Rally looks bit stretched, but markets will head higher if FIIs keep buying: S Naren
This rally was unexpected as the sentiment was largely negative and there were too many short sellers globally, when the US Fed made the statement that they had reached a neutral rate. We believe the market is not cheap at current levels, but if FIIs keep buying, markets will head higher. This rally now looks […]
GAIL in gas import talks with Russia’s Gazprom
Saint Petersburg-based Gazprom, the state-owned multinational energy company, has likely proposed to the Indian public sector company that it purchase the fuel from Gazprom Singapore and settle payments in euros in future trades.
10 stocks hold nearly 46% of FPI money in India
Nearly 46% of their total investment as on June 30 has been in 10 stocks — HDFC Bank, HDFC, Reliance Industries, ICICI Bank, Infosys, TCS, Kotak Mahindra Bank, Axis Bank, Bharti Airtel, and HUL, show data compiled by Motilal Oswal Financial Services.
HNIs face new dos & don’ts on foreign bets
Till now, a person (besides investing in listed stocks) could invest up to 10% in a foreign ‘holding’ or an unlisted investment company – often created by a group of HNI investors coming together. This investment vehicle in turn traded in financial derivatives and cryptos which are disallowed under the LRS.
Share of daily cash volumes declines to a decade’s low
The average daily cash market turnover in 2022 was ₹61,942 crore compared to ₹75,198 crore a day in 2021. The market capitalisation has increased from an average of ₹148 trillion in 2020 to ₹263 trillion in 2022. The average daily turnover in 2020 was ₹57,614 crore a day.
BoB, Bank of Maha to raise funds via AT1 bonds to boost capital base
AT1 bonds, also known as perpetual bonds, do not have any fixed maturity and are billed as quasi-equity – a risker security. Most of such securities have a five-year call option, an exit option for investors provided the borrower exercises it.
IRDAI’s new rules on commissions give cos flexibility
In a draft notification earlier this week, the Insurance Regulatory and Development Authority of India (IRDAI) set a 20% commission cap for general insurance companies, down from the 30% to 35% they could charge earlier. The regulator also allowed life insurers whose expenses were under 70% of the allowable limit to set their own commission […]