India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Among the gainers, microfinance player Ujjivan Financial Services which made its stock market debut in May has seen the biggest rally in its share price.
This weakness is likely to continue in the near-term.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The breadth, indicating the overall health of the market, turned negative from positive
Wonderla's Rs 180-crore ( Rs 1.80 billion) offering had seen demand to the tune of Rs 6,000 crore ( Rs 60 billion).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
ONGC was the top performer while private banking major ICICI Bank extended gains
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
In anticipation of the IPOs of FCH and RPL, investors were seen off loading small and mid-cap stocks heavily.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.
The stock, which was listed at a premium of 44% at Rs 525 (as against the IPO price of Rs 365) on the BSE, hit a high of Rs 569 and a low of Rs 523 on Monday.
Market participants are now awaiting Thursday's meeting of the European Central Bank
This is one of the rare orders by Sebi that bars a bluechip and its top promoter/executives from market.
The broader markets are, however, outperforming the larger peer.
With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, Ambani is ahead of Google co-founders Larry Page and Sergey Brin, the 10th and 11th richest, respectively, and behind Zara founder Amancio Ortega on the Forbes Real-time Billionaires List.
Ramkrishna's exit comes at a time when NSE has been in focus over a new regulatory framework for high frequency trades and co-location facilities, which some believe give undue advantage to some brokers and traders
Investors can now invest in mutual fund schemes which invest globally thereby giving investors access to international assets.
InterGlobe has raised Rs 3,008.5 crore.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
The shares of Jet Airways (India) finished Day 1 at Rs 1,304.20 on the National Stock Exchange, a gain of 18.56 per cent (Rs 204) to the IPO offer price of Rs 1,100 per share.
The market was all set for another positive opening today and one of the major triggers was the successful Maruti IPO that gave PSU stocks the desired push.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
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