The fall of both the Sensex and Nifty indexes over the last month has been majorly due to concerns over corporate earnings, a general slowdown in economic growth, exports, and also in consumption.
The fall was because the market probably thought that the budget revenue estimates were too aggressive. And secondly, it fell because of the perceived tax on foreign portfolio investors.
What’s more, most of the PSUs have performed badly since their respective listings, with New India Assurance being the worst performer among the PSU IPOs.
In June, Adani Green Energy through its three subsidiaries became the first issuer of green bonds on that platform. Green bonds of three subsidiaries of Adani Green Energy worth $500 million were listed.
The stock tanked after the State Bank of India-led consortium of lenders on Monday decided to take the airline to National Company Law Tribunal (NCLT) after failing to receive buyers.
The regulator highlighted that issuers perceive a higher exposure to price risk due to the current rights issue process while investors expect allotment and listing timelines to be shortened.
As a result, the share of these funds declined to a four-quarter low of 34.78% in March 2019. According to data analyzed from Prime Database, the share of these mutual funds had narrowed further from 38.22% in December 2018 and 36.09% in September 2018.
Over one-third of investors surveyed by Bank of America Merrill Lynch have held hedging measures against a sharp fall in equity markets over the next three months.
A research head of a stockbroking firm said that due to markets regulator Sebi’s circular in October 2018 on commission, many distributors were not encouraged to sell mutual funds because of a ban on upfront commission.
Edelweiss report: Industrials, materials and consumer discretionary stocks held highest promoter pledges
Companies with no promoter pledge and where promoter stake has increased include Godrej Agrovet, CEAT, La Opala RG, TV Today Networks, Dollar Indus, Balaji Telefilms, Monte Carlo Fas, Kitex Garments, Waterbase, Sukhjit Starch
The board of directors of Wipro on Tuesday approved the buyback plan of Rs 10,500 crore of up to 32.3 crore shares at Rs 325 per share under the tender route. The buyback would be 5.35% of the total paid-up equity share capital of the company.
Banking indices on the BSE and the National Stock Exchange (NSE) hit their respective 52-week highs during Tuesday’s intraday trade. This happened amid strong retail loan growth while private banks continue to see improving profitability on account of lower slippages.
Sebi said open offer requirements for corporate debt restructuring will now be restricted to scheduled commercial banks and all-India financial institutions.
Among the states, the average CSR spends per company was the highest in the National Capital Territory, closely followed by Karnataka and Maharashtra.
In Q3FY19, Foreign Portfolio Investors (FPIs) sold equities worth Rs 19,100 crore and for the same period in the previous year, FPIs bought equities worth Rs 16,900 crore. For the December 2018 quarter, banks, IT services, and oil and gas were the top sectors that witnessed selling by FPIs, according to a report by Kotak Institutional Equities.
With BSE Sensex extending its fall to the eighth day and NSE Nifty to the seventh day on Monday, Midcap indices of both Sensex and Nifty are close to hitting their respective two-year low levels.