Posts Tagged ‘foreign investors’
18
Oct
Posted by smcinvestmentindia in Business, commodity, Commodity market, Commodity Trading, commodity update, currency, Economy, india, Investment, online trading, share market, smc capitals, SMC Depository, SMC Global, SMC online trading, SMC Research Based Advisory Services, Stock, stock market, Trading. Tagged: agricultural commodities, Bajaj Auto, base metals, Central bank, Coal India, commodities, CRB, crude oil, currencies, currency markets, Federal Reserve Chairman Bernanke, food price inflation, foreign investors, HDFC, Inflation, Infosys, Investment, investors, IPO, L&T, metals, Nifty, OPEC, RBI Chief Subbarao, Reserve Bank, Sensex, silver, stocks, Trading. Leave a comment
Most of the world markets rallied in the week gone by on the buzz of further quantitative easing by U.S. Without giving details about the strategies on how the central bank will act its Nov. 2-3 meeting, Federal Reserve Chairman Bernanke said additional monetary stimulus may be warranted because inflation is too low and unemployment is too high.
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Fed is considering ways for raising inflation expectations to encourage people to believe that prices will start rising at a faster pace so that they would spend more of their money now. Retail sales in U.S.climbed more than forecast as purchases rose 0.6 percent following a 0.7 percent gain in August and manufacturing in the New York region expanded in October at a faster pace than anticipated.
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China’s Shanghai Composite Index saw gains of 8.5 percent on the anticipation that China’s banks show strong earnings growth this quarter as the lending has beaten the forecast. Moreover the strong exports growth of 25.1 percent in September mirrors the strong underlying economic momentum. The country’s foreign-exchange reserves, the world’s largest, surged by a record to $2.65 trillion at the end of September.
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India’s wholesale price index rose to rose 8.62 percent in September from a year earlier after an 8.5 percent gain in August. Manufactured product inflation and Food price inflation rose by 0.3 percent and 1.6 percent respectively in September fromthe previous month. RBI Chief Subbarao said that inflation in India is being “quite stubborn,” a sign that controlling prices remains the central bank’s priority.
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Reserve Bank Deputy Governor Subir Gokarn signaled the central bank may intervene in the currency markets to shield exporters from the strengthening rupee. The capital account showed a surplus of $17.5 billion in the quarter to June 30, compared with a record shortfall of $13.7 billion in its current account.
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Foreign investors have so far poured approximately $23 billion in stocks and 10 billion indebt this year. Industrial production expanded by 5.6 percent in August after seeingan expansion of 15.2 percent in July.Going next week the main attraction for retail investors would be the primary market with Mega IPO of Coal India slated to open on 18th October. As Infosys has already rung the bell with positive surprise in terms of earning growth, the investors would now look forward to numbers of companies like L&T, HDFC, Bajaj Auto, etc that are scheduled to announce numbers next week.
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Nifty has support between5870-5950 and Sensex between 19200-19640 levels.With expecting second round of monetary easing, investors dumped dollar and endowed other investment avenues. Commodities extended a rally to the highest intwo years and CRB closed near the mark of 300. The dollar fell to its lowest in 10 months against a basket of currencies and breached the mark of 77. Five week continuous downfall enhanced metals and agricultural commodities.
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Gold gave heroic performance and made another life time high. It rose more than 25% in 2010.Silver is also trading near 30 year high. However, being prudent investors, one should book profit in gold and silver, considering safe trading. Base metals are expected to trade in a range. Crude oil should trade in range $80-85 in short run on mixed fundamental. OPEC has decided to keep the production quota unchanged in last meeting. Agro commodities should trade with high volatility ahead of expiry of October contract.
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9
Feb
Posted by smcinvestmentindia in agriculture, Automobiles, Banking, Bonds, budget, Business, Capital Market, capitals, China, commodity, Commodity market, Commodity Trading, commodity update, currency, Distribution of Mutual Funds & IPOs, Economics, Economy, Equity & Derivative Trading, Exports, Finance, financial planning, futures, General, gold, Import Export, income tax, india, India corporate world, interest rates, International, Investment, IPO, Mutual Funds, Private Equity, QIP, RBI, securities, share market, smc capitals, SMC online trading, SMC Research Based Advisory Services, Stock, tax, Trading. Tagged: Asian markets, China, commodity markets, disinvestment, Euro, finance ministry, Fiscal, Food inflation, foreign investors, investors, MCX, Nifty, NTPC, PSU, Sensex, stock markets, US Dollar, world markets. Leave a comment
Hello Friends, here, we bring you the weekly overview of the Indian as well as of the Global economy and latest global business and industry updates.
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Weekly Update of The Market (08th-12th February)
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After starting the year on a good note & Indices making fresh highs within few weeks many Asian markets have corrected between 7 to 10%.
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The global sell off over sovereign debt problems in Europe and an unexpected rise in jobless claims in US put investors on the defensive mode.
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The anxiety about sovereign debt in Greece, Portugal and Spain sparked a sell-off in the Euro & has led strength to US dollar.
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Foreign investors sell off is an outcome of dollar-carry-trade unwinding as when they borrowed the dollar was cheap & now it is recovering.
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Investors viewed the markets in year 2010 with confidence in view of recovery gaining momentum is now shaken over the debt problems, nascent economic recovery & confidence of the governments that stand behind the euro.
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Efforts of China to curb lending preventing overheating in economy also pose a risk to derail the global recovery.
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Back at home, the effect of turmoil in the international market also made government to think its strategy on ambitious disinvestment programme.
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🙂
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Lukewarm response to the NTPC, the much awaited issue managed to get subscription of just 1.2 times on its closing day.
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The maximum bid of 20.87 crore shares was put by Indian institution under the first time adopted French Auction route.
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This has challenged the finance Ministry hopes on the proceeds from disinvestments to make up the sliding revenue & rising expenditure.
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While it looks that PSU disinvestment may not yield desired results on market weakness, the 3G auction i.e. expected to garner Rs. 35,000 crore could be postponed to next fiscal year.
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🙂
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The fate of some of the IPO’s like NMDC, Satluj Jal Vidyut Nigam Ltd and Rural Electrification Corporation that are on the disinvestment agenda before March 31, looks tough to sail through, if the stock markets do not rise and big investors do not come back.
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On the contrary, Banks like Bank of Baroda & Indian Bank that were expected to raise money overseas have put now their plans on hold.
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🙂
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The good news from the external sector continued as the data showed a 9.3% annual increase in exports in December to $14.6 billion, a second consecutive month rise.
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While imports increased by 27.2% from a year earlier to $24.75 billion.
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Food inflation remained at high levels & rose to 17.56% in the week ended 23 January 2010 from 17.40% in the previous week on the back of rising pulses & potato prices.
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Markets are likely to take a closer view of the advance estimates on economic growth for the current fiscal ending March 2010 scheduled to be released on Monday.
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In the days to come an activity in the sectors like railways, fertiliser, textiles, pharma, education, power and infrastructure may be seen on expected positive policy announcements and budgetary sops.
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It was clearly mentioned last week that world markets are going in downtrend and one should be careful in such a scenario and that one should be moving in cash.
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Now the markets have taken a very sharp fall last week due to rise in Dollar Index and fall in all asset classes.
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🙂
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The coming week might see some counter rally from lower levels.
Nifty faces resistance between 4900-5000 levels and Sensex between 16400-17000 levels.
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🙂
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If we talk about commodity markets then one can see that strengthening dollar and lack of firm global cues had pressurized commodities prices to move southward.
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Investors are selling riskier assets and putting their money in dollar as a safe haven buying.
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Debt concerns facing Greece, Portugal and Spain coupled with dollar index which is trading above the mark of 80 is most likely to compel commodities to trade lower.
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French and euro zone GDP, USD advance retail sales, USD U. of Michigan Confidence will give further direction to commodities.
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Investors should keep an eye on gold – silver ratio.
It was 58:1 few months back, now reached to 67:1 on MCX, heading towards the level of 70:1.
It is demonstrating more selling in silver.
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🙂
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Stay Tuned for More on weekly updates.
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Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here
16
Jan
Posted by smcinvestmentindia in Bonds, Business, Capital Market, Economics, Economy, Exports, futures, General, India corporate world, securities, share market, smc capitals, SMC online trading, SMC Research Based Advisory Services, Trading. Tagged: Bombay Stock Exchange, foreign investors, Indian equities, industrial output, NSE, S&P CNX Nifty, Sebi, Sensex, top gainers, Top losers. Leave a comment

Indians Equities Gained a Meagre 14 Points this Week
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A benchmark index of Indian equities gained a meagre 14 points this week from its last weekly close even as broader indices managed to move up significantly and foreign investors bought into a wide range of scrips.
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Trading this week was range-bound on most days, and brushed aside improved industrial output numbers.
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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 14.1 points or 0.08 percent to end Friday at 17,584.87 points, from its previous weekly close at 17,540.29 points.
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The broader S&P CNX Nifty of the National Stock Exchange (NSE) moved up 0.14 percent or 7.45 points from its last weekly close to end at 5,252.2 points.
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Broader market indices, however, reflected the buying interest in mid-to-small sized scrips as the BSE midcap index ended 1.5 percent up and the BSE smallcap index rose 3.14 percent.
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Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips worth $981.55 million.
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According to Jagannadham Thunuguntla, the equity head for brokerage firm SMC Capitals, the benchmark indices will continue to see a lot of sideways movement, having rallied over 90 percent in a year.
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‘Such sideways movement is expected, and will be the norm for some time to come.
Positive economic numbers and encouraging corporate results will not always translate into gains in the market,’ said Thunuguntla.
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The week started on a lackluster note Monday, with the Sensex ending 13 points lower at 17,526.71 points due to profit booking in front line stocks — Reliance Industries, ICICI Bank, and SBI.
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The Nifty, which followed a similar trajectory to the BSE benchmark, managed to gain marginally at 5,249.4 points, a rise of 0.09 percent.
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The top gainers in the Sensex were TCS (up 13.1 percent), Wipro (up 10.2 percent), Infosys (up 8.6 percent), ACC (up 7.5 percent) and Ambuja Cements (up 6.9 percent).
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Among top losers were SBI (down 6.2 percent), Hindalco (down 3.9 percent), ICICI Bank (down 3.6 percent), Hindustan Unilever (down 3.6 percent) and Reliance Infra (down 3.3 percent).
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🙂
11
Dec
Posted by smcinvestmentindia in Economy, Finance, financial planning, QIP. Tagged: current fiscal, foreign investors, India Inc, institutional investors, QIP, stock markets. Leave a comment
The first eight months of the current fiscal witnessed fund raising of $16.7 billion (Rs 78,000 crore) through equity issues by India Inc due to the returning of the foreign investors and resuming of expansion activities by the companies.

However, the amount raised so far in this fiscal is still far below as compared to the corresponding period of 2007-08, a year that witnessed a boom for the stock markets. India Inc had raised Rs 125,526 crore for the period between April and November 2007.
The overall fund-raising through equity and equity convertible financial instruments in the period between April-November 2009 was backed by an increase in the overseas issues and a rush by the companies to issue fresh shares to institutional investors through qualified institutional placement (QIP).
The total funds raised through overseas issues, including equity and equity convertible bonds in the first eight months of the current fiscal stood at Rs 27,745 crore across 28 issues as against Rs 945 crore reported during the whole of 2008-09, data compiled by Prime Database show.
However, during the same period, QIP issues also touched an all-time high with firms across sectors raising Rs 31,292 crore as compared to Rs 188 crore reported during FY09. This surge in QIPs is linked to the rise in stock market valuations as institutional investors flush with liquidity returned to fund expansions and new ventures of companies.
The fund-raising by companies coming through public issues also surged eight times to Rs 15,981 crore through 16 initial public offer (IPO). However, despite a revival in the capital market, the IPO market has not taken off in direct proportion to the revival in the capital market, which was witnessed in 2007-08. So far this fiscal there have been 19 IPOs while the same was at 67 in 07-08.
Over 100 companies raised Rs 83,000 crore by issuing debt instruments like bonds and debentures during H1 of the current fiscal. However, on a period-on-period basis, the April-September period saw funds raised to the tune of Rs 83,961 crore, an increase of 25% over Rs 67,108 crore mobilized in the corresponding period of the previous year.
Meanwhile, the funds were raised by issuing through private placement debt instruments, including bonds, debentures and securitized papers, which have a tenor and put or call option of more than one year.
5
Dec
Posted by smcinvestmentindia in Banking, Bonds, Brokerage, budget, Business, Capital Market, capitals, Company, Economics, Equity & Derivative Trading, Finance, futures, General, Import Export, income tax, India corporate world, International, IPO, Private Equity, QIP, securities, share market, smc capitals, SMC Global, SMC online trading, SMC Research Based Advisory Services, Stock, Trading, Wealth. Tagged: Bombay Stock Exchange, bull market, Company insiders, economic growth, economic recovery, foreign investors, Indian economy, promoters, RBI, Sensex, SMC, SMC capital, stock market, top management. Leave a comment

Company Insiders Sold Shares Worth Rs.15 K Crores
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Company insiders, including top management and promoters, have sold shares in their firms worth about Rs.14,950 crore in the past three months.
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This was most perhaps done to cash in on the steep rise in prices during the recent rally and signaling that the market may be fully valued.
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“Insiders are cashing out some part of their shares.
That shows the market is no longer undervalued,” says Jagannadham Thunuguntla, head of research at SMC Capital Ltd.
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Since the Bombay Stock Exchange’s benchmark hit a low of 8,160 points on 9 March earlier this year,
the 30-stock Sensex, India’s most widely tracked index, has risen 103.81%
as foreign investors injected $15.42 billion (Rs 72,165 crore) into the markets, enticed by the prospect of economic growth.
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🙂
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While major Western economies are barely emerging from a deep recession,
India’s economic output is expected to expand at least 6%, according to estimates by the Reserve Bank of India (RBI), making it the second fastest growing major economy.
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🙂
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Insider sales include those by promoters, top management such as chief executive officers and chief financial officers, as well as sales of treasury stock.
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While insider trades are reported to the stock exchanges, only the number of shares is disclosed.
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Often, such sales take place over a period of time.
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SMC Capital has played a role in the compilation of the data.
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Insider transactions also include share purchases.
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On an overall basis, company insiders bought shares worth around Rs 5,194 crore during the same period, or around one-third of the Rs 14,950 crore of shares sold.
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🙂
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A large part of these have happened in the last six months because people are still sceptical about the sustainability of the recovery.
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“No one has any conviction on how long this bull market will last,” said SMC’s Thunuguntla.
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Indeed, with the pace of economic recovery in the West still under question, a potential debt default by Dubai government-promoted entities rocked global markets last week,
sending the Sensex down 3.3% in just two days of trading.
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3
Nov
Posted by smcinvestmentindia in Banking, budget, Capital Market, Commodity market, Commodity Trading, Company, Economics, Equity & Derivative Trading, Finance, futures, India corporate world, International, Investment, IPO, Private Equity, QIP, securities, share market, smc capitals, SMC online trading, Stock, Trading, Wealth. Tagged: Bombay Stock Exchange, domestic bourses, European markets, foreign investors, infrastructure, investors, Jagannadham Thunuguntla, market hours, market regulator, New York Stock Exchange, risk management system, Sebi, Securities and Exchange Board of India, smc capitals, stock exchanges, trading holidays, trading holidays at bourses, trading volume. Leave a comment

SEBI May Reduce the Trading Holidays at Bourses
Market regulator SEBI is looking into a proposal by several investors to allow fewer trading holidays on stock exchanges in line with the global practice.
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“SEBI is actively considering the proposal to reduce the trading holidays at bourses and is likely to take a decision on the matter soon,” an official close to the development said.
According to analysts, this move by Securities and Exchange Board of India (SEBI) will increase the trading volume in domestic bourses and would also attract foreign investors.
SMC Capitals Equity Head Jagannadham Thunuguntla said,
“From the global standards, India has more number of trading holidays. The reducing of holidays would increase the participation of investors, including the foreign ones, and would increase the trading volume,” he said.
🙂
For 2009, the Bombay Stock Exchange has 19 listed trading holidays and these exclude the weekly Saturday and Sunday off.
In developed countries, the trading holiday at leading bourses are far less.
For 2009, there are only nine trading holidays on the New York Stock Exchange.
In European markets, there are just four holidays this year excluding Saturdays and Sundays.
Recently, Sebi opened gates for longer trading hours for stock exchanges, allowing the bourses to extend market hours by around two-and-a-half hours between 9 am and 5 pm.
The market regulator had further asked the bourses to reset their timings provided they have in place risk management system and infrastructure commensurate to the trading hours.
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18
Sep
Posted by smcinvestmentindia in Banking, Brokerage, Business, Capital Market, Commodity market, Commodity Trading, Distribution of Mutual Funds & IPOs, Economics, Equity & Derivative Trading, Finance, Investment, IPO, Mutual Funds, Private Equity, securities, share market, Stock, Trading. Tagged: Asian stock markets, benchmark’s gains, benchmarks, Bombay Stock Exchange benchmark Sensex, debt instruments, debt market, debt market segment, economies, equity markets, Finance, Foreign funds, foreign investors, Global fund houses, Gold Benchmark ETF, green territory, gross buyer, gross sellers of stocks, index, india, Indian equity markets, indices, industry experts, intraday high, intraday low, investors, IT and auto stocks, market regulator, National Stock Exchange, net investment, net sellers, Nifty, NSE Nifty, NSE turnover, S&P CNX Nifty, sale of equity shares, Sebi, Sebi regulations, Securities and Exchange Board of India, Sensex, stock exchanges, stock markets, USD. Leave a comment

Foreign investors have poured Rs 43,837 crore (USD 9.05 billion) into the country’s stock markets so far this year, reflecting confidence of foreign funds in the Indian equity markets.
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At the close on Wednesday, overseas investors were gross buyer of shares worth 4,17,121 crore and gross sellers of stocks valued at Rs 3,73,283 crore, resulting in a net flow of Rs 43,837 crore into the stock markets so far this year.
This latest data has been announced by the market regulator Securities and Exchange Board of India (SEBI).
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Significantly, the Bombay Stock Exchange benchmark Sensex has gained nearly 73 per cent so far this year.
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The National Stock Exchange barometer Nifty – composed of 50 shares — has also advanced fairly and for the first time in more than a year it touched 5,000 level on Thursday.
(Read more about that on previous blog).
Global fund houses have made a total net investment of Rs 3,564 crore so far in September, according to the SEBI data.
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After pulling out a huge sum of Rs 52,986 crore (USD 11.9 billion) from the local stock markets, foreign investors are now moving their money towards emerging economies like India.
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However in debt market segment, overseas investors have not turned net investor so far this year.
FIIs were net sellers of debt instruments worth Rs 527 crore (USD 49 million) in 2009 so far according to the latest data received from the market regulatory body,SEBI.
🙂
17
Sep
Posted by smcinvestmentindia in Asset management, Banking, Brokerage, Business, Commodity market, Commodity Trading, Economics, Finance, Investment, Private Equity, securities, Stock, Trading, Wealth. Tagged: assets, bullion, bullion trading, commodity exchange, Commodity market, Commodity Trading, currency, demand, demand and supply, Dollar, economic growth, economic revival, Economy, Foreign institutional investors, foreign investors, global economy, global rates, gold, gold imports, gold market, gold trading, Government of India, Indian economy, Indian rupee, Indian shares, Indian stock market, Inflation, inflation rate, institutional investors, investing in stocks, Investment, investors, Multi Commodity Exchange, online trading, overseas investors, overseas markets, production, real estate, retail investors, Rupee, Sensex, silver, silver coins, SMC, standard gold and ornaments, stock exchanges, stock index, stock market, stock market trading, stocks, US Dollar. Leave a comment

Due to the speedy buying by stockists in advance of the festival season, in the midst of the global rates climbing to an 18-month high of $ 1,018.15 an ounce, GOLD rose by Rs 250 to touch a new high of Rs 16,220 per 10 gram in the gold market.
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However, it is said that after the metal in London increased to an 18-month high, the buying action gathered momentum as stockists indulged in buying gold.
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While, the concern was that a global economic revival may strengthen inflation in the midst of a weak dollar, enhancing demand for the metal as an alternative investment.
On the other hand, gold in overseas markets advanced 10.60 dollar, or 1.1%, to 1,018.15 dollar an ounce whereas silver coins also touched a record high of Rs 31,800 per 100 pieces.
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Further, standard gold and ornaments spurted by Rs 250 each to Rs 16,220 and Rs 16,070 per 10 gram, respectively.
On the other side, sovereign increased by Rs 50 to Rs 12,950 per piece of 8 gram.
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Marketmen said the precious metal might see new peaks in the coming days once the festival and marriage season starts on September 19.
Current upsurge maybe purely out of reason of stockists buying as retailers refrained from buying gold during ‘Sharaadh’, the ongoing inauspicious fortnight in Hindu mythology.
🙂
According to analysts, gold may climb a high level of $1,100 an ounce in the overseas market in the next six months.
Silver ready shot up by Rs 700 to Rs 26,600 per kg and weekly-based delivery by Rs 910 to Rs 27,570 per kg.
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Silver coins rose to an all-time high by gaining Rs 200 to Rs 31,700 for buying and Rs 31,800 for selling of 100 pieces.
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However in between due to the increasing investment demand with the commencement of festival and marriage season, gold imports observed a huge rise during August at 21.8 tonnes as compared to the previous month where the import of the precious metal was 7.8 tonnes this year.
This shows that India’s gold imports have trebled in a gap of one month.
🙂
16
Sep
Posted by smcinvestmentindia in Asset management, Banking, Brokerage, budget, Business, Capital Market, capitals, Clearing Services, Commodity market, Commodity Trading, Company, Distribution of Mutual Funds & IPOs, Economics, Equity & Derivative Trading, Finance, financial planning, income tax, india, India corporate world, Insurance, Investment, IPO, Merchant Banking, Mutual Funds, Private Equity, securities, SMC Depository, SMC Research Based Advisory Services, Stock, tax, Trading, Wealth. Tagged: assets, Bombay Stock Exchange (BSE), BSE, BSE sectoral indices, BSE Sensex, copper, currency, currency trading, DLF Ltd, Dollar, economic growth, Economy, Foreign institutional investors, foreign investors, futures trading, global economy, Government of India, Indian economy, Indian rupee, Indian shares, Indian stock market, Indian stocks, institutional investors, investing in stocks, investors, issue of shares, NSE, online trading, overseas investors, overseas markets, production, real estate, retail investors, Rupee, Sensex, SMC, stock exchanges, stock index, stock market, stock market trading, stocks, US Dollar. 1 comment

Indian stocks rose to a 15-month high yesterday. 🙂
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DLF Ltd led gains as investors judged recent declines as excessive. Mahindra & Mahindra Ltd climbed on a report it will make sports utility vehicles for overseas markets.
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DLF, the biggest real estate developer, jumped 5.5% after losing 10% in the previous five trading sessions.
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Mahindra & Mahindra, the largest sports utility vehicle maker, advanced 1.5%.
Sterlite Industries (India) Ltd, the No 1 copper producer, added 3.8% after metals prices climbed.
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The Bombay Stock Exchange’s Sensitive Index (Sensex), rose 240.26, or 1.5%, to 16,454.45, the highest since May 28, 2008.
The gauge declined 0.3% on Monday, snapping a six-day rally.
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“There is strong liquidity supporting the market,” Jagannadham Thunuguntla, the head of equities at SMC Capitals Ltd in New Delhi. “Yesterday’s fall has made some stocks attractive.”
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The rupee advanced against the US dollar as overseas investors added to holdings of the nation’s assets amid signs economic growth is quickening.
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The rupee climbed 0.2% to 48.655 per dollar at the 5pm close in Mumbai, according to data compiled by Bloomberg.
The currency has risen 0.4% this month.
India’s $1.2tn economy expanded 6.1% in the three months to June from a year earlier, accelerating for the first time since 2007, the government said last month.
🙂
Note : For More latest Industry,Stock Market and Economy News Updates, Click Here
31
Aug
Posted by smcinvestmentindia in agriculture, budget, Business, Capital Market, capitals, Commodity market, Commodity Trading, Company, Distribution of Mutual Funds & IPOs, Economics, Enviroment, Equity & Derivative Trading, Finance, financial planning, Global warming, income tax, india, India corporate world, Insurance, Investment, IPO, IT, Medicine, Monsoon, Mutual Funds, Private Equity, securities, SMC Depository, SMC Research Based Advisory Services, Stock, tax, Trading, Wealth. Tagged: a strong farm sector, agriculture sector, Asean, Asean economic ministers meeting, Association of South-East Asian Nations, business sentiment, cement industry, cement makers, demand and supply, drought hit economy, duty-free import, farm sector, FDI flow, FIIs activity, Finance Minister, fiscal measures, FMCG sector, foreign direct investment, Foreign institutional investors, foreign investors, Free Trade Agreement, FTA, Goods & Services Tax, GST, IIP, IIP numbers, Indian economy, Indian FMCG industry, Indian markets, Inflation, infrastructure development programme, inward investments, kharif crop, Manufacturing, manufacturing sector, Monsoon, net purchasers of Indian stocks, overseas investors, prices of food articles, prices of items of mass consumption, purchasers of Indian stocks, robust savings rate, services sector, Union Budget, upbeat foreign investors, urban India, wholesale price index, WPI, WPI based inflation. 2 comments

The Indian economy’s business sentiment has improved indicating a path of recovery.
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Let’s see, why do we say this?
A surprise improvement was witnessed in the IIP numbers for June 2009 at 7.8%.
The WPI based inflation has softened to below zero level.
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However, the prices of items of mass consumption (food articles) show no signs of softening and have risen substantially due to supply side constraints.
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The performance of inward investments has been fairly well.
The Foreign Direct Investment flows surged 13% at $4.3 bn for April-May 2009-10.
🙂
Painting a picture of a resilient economy, Finance Minister believes the economy will grow by more than 6% despite a fear of drought and the decline in the sowing of the kharif crop, such as rice.
The strength of the economy in the slowdown is the large services sector, which has, historically, been less affected by cyclical downturns than manufacturing, a strong farm sector, robust savings rate, ambitious infrastructure development programme and upbeat foreign investors.
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The 224-million-tonnes cement industry is yet again set to strike a growth of 10 per cent in June.
The production numbers from the top cement makers are anything to go by, the continuous robust growth will be maintained.
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The Rs 82,000 crore Indian FMCG industry primarily seeking the implementation of the GST (Goods & Services Tax) by April 1, 2010 in the upcoming Union Budget, expects fiscal measures will spur growth of the FMCG sector in rural as well as urban India.
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Further, in a sign of confidence in the Indian markets, Foreign Institutional Investors pumped in over $6 billion, or about Rs. 29,940 crore this year, with over $1 billion coming in July alone.
An analysis of FIIs activity shows that overseas investors are the net purchasers of Indian stocks worth $6.18 billion (Rs 29,940.30 crore) from January to July this year.
🙂
Also, with the India-Asean (Association of South-East Asian Nations) that inked the long awaited Free Trade Agreement (FTA) for duty-free import and export of 4,000 products over a period of eight years at the Asean economic ministers meeting held in Thailand, the India-Asean trade is likely to surpass $50 billion by 2010.
The Indian economy’s business sentiment has improved indicating a path of recovery. Let’s see, why do we say this?
A surprise improvement was witnessed in the IIP numbers for June 2009 at 7.8%. The WPI based inflation has softened to
below zero level. However, the prices of items of mass consumption (food articles) show no signs of softening and have
risen substantially due to supply side constraints. The performance of inward investments has been fairly well. The
Foreign Direct Investment flows surged 13% at $4.3 bn for April-May 2009-10.
Painting a picture of a resilient economy, Finance Minister believes the economy will grow by more than 6% despite a fear
of drought and the decline in the sowing of the kharif crop, such as rice. The strength of the economy in the slowdown is
the large services sector, which has, historically, been less affected by cyclical downturns than manufacturing, a strong
farm sector, robust savings rate, ambitious infrastructure development programme and upbeat foreign investors.
The 224-million-tonnes cement industry is yet again set to strike a growth of 10 per cent in June. The production
numbers from the top cement makers are anything to go by, the continuous robust growth will be maintained.
The Rs 82,000 crore Indian FMCG industry primarily seeking the implementation of the GST (Goods & Services Tax) by
April 1, 2010 in the upcoming Union Budget, expects fiscal measures will spur growth of the FMCG sector in rural as well
as urban India
Further, in a sign of confidence in the Indian markets, Foreign Institutional Investors pumped in over $6 billion, or about
Rs.29,940 crore this year, with over $1 billion coming in July alone. An analysis of FIIs activity shows that overseas
investors are the net purchasers of Indian stocks worth $6.18 billion (Rs 29,940.30 crore) from January to July this year.
Also, with the India-Asean (Association of South-East Asian Nations) Free Trade Agreement (FTA) that inked the longawaited
Free Trade Agreement (FTA) for duty-free import and export of 4,000 products over a period of eight years at the
Asean economic ministers meeting held in Thailand, the India-Asean trade is likely to surpass $50 billion by 2010.
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