Category: Uncategorized

After three months of strong inflows into India’s equity markets, FPI investments has slowed down to just over ₹3,200 crore in the first half of August. Foreign Portfolio investors have invested between ₹43,000 crore and ₹46,600 crore in the previous three months.  The market lacked conviction and remained in a slender range throughout the past […]

Commitments from alternative investment funds (AIFs) have inched up to Rs 8.44 trillion in the quarter ended June, registering quarter-on-quarter growth of a mere 1.3 per cent, regulatory data shows. Global headwinds, including rising interest rates and inflationary pressures, have made it difficult for funds to garner commitments, said market watchers. Also read: SEBI introduces […]

RK Swamy Ltd, an integrated marketing services provider offering a single-window solution for creative, media, data analytics and market research services, has filed its Draft Red Herring Prospectus with market regulator SEBI. The company’s initial public offering comprises a fresh issue aggregating up to ₹215 crore and an offer-for-sale of up to 8,700,000 equity shares […]

The Centre has allowed States to notify losses to crops due to wild animal attacks as an add-on cover to the PM crop insurance scheme, according to Narendra Singh Tomar, Union Agriculture and Farmers’ Welfare Minister. Replying to a query on inclusion of crop loss due to attacks by wild animal under Pradhan Mantri Fasal […]

In its August review, MSCI, the index provider, added eight Indian companies to its MSCI Global Standard Index, effective September 1. The newly included stocks are Power Finance Corporation (PFC), REC, HDFC AMC, IDFC First Bank, Astral, Cummins India, and Supreme Industries, while ACC has been excluded from the index. This move did not have […]

Pyramid Technoplast, an industrial packaging company, plans to raise ₹153 crore through an initial public offering which opens next Friday and closes on August 22. The company will offer 92.20 lakh equity shares at a price range of ₹151-166. The offer includes fresh equity issuance of ₹91.30 crore and offer for sale of ₹61.75 crore […]

U.S. equities concluded the trading day with declines on Wednesday, following a report indicating a surge in credit card borrowing among Americans during the last quarter. The market also braced for the upcoming U.S. Consumer Price Index (CPI) inflation data, which holds the potential to influence decisions regarding interest rates by the Federal Reserve. Anticipation […]

Natural Gas prices has been moving up since the start of this week. The Natural Gas Futures contract on the Multi Commodity Exchange (MCX) has risen breaking the resistance at ₹227 per mmBtu sideways range on the upside. The contract is currently trading at ₹231 per mmBtu. Outlook Immediate resistance is at ₹233. This level […]

Target: ₹500 CMP: ₹491.95 Emami’s Q1-FY24 domestic sales were impacted due to weak performance in its summer range (-5 per cent yoy; 40 per cent of Q1 sales) due to the impact of unseasonal rains and sluggish demand in rural markets. The non-summer range grew 16 per cent yoy. E-commerce and modern trade salience increased […]

Benchmark equity indices fell in early trade on Tuesday despite a firm beginning as investors preferred to remain on the sidelines ahead of the key events — RBI’s monetary policy and the US inflation data — due later this week. Continuous foreign fund outflows played spoilsport for the domestic markets. In early trade, the 30-share […]