Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.
Macroeconomic (macro) concerns, along with a cautious approach towards discretionary information technology (IT) spending, will see the revenue for Indian IT firms decelerate by 5 per cent through 2024-25 (FY25), from the highs of 12-18 per cent in 2022-23, said analysts from S&P Global Ratings. "The reason behind this slow growth is a macro slowdown. "Customers are cutting their discretionary IT spending, especially on projects that take longer to deliver quantifiable outcomes. "We also acknowledge that there are still strong economic headwinds for the next few years," said Spencer Ng, associate director, corporate ratings, S&P Global Ratings, over a call in a media briefing.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
The earnestness of the actors keep Kaala Paani from drowning, observes Deepa Gahlot.
Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market. Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10-year infrastructure bonds. This comes after SBI on July 10 raised Rs 10,000 crore also through infrastructure bonds with a 15-year tenor at a coupon rate of 7.36 per cent.
Georgia Plimmer's quickfire half-century (53 in 44 balls, with four boundaries) helped New Zealand to a convincing eight-wicket win over Sri Lanka to boost their chances of a top two finish in a highly-competitive Group A the ICC Women's T20 World Cup 2024, reaching a winning score of 118/2 with 2.3 overs remaining on Saturday.
Will Jacks reached his half-century in 14.2 overs and brought up his 100 in 16 overs!
Shot clocks and run penalties could be used to speed up over rates in all forms of cricket, according to former Australia captain Ricky Ponting.
If approached with minimal expectations, Sikandar Ka Muqaddar offers enough suspense to justify an OTT viewing, observes Sonil Dedhia.
'Over the next 20 years, we would be adding almost 10 million people to the workforce every year!' 'And we won't be able to give employment to even 2 million out of the 10 million every year.' 'Don't forget, it keeps adding every year.'
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
Sukanya Verma raises a toast to the top female performers of 2024.
India skipper Mahendra Singh Dhoni was on Thursday docked 60 per cent of his match fee while his teammates received a 30 per cent fine each for maintaining a slow over-rate during South Africa's second innings in the third and final Test in Cape Town.
Reserve Bank Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand. As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago. According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.
'Asset allocation should change only if your goals, life situation, or risk profile have changed.'
India stayed on course to make it to their third straight WTC final.
The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies. Strong revenue growth prospects for each of its online verticals - including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato - had prompted Goldman Sachs to upgrade the stock. Info Edge's standalone revenue grew 10.6 per cent year on year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y.
Sri Lanka captain Angelo Mathews was handed a two-match suspension for maintaining a slow over-rate during his team's one-wicket defeat against India in the final of the Tri-series in Trinidad.
India's captain was fined his entire match fee for the team's slow over rate in Saturday's third ODI against Pakistan.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
Fitch Ratings on Tuesday raised India's growth forecast for the current fiscal to 7.2 per cent, from 7 per cent projected in March, saying elevated consumer confidence will drive spending, besides increased investments. In June update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5 per cent by end of this year and RBI to cut policy interest rates by 25 basis points to 6.25 per cent.
'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
The April-June quarter (Q1) of the current financial year (FY25) may be soft for banks with loan growth moderation, net interest margin (NIM) pressures, and higher staff and credit costs inching up, according to analysts. Credit growth could ease due to the lagged impact of the Reserve Bank of India (RBI) tightening and deposit growth has weakened, and the current account and savings account (CASA) ratio has declined 10-370 basis points (bps) quarter-on-quarter (Q-o-Q) for many banks.
Australia at least on paper, can't be rated ahead of India and England during this edition of the tournament.
South Africa captain AB de Villiers has been suspended for two ODIs while his teammates have been fined 100 per cent of their match fees for maintaining a slow over rate during their one-wicket defeat against New Zealand in the first ODI in Paarl.
Rs 135.3 crore. How much of it was salary, and how much commission?
India's stock markets are experiencing a shift in investor sentiment, with a 30 per cent surge in Chinese stocks, prompting investors to move money from domestic markets to China. This reversal of fortunes is a notable change from the past three years, where China's losses benefited India.
Australia has been fined for maintaining a slow over-rate during its nine-wicket victory over England in the first semi-final of the ICC Champions Trophy at Centurion on Friday.
The England cricket team has been fined for maintaining a slow over-rate during the fourth and last Test against South Africa in Johannesburg.
The labourers have been trapped since Sunday morning when a part of the tunnel collapsed following a landslide.
Pathan slammed the Pakistan skipper for his knock and felt that Babar didn't help his team's cause.
Arshdeep was lethal in India's seven-wicket win over USA, snaring four wickets for just nine runs in New York on Wednesday.
India registered a hard-fought six-wicket win over arch rivals Pakistan, keeping their semi-final hopes alive in the Women's T20 World Cup.
'It's almost like the tissue of the lung has a cancer spreading to it, which is causing scarring and rapidly progresses.'
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.
Joe Root and Harry Brook's centuries powered England's strong reply on Day 3 of the first Test in Multan.
Who do you think should be part of India's playing XI for the first Test against New Zealand?
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
According to the World Bank, economic growth in middle-income countries, including India, is not accelerating. 'In fact, it is slowing down as incomes increase, with the trend becoming more pronounced each decade.'
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