Foreign portfolio investors (FPIs) remained net sellers of government securities under the Fully Accessible Route (FAR) throughout October, marking the first month of net outflows since April. According to data from the Clearing Corporation of India (CCIL), FPI investment in government securities under the FAR route declined to Rs 2.48 lakh crore as of October
State-run NLC and SJVN will likely list their green subsidiaries–NLC India Green Energy (NIGEL) and SJVN Green Energy (SGEL)–in 2025 through fresh equity offerings in 2025 to fund the expansion of their renewable energy projects, sources told FE. One of these issues could materialise in the first half of the year. The IPOs would result
After a period of largely consistent and robust returns since the Covid pandemic, equities have seen a correction in October. Navneet Munot, MD and CEO of HDFC AMC tells Vivek Kumar M that this is a healthy correction, with unsustainable pockets seeing sharper cuts. He says the period of easy money-making is now likely behind equity investors. Excerpts:
By V K Sharma Though the Nifty ended higher by 0.41% in the muhurat session and closed by 0.51% for the week at 24304, it still continues to be in the woods. Currently, the Nifty is below its 10, 20, 50 and 100 dema. All the hallmarks of a weak market.Also Read US presidential election
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would
Despite the festivities, October lacked the sparkle in equity markets. Foreign portfolio investors (FPIs) sold an unprecedented Rs 94,000 crore (approximately $11.2 billion) . This marked the largest-ever monthly outflow. Some of the key reasons for this include high valuation of Indian markets, foreign investors keen to diversify and prospects in other markets like China. Prior
Collections from initial public offerings (IPOs) could hit an estimated Rs 1.3 lakh crore in Samvat 2081, topping the record mop-up of Rs 1.13 lakh crore in Samvat 2080. Available information from Prime Database reveals the IPO pipeline is a big one. While 29 companies have already received approval from the Securities and Exchange Board
The consumption story is showing signs of stress due to a decline in credit growth. But A Balasubramanian, MD, Birla Sun Life Mutual Fund, tells FE that the regulatory action by the Reserve Bank of India on non-banking financial companies and micro finance institutions was needed to ensure that the economy does not face any
Adani Ports And Special Economic Zone Ltd (APSEZ) on Wednesday released its business update for the month of March wherein it announced that the company has handled 41.5 MMT cargo volume during the period. This, it added, was up 9 per cent on a year-on-year basis and is also the highest ever cargo volume posted
The brokerage firm HSBC Global Research has identified three leading credit car providers, HDFC Bank, SBI Cards, and ICICI Bank as the frontrunners and its top picks from this segment. According to the brokerage, with a strong grip on market share and steady growth in card spending, these financial giants continue to dominate, while smaller
Swiggy’s share price opened Wednesday’s trade 1% lower at Rs 328.80 but soon surged to trade in the green. It was up 1.3% at Rs 336.45. On April 01, The company received a tax order of Rs 158 crore after the stock markets closed. The order from the Income Tax Department, Central Circle, Bangalore alleged
Indian equity indices opened Wednesday’s trading session on a higher note, taking note from Asian and US markets. The NSE Nifty 50 opened 45 points, or 0.19%, higher at 23,210, while the BSE Sensex rose 177 points, or 0.23%, to open at 76,201. Bank Nifty opened 230 points or 0.45% higher at 51,037.85. The Nifty
Who doesn’t love some extra cash boost? If you are an investor looking for dividend opportunities, three companies – ADC India Communications, MSTC, and RailTel Corporation have set today, April 2, as the record date for their interim payouts. With a combined total of Rs 30.5 per share up for grabs, here is a detailed