FPI inflow continues in Dec; equities corner Rs 11,119-cr investment

Foreign investors pumped in Rs 11,119 crore in the Indian equities in December, making it the second consecutive monthly inflow, despite increasing concerns over the re-emergence of Covid-19 cases in some parts of the world. However, foreign portfolio investors (FPIs) have turned cautious in recent days. The inflow in December was much lower compared to Rs 36,239 crore invested by FPIs in the month of November, data with the depositories showed. "Despite correction in the markets, increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US. FPIs remained net buyers in the Indian equity markets (in December)," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. Also, in the midst of the ongoing uncertainty, many investors would have also chosen to book profits with Indian markets touching all-time high recently. Overall, FPIs have made a net withdrawal of Rs 1.21 lakh crore from the Indian equity markets

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Mcap of eight of top-10 firms jumps Rs 1.35 trn; SBI, RIL major winners

Eight of the 10 most valued firms together added Rs 1,35,794.06 crore in market valuation last week, with State Bank of India and Reliance Industries Limited emerging as the biggest winners. Last week, the 30-share BSE benchmark climbed 995.45 points or 1.66 per cent. Hindustan Unilever Limited and Bharti Airtel were the laggards from the top-10 pack. The market valuation of State Bank of India jumped Rs 35,029.1 crore to Rs 5,47,257.19 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 31,568.08 crore to Rs 17,23,979.45 crore. The valuation of Adani Enterprises rallied Rs 24,898.33 crore to Rs 4,39,966.33 crore and that of HDFC Bank advanced Rs 16,535.08 crore to Rs 9,07,505.41 crore. Tata Consultancy Services' (TCS) mcap went higher by Rs 11,690.67 crore to Rs 11,92,576.32 crore and that of ICICI Bank gained Rs 8,221.94 crore to Rs 6,21,588.34 crore. The valuation of Infosys climbed Rs 4,692.01 crore to Rs 6,34,873.16 crore and that of HDFC surged Rs 3,1

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Global headwinds, rate hike concerns to keep investors on guard in 2023

Investors are relieved about the returns this year, which happened despite record FPI outflows and are slightly circumspect about the next year considering the headwinds

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IDBI Mutual Fund signs agreement to transfer schemes to LIC MF

Merger likely to make LIC MF the 22nd largest fund house by AUM

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Gold, silver prices rise in early trading; gold selling at Rs 50,350

Silver prices rose Rs 1000 from yesterday's close and the precious metal is selling at Rs 71,300 per kg

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IEX gets shareholders' nod to buy back shares worth up to Rs 98 crore

Indian Energy Exchange (IEX) has got shareholders' approval through postal ballot to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing. The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore. The IEX had listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The indicative maximum number of equity shares at the buyback price would be 49,00,000. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.

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Last trading day: Indices end in red owing to fag-end selling amid losses

The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it had risen by 258.8 points or 0.42 per cent to a high of 61,392.68

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Lotus Chocolate hits 5% upper limit as Reliance eyes majority stake

Reliance Consumer Products will acquire 51 per cent controlling stake in Lotus for Rs 74 crore and also make an open offer to acquire additional 26 per cent stake.

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HG Infra wins NHAI project worth Rs 997 crore; stock surges 8%

The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.

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Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari

According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.

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Website Redesign, New Tokens, Pricing, and Merchant Model Updates for B2BinPay

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Debt MF schemes doing well in stress tests: RBI financial stability report

The central bank says stress tests show risks faced by debt schemes is within limits

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Indices see-saw on Covid fears, fag-end buying in telecom, banking stocks

the broader NSE Nifty gained 68.50 points or 0.38 per cent to end at 18,191

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KFin Technologies makes listless debut; slips over 2% from issue price

Post tepid listing, KFIN stock price slipped to a low of Rs 355 as against the issue price of Rs 366 per share.

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Shriram Finance slips 7% as additional 174 mn shares are listed on bourses

17,43,44,710 equity shares of Rs 10 each of Shriram Finance were listed and permitted for trade on the exchange with effect from Thursday, December 29, 2022.

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Tech darling that rose 2,500% in 2021 now among India's worst performers

The beating in the company's shares has wiped away 129 billion rupees ($1.6 billion) in market value

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Sebi imposes Rs 75 lakh fine on ICCL, NCL in Karvy Stock Broking case

Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 lakh on NSE Clearing Corporation. The order came after market watchdog initiated adjudication proceedings against ICCL and NSE Clearing Corp for alleged violation of provisions of Sebi's early warning mechanism (EWM) circular issued on December, 2018. Under the EWM circular, alerts triggered at one stock exchange / clearing corporation/ depository through early warning mechanism shall be immediately shared with other stock exchanges / depositories with respect to the stock broker / depository participant. It was observed that National Securities Depository Limited (NSDL) sent various alerts pertaining to KSBL to ICCL and NCL during February-November 2019. ICCL and NCL were required to .

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Tech-led slump on Wall Street led to fall in Asian markets post-Christmas

Shares were mostly lower in Asia on Wednesday after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors. Shares fell in Tokyo, Shanghai and Seoul but rose in Hong Kong as the Chinese government took further steps to reopen to foreign travel after relaxing its stringent zero-COVID policies. Oil prices fell back and US futures inched higher. The Chinese government announced it will start issuing new passports in another major step away from anti-virus travel barriers. That sets up a potential flood of tourists out of China for next month's Lunar New Year holiday, taking free-spending Chinese visitors to Asia, Europe and other destinations during what usually is the country's busiest travel season. But governments in India and Japan have said they will impose extra precautions on those arriving from China due to widespread virus outbreaks there. US officials, speaking on condition of anonymity to convey internal discussions, also .

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Nifty PSU Bank index rebounds 11% in 3 days: PSB, BoB climb up to 5%

At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50

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India Pesticides surges 11% as arm gets nod to set-up agrochem unit in UP

Shalvis Specialities has received environmental clearance for setting up manufacturing plant of agrochemicals & intermediates, API ingredients & intermediates and fine chemicals manufacturing unit.

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Hariom Pipe hits new high, up 9% on acquiring operating assets of RP Metal

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

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MARKET LIVE: SGX Nifty suggests weak start on tepid global cues, down 90pts

Stock market live updates: At 8:00 am, the SGX Nifty quoted 18,058 levels, down over 50-odd points

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Santa rally Day 2: Sensex, Nifty rise as banking, metal shares shine

Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Tuesday on gains in banking, IT and metal shares following a firm trend in the global markets. The 30-share BSE Sensex jumped 361.01 points or 0.60 per cent to settle at 60,927.43. During the day, it rallied 420.26 points or 0.69 per cent to 60,986.68. The broader NSE Nifty climbed 117.70 points or 0.65 per cent to end at 18,132.30. From the Sensex pack, Tata Steel, Tata Motors, Larsen & Toubro, Asian Paints, Wipro, Bajaj Finance, ICICI Bank, Tech Mahindra and Titan were the major winners. Hindustan Unilever, ITC, Mahindra & Mahindra and Nestle were the laggards. "With strong support from global peers, the domestic market is attempting to recoup its previous week's losses. Metal stocks shone amid hopes of a demand revival in China on reports of loosening COVID restrictions. This, along with fears over supply disruptions from winter storms in the US, resulted in oil prices rising," said Vinod ...

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JBM Auto hits over 7-month high in a volatile market; rises 26% in 2 weeks

In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period

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Midhani gains 4%; Firm to inaugurate wide plate mill facility today

Going forward, as facilities ramp up production, additional revenue is expected is likely to flow from wide plate mill as well as the Rohtak plant, thereby providing healthy revenue visibility.

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Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour

However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.

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Here's why Mehul Kothari recommends to buy ABB, MRPL

According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57.

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SAT sets aside Sebi's order to impose penalty on Bhushan Steel for lapses

The Securities Appellate Tribunal (SAT) has set aside a Sebi's order to impose a Rs 2 lakh penalty on Bhushan Steel Ltd, now known as Tata Steel BSL Ltd, for disclosure lapses. Bankruptcy proceedings were initiated against the debt-laden Bhushan Steel Ltd in July 2017. After completing the corporate insolvency resolution process (CIRP), Bhushan Steel was taken over by Tata Steel Ltd in 2018. "The impugned order dated 14 February 2022, cannot be sustained and is quashed. However, it would be open to the respondent Sebi to issue a show cause notice for the alleged violation against the entity," SAT said in an order passed on December 20. The ruling comes after an appeal was filed against the Sebi order, levying a Rs 2 lakh fine on Bhushan Steel for not making the requisite disclosure under LODR (Listing Obligations and Disclosure Requirements) rules. It noted that the appellant was found guilty of non-disclosure of the number of investor complaints filed with the stock exchanges on a

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Sebi bans CFAS, its partners from mkts for 3 yrs for unauthorised services

Sebi on Monday barred Capproin Financial Advisory Services (CFAS) and its partners from the securities markets for three years for providing investment advisory services without the market regulator's authorisation. Capproin Financial Advisory Services is a partnership firm and its partners -- Sourabh Rai and Jasmeet Kaur Bagga. The order came after Sebi received complaints through the market watchdog's SCORES (SEBI Complaints Redress System portal) platform against CFAS and its partners. Thereafter, the matter was examined by the regulator to ascertain whether there had been any violation of the provisions of IA (Investment Advisers) norms. Further, a show cause notice was issued to CFAS and its partners in March 2020. In its order, the regulator found that CFAS and Rai were never registered with Sebi in any capacity as an intermediary. However, Bagga was registered with the regulator in her capacity as proprietor of Research Infotech. According to Sebi, CFAS, Rai and Bagga were

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Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023

Cryptocurrency: Business Standard talked to various crypto firms in India about how 2023 will be for the industry. Here's what they said

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NDTV gains 5% as founders plan to sell 27.26% stake to Adani group

On Friday, founders Prannoy Roy and Radhika Roy said that they would sell 27.26 per cent out of their 32.26 per cent shareholding in the news broadcaster to the Adani Group

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Gold, silver prices remain unchanged; yellow metal trading at Rs 54,380

Ten gram of 22-carat gold was selling at Rs 49,850

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Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.

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Adani Wilmar emerges as best performing IPO of year 2022 post listing

Adani Wilmar has emerged as the top performing IPO of year 2022 with returns of more than 155 per cent post listing

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Sensex navigates geopolitical gyrations to outshine global peers

After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. The aftershocks of the COVID-19 pandemic combined with geopolitical upheavals, a supply shock in the energy markets and synchronised monetary policy tightening by central banks across the world meant the global economy was engulfed in a constant tangle of 'polycrisis'. But, the unwavering faith of domestic investors kept Dalal Street relatively unscathed and the Indian benchmarks shrugged off the gloomy cues with aplomb. After a lacklustre spell for most of the year, Sensex started picking up momentum as the festive season approached. It closed at its all-time high of 63,284.19 on December 1. However, hopes of a year-end Santa Claus rally were dashed as spiralling COVID cases in China sparked renewed fears of a global pandemic

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Sebi may prescribe higher net-worth needs for qualified stockbrokers

Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI

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