FPIs stay glued to Indian equities; infuse Rs 16405 cr in June so far

Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected Rs 16,405 crore in June so far on the country's strong economic rebound and positive growth outlook. FPI flows touched a nine-month high of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed. Before that, FPIs had pulled out over Rs 34,000 crore during January-February. "Considering the current investment trend, it is expected that FPIs will continue to show interest in the Indian market throughout the month," Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. The ongoing economic recovery, positive corporate earnings, and supportive policy environment are likely to sustain the inflow of funds, he added. However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money .

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Gold price rises Rs 440 to Rs 60110 silver unchanged at Rs 73100

The price of ten grams of 22-carat gold increased by Rs 400 to Rs 55,100

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World shares jump to 14-month highs after heavy central bank week

A gauge of global stock markets jumped to a fresh 14-month high on Friday, while the US dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings

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NCDEX all set to relaunch groundnut futures after more than 13 years

Sources said going forward, the exchange is also planning to add more new contracts

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Kalyan Jewellers surges 12% after 6% equity change hands via block deals

About 6.41 million shares representing 6.2 per cent of total equity of the company changed hands on the NSE via block deals in pre-opening trade, the exchange data shows.

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RK Forgings Titagarh Rail hit record highs; stocks zoom up to 93% in CY23

Their consortium has won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat Initiative by Ministry of Railways

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F&O Strategy for Biocon: HDFC Securities recommends a Bull Spread

The stock price of Biocon has broken out on the daily chart with higher volumes where it closed at highest level since June 7, 2023

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Stock Market Live: Asian indices higher; ECB raises rates to 22-year high

Stock Market Live on June 16, 2023: At 7:15 am, the SGX Nifty quoted 18,809 levels, up 50 odd points

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India's first micro-cap fund launched; to track Nifty Microcap 250 Index

The stocks in Nifty Microcap 250 Index are generally those that rank between 501 to 750 in the m-cap rankings

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IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook

In the past two months, the stock of IDFC First Bank has zoomed 47 per cent on a stable outlook

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PNC Infra surges 6% amid reports of KKR unit eyeing its road assets

KKR's roads Highways Infrastructure Trust is in talks to acquire a portfolio of 12 road projects from the company for an enterprise value of about Rs 9,000 crore.

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Axis Bank trades firm after 22.5 mn shares change hands on NSE

Around 22.5 million shares representing 0.74 per cent of total equity of Axis Bank changed hands on the NSE in pre-opening deals.

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Stocks to Watch today June 15: Axis Bank Infy TCS IOC realty Zee REC

Stocks to watch on June 15, 2023: Shares of IT companies are likely to be in focus on Thursday after JP Morgan reiterated its negative stance and downgraded the sector to underweight.

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Stock Market Live: Asian stocks rise after US Fed's hawkish rate pause

Stock Market Live on June 15, 2023: At 7:15 am, the SGX Nifty quoted 18,818 levels, down 20 odd points

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Settle with Binance over asset freeze to allow ops judge urges US SEC

The judge also expressed skepticism about the SEC's use of its enforcement powers to regulate the crypto industry, calling it "inefficient and cumbersome"

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HDFC Sec sees up to 16% upside in Firstsource Solutions Marico; check why

Midcap IT as a sector has been outperforming and the same is expected to continue

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Stock Market Live: Asian stocks gain as US CPI growth eases to 2 year-low

Stock Market Live on June 14, 2023: At 6:45 am, the SGX Nifty futures were 50 points higher at 18,833, just shy of Nifty50's all-time high

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Virtual India becomes First Indian Advisory Firm in the Regulatory Industry to accept cryptocurrency payments

New Delhi [India], June 13: Virtual India, a prominent Advisory firm specializing in Accounting, Legal, Startup Incorporation, Regulatory Compliance & Financial Services, has recently made headlines by becoming the first Indian firm in the regulatory industry to accept cryptocurrency as a form of payment. This move highlights Virtual India's dedication to innovation and adaptability within the dynamic financial landscape.

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PE funds investment in warehousing saw 45% rise in 2022, shows data

This comes when total leasing of warehousing space in India increased from 51.3 million square feet in 2022-23, compared to 51.2 mn sq ft in 2021-22

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ZEE slips 6% as Sebi bars Punit Goenka, Chandra from holding key positions

The matter pertains to a Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore

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Gold price dips Rs 100 to Rs 60,450, silver falls Rs 200 to Rs 74,300

The price of ten grams of 22-carat gold declined Rs 100 to Rs 55,400

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Wall Street set for gains as investors look for cooler inflation, Fed pause

A global index of stocks rose slightly on Monday while US Treasury yields also edged higher ahead of key US inflation readings and interest rate decisions later this week from central banks

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El Nino biggest immediate risk for the markets; not priced in yet: Analysts

Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.

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PTC Industries hits 52-week high, hits 20% upper circuit on healthy outlook

PTC is one of the world's leading suppliers of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial

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Go Fashion slips 5% after over 10% equity change hands on NSE

According to reports, the Indian arm of US venture capital firm Sequoia Capital was planning to sell 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals.

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Nifty, Nifty Bank eye range-bound moves; here's how to trade them

Given that the overall trend is bullish, the recommended trading strategy would be to consider buying NIfty50 near the support levels

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Stock Market Live: Japan May wholesale inflation drops; Asian shares mixed

Stock market live on June 12, 2023: The consumer price inflation is expected to have cooled to a 20-month low of 4.42% in May, as per a Reuters poll

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As SEC-Coinbase fight begins, it'll be Grewal vs Grewal in the courthouse

Indian-origin Paul Singh Grewal, an attorney working as chief legal officer at crypto exchange Coinbase which is in the thick of controversy

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Sebi's SCORES platform disposes of 2,457 complaints against cos in May

A total of 2,457 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in May. At the beginning of May, as many as 2,984 complaints were pending, and 2,626 fresh complaints were received, according to the data released by markets regulator Sebi on Saturday. The regulator also noted that as of May 2023, 28 complaints were pending for more than three months, the data showed. These complaints were related to investment advisers, research analysts, corporate governance/ listing conditions, minimum public shareholding, venture capital funds and takeover/ restructuring. The average resolution time for a complaint was 31 days, as per the data. In a separate public notice, the markets watchdog Sebi mentioned 12 entities against whom complaints have been pending for more than three months on SCORES as of May 2023. The entities included Brightcom Group Ltd, Ankur Jain, Research Guru, Umesh Kumar Pandey proprietor -- Aurostar Investment

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Mutual funds invest over Rs 2,400 cr in equities in May due to GDP growth

After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said. "Stable GDP growth, low inflation, investor-friendly policies, and global market sentiments towards emerging economies play a significant role in attracting investments from both mutual funds and foreign portfolio investors (FPIs)," Akhil Chaturvedi, Chief Business Officer at Motilal Oswal AMC, said. According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April. However, there is a disparity in May's investments between mutual fund

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