The BSE Metal and the Nifty Metal indices hit their respective 52-week lows during Friday’s trading session. The BSE Metal index closed the day 3.42 percent lower at 10,266.29 points while the Nifty Metal index closed 3.36 percent down at 2,740.5 points. On the Nifty Metal index, SAIL was the biggest loser, closing 8.43 percent.
Shishir Baijal, chairman and managing director at Knight Frank, sees the rate cut as a positive opportunity for the sector. “We hope it will provide a further fillip to the demand side for real estate. We now expect banks to pass on benefits of revised rates to end consumers of loans.
According to Kotak Securities, in a rising interest rate scenario, promoters often use shares owned by them as collateral for loans. Shares of companies with high pledging of promoter holding tend to witness volatility. However, stocks with more shares pledging witnessed a significant fall in market capitalization in the last month.
It is possible that, in coming years, some of the larger and historically, more high-inflation-prone EM economies – China, India, Indonesia, and Brazil – could experience CPI deflation, which could be driven by the digital tech wave.
In the last few years, initial public offerings (IPOs) have been a favored route for PE/VC investors to exit. However, as IPOs took a hit in 2018, the attraction of public issues as an exit route has significantly reduced.
The Indian equity market has been recording a dispersion of valuations (disconnect between EPS growth differential and PE differential) among the MSCI India stocks.
Hero MotoCorp chairman Pawan Munjal urged the government to reduce goods and services tax (GST) on bikes and scooters from 28% to 18% as it could provide relief to two-wheeler customers across the country.
Fund-raising via initial public offerings (IPOs), offers for sale (OFS) and qualified institutional placements (QIPs) dropped 53.89%, 40.98%, and 72.72%, respectively, compared with CY17.
Due to a meltdown owing to multiple reasons, IPOs have slowed down in 2018 so far. However, in 2017, more companies had lined up for listing, as a newly-listed company gets good valuation in an expensive market.
Notwithstanding the volatility in the markets in the calendar year 2018, alternate investment funds (AIFs) flows are set to hit a record high this year with commitments worth over Rs 2 lakh crore, and corporate funds worth Rs 1 lakh crore already raised, Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi said.
Ajay Tyagi said the performance of the Indian capital market compares favorably with other major global markets on parameters such as indices’ returns, volatility, and currency.
Limaye said despite ETFs being in existence for a long time, the assets linked to equity, debt, and commodity ETFs aggregate to around Rs 94,100 crore, with equity ETFs alone having a share of close to 93% in the domestic ETF market, which is just 4% of mutual fund AUM.
India stock market lacked cheer in Samvat 2074; Nifty gain moderate: Here are top gainers and losers
Nifty had posted a return of 17.6% and 10.2% in the previous two Samvat years and therefore the returns need to be seen in that light.
Indian bourses continue to be one of the most expensive in terms of the price-to-earnings (P/E) ratio in spite of a sharp sell-off in emerging markets this year.
Mid and small-cap: Tech, pharma, consumer stocks top performers while the majority of stocks trade in red
While 90% of Nifty small-cap and 77% of Nifty mid-cap stocks have been trading in the red since the beginning of the year, some stocks from the export-driven and consumer sector have given returns up to 89.26% in the small and mid cap space.
According to a report by the Department of Industrial Policy and Promotion, only 20% of the Indian market is served by Indian toy manufacturers while the rest is served by imported toys from different countries, mainly from China and Italy.
Shares of interest-rate-sensitive stocks ended lower on Friday after the Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 6.50% during its fourth bi-monthly monetary policy review.
Even as the central government achieved its disinvestment target in the financial year 2017-18, several public sector stocks that got listed in that year are currently trading below their issue prices.
Domestic Institutional Investors back Indian equities, pour $10 bn so far this year; FPI flows likely to go up
Domestic institutional investors (DIIs) have continued to invest aggressively in Indian equities, pouring a staggering $10 billion so far this year. Total buying by DIIs in equity till August-end stood at $10.25 billion.