India suffered a top order meltdown chasing a small victory target of 145
Monthly systematic investment plan (SIP) flows into India have held steady above Rs 13,000 crore in 2022-23 (FY23) in the face of markets delivering muted returns in 18 months. However, it is not a rose-tinted view when it comes to viewing new SIP registrations and the cessation of existing ones. The ratio of SIPs stopped as a percentage of fresh SIPs registered (called SIP stoppage or closure ratio in industry parlance) stood at 56 per cent in the first 11 months of FY23, compared with 41 per cent during the same period of 2021-22 (FY22).
'We are not entirely out of the woods.' 'The broader trajectory remains tentative.' 'However, we may expect some near-term bounce.'
Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds - domestic and foreign. Retail investors, too, prefer to 'cash in' on their gains and losses before the financial year runs out.
The global turmoil in the banking sector has made analysts cautious, who advise that investors stay away from stocks of this sector till the overall sentiment improves. The recent trouble for the banking sector started with the collapse of US-based Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. On its part, Moody's Investors Service has also cut its outlook for the US banking system to 'negative' from 'stable', citing the run on deposits at these three banks that led to the collapse of these banking majors in less than a week.
Full recovery may still be a good way off, but the job market is showing clear signs of improvement.
According to leading global consulting firm Watson Wyatt, more than a third (34 per cent) of directors said their companies had already reduced salary, target bonus and/or long-term incentive award levels, while, six per cent plan to make those changes in the next six months and another 48 per cent are considering making them.
An entire nation and even the world is literally walking on a razor's edge, yet we have some marketers of insurance and banking products using the financial crisis as a plank or a fear factor to sell? A G Krishanmurthy is appalled by their lack of ethics.
Without naming Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week.
The financial meltdown abroad should serve as a lesson for the investor. Save well for troubled times.
Tallon Griekspoor prevailed in a high-voltage three-set final against Benjamin Bonzi to win his maiden ATP World Tour title.
The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.
India survived a batting collapse to edge Bangladesh by three wickets in the low-scoring second Test to complete a 2-0 series sweep in Mirpur, Dhaka, on Sunday.
Rajapaksa said he took the best steps like trying to form an all-party government to counter the economic meltdown.
Dragan fumes at Serbia meltdown against Cameroon
Both the Lok Sabha and Rajya Sabha were adjourned till 2 pm after opposition members held protest in Parliament seeking a discussion on the issue.
As Japan's earthquake and tsunami triggers the global nuclear industry's worst crisis, it is time for India to rethink it ambitious nuclear power programme, says Praful Bidwai
How many more years, how many more states, how many more campaigns, how many more candidates can he ask votes for, before he or the voters or both tire?, asks Krishna Prasad.
A fresh PIL was filed on Thursday in the Supreme Court seeking a probe by multiple central government agencies under the supervision of a panel or a former apex court judge against the Adani Group of companies following allegations of fraud and share price manipulation made by the US-based Hindenburg Research.
Global investors are fast losing appetite for equities, as deflation seems more of a reality. With commodity prices collapsing, few safe havens are left for investors, with many of the BRICS(Brazil, Russia, India, China and South Africa) losing their charm.
After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.
Manchester United conceded two late own goals to allow Sevilla to snatch a 2-2 draw in the first leg of their Europa League quarter-final at Old Trafford on Thursday.
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
In his address at the Reserve Bank of India's platinum jubilee celebrations in Mumbai, the prime minister said banks needed to provide instruments to Indian companies to help them manage their foreign currency risks.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry. This came in the wake of a major correction in global markets that brought down the valuation of international stocks. In January, Sebi had asked mutual fund houses to stop taking fresh subscriptions in schemes investing in overseas stocks. The directive to stop subscription was mainly on account of the mutual fund industry crossing the mandated limit of $7 billion for overseas investments.
The global financial crisis can be turned into a great opportunity for growth in India and China if the two Asian giants join hands to collaborate in five key sectors such as gems and jewellery, says a Ficci-KPMG report.
Moitra brought two birthday caps in the House to press her argument that the businessman being most talked about had "topi-pehnau-ed" the government.
Kyrgios, 25, recalled a time in Shanghai when he "didn't want to see the light of day".
Tourism Minister Ambika Soni said 5.08 million tourists visited India in 2007, recording a growth of 14.56 per cent. This was better than the world average of around 6 per cent. However, since October 2008, there has been some reduction, she said. In December 2008, foreign tourist arrivals numbered 521,990; this was 12.5 per cent lower than the number of arrivals in the corresponding month of the previous year. Similarly, January saw a 17.6 per cent drop to 487,262 arrivals.
Since the acquisition by Tata Steel in January 2007, which catapulted the domestic steel major to the world's sixth, this is the first layoff announced by the Corus.
In its bi-annual report 'Food Outlook', FAO noted that much of the boost in cereal production took place in developed countries, where farmers were in a better position to respond to high prices. Concepcion Calpe, one of the main authors of the report, said this year's record cereal harvest and the recent fall in food prices should not create a false sense of security.
For the next two years the whole world, including India, is expected to reel under the effect of the current financial crisis. Here's how it will affect us in India.
Real estate companies such as Unitech, Peninsula Land, HDIL and Future Capital, the financial services arm of Future Group, are in talks with investors including some leading private equity funds for raising investments for their projects, after the collapse of Lehman Brothers, whose third party fund had promised investments in these property companies' projects, according to industry sources.
A fresh round of selling, mainly in metal stocks, in the second half of day saw the index slide to a low of 14,610. The market breadth was fairly negative - out of 2,730 stocks traded, 1,722 declined, 931 advanced and the rest were unchanged.
A young domestic Australian cricketer, Jordan Silk, has reportedly become a social media sensation by taking an incredible catch, which has been described by West Indian legend Sir Vivian Richards as one of the greatest grabs of all-time.
Chappell also threw some light on the 'Sandpaper Gate' scandal of 2018 as the former Aussie captain said that he had huge 'sympathy' for Australian batter Steve Smith.
Silver followed on the steps of gold as it gained 18% in 2007.
Global meltdown has triggered a panic. But it is a much-abused term. This downslide actually means investors should stay invested and await the turnaround.
