Nomura raises Nifty target to 12,900 by March 2020

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.

Markets concerned about a slowdown in profit growth: First Global MD

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.

Almost half of companies listed since 2016 are trading below offer prices

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.

Incentives to GIFT City could boost financial activities

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.

Jet Airways stock tanks 41%, hits all-time low

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.

Korea dominates fund mobilization; India’s NSE leads the BRICS pack

The total fund mobilization by both NSE and BSE via issuance of equity and bonds stood at $30,119 million.

Markets tumble after hitting record highs

Going ahead, the stimulus for India could be the RBI cutting rates by 25-50 bps over the next six months.

Fund-raising through rights issues crosses Rs 50,000 crore so far this year

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.

Domestic mutual funds trim exposure to promoters’ pledged shares

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.

Investors well-hedged but not positioned for a breakdown: BofA ML

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.

Domestic institutions turned net sellers this year so far

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.

Buybacks, IPOs, strategic deals lead disinvestment process in FY19

Electrification Corporation (REC) by transferring `14,500 crores to the government.

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

Cement stocks rally as Ultratech Cement results beat estimates

Ultratech Cement continued to rally for the second consecutive session, closing 5.14% higher at Rs 4,622.

PSUs dominate the list of buybacks in FY19

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 hit fresh 52-week highs on improved economic activity

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 Board Meet: Regulator unveils a slew of reform measures

Sebi said open offer requirements for corporate debt restructuring will now be restricted to scheduled commercial banks and all-India financial institutions.

India Inc loosens purse strings: CSR spending crosses Rs 50,000 cr mark in 4 years

Among the states, the average CSR spends per company was the highest in the National Capital Territory, closely followed by Karnataka and Maharashtra.

Holdings by foreign, domestic institutions at an all-time high in Dec quarter

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.

Markets bleed: Midcap indices close to hitting two-year lows

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.

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