US Fed rate decision, June qtr earnings to drive markets this wk: Analysts

The US Fed interest rate decision and ongoing quarterly earnings from corporates are the major factors to drive the equity markets this week, where the benchmark indices may face volatile trends amid the scheduled monthly derivatives expiry, according to analysts. Besides, trends in global markets and the trading activity of foreign investors would also influence domestic equities. "On July 26, the US Federal Reserve will announce its policy decision, and there is an expectation of a 25 basis point rate hike. Market participants will closely analyse the comments made during the announcement. Additionally, on July 28, the Bank of Japan will also reveal its policy decision," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Companies like Tata Steel, Asian Paints, Axis Bank, Bajaj Finance, BPCL and Tech Mahindra will release their earnings throughout the week, Meena added. Shares of Reliance Industries Ltd, India's most valuable company, will be in focus on Monday aft

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FPIs stay invested in Indian equities; put in Rs 43,800 cr this month

Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached Rs 1.2 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said. According to the data, FPIs have been continuously buying In

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Households in Covid vulnerable districts bought more gold: IIMA study

Households in India's COVID-19 vulnerable districts allocated more gold to their savings portfolio during the pandemic compared to households in other districts, as per a study conducted by the Indian Institute of Management Ahmedabad (IIMA). The shift towards gold is accompanied by a shift away from other financial assets and cash, as per the IIMA working paper titled 'Gold in household portfolios during a pandemic: Evidence from an emerging economy'. The study, published on IIMA's website on June 30, captured the variation in the intensity of the crisis using two main indicators: COVID-19 cases per 1,000 population, and satellite-based night-time lights intensity. The survey covered 142 districts across 21 states. India is the second-largest consumer of gold (in the form of jewellery) in the world and an average Indian household invests 11 per cent of its overall holdings in the precious metal, as per the study paper. It said addressing geographical inequalities in the availabil

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Incorrect security pricing caused by glitch behind India index slump: MSCI

The MSCI India Index slumped about 9% mid-day local time even as the Nifty 50 Index, the benchmark gauge of the National Stock Exchange of India Ltd., was down about 1%

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Gold price dips Rs 310 to Rs 60,440, silver price rises Rs 600 to Rs 79,000

The price of 22-carat gold dipped Rs 300, with the precious metal selling at Rs 55,400

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Wall Soft from UP is Launching a Hybrid Crypto Currency Exchange

Mumbai (Maharashtra) [India], July 21: A start-up based in Uttar Pradesh, India, is causing a major disruption in the realm of cryptocurrency with its groundbreaking approach. While cryptocurrency trading exchanges are gaining popularity, they often suffer from inflexibility. Recognizing these limitations, Wall Soft Info Labs Private Limited has introduced Hybrid Exchange, such as HEX, to address the common challenges faced by users, including limited control over their funds, interference from third parties, and restrictive policies related to naming. By offering a seamless trading experience, rapid transactions, and a user-friendly interface, the company aims to provide users with unparalleled flexibility.

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Information technology companies battle revenue slowdown, margin decline

The meltdown in IT stocks on Friday was triggered by the Infosys results and projections announced the previous day

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Utkarsh Small Finance Bank makes solid debut with 60% listing gains

Shares of Utkarsh Small Finance Bank listed at Rs 40, a 60 per cent premium over its issue price of Rs 25 per share on the National Stock Exchange (NSE) on Friday

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Gold price unchanged at Rs 60,750, silver prices at Rs 78,400 per kg

The price of ten grams of 22-carat gold was Rs 55,700, the same as Thursday

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Stock market LIVE: Gift Nifty signals gap-down start, down nearly 100 pts

Stock market LIVE updates: Overnight, the Dow Jones index posted its ninth straight session of gains, recording its longest winning streak since 2017

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Trading strategies for Nifty Energy, MNCs, Commodities indices

According to Ravi Nathani, an independent technical analyst, all the three indices are presently displaying a bullish trend on charts.

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Ailtra launches AI-Powered Crypto Trading Bot to Revolutionize Industry Standards

San Jose (California) [US], July 20: Ailtra, a pioneering company at the intersection of artificial intelligence and cryptocurrency trading, is thrilled to announce the launch of its cutting-edge auto trading bot. With this innovative solution, Ailtra stands poised to drastically overhaul the cryptocurrency industry's norms and expectations.

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Market regulator Sebi revises illegal gains amount in pump-and-dump matter

Sebi had issued the order on 31 entities which allegedly operated the pump-and-dump scheme

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RIL gains 2% as it trades ex-Jio Financial; JFS valued at Rs 262 on NSE

Jio Financial Services was valued at Rs 251 on the BSE and Rs 262 on the NSE, as the price of RIL (ex-JFS) settled at Rs 2,589 and Rs 2,580, respectively, on both the exchanges.

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$46 bn rally shows optimism is returning for India's IT companies

The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market value. The 10-member gauge has turned the rally up a notch in July

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Stock Market LIVE: Gift Nifty flat; all eyes on Jio Financial listing

Stock market LIVE updates on July 20: Asia-Pacific markets were mixed this morning, ahead of a slew of economic data across the region

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Blackstone on brink of $1 trn milestone in first for private equity

Private equity firms have risen to power major tracts of the US economy

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Sebi cancels Fairwealth Commodity Broking's registration for misusing funds

Capital markets regulator Sebi on Wednesday cancelled the registration of Fairwealth Commodity Broking Pvt (FCBL) as a broker for misusing clients' funds. This order would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said. The present matter emanates from the findings in respect of the inspection carried out by Sebi of FCBL during the period from April 2017 to December 2018. In its probe, Sebi found "FCBL had carried out acts that resulted in failure to segregate client funds from own funds; misuse of clients' funds; non-settlement of clients' funds; providing wrong/incomplete enhanced supervision data; improper client registration process; and incorrect mobile number and email ID". The brokerage house on three trading days, out of the sample 36 trading days chosen for inspection, had misused the funds of clients, the regulator said in its 25-page report. Also, there were many instances where settlement of funds of clients hadn't happen

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RIL near record high ahead of Jio Financial demerger; up 12% so far in July

Analysts value Jio Financial Services at Rs 161/share, which is 1x RIL's treasury stock valuation of Rs 1,087 billion or $13 billion

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Rallis India trades flat day after Rekha Jhujhunwala offloads 5.5% stake

Tata Chemicals acquired 9.7 million shares of its subsidiary for Rs 208 crore through a bulk deal, with face value of Re 1 each at Rs 215.05 per equity share.

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IndusInd Bank surges 4% to highest level since Jan 2020 on healthy Q1 nos

The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months

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Nifty Metal looks weak; sell with stop loss at 6,564, suggests chart

Meanwhile, the Nifty FMCG index is expected to consolidate in the range of 53,971 and 52,484, says Ravi Nathani, an independent technical analyst.

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G20 FMCBG meeting: Members find common ground on economy and crypto

Ukraine, international law remain sticking points

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This Vijay Kedia-owned stock has zoomed over 70% in 3 days

Panasonic Energy India Company hit a near eight-year high at Rs 427, on rallying 20 per cent on the BSE amid heavy volumes on the BSE.

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Gold price unchanged at Rs 59,980, silver prices at Rs 77,700 per kg

The price of ten grams of 22-carat gold was Rs 54,980, the same as Monday

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Stock Market LIVE: Indices eye new record highs; Nifty may touch 19,750

Share market LIVE updates: Gift Nifty was quoting at 19,770 levels in early deals, up 40 points from Nifty futures' previous close

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Fin Nifty needs to clear hurdle at 20,500; Pvt Banks index looks bullish

According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.

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Financial Stability Board seeks measures to regulate cryptoassets

Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said

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CoinDCX collaborates with Jocata over anti-money laundering processes

The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape

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Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said

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Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.

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Stocks to watch: HDFC Bank, Bandhan Bank, LTIMindtree, Angel One, D-Mart

Stocks to watch on July 17, 2023: From HDFC Bank to Angel One, here are the top stocks to watch in Monday's trading session

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Nifty bulls need to keep an eye on these two key levels, show charts

Meanwhile, if the Bank Nifty closes above 45,150 it would indicate fresh strength, says Ravi Nathani, an independent technical analyst.

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Been more surprised with the rise in global markets: Andrew Holland

"The markets may have run up recently, but we do not believe it to be an irrational exuberance bubble"

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Sitharaman for strengthening global architecture to combat financial crimes

Finance Minister Nirmala Sitharaman on Sunday made a case for further strengthening of global architecture to combat financial crimes, money laundering and sharing of information about different asset classes including crypto currencies. Addressing a 'G20 High-Level Tax Symposium on Combating Tax Evasion, Corruption and Money Laundering', the minister exuded confidence that G20 will continue to assist the jurisdictions in enhancing their law enforcement capacity. Under the G20 Presidency, Sitharaman said, India has taken the lead for building capacity in tax and financial crime investigation in the South Asian region in collaboration with OECD. India has decided to launch a pilot on tax and financial crime investigation in collaboration with OECD for the South Asian Region beginning at the Regional Campus of National Academy of Direct Taxes in New Delhi on July 18. Observing that G20 has helped spearhead a number of reforms to the global tax, anti-corruption and anti-money launderi

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NSE raps Angel One for lapses, slaps Rs 1.67 crore monetary penalty

Angel One has said NSE's order does not affect the existing business or the activities of the APs affiliated with the company

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Pen maker Flair Writing Industries files Rs 745-cr IPO papers with Sebi

Pen maker Flair Writing Industries Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 745 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 365 crore and an offer-for-sale (OFS) of equity shares worth up to Rs 380 crore by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Friday. Those offering shares in the OFS are -- Khubilal Jugraj Rathod, Vimalchand Jugraj Rathod, Nirmala Khubilal Rathod, Manjula Vimalchand Rathod, Rajesh Khubilal Rathod, Mohit Khubilal Rathod, Sumit Rathod; Sangita Rajesh Rathod; Shalini Mohit Rathod and Sonal Sumit Rathod. At present, promoters and promoter group entities own a 100 per cent stake in the company. The company proposes to utilize the net proceeds of the fresh issue for setting up a manufacturing facility for writing instruments at Valsad district, in Gujarat; funding its capital expenditure and its

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Investors prefer small-cap mutual funds; net inflow Rs 11,000 cr in Q1FY24

Mutual funds focused on small-caps have emerged as the winner with a net inflow of close to Rs 11,000 crore in April-June quarter, as fund managers struggle to create alpha in the large-cap space, and the trend is expected to continue for some time. On the other hand, large-cap space, which is yet to pick up momentum, witnessed an outflow of Rs 3,360 crore during the quarter under review, data from the Association of Mutual Funds in India (Amfi) showed. Apart from the June quarter, small-cap funds logged an inflow of Rs 6,932 crore in three months that ended in March. "The strong rally witnessed in the mid and small-cap indices in the last few months, and the fact that it is becoming difficult to create alpha in the large-cap space can be the reasons for the huge inflows into smallcap funds" Himanshu Kohli, Co-founder, Client Associates, said. The huge inflows into these funds have made fund managers more cautious in their stock selection as the valuations have become stretched, he

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