All stories by Samie Modak
Nomura downgrades Indian equities from 'overweight' to 'neutral'Rediff.com14 Jan 2020
On an overall basis, Nomura believes the economic conditions are suited for equity markets. The brokerage is predicting the market performance will be better in the first half of 2020 and "somewhat weaker" in the second half.
Why markets remain unfazed despite GDP shockerRediff.com19 Dec 2019
Hopes of revival and earnings growth in 2020, surprise tax cuts, and robust foreign flows - thanks to easy global monetary policies - are a few reasons why the markets have managed to digest the low GDP footprint. Select bluechips such as Reliance Industries, Bajaj Finance, Asian Paints, and ICICI Bank have gained sharply this year. On the other hand, YES Bank, Zee Entertainment, and Indiabulls Housing have seen a sharp fall.
Post Karvy, legal shadow cast over collateral businessRediff.com16 Dec 2019
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While Sebi and NSDL have ordered the transfer of securities, which were kept as collateral, lenders followed the old business model of sanctioning loan against shares and allegedly overlooked certain parameters. Legal experts feel that this could lead to a collapse of the loan-against-shares market as it raises questions over the sanctity of the pledged securities.
Why investors shouldn't panicRediff.com3 Dec 2019
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
Disclosing every loan default is now mandatory for listed firmsRediff.com21 Nov 2019
Sebi has now said any default of payments of interest or principal on loans taken from financial institutions, including banks, will have to be disclosed if it continues beyond 30 days.
Analysts unanimous: Corporate earnings, Sensex set to zoomRediff.com23 Sep 2019
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
Anil Ambani's Reliance Capital inches closer to exiting MF bizRediff.com11 Sep 2019
Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.
MFs witness sizeable churn due to corporate defaultsRediff.com30 Jul 2019
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.
Inflow of $25-billion foreign cash riding on three key FPI proposalsRediff.com26 Jul 2019
These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.
More bad news from Deutsche Bank; its investment arm to quit IndiaRediff.com9 Jul 2019
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTVRediff.com19 Jun 2019
The tribunal, while adjourning the matter for September 16, directed Sebi to file a reply and gave three weeks to the Roys to file a rejoinder.
What Dalal Street expects from Modi2Rediff.com10 Jun 2019
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Why RBI will most certainly cut rate on June 6Rediff.com3 Jun 2019
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
BSE500 companies sitting on a huge cash pileRediff.com6 May 2019
75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.
Why NSE deferred announcement of FY19 resultsRediff.com6 May 2019
NSE's board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on Sebi's order, sources said.
Why NSE is likely to cap Nifty's sector weightsRediff.com4 May 2019
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
Only 14 IPOs hit the market in FY19Rediff.com17 Apr 2019
The number of issues were the lowest since FY15, compared to 45 in FY18.
Sensex ends 2018-19 with 17.3% gains, most since 2014-15Rediff.com1 Apr 2019
A surge in foreign inflows is seen as the major reason behind the latest market surge.
Metropolis Healthcare's Rs 1,200-cr IPO to open on Apr 3Rediff.com29 Mar 2019
The offering comprises secondary sale of 13.68 million shares, constituting 27.3 per cent stake.
March likely to see highest overseas funds flow in 2 yearsRediff.com26 Mar 2019
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
HDFC Bank joins the big boys in $100 bn m-cap clubRediff.com20 Mar 2019
India now has three companies in the global top 100 list in terms of market value: Reliance Industries (RIL) ranks 72, Tata Consultancy Services (TCS) is at 86 and HDFC Bank at 99.
Why India may see dismal FPI flow this yearRediff.com7 Feb 2019
By August, the weightage of China-A shares is set to quadruple to 2.9 per cent from the current level of 0.7 per cent in the MSCI EM index. The adjustment will lead to trimming of weightage of other countries, including India.
Heard about side-pocketing in MFs?Rediff.com7 Feb 2019
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
New deal with Subhash Chandra gives lenders more control over ZeeRediff.com5 Feb 2019
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
Why brokers are unhappy with revised stamp duty normsRediff.com2 Feb 2019
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
MFs have high exposure to Zee group cos, hit hard by stock crashRediff.com28 Jan 2019
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
Credit Suisse bets big on industrial stocksRediff.com14 Jan 2019
'Our preference remains for the less-expensive industrial stocks, which are showing good earnings momentum.'
Wow! Indian stock market world's 7th biggestRediff.com2 Jan 2019
All the countries in the top 10 have seen a decline in market value.
Road will be bumpy for investors in 2019Rediff.com29 Dec 2018
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
Rough ride for markets in 2018Rediff.com27 Dec 2018
2018 has been a disappointing and highly volatile year for equity investors.
Brokers send Budget wishlist to SebiRediff.com24 Dec 2018
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'
Will the Sensex climb to the magical 40,000-mark in 2019?Rediff.com19 Dec 2018
French investment bank BNP Paribas said India's earnings growth potential is around 14-15 per cent
India's skewed growth storyRediff.com19 Oct 2018
More than 90 per cent of India's population belongs to the base tier (less than $10,000, or about Rs 730,000) when it comes to the distribution of wealth.
2018 gains wiped out from Indian marketsRediff.com8 Oct 2018
Slide in the rupee, surging oil prices, and rising bond yields have triggered the latest fall in the market.
Markets stare at worst-ever FPI sell-off in 2018Rediff.com5 Oct 2018
Not just India, but Asian peers such as Indonesia, South Korea, Thailand, Taiwan and The Philippines have seen sharp FPI outflows this year
Midcaps, smallcaps see biggest monthly fall since October 2008Rediff.com1 Oct 2018
'The velocity of the market correction in September was so fierce that 9 stocks declined for every one that advanced,' reveals Samie Modak.
Market volatility takes sheen off IPOsRediff.com28 Sep 2018
The Centre has set a steep divestment target of Rs 80,000 crore for 2018-19. In the first six months, it has managed to mop up less than Rs 10,000 crore.
Why stock markets saw one of the most volatile days this decadeRediff.com22 Sep 2018
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Lehman@10: The ghost continues to haunt emerging marketsRediff.com21 Sep 2018
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Technical glitch at NSDL hits e-voting at many firmsRediff.com13 Aug 2018
Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said.