounce this week. Easing fears of a global recession, higher US bond yields, and a three-month high US dollar also weighed down the sentiment of the precious yellow metal. Gold surged … Read more

India’s forex reserves rise to $562.40 billion as of March 3

India’s forex reserves rise to $562.40 billion as of March 3

India’s foreign exchange reserves rose by $1.5 billion in the week ending March 3, breaking a four-week falling trend. The reserves were at $562.4 billion, Reserve Bank of India data showed. The accretion was largely on account of overseas investment inflows into Adani group of companies. American firm GQG Partners pumped in $1.9 billion into … Read more

No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February

No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February

NEW DELHI: Foreign institutional investors, who have been on a selling spree in the last few months, sold Indian stocks worth over Rs 10,000 crore in 3 old economy sectors – metals, power and oil and gas – last month. NSDL data shows that the worst sell-off was in the oil and gas sector, with … Read more