Mutual funds breathed easy today, with the flow into liquid and liquid-plus schemes soaring to Rs 30,000-35,000 crore. This is in contrast to the situation over the past few days when a liquidity squeeze caused by the Coal India issue soaking up cash forced companies and banks to withdraw money from mutual funds.
Global pension funds have started investing aggressively in primary market offers. Till recently, they were not looking beyond some of the largest Indian listed companies.
Emerging markets guru Mark Mobius believes the Indian market is no longer cheap but the country has been enjoying a premium over peers due to its growth prospects. In an interview with Business Standard, the executive chairman of Templeton Emerging Markets Group says India's relatively strong fundamentals and accumulation of foreign exchange reserves put it in a much stronger position to weather external shocks.
The Securities and Exchange Board of India (Sebi) is unlikely to clear Vedanta Resources and Sesa Goa's open offer to the shareholders of Cairn India till the government approves the Cairn-Vedanta deal, according to officials familiar with the matter.
Sebi bars non-compliant FIIs from taking fresh positions.
Foreign investment highest ever in dollar terms in a single calendar year
Investment bankers have dismissed the capital market regulator Sebi's concerns over near-zero fee for managing public sector issues.
If implemented, it will be the first commodity exchange to offer such a facility.
Sure, a few listings like those of SKS Microfinance and Gujarat Pipavav have seen significant investor interest, but experts say it's too early to signal a primary market revival.
The Indian stock market is in the midst of a great bull run. Indiabulls, a prominent name in the financial services arena, applies for a licence for mutual fund operations.
At present, investors who can buy up to 15 per cent in a stock exchange include domestic banks and financial institutions, clearing corporations, depositories and stock exchanges.
It pays to stick to old fundamental ways of investing. At a time when the market is range-bound with highs appearing exceedingly difficult to be sustained, many companies are seeing their share prices register new highs. The common link amongst these companies is that their businesses have been able to generate operating cash flow.
It should be made mandatory for customers to write their name, application number and contact number on the reverse of the cheque.
All retail investors may get to sell out, that too at the same price as promoters.
The Securities and Exchange Board of India is re-looking at Asba , or Application Supported by Blocked Amount, norms to make the facility more popular.
Data shows almost all the initial public offers and the follow-on public offerings that hit the market in the current calendar year saw the employee quota receiving only a handful of applications, even as the overall issue was subscribed more than once.
Firms with strong cash flows not happy with 25% public shareholding rule.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
'I think RBI has been phenomenally responsive to ensure there is ample liquidity in the system.'
The chocolate may turn a tad bitter for Cadbury India. In a clear victory for the chocolate maker's minority shareholders, Ernst & Young (E&Y)--the Bombay High Court-appointed valuer--has recommended a 30 per cent premium to the company's valuation than what was prescribed by two independent valuers, Bansi S Mehta and SSPA.
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