The number of draft red herring prospectuses (DRHPs) filed with the markets regulator - Securities and Exchange Board of India (Sebi) - jumped nearly fivefold to 145 in 2021-22 (FY22), compared with just 30 in the preceding financial year (2020-21, or FY21). This was on account of companies rushing to take advantage of a favourable market sentiment towards initial public offerings (IPOs), triggered by an influx of new investors, surge in the secondary market, and encouraging performance of newly listed stocks. In fact, DRHPs filed in FY22 was 4x the previous 10-year average and the highest since 2007-08, according to primary market tracker PRIME Database.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
The local currency had gained 7 paise to close at 66.57 in Monday's trade.
Inflation is expected to remain low in the near term, in part because of the further declines in energy prices.
Improvements in the labour market has triggered this sentiment.
Foreign institutional investors added $20.10 billion in equities while they pulled out $7.97 billion from the debt market, resulting in total net flows of $12.13 billion.
Hafiz Saeed's counsel said the "controversial" movie contains "malicious and filthy" propaganda against the Jamaat-ud-Dawa in general and Hafiz Saeed in particular.
The BSE mid-cap and small-cap indices ended flat against Sensex's 0.4% up-move.
Experts say companies wanting to launch IPOs will have to scale back their expectations given the fall in valuations.
Prime Minister Narendra Modi will address a gathering of Indian Americans from across the US in Washington on June 23 on the role of diaspora in India's growth story, an eminent community leader has said.
The RBI is expected to build reserves so the source of primary liquidity creation is backed by forex reserves.
The Bombay Stock Exchange benchmark Sensex has lost 478.60 points, or -2.80 per cent, to slip to 16,586.55 in afternoon trade on Thursday amid panic selling in markets worldwide following the US Federal Reserve's warning that the outlook for the world's largest economy is grim.
Crucially, the US central bank softened the blow by making its forward guidance even more dovish.
World soccer body FIFA had threatened seven European teams with sporting sanctions if they wore it at the World Cup with the federations backing down.
The Enforcement Directorate on Monday seized three offices in a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against a businessman whose name figured in the Panama Papers.
Investors with high risk appetite must stay invested while risk-averse investors can consider profit booking.
'At current valuations, we believe large-caps offer better downside support.' 'Hence, we are suggesting a small tilt towards them.'
The rupee had ended lower by 19 paise at 56.15 against the dollar on wednesday as importers bought dollars in late trade.
On speculative front as well, non-commercials have decreased bullish bets on COMEX silver futures and options to a three-month low.
Brazil and other developing nations are growing anxious about the expected withdrawal of stimulus in the United States
The apex bank's observation on Tuesday comes at a time when global markets remain uncertain about the overall impact of the tsunami and the subsequently unravelling nuclear crisis in Japan.
Barack Obama is likely to pick a candidate to succeed Ben Bernanke sometime during the summer.
Second quarter earnings of companies, starting with the Infosys results, export-import numbers and industrial production data, could keep markets volatile in the week ahead.
The 30-share BSE Sensex shed 0.9% or 186 points at 20,536 while the 50-unit NSE Nifty was off 1% or 61 points at 6,091.
Macro-economic data from China and minutes of the US Federal Reserve's last meeting caused the turmoil as stocks tumbled around the globe.
Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
Mark Mobius, executive chairman of Templeton Emerging Markets Group still believes in the emerging markets growth story.
Moody's has a 'Baa3' rating for India, with a positive outlook.
The markets will also keenly eye the HSBC manufacturing and services data.
With a global selloff over concerns of the US Federal Reserve's bond-buying tapering impacting the currencies of several emerging markets, the rupee has been the worst performer since Thursday.
Health officials in United States on Friday confirmed that a resident of Oregon has tested positive for coronavirus with no known history of travel to countries severely affected by the outbreak and no known contact with infected individuals.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
Investments by private equity and venture capital funds doubled to a record high of $9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at $4.1 billion in the year-ago period. The activity was higher by 77 per cent when compared to June's $5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
The Indian financial system is driven more by the domestic factors and "Fed rate cut is one of the triggers to review rates ", said Union Bank Bank of India chairman M V Nair.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
The robust export performance, coupled with a compression of imports led by gold, has led to a substantial narrowing in the current account deficit to comfortable levels.
On the Sensex chart, IndusInd Bank, SBI, Dr Reddy's, NTPC, ICICI Bank, HCL Tech and Bajaj FinServ emerged as major laggards.
The 30-share Sensex ended 56 points lower at at 20660 levels and the 50-share Nifty scrapped 14 points at 6155 levels.
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