FPIs take out Rs 9,800 cr in Oct amid rise in US bond yields, uncertainties

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. This inflow was largely due to the reduction in US inflation from 6 per cent in February to 3.2 per cent in July. The temporary pause in the US Federal rate hike from May to August also played a role, Kislay Upadhyay, smallcase manager and Founder of FidelFolio Investments, said. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava,

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Gold price unchanged at Rs 58,910, silver price unchanged at Rs 72,600

The price of 22-carat gold remained the same as yesterday with the yellow metal selling at Rs 54,000

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G20 FMCBG releases joint communique adopting roadmap on crypto assets

While welcoming the G20 IEG rpt on strengthening MDBs, the communique said that transformative changes are required in MDBs' vision, operating models and financing capacities

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Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2%

Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent

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Angel Broking hits record high on strong Q2 results; zooms 106% in 7 months

Analysts believe the Angel Group will continue to strengthen its market position by steady increase in active clients

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From October 16, Bankex derivatives expiry date to shift to Monday

The exchange had chosen Friday as the expiry day for its relaunched Sensex and Bankex futures and options contracts to differentiate from market leader NSE

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Stock Market Live: Gift Nifty hints over 100pts gap-down; Infy ADR sinks 6%

Stock market Update on Friday, October 13: The US market ended lower on Thursday after US inflation rose slightly more than expected, and sent Treasury bond yields higher.

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Euro zone govt bond yields rise as US CPI keeps rate hike in play

The U.S. 10-year Treasury yield - which sets the tone for other bond yields around the world - has dropped around 28 bps since surging to a 16-year high of 4.887% last week

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Reliance Industries, select banking stocks attract strong MF flows

Maruti Suzuki, Zomato, ITC and Tata Motors are other stocks that have seen continued buying interest from MFs

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Debt MFs continue to log outflow, see Rs 1 trillion withdrawal in Sep

Debt-oriented mutual fund schemes witnessed a net withdrawal of Rs 1.01 lakh crore in September, making it the second consecutive month of the outflow, primarily due to advance tax requirements of corporates and correction in equity markets. The segment saw an outflow of Rs 25,873 crore in August. Before this, the debt schemes attracted Rs 61,440 crore in July, data from the Association of Mutual Funds in India (Amfi) showed. The huge outflow has pulled down the assets under management (AUM) of fixed income funds or debt funds to Rs 13.05 lakh crore at the end of September from Rs 14 lakh crore in the preceding month-end. Investor sentiment towards debt investments was largely muted. Barring long duration and gilt fund segments, all the other 14 categories witnessed net outflows. These two categories have been finding favour with investors for some time in anticipation of a change in the interest rate cycle. "Advance tax payments and other quarter-ending accounting and financial ..

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MOIL soars 12%, hits over 10-yr high after Quant MF buys 1.1 million shares

On October 11, Quant MF Gilt Fund has purchased 1.1 million equity shares, representing 0.54 per cent of total equity of MOIL, via block deal on the NSE, the exchange data shows

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Stocks to Watch: TCS, Adani Group, IndusInd Bank, Aster DM, RVNL, Cipla

Stocks to Watch on October 12, 2023: RBI has allowed SBI Mutual Fund to acquire up to 9.99 per cent stake in IndusInd Bank

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Nifty Pharma, Metal: Key levels to watch out on these range-bound indices

According to Ravi Nathani, an independent technical analyst, Nifty Pharma index is oscillating between 15,450 and 15,000; whereas, the Metal index is moving in a range of 6,900 to 6,600.

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Stock Market Live: Gift Nifty hints gap-up open; TCS Q2, buyback meet today

Stock market Update on Wednesday, October 11: TCS scheduled to announce Q2 results, share buyback decision after market hours today.

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Nifty FMCG, Auto: Charts indicate divergent trend for these two indices

According to Ravi Nathani, an independent technical analyst, Nifty FMCG index stands resilient, and promises potential gains in this nuanced market landscape.

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Mufti brand owner Credo and RBZ Jewellers get Sebi's approval for IPOs

Credo Brands Marketing Ltd, which owns denim brand Mufti, and B2B and retail jewellery firm RBZ Jewellers Ltd have received approval from capital markets regulator Sebi to mobilise funds through initial public offerings (IPOs). RBZ Jewellers and Credo Brands, which filed draft papers with Sebi during June and July, obtained observations on September 28 and October 6, respectively, data with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, its observation means its go-ahead to float the public issue. Going by the draft papers, Credo Brands' maiden public issue is entirely an offer for sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders. At present, promoters and promoter group members together hold over 67 per cent stake in Credo Brands Marketing. Bennett Coleman & Co, which made an investment of over Rs 9 crore for 9.72 per cent ownership, holds a 12.36 per cent stake in the company. Credo Brands Marketing is .

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TCS Q2 preview: Revenue, profit seen rising in single-digits; buyback eyed

TCS Q2FY24 preview: TCS could see a 9 per cent profit growth from last year to Rs 11,396 crore

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Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

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Stock Market Live: Gift Nifty atop 19,600; Nikkei, Hang Seng soar 2%

Stock market Update on Tuesday, October 10: Two US Fed officials, on Monday, hinited that there was little room to raise rates further.

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Nifty Financial, Private Bank offer buying opportunities; check levels

According to Ravi Nathani, an independent technical analyst, Nifty Financial index can be bought with a stop at 19,570.

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MCX shares hit record highs; Krystal Integrated Services files IPO papers

Krystal Family Holdings owns 100 per cent stake in the company

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Oil prices surges more than 2% as Middle East turmoil roils markets

Brent crude was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West Texas Intermediate crude was at $85.23 a barrel, up $2.44 or nearly 3%

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Stock price of these 5 recently listed IPOs hit lowest levels since debut

The stock price of Sai Silks (Kalamandir) (down 10% at Rs 220.05) and Updater Services (down 3% at Rs 276.16) fell below their issue price in intra-day trade on Monday.

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Expect 28 IPOs worth Rs 38,000 cr in the next six months

The first half of 2023 have seen 31 corporates raise Rs 26,300 crore through main board IPOs. As many as 21 out of the 31 IPOs came in just 2 months of August and September.

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TCS hits 52-week high, gains 1% in weak market on share buyback plan

Sharekhan believes, despite the challenging environment, TCS is well placed to grab cost takeout as well as digital transformation programs along with opportunities from vendor consolidation

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Nifty trapped in 19,300-19,800 range; Bias posiitve Bank Nifty above 43,600

According to Ravi Nathani, an independent technical analyst, Traders can either await a decisive breakout or opt for a riskier approach by shorting near the upper consolidation boundary.

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Israel stock and bond markets sink, businesses shut after Hamas attack

Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel

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NSE, BSE eye core mkts with new launches as MCX awaits trading platform

As MCX manoeuvres the regulatory rigmarole over a new trading platform, its better-known rivals NSE and BSE, despite their relatively minuscule market share, are set to launch a major bid on Monday to enter the areas hitherto dominated by the country's largest commodity exchange. MCX (Multi Commodity Exchange of India Ltd) has been under the spotlight for a long time with regard to its transition to a new commodity trading platform from the one developed by its erstwhile promoter Financial Technologies India Ltd, now known as 63 Moons, that it has contracted to use till the year-end after repeated extensions. MCX announced last month that it will go live with the new platform developed by TCS from October 3, the implementation was put on hold soon after by the capital market regulator Sebi due to "technical issues" and in the wake of some pending legal matters. While the exchange has been holding mock trading sessions for the new software for quite a long time and will continue on .

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MCX gets Sebi approval to launch new commodity derivatives platform

MCX had initially intended to introduce the CDP on October 3. However, they have not revealed the new launch date yet

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FPIs sell-off continues; take out Rs 8,000 car from equities in October

Foreign Portfolio investors (FPIs) have dumped Indian equities worth Rs 8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields. This came after FPIs turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going ahead, FPIs are unlikely to turn buyers in the market soon in the context of the elevated dollar and US bond yields, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 8,000 crore in this month (till October 6). India continues to be on top of emerging economies in attracting FPI this year, but September witnessed selling and October has begun with the same trend. "The dominant factor impacting capital flows

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