INDIAN EQUITY MARKETS
Rupee hits all-time low of 84.60 vs USD on economic growth worries
The Indian rupee plunged to an all-time low on Monday amid concerns over slowing economic growth and regional currency declines. The Reserve Bank of India¡¯s likely intervention helped prevent further losses. Persistent outflows from domestic equities and a stronger dollar continued to weigh on the rupee, as foreign investors sold off local stocks.
ETMarkets Smart Talk: Top 10 stocks across 6 sectors that are looking attractive post recent fall: Gaurav Bhandari
Gaurav Bhandari, CEO of Monarch Networth Capital Limited, highlights that current levels indicate limited downside for Nifty, expecting it not to breach 23,263. He identifies several stocks with potential for bargain buys, and assesses that India is relatively insulated from US tariff changes under Trump, with resilient domestic markets and investment opportunities in metal, infrastructure, and NBFC sectors.
India Equity Playbook 2024: Will the Santa Claus effect work for Indian markets?
India's stock market has faced a 10% correction due to economic slowdown, credit growth reduction, and inflation concerns. However, domestic capex growth and a recovering global outlook may boost markets.
Central government capex to surge by 25 pc YoY in second half of FY25: Jefferies
The central government's capital expenditure is projected to increase by 25% YoY in the second half of FY25, focusing on infrastructure development over populist policies. Despite foreign investor outflows, strong domestic inflows and robust capex spending suggest a stable outlook for India's markets.
Global funds find bright spots in India despite equity outflows
Overseas investors are identifying opportunities in India despite significant outflows. Notable inflows have been seen in industrials, healthcare, and telecommunication stocks. Prime Minister Modi¡¯s push for manufacturing and increases in telecom prices are contributing factors. Financial stocks have been less attractive due to narrowing margins and asset quality concerns. Overall market trends indicate sector-specific investments are prominent.
Back to square one! FIIs sell Indian equities worth over Rs 11,000 crore after 3 days of buying
Foreign investors resumed selling Indian equities on Thursday, offloading Rs 11,756 crore. This reversed their recent three-day buying spree. The market fell sharply, with the Sensex down 1,190 points and the Nifty down 360 points. The selling was primarily driven by fears of a slower US Fed rate cut and weakness in IT and bank stocks.
Monitoring inflation in US & Indian market; going for largecaps in India: Hartmut Issel
Hartmut Issel, CIO WM at UBS Wealth Management, favors large-cap equities, particularly in consumer and financial sectors, due to their attractive valuations and growth potential. He sees opportunity in India's market, citing unsustainable earnings growth in FY24 and a technical upside in sectors like consumer and financials. He advises caution in the two-wheeler space due to peaking momentum.
Indian retail sector staring at these 6 risks, but 2 smallcaps hold edge: Nuvama
India's consumer durables sector faces risks like demand slowdown and rising competition, but small-cap firms Electronics Mart India and Aditya Vision stand out with strategic growth plans, offering compelling investment opportunities.
As Indian markets remain expensive, investors can allocate 15% to US equities
"Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall)," said Ashish Ranawade, head of products at Emkay Wealth Management.
F&O Stock Strategy: How to trade PEL and Apollo Tyres
Piramal Enterprises shows bullish momentum with trendline breakout and rising indicators, while Apollo Tyres experiences short-covering rally and bullish signals, suggesting upward potential in the short-term for both stocks.
Thanksgiving and Black Friday: Divergent signals for Indian stock market?
Thanksgiving Day has usually boosted the Sensex, India's stock market index. Black Friday, however, has often led to declines. The Sensex gained an average of 0.44% on Thanksgiving over the past six years. It fell an average of 0.80% on Black Friday over the past five years. This difference reflects global economic factors and investor sentiment.
Rupee trades in narrow range against US dollar in early trade
The Indian rupee opened relatively flat against the US dollar despite support from positive domestic equities. Geopolitical concerns, strong US dollar performance, and continued foreign portfolio outflows weighed on the rupee. The rupee reached an all-time low on Thursday due to the strengthening US dollar and high US yields.
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.
Goldman Sachs sets Nifty target at 27,000 in 2025
??Goldman's 12-month target of 27,000 on the Nifty implies an upside of 15.6% over Thursday's closing price of 23,349.90. The index fell 168.60 points or 0.7%. Goldman said the risk of derating in Indian equities remains even after the recent drop as valuations are still high. The estimated price to earnings ratio for MSCI India is at 23 times, above its 10-year mean and above its 'fair value' estimate of 21 times.
Rupee weakens to record low pressured by foreign portfolio outflows
The Indian rupee plummeted to a historic low against the US dollar due to a mass exodus of foreign investments from the Indian stock market. This decline was fueled by a steep drop in Adani group shares following allegations of a bribery scheme and uncertainty surrounding the Federal Reserve's interest rate policy.
ETMarkets Smart Talk: Domestic investors driving India's market stability amid Rs 1.3 lakh crore FII sell-off
The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.
1st Indian PE Gaja Capital plans IPO; may file draft papers in Dec
Gaja Capital, a mid-market Indian private equity firm, is preparing for an initial public offering (IPO). The firm, known for its investments in companies like RBL Bank and Teamlease, aims to create a pool of permanent capital for new ventures. If successful, Gaja Capital would become the first standalone domestic private equity firm in India to go public.
Markets get nuke spooks over Russia-Ukraine flex
Global markets reacted with anxiety as Putin threatened nuclear action following Ukrainian missile strikes deep inside Russia, facilitated by the US. European stocks and bond yields declined, while safe-haven assets like gold and the Swiss franc saw gains. The situation escalated after Biden lifted the ban on Ukraine using US long-range missiles against Russia.
FPIs reduce pace of selling in Indian equities in two weeks of November
Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
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