indian capital market

L&T valuation doesn't capture multi-year investment cycle
IANS -
"The former is probably not correct since the market is very excited about the prospects of a multi-year investment cycle in India and LT is well-positioned to participate in the same. The latter may require restructuring LT's conglomerate structure," it said. "In our view, LT's valuation does not adequately capture a potential multi-year investment cycle and LT's unique position in a large market opportunity."
Markets to remain volatile and choppy
IANS -
At the end of the three-days and Muhurat trading, BSESENSEX gained 760.69 points or 1.28 per cent to close at 60,067.62 points. NIFTY gained 245.15 points or 1.39 per cent to close at 17,916.80 points. The Indian Rupee gained 42 paisa or 0.56 per cent to close at Rs 74.46 to the US Dollar. Dow Jones had a good week and posted new closing highs and intra-day highs
Foreign Fund Flow: Rupee to gain strength on likely return of FIIs
IANS -
Accordingly, the rupee is likely to touch the 74 to a USD mark during this period. The FIIs have been on a selling spree in India's equity market, however, the rate of off-load has significantly come down during the last few sessions. On last Thursday, during the hour-long 'Muhurat Trade Session', FIIs sold just Rs 328.11 crore worth of stocks on the BSE, NSE and MSEI in the capital market segment.
IFSCA proposes capital market intermediary regulations for IFSC
IANS -
As part of the process, the Authority has issued a consultation paper on the proposed Intermediaries Regulations and invited comments and suggestions on it by August 18, 2021.The proposed IFSCA (Capital Market Intermediaries) Regulations, 2021 (Intermediaries Regulations) provide for regulatory requirements in respect of registration, obligations and responsibilities.
Capital markets to play bigger role in funding economic growth: SEBI chief
IANS -
"Going forward, the capital markets are going to play a bigger role in funding the economic growth," he said. Addressing the 18th Annual Capital Markets Conference, organised by FICCI, Tyagi said that going forward the focus area for the SEBI will be on strengthening the robustness of capital markets. The SEBI chief said that the regulator has been active in the efforts to strengthen the market.
India sees VC investment fly through the roof during pandemic peak
IANS -
According to a KPMG report, the high level of VC investment during the period is driven not only by VC investors but also by more traditional funds feeling a sense of FOMO (fear of missing out), given the broad applicability of digital business models in the pandemic. India has also seen a growing range of fintech companies raising significant funding rounds during the quarter.
SEBI bars Allegro Capital, its CEO over insider trading in Biocon shares
IANS -
"Kunal Ashok Kashyap and M/s Allegro Capital Private Limited shall not buy, sell or otherwise deal in the securities market in any manner whatsoever or access the securities market, directly or indirectly, for a period of one year from the date of this order," it said. The market regulator has also imposed a penalty of Rs 10 lakh each on the investment advisory firm and its head.
RBI Guv calls for sustained policy support, stronger capital buffer by banks
IANS -
In his foreword to the Financial Stability Report for July 2021, Das said that while recovery is underway, new risks have emerged, including the still nascent and mending state of the upturn which is vulnerable to shocks and future waves of the pandemic. "Accordingly, sustained policy support accompanied by further fortification of capital and liquidity buffers by financial entities remain vital," Das said.
Equity markets need to be prepared for tighter monetary policies ahead
IANS -
A report by Kotak Institutional Equities noted that that global central banks will have to start preparing to exit the extraordinary amounts of stimulus as economies gather steam over the next few months. The pace of 'tapering' -- reduction in asset purchase -- and rate increases by central banks will depend on inflation.
SBI may need to raise only up to Rs 9K cr in capital in FY22
IANS -
Country's largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in current financial year (FY22). Official sources said that the bank is sitting with a sound capital adequacy ratio (CAR) of 13.74 per cent and expects loan growth to touch close to 9 per cent in FY22.
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