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More Nifty downside likely, support near 22,500: Rohit Srivastava
The founder of Indiacharts & Strike Money says Nifty has slipped below its 20-month average and broken the long-term trend from the Covid lows — an early warning sign for markets. India VIX has not yet reached panic levels that typically mark a market bottom and Bank Nifty could also fall toward 50,258 as more sectors start participating in the sell-off.
Kotak Mahindra Mutual Fund acquires stake in this recently listed healthcare stock
Kotak Mahindra Mutual Fund (KMMF) has raised its stake in the North Indian hospital network Park Medi World Limited to more than 5%. The fund purchased 175,164 shares, bringing its total ownership to 5.0393%, which necessitates a regulatory announcement in accordance with SAST regulations.
Sensex falls 600 points, Nifty below 23,000: Oil above $100 among 7 triggers behind today's D-St crash
Indian stock markets experienced a significant downturn for the fourth consecutive session, with Sensex and Nifty 50 falling sharply. Elevated crude oil prices, driven by the ongoing Iran-Israel-US conflict and disruptions in the Strait of Hormuz, continue to weigh on investor sentiment and global markets.
Asset allocation during West Asia crisis: Mutual fund managers share investment tips amid market turbulenc - The Economic Times
Asset allocation during West Asia crisis: Mutual fund managers share investment tips amid market turbulencThe Economic Times
Foreign fund outflows from Indian stocks near a four-year high
But selling may not be the biggest concern right now. The bigger problem could be the lack of buyers. A brokerage report says markets may be entering a “no-buyer phase”, often the stage before the final shake-out of a correction.
Too early to see shift from equities to FDs: Federal Bank CEO KVS Manian
Speaking to CNBC-TV18 on the sidelines of the 21st India Business Leader Awards, KVS Manian, MD and CEO of Federal Bank, said it is too early to see investors moving money from equities back to fixed deposits. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, added that mutual fund investors continue to see healthy three- and five-year returns, helping keep inflows steady despite recent market volatility.
Sebi slaps fine of ₹10 lakh on Anand Rathi for flouting market norms
Capital markets regulator Sebi on Friday levied a fine of ₹10 lakh on Anand Rathi Share and Stock Brokers for multiple violations of regulatory norms.
Oaktree’s Poli Says Bigger Price Moves in Credit Are Coming
Oaktree Capital Management’s Danielle Poli says the moment for the distressed debt shop to scoop up the asset class in droves isn’t here yet as global credit markets remain relatively resilient.
Sebi issues guidelines for mutual funds on intraday borrowing from banks
Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s
Quick Wrap: Nifty Metal Index registers a drop of 4.82%, NIFTY Crashes 2.06%
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INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Sensex Today Tanks 1,470 Points | Nifty Below 23,200 | 6 Reasons Why Indian Share Markets Are Falling - Equitymaster
Sensex Today Tanks 1,470 Points | Nifty Below 23,200 | 6 Reasons Why Indian Share Markets Are FallingEquitymaster