EQUITY MARKET CAPITALISATION
Market capitalisation to GDP: Is the Buffett ratio giving us any signal?
The Buffet Ratio measures whether stock markets are overvalued or undervalued. Many countries, including the USA and Japan, have experienced periods of overvaluation. India has seen significant growth in its market cap, raising concerns about potential overvaluation. However, structural changes and policy shifts in India might justify this growth.
Are Indian households overleveraged in the equity market?
Reserve Bank of India has released new data revealing a surge in Indian household financial assets, driven by significant growth in equity investments. Despite this, household debt has also doubled since 2019, raising questions about the impact of this financial wealth on consumer spending.
NSE Investments to offload 20% stake in Protean eGov via OFS, sets floor price at Rs 1,550/share
NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.
8 of top 10 most-valued firms lose nearly Rs 2 lakh crore in m-cap
"Mounting concerns over rising CPI inflation and persistent disappointments in corporate earnings weighed heavily on sentiment," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
India's market cap to double in next 5-6 years to $10 trillion: Motilal Oswal
India's rising economic prominence is attracting international investors, with mega-cap companies like Reliance Industries and HDFC Bank increasingly appearing in global indices. The brokerage noted that as more Indian companies are included in international investment indices, foreign capital inflows are expected to grow, enhancing liquidity and strengthening overall market dynamics.
How are international funds taxed?
?India is among the top 5 countries by market capitalisation, but its share in the global market capitalisation is between 4-5%. Given this low share, wealth managers feel there is a need to diversify equity portfolios geographically to manage risk and participate in industries, tech and firms that are not available in the Indian stock market.
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Amid record FPI sales, most large-cap stocks manage to buck bearish trend
Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stock¡¯s trend over the past year. A year has roughly 200 trading sessions.
Tata Investment shares in focus ahead of Q2 earnings today
Tata Investment Corporation (TICL) shares are in focus as they announce quarterly earnings today. TICL, a Tata Group NBFC, saw a 149% revenue jump in Q1FY25 over Q4FY24 but a decline from the previous year. The stock has delivered a 120% return over the last year.
Corporate earnings to drive growth in Samvat 2081; 30 stock ideas to light up your portfolio
??As we enter Samvat 2081 on November 1, market sentiment is challenged by global uncertainties, including the upcoming US elections, Middle Eastern tensions, and signifi cant foreign outfl ows from Indian equities due to a rebound in Chinese markets.
D-St investors lose over Rs 9 lakh crore as Sensex crashes 931 points. 6 key factors behind bloodbath
Indian benchmark indices, the Sensex and Nifty, saw significant declines on Tuesday, driven by weak corporate earnings and foreign selling. Major companies like Reliance Industries and HDFC Bank contributed to the plunge, while sectoral indices, especially Nifty PSU Bank and Realty, led losses amid profit-taking from recent highs.
Zomato shares dip 5% amid fundraise plans via QIP
Zomato Share Price: Shares of Zomato dropped by 5.4% after the company announced a fund-raising plan through issuing equity shares. The company reported a net profit of Rs 253 crore for the April-June quarter, driven by revenue growth from Blinkit and Hyperpure.
Zomato board to consider fundraising via QIP on October 22
Zomato's board is scheduled to meet on October 22 to discuss raising funds through a qualified institutions placement (QIP) and to announce its September quarter earnings. The company previously reported a Rs 253 crore net profit for the April-June quarter, with significant revenue growth driven by Blinkit and Hyperpure.
Stock to watch: TCS shares in focus ahead of Q2 results
Shares of Tata Consultancy Services will draw attention as it reports its second quarter earnings. Analysts predict a 1.2-2.6% sequential revenue growth and an 8-10% year-on-year net profit increase, driven partly by the BSNL deal ramp-up. Market capitalization remains over Rs 15 lakh crore.
Drop by drop, indices in deep water
The NSE Nifty fell 0.87% or 218.85 points to close at 24,795.75. The BSE Sensex declined 0.78% or 638.45 points to close at 81,050. Both indices have slid nearly 5.3% in the past six days. The last time the Sensex and Nifty fell for six days in a row was in October 2023.
D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.
Adani Enterprises set to raise up to $2 billion through a QIP next week
Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.
Taking stock: A historical & future perspective on Nifty50¡¯s performance
The Nifty50 index, consisting of fifty blue-chip stocks on the NSE, has seen significant growth since its inception in 1995. With increased retail participation and institutional investments, the index has shown robust performance, particularly post-COVID. Future growth is expected with potential changes in its composition reflecting new economy sectors.
Anil Ambani's Reliance Group starts transformation journey
Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge. The group aims to strengthen its financial position and invest in high-growth sectors, boosting investor confidence.
Why largecap mutual funds offer a safety net?
With the Sensex at lifetime highs and a surge in smallcap stocks, financial planners advise investors to focus on large-cap funds. These funds invest 80% in top 100 companies by market capitalisation, offering a margin of safety. Large-cap funds are suitable for those seeking steady returns with lower risk over a five-year period.
These largecaps have ¡®strong buy¡¯ & ¡®buy¡¯ recos and upside potential of more than 25%
The way things have panned in the last couple of weeks, it is clear that bulls are not in any mood to leave the street anytime. At the same time, aided by international events, bears are also making small attempts to come back. With every session it is becoming clear that bears will not be able to make much of a dent on NIfty, so they better roam in the mid-cap segment. How long they will be able to roam if broader market indices are doing well is something which is still to be seen. But one thing is for sure as corrections and consolidation are part of every bull market we will continue to see them at regular levels. ET screener powered by Refinitiv¡¯s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Is it the best of times, or the worst of times, or a bit of both, for India¡¯s enthused marketwalas?
India is experiencing a significant phase of equity inflation, with stock valuations outpacing corporate earnings. Despite this, there is widespread optimism among investors. However, experts caution that the current market conditions may not be sustainable in the long term, given the rapid rise in valuations and economic assumptions.
Brigade Enterprises raises Rs 1,500 cr by selling shares via QIP
Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors through a qualified institutional placement. The company allotted over 1.3 crore shares at Rs 1,150 each, slightly below the floor price. This funding aims to support business expansion. Brigade reported a significant rise in net profit for the June quarter.
Brigade Enterprises launches QIP issue to raise up to Rs 1,500 crore
Brigade Enterprises, headquartered in Bengaluru, has initiated a Qualified Institutional Placement (QIP) issue to raise up to Rs 1,500 crore for business expansion. The floor price per share is set at Rs 1,164.70. This follows a strong quarterly financial performance, with net profit more than doubling to Rs 83.72 crore this June quarter.
PSU stocks HUDCO, Cochin Shipyard among 13 additions into FTSE All-World index
FTSE announced changes to its All-World Index on Friday, adding 13 Indian stocks, the highest from any country. The new additions include Bank of Maharashtra, Central Bank of India, Cochin Shipyard, Hitachi Energy India, HUDCO, KEI Industries, and Motilal Oswal Financial Services. Additionally, 14 Indian stocks were added to the FTSE Large Cap Index, including Bharat Dynamics and Dixon Technologies.
PSUs' M-cap grows by 4% in 2 years, now comprises 15% of India's total market capitalisation
Public Sector Undertakings (PSUs) in India have seen their market capitalisation rise by 4% over 24 months, and now represent 15% of the market. Despite unchanged earnings metrics, their valuation multiples have expanded significantly. ROE is improving, and substantial capex suggests future growth.
MFs step up equity play, take share in FI assets to a record
Mutual funds' share rose by 224 basis points in total assets under management (AUM) of institutional investors - the largest increase among institutional investors. The value of domestic funds' equity portfolios, spanning equity-related exposures such as equity funds, balanced funds, arbitrage funds, ETFs, and index funds surged 59% year-on-year to a record ?42.57 lakh crore last month.
MF Watch: Flexicap funds are a good starting point
Financial planners suggested flexicap funds as an ideal starting point for those entering equity mutual funds. Managers can invest across large, mid, and small cap companies without restrictions, making these funds versatile. With ?3.90 lakh crore managed across 39 schemes, they are suitable for long-term investors seeking balanced risk and volatility.
Create harmony in capital gains tax
Taxation of capital gains from equity ownership has gained popularity in the Indian budget, aiming to direct household savings into more productive investments. However, this treatment leads to widening inequality and limits tax revenue growth. India's stock market is mature, and the effective tax rate favors capital, causing wealth concentration and tax arbitrage between wage and capital income.
Mcap of BSE-listed firms hit all-time high of Rs 447.40 lakh cr
The market capitalisation of BSE-listed firms hit a record high of Rs 447.30 lakh crore on Thursday with the benchmark Sensex closing at a fresh all-time high level. The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors and settled 62.87 points or 0.08 per cent higher at 80,049.67.
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