News

FPIs selling did not impact Indian stock market much as DIIs come to the rescue  Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday.  According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend in foreign portfolio flows in October, so far, has been the sustained selling by FPIs. This trend of FII selling and DII bu...
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
Source: IANS
2024-10-12 05:35:32 pm
Nifty likely to reach 26,820 in next 12 months Nifty is likely to meet a 12-month target of 26,820, revised higher from earlier target of 26,398, market analysts said on Friday, amid high expectations for a festival season revival, supported by favourable monsoon conditions, and a strong infrastructure spending push by the government.  In its report, financial services organisations Prabhudas Lilladher revised Nifty’s EPS (earnings per share) projections as the market continues to perform well. The report valued Nifty at ...
Nifty likely to reach 26,820 in next 12 months
Nifty likely to reach 26,820 in next 12 months
Source: IANS
2024-08-30 12:26:49 pm
Domestic institutional investors stabilise stock market volatility amid FII sell-off  As foreign institutional investors (FIIs) resorted to big selling in the cash market this week amid weak global cues, domestic institutional investors (DIIs) played a stabilising role in mitigating volatility and supporting market confidence, experts said on Saturday.  Additionally, the increasing participation of domestic retail investors through mutual funds strengthened the market's internal support system, fostering a more stable investment environment, said Alok Agarwal...
Domestic institutional investors stabilise stock market volatility amid FII sell-off
Domestic institutional investors stabilise stock market volatility amid FII sell-off
Source: IANS
2024-08-10 04:09:37 pm
Direction of Indian stocks to be influenced by global markets: Experts As the Indian stock markets experienced a marginal recovery from the uncertainties stemming from weak global cues last week, the direction of the benchmark indices will be influenced by international markets going forward, experts said on Saturday.  Geopolitical tensions, weak US non-farm job data and Bank of Japan’s monetary policy decision weighted on all world markets, including India. There will be uncertainties over the unwinding of carry trades, driven by the Yen's ...
Direction of Indian stocks to be influenced by global markets: Experts
Direction of Indian stocks to be influenced by global markets: Experts
Source: IANS
2024-08-10 01:40:31 pm
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week The outlook of the Indian markets will be guided by monsoon updates, any upcoming budget-related announcements, marco cues, and global factors like US GDP data this week. Last week, Sensex and Nifty both posted minor gains of 0.20 per cent but it was the third consecutive week when benchmark indices closed with the gains. On the Domestic front, key factors to watch will be the progress of the monsoon, FII, and DII fund flows, and crude oil prices. On the global front, economic data l...
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week
Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week
Source: IANS
2024-06-23 01:53:14 pm
Stock markets gain 3 per cent as political stability returns In a week full of political surprises, the Indian Indices saw high volatility but ended up gaining more than 3 per cent, buoyed by Prime Minister Narendra Modi’s return for the record third term and RBI’s monetary policy announcements.  The BSE Sensex hit a fresh all-time high of 76,795.31 while the Nifty reached a record high of 23,338.70. On Friday, the Sensex surged 2,732 points or 3.69 per cent to close at 76,693.36. On the other hand, Nifty went up 759 points or 3....
Stock markets gain 3 per cent as political stability returns
Stock markets gain 3 per cent as political stability returns
Source: IANS
2024-06-08 11:36:45 am
Foreign investors offload India's financials, IT stocks in April, NSDL data shows Foreign investors offloaded financials, information technology and consumer stocks in April, data from the National Securities Depository Ltd (NSDL) showed on Tuesday. Foreign portfolio investors (FPI), who bought 2.08 trillion rupees worth of Indian shares in the 12 months ending March, sold shares worth 86.71 billion rupees in April, amid concerns over delays in interest rate cuts in the United States. However, the FPI selling was cushioned by domestic investors' purchases, with t...
Foreign investors offload India's financials, IT stocks in April, NSDL data shows
Foreign investors offload India's financials, IT stocks in April, NSDL data shows
Source: Reuters
2024-05-07 11:01:29 am
Sensex in the green amid bullish undercurrent  BSE Sensex gained more than 100 points on Tuesday with the re-emergence of a bullish trend in the last two days. Sensex is trading at 73,809 points, up by 160 points. Bharti Airtel is up more than 2 per cent. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the undercurrent of the bullishness of this market has been reinforced by the market action during the last two trading days which saw Nifty spiking by 486 points from Friday’s lows. External ...
Sensex in the green amid bullish undercurrent
Sensex in the green amid bullish undercurrent
Source: IANS
2024-04-23 12:10:24 pm
Foreign funds buying big in telecom, realty stocks An important trend in FPI activity is the big selling in the FMCG segment and big buying in telecom and realty, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. There have been big swings in US bond yields this year in response to expectations regarding rate cuts by the Fed. The year started with the market discounting six rate cuts in 2024 and consequently, the yields drifted down. Then the market started factoring in only three rate cuts since the US labour m...
Foreign funds buying big in telecom, realty stocks
Foreign funds buying big in telecom, realty stocks
Source: IANS
2024-04-06 02:52:37 pm
`Rising crude oil prices pose headwinds for Indian markets` The Middle East skirmishes have pushed up Brent crude to $91 and if oil continues to rise that can pose macro headwinds for India, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Headwinds which have the potential to impact equity markets have emerged. One is geopolitical: the Iran-Israel skirmishes. The second is the concern that the rate cut expected from the Fed can be lower than three and that the first cut may come only in October. The US jobs data to be ...
`Rising crude oil prices pose headwinds for Indian markets`
`Rising crude oil prices pose headwinds for Indian markets`
Source: IANS
2024-04-05 11:38:18 am
FII allocation to small- and mid-cap stocks highest since 2005 In CY23, small-caps and mid-caps outperformed large-caps by 28 per cent and 24 per cent respectively. The popular narrative was that this was due to strong domestic mutual fund flows, Ambit Capital said. “We challenged this narrative and highlighted that 67 per cent of FII flows (CY23- US$21.4bn) were in small- and mid-caps while for domestic funds, it was 57 per cent (CY23: US$21bn). FII flows exceeded that of DMFs in small-caps (3.3 per cent vs 1.8 per cent) as well as mid-caps ...
FII allocation to small- and mid-cap stocks highest since 2005
FII allocation to small- and mid-cap stocks highest since 2005
Source: IANS
2024-04-04 02:34:22 pm
Highest inflows by domestic funds since April 2020 Domestic institutional investors (DIIs) recorded the eighth consecutive month of inflows in March 2024 at $6.8 billion, the highest since April 2020, Motilal Oswal Financial Services said. FIIs too recorded strong inflows of $4 billion in March 2024. FII inflows into Indian equities stand at $1.4 billion in CY24 YTD vs. inflows of $21.4 billion in CY23. DII inflows into equities in CY24 YTD continue to be strong at $13.1 billion versus $22.3 billion in CY23. The Nifty touched a fresh hi...
Highest inflows by domestic funds since April 2020
Highest inflows by domestic funds since April 2020
Source: IANS
2024-04-03 12:01:47 pm
Private sector banks lead Sensex lower BSE Sensex is trading at 73,857 points, down by 157 points. Private sector banks are down in trade with ICICI Bank down more than 1 per cent, Kotak Mahindra is also down almost 1 per cent. Since the global construct is slightly negative as evidenced by the rising dollar and rising US bond yields, the FPIs may be tempted to sell, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPI selling is not having any major impact on the market since DIIs, HNIs and r...
Private sector banks lead Sensex lower
Private sector banks lead Sensex lower
Source: IANS
2024-04-02 12:40:35 pm
Sensex crosses 74K mark in 1000 points rally Sensex crossed the 74K mark after it gained more than 1000 points in a broad-based rally on Thursday. Sensex was trading at 74,044 points, up 1047 points or 1.44 per cent. Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent. More than 50 per cent of the stocks are advancing on the BSE. Shiju Koothupalakkal - Technical ...
Sensex crosses 74K mark in 1000 points rally
Sensex crosses 74K mark in 1000 points rally
Source: IANS
2024-03-28 03:47:36 pm
Sensex surges more than 700 points led by gains in financial stocks The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks. The charge is being led by the Bajaj twins -- Bajaj Finserv and Bajaj Finance -- both up more than 4 per cent. SBI is up more than 1 per cent while ICICI Bank and HDFC Bank are up more than 1 per cent each. IT heavyweights like Infosys, Wipro, TCS are up more than 1 per cent. V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services said...
Sensex surges more than 700 points led by gains in financial stocks
Sensex surges more than 700 points led by gains in financial stocks
Source: IANS
2024-03-28 11:42:54 am
Sensex up more than 700 points The BSE Sensex on Thursday climbed 743.95 points or 1.03 per cent to 72,845.64 in early trade. NTPC, IndusInd Bank are top gainers - up by 3 per cent. The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Fed chief's statement that "inflation has eased substantially while the labour market has remained strong" c...
Sensex up more than 700 points
Sensex up more than 700 points
Source: IANS
2024-03-21 11:47:34 am
India offers best structural growth story among large economies: UBS India offers the best structural growth story among the large economies, global brokerage UBS said. “Combined with political stability and supportive government policies, India remains in a favourable position and is the most preferred in our Asia ex-Japan asset class preferences among equities," UBS said. India’s GDP growth has been surprisingly positive, averaging above 8 per cent in the first three quarters of FY2024, UBS said. “We expect this momentum to co...
India offers best structural growth story among large economies: UBS
India offers best structural growth story among large economies: UBS
Source: IANS
2024-03-09 09:27:53 am
Sustained buying by domestic funds eclipsed FII selling Sustained buying by DIIs at Rs 21700 crore in February so far supported by HNIs and retail investors has completely eclipsed the FII selling, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling, he said. The global market construct continues to be favourable. With S&P 500 setting newer records, the mother market US has turned very resilient, he said. ...
Sustained buying by domestic funds eclipsed FII selling
Sustained buying by domestic funds eclipsed FII selling
Source: IANS
2024-02-26 11:49:16 am
Global rally in equities showing no signs of exhaustion Global bull run in equities led by the US market is showing no signs of exhaustion, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. In the US, the rally is being led by the tech stocks. Nvidia's excellent results have sparked a rally in all AI related tech stocks. This is having its repercussions in the tech stocks in India, too, he said. "The steady climb of the Nifty setting records after records is an indication that the buy on dips strategy is ...
Global rally in equities showing no signs of exhaustion
Global rally in equities showing no signs of exhaustion
Source: IANS
2024-02-23 11:32:31 am
Strong domestic fund flows mitigated impact of FII selling in last two months Strong economic growth, range-bound crude prices and strong DII flows have mitigated the impact of FII selling during the past two months, as per a report by Prabhudas Lilladher. BSE Smallcap and Midcap indexes have moved up by 62/64 per cent in the last 12 months, which is 2.3-3.3x higher than Sensex/Nifty and BSE 100. The return differential between BSE Small/Midcap and Sensex/Nifty has been 10-12 per cent, raising concerns on stretched valuations in small/midcaps, it said. Nifty has ...
Strong domestic fund flows mitigated impact of FII selling in last two months
Strong domestic fund flows mitigated impact of FII selling in last two months
Source: IANS
2024-02-23 09:36:16 am
PSU stocks rally driven by retail investors There has been no meaningful Institutional crowding in PSU names in this cycle, barring few names. PSU rally seems to have been driven by retail investors, foreign brokerage, Bernstein said in a report. Foreign Institutional Investors (FIIs) have always preferred private companies (20.5 per cent now vs. 10 year average of 21.5 per cent) over PSUs (9.3 per cent now vs. 10 year average of 9.8 per cent) and there hasn’t been any shift in this preference in current cycle. Domestic Ins...
PSU stocks rally driven by retail investors
PSU stocks rally driven by retail investors
Source: IANS
2024-02-22 04:49:17 pm
Sensex down more than 300 points BSE Sensex is down more than 300 points in morning trade on Thursday. Sensex was trading at 72,236.94 points, down 386.15 points. Bharti Airtel, Titan are among the top Sensex laggards down 2 per cent. Deepak Jasani, Head of Retail Research at HDFC Securities said global brokerage Jefferies said India will be the third largest economy by 2027 thanks to a consistent GDP growth rate, supportive geopolitics, surging market cap, continued reforms, and strong corporate culture. The Union ...
Sensex down more than 300 points
Sensex down more than 300 points
Source: IANS
2024-02-22 12:08:34 pm
Seven days of record intraday highs this year for Nifty With seven days of record intraday highs this year, Nifty is exhibiting great strength, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The big emerging market worry of rising bond yields in the US is not impacting India since FIIs have been forced to reduce their selling since they are being completely neutralised by sustained DII buying assisted by retail exuberance. This resilient domestic buying is providing the main support to the ongoing rally in the mar...
Seven days of record intraday highs this year for Nifty
Seven days of record intraday highs this year for Nifty
Source: IANS
2024-02-21 11:58:22 am
Nifty hit six new record highs this year indicating India`s bull market  This year alone, Nifty has set six new record highs during intraday trade and this is indicative of the strong momentum in the market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. An important characteristic of the bull market is its ability to set new successive record highs and this market has been doing this consistently, he said. Selling by FIIs, triggered by rising bond yields in the US, is having no impact on this up trending market where DII...
Nifty hit six new record highs this year indicating India`s bull market
Nifty hit six new record highs this year indicating India`s bull market
Source: IANS
2024-02-20 12:04:10 pm
BSE market cap hits record high of $ 4.7 trillion The BSE market cap touching a record high of around $4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual investors and DIIs...
BSE market cap hits record high of $ 4.7 trillion
BSE market cap hits record high of $ 4.7 trillion
Source: IANS
2024-02-19 05:31:18 pm
Small and mid cap index continue to outperform large cap index Mid-cap and small cap index continue to outperform the large cap index on both one month and one year period, as per a report by Tata Mutual Fund. For the year ending January 2024, Realty (108%) and PSU Bank (57%) made the highest gains while Bank (13%) was the lowest performer, the report said. Indian benchmark equity indices broke a two-month gaining streak on back of mixed corporate earnings results, profit booking and easing expectations of rate cuts by the US Fed, Nifty was flat in...
Small and mid cap index continue to outperform large cap index
Small and mid cap index continue to outperform large cap index
Source: IANS
2024-02-19 01:43:38 pm
FII selling countered by domestic funds The market has been range bound in recent days due to bouts of selling and buying, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. During the last two days, FIIs sold equity worth Rs 6,993 crore in the cash market while DIIs bought equity worth Rs 5,173 crore. The trend of FII selling is likely to continue since the 10-year US bond yield is high at 4.24 per cent. The trend of DII buying too is likely to continue since the flows into the DIIs continue to be ro...
FII selling countered by domestic funds
FII selling countered by domestic funds
Source: IANS
2024-02-16 11:49:00 am
Heavy selling by FIIs neutralised by domestic funds buying A significant feature of a bull market is its ability to bounce back from a steep fall. This was evident on February 14 when Nifty bounced back by around 300 points from the lows, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The heavy selling by FIIs, which was expected in response to the spike in US bond yields, didn’t impact the market since it was neutralised by DII and individual investor buying, he said. A significant feature of the market no...
Heavy selling by FIIs neutralised by domestic funds buying
Heavy selling by FIIs neutralised by domestic funds buying
Source: IANS
2024-02-15 11:54:21 am
Small and mid-cap stocks come under selling pressure Small and mid-cap indices slumped on Friday in a broad based selling while the bluechip Sensex was flat. PSU stocks were also down across the board as the broader market showed most of the sectoral indices were down. BSE small-cap Index was down 2.6 per cent in trade. MSTC was down 15 per cent, AstraZeneca Pharma was down 14 per cent, Surya Roshni was down 10 per cent, RVNL was down 9 per cent, Bector Foods was down 9 per cent, BEML was down 8 per cent, Onmobile Global was down 10 per c...
Small and mid-cap stocks come under selling pressure
Small and mid-cap stocks come under selling pressure
Source: IANS
2024-02-09 12:05:52 pm
Mutual funds holding in NSE companies at all-time high The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to an all-time high of 8.81 per cent as on December 31, 2023, from 8.73 per cent as on September 30, 2023, powered by strong net inflows of Rs 58,198 crore during the quarter, as per Primeinfobase, an initiative of PRIME Database Group. Meanwhile, Life Insurance Corporation of India (LIC), India’s largest institutional investor, saw its share (across 277 companies where its holding is more than 1 per cent) decli...
Mutual funds holding in NSE companies at all-time high
Mutual funds holding in NSE companies at all-time high
Source: IANS
2024-02-07 12:07:44 pm
Speculative activity pushes many mid & small cap stocks to frothy valuations Hyper speculative and trading activity has pushed many mid and small cap stocks to frothy valuations and correction in these stocks is only a matter of time, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The recent correction in the market has not changed the underlying uptrend in the market. FII selling is being countered by sustained DII and retail buying. And the strength of the economy is providing fundamental support to the market. Therefore, FII selli...
Speculative activity pushes many mid & small cap stocks to frothy valuations
Speculative activity pushes many mid & small cap stocks to frothy valuations
Source: IANS
2024-01-20 12:05:29 pm
FPIs sold equity massively for Rs 20,480 cr in last 2 days An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPIs have sold equity massively for Rs 20,480 crores during the last two day. This is partly in response to the rising bond yields in the US where the 10-year yield has risen to 4.16 per cent and partly due to the high valuation in the Indian stock market. Since the largest chunk o...
FPIs sold equity massively for Rs 20,480 cr in last 2 days
FPIs sold equity massively for Rs 20,480 cr in last 2 days
Source: IANS
2024-01-19 11:26:36 am
No consistency in FII, DII behaviour this month There is no consistency in FII and DII behaviour so far this month and they are doing alternative bouts of buying and selling which is restricting the market in a range, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts which the market expects to begin by March 2023. The US CPI inflation data...
No consistency in FII, DII behaviour this month
No consistency in FII, DII behaviour this month
Source: IANS
2024-01-11 12:06:50 pm
DIIs invested $ 20.2 bn in 2023 While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund. DIIs have invested $ 20.2 bn in 2023 on top of $ 35.8 bn in 2022. FPI flows have been tepid at $ 12.8 bn this year, but better than the outflow of $ 16.5 bn in 2022. This has resulted in decadal low FPI ownership in Indian equities. As global inflation and interest rates moderate, India’s stable policy environment and resilient economy ...
DIIs invested $ 20.2 bn in 2023
DIIs invested $ 20.2 bn in 2023
Source: IANS
2023-12-23 01:36:37 pm