FPIs pull out Rs 23,274 crore from financial services in 15 days
Financial services bore the biggest brunt of foreign selling, with investors pulling ₹23,274 crore out of these shares after buying a similar amount in September. From January to September, overseas investors sold ₹37,732 crore in the sector.
Give Leverage, Will Trade: MTF book rises to Rs 84,800 cr
The money borrowed under the brokers’ margin trading funding (MTF) facility – a system allowing investors to borrow to buy shares they cannot afford – swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding […]
HDFC Bank’s board approves Rs 12,500-cr IPO for HDB Financial
The NBFC will also issue fresh equity shares worth ₹2,500 crore in the IPO, taking the total size of the issue to around ₹12,500 crore, the bank said in a notice to the stock exchanges.
Wall Street zeroes in on semiconductors after turbulent week
Because semiconductors are key components in a broad array of products, chipmakers and related equipment companies are closely followed for insight into the economy. Wall Street also watches the stocks as indicators of overall market trends.