StockMarket

India Inc raises Rs 67,200 crore via QIP in FY18
NEW DELHI: Indian firms mobilised Rs 67,200 crore by issuing shares to institutional investors during 2017-18, registering nearly eight-fold rise over the previous fiscal.

The firms had mopped up Rs 8,464 crore in 2016-17.

As per the latest data available with the Securities and Exchange Board of India (Sebi), the capital garnered by the listed

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In our previous weekly note, we had talked about the possibility of the Nifty50 staying within a specified range, and not seeing any runaway rally. In line with that analysis, the index oscillated in a defined range and ended the week with a modest gain of 71.45 points, or 0.67 per cent on a week-to-week basis.

The week that went by saw the index

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US Fed, ECB set to tighten policy in tandem
By Balazs KoranyiFRANKFURT: Tightening policy by a notch just one day apart, the world's top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.

The U.S. Federal Reserve is almost certain to raise rates again on Wednesday, inching closer to a neutral

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Equity mutual funds log Rs 24,479 crore inflow in April-May
NEW DELHI: Investors pumped in a staggering Rs 24,479 crore in equity mutual funds in April-May 2018 due to increased cognisance about market volatility and a spirited awareness campaign by the industry.

The inflows follow an investment of over Rs 1.71 lakh crore in such funds in 2017-18, according to the data from the Association of Mutual Funds

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Losses at up to 22 times m-caps! These stocks are in bottomless pit
NEW DELHI: Not all is well with debt-ridden companies headed for bankruptcy action. The underbelly is clearly showing, to be sure. Which is, losses stand much much higher than their market capitalisation.

This might just be the tip of the iceberg. As many as seven debt-afflicted companies -- most of which are staring at insolvency proceedings --

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iPhone worries weigh on Wall Street
U.S. stock indexes were lower on Friday as shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.

Apple Inc was down 1.6 percent after a newspaper report said the company had asked its supply chain to manufacture about 20 percent fewer components for iPhones in the latter

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6 of top 10 most valued companies add Rs 60,208 crore to m-cap
NEW DELHI: Six of the top-10 most valued companies added Rs 60,207.86 crore in market valuation last week, with Reliance Industries (RIL) contributing the most to gains.

RIL's market capitalisation (m-cap) soared Rs 34,378.16 crore to Rs 6,23,070.31 crore.

The valuation of Infosys jumped Rs 8,627.3 crore to Rs 2,75,145.41 crore, and that of Tata

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ETMarkets Special Podcast: Should you hold or sell mid, smallcap funds
Hello listeners! This is Nishant Kumar from ETMarkets.com. You are tuning in to the special podcast on midcap and smallcap mutual funds.

There is a clear and present danger. Midcap and smallcap mutual fund schemes are facing the June heat.

Consider the slide of up to 10 per cent over the last one month! Investors are scared as hell.

At their

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You don&t have to own crypto to make money off of it
By Rob UrbanTo make his fortune on cryptocurrency, Jake Benson doesn’t have to choose a winner among the hundreds of firms hawking digital tokens. He just needs to do their taxes.

Benson is following the ’49er model -- as in 1849. Like industrious shopkeepers during the California Gold Rush, he’s offering the digital equivalent of picks and s

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6 of top 10 most valued companies add Rs 60,208 crore to m-cap
NEW DELHI: Six of the top-10 most valued companies added Rs 60,207.86 crore in market valuation last week, with Reliance Industries (RIL) contributing the most to gains.

RIL's market capitalisation (m-cap) soared Rs 34,378.16 crore to Rs 6,23,070.31 crore.

The valuation of Infosys jumped Rs 8,627.3 crore to Rs 2,75,145.41 crore, and that of Tata

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Inox Wind auditor quits, cites 'time constraints'
Inox Wind's independent auditor has resigned due to "time constraints" stemming from its other commitments and engagements.

With this, the renewable player became the latest to join the bandwagon of companies that have seen auditors resigning halfway through.

The stock on Friday closed 1.97 per cent up at Rs 93. The company made the announcement

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CARE upgrades Jindal Stainless' rating to -lsquo;BBB--
Kolkata: Jindal Stainless Ltd. (JSL) has received a rating upgrade from CARE, to ‘BBB-’ from BB+, reflecting the company’s improved profitability, strengthening balance sheet, and sustained operational progress. The report said the key drivers for JSL’s improved ratings were an improvement in operational and financial performance during Q4FY18 with
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What I read this week: Gold in the early stages of new bull market why Italian political crisis is a black swan
A timely report on Gold by Incrementum AG ‘In Gold We Trust’, gives three fundamental reasons for “changing tides” that will support gold prices in the long-term. When Greece was in trouble few years back I was not at all worried because it was too small for the system to get any lasting damage but Italy is different and Italian political crisis is
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Opportunity in the insurance space too big to ignore for stock investors
By DK Aggarwal

The Indian insurance market is a huge business opportunity waiting to be harnessed. The size of the life insurance industry was Rs 4.2 lakh crore on a total-premium basis as of FY2017, while the size of the non-life insurance sector was Rs 1.28 lakh crore.

On the life insurance front, total premium has grown at a stupendous 17 per

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Benchmark equity indices closed on a flat note with a negative bias on Friday on weak global cues. The S-P BSE Sensex closed 19.41 points down at 35,443, while NSE’s Nifty50 closed 0.70 points lower at 10,767. Out of the 5 Nifty constituents, 24 closed in the green and 26 in the red.

Here are movers and shakers of Friday’s session:

Sun shines

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Finance Ministry may transfer 5 sick CPSE shares to SNIF fund to meet Sebi norm
NEW DELHI: The Finance Ministry is planning to transfer shares of five sick CPSEs including HMT and Andrew Yule - Company, to the SNIF fund to meet Sebi's minimum 25 per cent public shareholding.

The Central Public Sector Enterprises (CPSEs) whose shares would be transferred to the Special National Investment Fund (SNIF) are Fertilizers -

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“Stock Markets enter panic mode”, “Madcap selloffs send mid and smallcap stocks tumbling”, “Traders go for bearish bets” – The week gone by saw these kinds of headlines in financial dailies, and guess what happens thereafter

Not once but every time the market witnesses such pessimism, a recovery is inevitable. Indeed, the market experienced a

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Stock market update: Sun Pharma, Tata Motors most active stocks in value terms on NSE
NEW DELHI: Sun Pharma (Rs 1522.41 crore), Tata Motors (Rs 848.35 crore) and Bajaj Finance (Rs 665.73 crore) finished as the most active stocks in terms of value on NSE on Friday.

Strides Shasun (Rs 639.34 crore), Reliance Industries (Rs 636.67 crore), Tata Steel (Rs 503.73 crore), Tata Consultancy Services (Rs 451.51 crore) and Infosys (Rs 406.16

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FPIs infuse Rs 2,200 crore in equities in last 6 trading sessions
NEW DELHI: Foreign investors poured in more than Rs 2,200 crore in the Indian equity markets in the last six trading sessions on the back of easing of global crude oil prices and revival in corporate earnings.

This comes following a net outflow of over Rs 15,600 crore in equities during last two months. Prior to that, foreign portfolio investors

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Mumbai: City-based proxy advisory firm Stakeholders Empowerment Services (SES) has advised the shareholders of Yes Bank to vote against a proposal to raise $1billion, citing that the resolution is omnibus and may dilute over 5 per cent equity of the existing public shareholders.

It has also recommended opposing appointment of two independent

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Stock market update: Check out the most traded stocks of Friday's session
NEW DELHI: With nearly 7.64 crore shares changing hands, Reliance Communications emerged as the most traded stock on NSE on Friday.

It was followed by Unitech (number of shares traded: 5.41 crore), Punjab National Bank (3.92 crore) and JP Associates (3.48 crore).

SAIL (3.35 crore), Suzlon Energy (3.22 crore), Sun Pharma (2.92 crore), Tata Motors

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Global cues, domestic macro data will be key market drivers this week
NEW DELHI: Policy reviews by three major central banks, a historic summit meeting between the US and North Korea, vote on the Brexit Bill and disagreement over trade between the US and key allies at the just-concluded G-7 summit will be among the major cues driving the domestic stock market in the coming week.

Last week, RBI raised the repo rate

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Domestic flows at current run rate should be fine for market performance if the equity supply stays low, said CLSA.

“The current run rate should be fine for market performance, if equity supply stays low like at present ($1billion over the last two months vs last year’s average of $2 billion/month), but indications are that it may not,” said CLSA.

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F O: Drop in VIX and a higher Put-Call ratio suggest bullish bias
By Chandan TapariaThe Nifty50 index opened in the negative, but managed to hold its immediate support in the 10,700-10,720 zone and recovered towards its crucial hurdle in the 10,770-10,780 zone.

It closed flattish, by forming a Small Bullish Candle on the daily scale and a high wave long-legged Doji Candle on the weekly chart. The index started

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The week that was: Avanti Feeds, Sun Pharma and sugar stocks created all the buzz
Domestic stocks may have paused to catch their breath, but the weekly reading offers a pretty picture. It turned out to be the third weekly gain.

The upcoming G7 meeting is firmly on investors' radar. Plus, the Trump-Kim summit in Singapore on June 12 is making them play with care.

What is eating away their confidence, however, is the US slapping

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Syndicate, OBC, Bank of India raise rate by up to 0.15%
Joining peers, three state-owned lenders today announced raising interest rate in the range of 0.05-0.15 per cent, to be effective next week.

Bank of India has hiked the marginal cost based lending rate (MCLR) by 0.10 per cent each for various tenors; the Oriental Bank of Commerce by 0.10-0.15 per cent and Syndicate Bank effected a change of 0.05

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Tech view: Nifty forms Small Bullish Candle, losing winning momentum
NEW DELHI: The Nifty50 erased morning losses to end flat on Friday. The index respected the 10,700 level, but failed to cross above the key resistance at 10,780. The index formed a Small Bullish Candle, suggesting waning of its recent bullish momentum.

On the weekly scale, the index formed a high wave long-legged Doji, said Chandan Taparia of

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In our previous weekly note, we had talked about the possibility of the Nifty50 staying within a specified range, and not seeing any runaway rally. In line with that analysis, the index oscillated in a defined range and ended the week with a modest gain of 71.45 points, or 0.67 per cent on a week-to-week basis.

The week that went by saw the index

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The government broke its silence on allegations of conflict of interest involving ICICI Bank executive Chanda Kochhar, saying that the law will take its own course and reassuring the lender’s stakeholders.

Investigations into the matter are on and the findings will be out soon, acting finance minister Piyush Goyal told reporters after a meeting

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Stock market update: These stocks zoomed over 11% on NSE despite weak market sentiment
NEW DELHI: Shares of Ballarpur Industries (up 13.43 per cent), Usha Martin (up 13.04 per cent), Sintex Industries (up 12.75 per cent), UCO Bank (up 12.20 per cent) and Sun Pharma Advanced Research Company (up 11.43 per cent) zoomed over 11 per cent on NSE on Friday despite a weak market sentiment.

Stocks such as Caplin Point Laboratories (up 9.99

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