Capital Market

Today's Technical report

The capital market plays an important role in mobilising the savings and diverting them in productive investment. It is a medium of transferring the financial resources from surplus and wasteful areas to deficit and productive areas meaning transfer of money or capital from those who have surplus money to those who are in need of investment thus increasing the productivity and prosperity of the country.

It deals in long-term loans. It supplies industry with fixed and working capital and finances medium-term and long-term borrowings of the central, state and local governments. The common instruments used in capital market are shares, debentures, bonds, mutual funds, public deposits etc. The funds which flow into the capital market come from individuals who have savings to invest, the merchant banks, the commercial banks and non-bank financial intermediaries, such as insurance companies, finance houses, unit trusts, investment trusts, venture capital, leasing finance, mutual funds, building societies, etc.

The capital market functions through the stock exchange. A stock exchange is a market which facilitates buying and selling of shares, stocks, bonds, securities and debentures. It is not only a market for old securities and shares but also for new issues of shares and securities. In fact, the capital market is related to the supply and demand for new capital, and the stock exchange facilitates such transactions.

Funds flow into the capital market from individuals and financial intermediaries which are absorbed by commerce, industry and government. It thus facilitates the movement of stream of capital to be used more productively and profitability to increases the national income. It prides incentives to savers in the form of interest, dividend or bonus and transfers funds to investors, thus leading to capital formation.

The capital market encourages economic growth by leading to the development of commerce and industry through the private and public sector. In an underdeveloped country where capital is scarce, the absence of a developed capital market is a greater hindrance to capital formation and economic growth.

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Indian Business News

Is silver the new gold? Key triggers to watch out for in precious metals

Sunday April 18, 2021

Positive data from key economies after a series of stimulus measures helped the world economy recover quickly, easing gold’s safe-haven demand recently.

Keep your investment strategy simple in these complex times

Sunday April 18, 2021

Around 80 per cent of India’s corporate profits come from the top 20 companies. Most of these blue chips in financial services, IT, oil & gas, FMCG and capital goods will continue to do well. So, it makes sense to remain invested. But since valuations are high, the broader market is likely to outperform, going forward.

Jaypee Infratech insolvency: lenders, homebuyers ask Suraksha group to improve bid

Sunday April 18, 2021

A Committee of Creditors (CoC) met on Saturday to discuss the revised bids of state-owned NBCC and Suraksha group for acquiring Jaypee Infratech through the insolvency process.

Trading in Coffee Day shares to resume from April 26

Sunday April 18, 2021

Earlier, trading in CDEL shares was suspended by the bourses for not complying with listing norms pertaining to submission of quarterly financial results.

Trading in debt-ridden Coffee Day shares to resume from April 26

Saturday April 17, 2021

Debt-ridden Coffee Day Enterprises Ltd (CDEL) on Saturday said trading in its shares would be resumed at BSE and NSE from April 26

ICICI Lombard Q4 profit rises 22.6% even as underwriting losses mount

Saturday April 17, 2021

The insurer recorded underwriting losses worth Rs 91.2 crore which were offset by Rs 419 crore net earnings made by the insurer through its investments. The impact of covid-19 on its health insurance book led to a combined ratio of 101.8% in the quarter.

US stops short of branding Vietnam, Switzerland currency manipulators

Saturday April 17, 2021

The Treasury report also said the COVID-19 crisis was likely to continue to affect current account positions over the next year

HDFC Bank Q4 takeaways: Asset quality steady, arm HDB’s health improves

Saturday April 17, 2021

The bank continued to deliver strong operating performance in the March quarter as pre-provision operating profit surged 20 per cent on-year against expectations of around 13-14 per cent growth.

Dalal Street week ahead: Nifty looks indecisive; the best thing to do is remain stock-specific

Saturday April 17, 2021

14,735 and 14,900 levels are likely to act as immediate resistance points, while supports will come in at 14,400 and 14,280 levels. Any violation of the 14,400 level will make the trading range wider than usual.

Pharma stocks momentum is not going to abate anytime soon

Saturday April 17, 2021

‘Pharma stocks would continue to show signs of gains. Largecaps are doing exceedingly well’

Nordic region, Bitcoin's green haven, is running out of surplus electricity

Saturday April 17, 2021

Clean Nordic power available for Nordic mining set to dwindle; electricity needed to mine Bitcoin surged 66-fold since 2015

HDFC Bank Q4 results: Net profit rises 18% YoY to Rs 8,186.5 crore, below Street estimates

Saturday April 17, 2021

Analysts had expected the bank to report a 23 per cent year-on-year rise in net profit to Rs. 8,550.3 crore and a near 12 per cent rise in net interest income to Rs 17,000 crore.

Glenmark Pharma arm files paperwork for IPO with market regulator

Saturday April 17, 2021

Glenmark Pharmaceuticals on Saturday said its wholly-owned arm Glenmark Life Sciences has filed paperwork to go public

Whistleblower Edward Snowden's NFT artwork sells for over $5.4 million

Saturday April 17, 2021

NFT stands for non-fungible token

Glenmark Life Sciences files papers for IPO with Sebi

Saturday April 17, 2021

The offer comprises fresh issue of up to Rs 1,160 crore and an offer for sale of up to 73,05,245 equity shares of Rs 2 each of Glenmark Life Sciences Ltd, by Glenmark Pharmaceuticals Ltd, the filing said.

Don’t judge a stock by its price! That’s one of Tillinghast’s stock-picking secrets

Saturday April 17, 2021

Tillinghast says investors should look for companies that dominate market niche and have low levels of debt. He feels investors should look for a distinctive brand that consumers trust and seek out and a business model that isn’t buffeted by the ups and downs of the economy.

Pandemic destroyed fewer US businesses than feared, Fed study shows

Saturday April 17, 2021

The figure contrasts with the early forecasts that the pandemic would leave America's "Main Street" desolate as well as with polls that continue to show large percentages of US small business owners are worried about their survival.

Credit Suisse sued over risk exposure to Greensill Capital, Archegos

Saturday April 17, 2021

The pension fund, City of St. Clair Shores Police & Fire Retirement System, based in St. Clair Shores, Michigan, filed the class action lawsuit in federal court in Manhattan, alleging violations of federal securities laws.

US repo market flirts with negative rates as Fed seeks to absorb excess cash

Saturday April 17, 2021

As short-term rates continued to approach negative levels, expectations are growing that the Fed may soon lift the rate it charges for the loans to nonbanks at its reverse repo window, currently at 0%, as well as the interest it pays banks for excess reserves (IOER), which is 0.10%.

ETMarkets Investors' Guide: Can Covid 2.0 trigger sharp earnings downgrades on D-St?

Saturday April 17, 2021

Oil nudges down but secures weekly gain on recovery hopes

Saturday April 17, 2021

Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel. The global benchmark finished up 6% on the week after rising in the past four sessions.

Glass half empty or half full? Ravi Dharamshi on how consumption stocks will fare

Saturday April 17, 2021

Some amount of positivity remains in liquor stocks in the consumption space

Will Covid second wave create a second chance to ride equity rally?

Saturday April 17, 2021

With the ongoing earnings season, market participants should not read much into India Inc’s numbers and should give more importance to the management commentaries, which will enhance future growth prospects amidst the second wave of Covid-19.

Everything rally reignites after bonds brush off ‘awesome’ data

Saturday April 17, 2021

The S&P 500 Index gained alongside 30-year Treasury bonds for a fourth straight week, the longest in-tandem rally since August 2008, according to data compiled by Bloomberg. The Nasdaq 100 Index also rose for a fourth week.

ELSS: What are income tax implications for switching from dividend option?

Saturday April 17, 2021

The investment made by switching from one plan of ELSS to other plan of ELSS is treated as fresh investments for tax purposes.

Wall Street Week Ahead: Tech retakes market lead as investors eye yields, earnings

Saturday April 17, 2021

Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index. Big tech-related growth stocks in other S&P 500 sectors such as Amazon Inc, Tesla Inc and Google-parent Alphabet Inc have also charged higher.

ARK buys another $64 mn in Coinbase shares, sells $99.5 mn of Tesla shares

Saturday April 17, 2021

ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s closing price of $342.

Is it the right time to invest in dynamic asset allocation funds?

Saturday April 17, 2021

What are Dynamic Asset Allocation Funds and why have they been gaining traction recently?

Brokerages maintain mixed views on Wipro post Q4 results

Saturday April 17, 2021

CLSA has maintained an ‘underperform’ rating on with a target price of Rs 450, revised up from Rs 440.

Mirae’s equity schemes may not figure in distributors’ recommended list

Saturday April 17, 2021

Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries.

Markets regulator fines two trading members in NSE co-location case

Friday April 16, 2021

There were allegations of preferential access to Tick-By-Tick (TBT) data feed being given by the exchange to certain trading members, following which Sebi probed the matter

Escorts Heart Institute receives Sebi notice in funds diversion case

Friday April 16, 2021

Fortis Healthcare on Friday said its subsidiary, EHIRCL, received the notice on April 15, 2021

Indices eke out slim gains, close lower for the week; Asian Paints up 3%

Friday April 16, 2021

A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said

Gold heads for second straight weekly gain as investors weigh US data

Friday April 16, 2021

The latest numbers from both countries show consumer spending boosting the recovery from the pandemic

Sebi fines individual for disclosure lapses in Gitanjali Gems case

Friday April 16, 2021

Securities and Exchange Board of India (Sebi) had conducted an examination in the scrip of Gitanjali Gems during May 31, 2017 to February 5, 2018.

Brave New World: Stock investment in last 5 months more than that in last 12 years

Friday April 16, 2021

The only important thing to look into the results season will be the management commentary regarding cost of labor and raw material.

Gold hits 7-week peak as retreating US yields boost appeal

Friday April 16, 2021

Spot gold jumped 0.9% to $1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 at $1,783.55. It is up over 2% so far this week.

Median age of new clients coming down, says Angel Broking CMD

Friday April 16, 2021

US bond, equity funds lure money inflows as bond yields drop

Friday April 16, 2021

According to Refinitiv data, US bond funds received an inflow of $10.2 billion, though it was about 30% less than in the previous week.

Lives vs livelihood tradeoff needs to be handled better: Manish Sabharwal, Teamlease

Friday April 16, 2021

Clean crude? Oil firms use offsets to claim green barrels

Friday April 16, 2021

Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms.

Global equity funds attract biggest inflow in three weeks: Lipper

Friday April 16, 2021

Investments in global equity funds rose to $16.4 billion this week, the biggest in three weeks, while bond funds also had inflows of about $16 billion, according to Refinitiv Lipper.

Hind Copper to use Rs 500 cr raised via QIP for capex: Arun Kumar Shukla

Friday April 16, 2021

US Fed's Waller says US economy is 'ready to rip'

Friday April 16, 2021

The US central bank slashed interest rates to near zero last year to bolster the economy as it was being hammered by the pandemic.

Oil holds near $67, heads for weekly gain on demand hopes

Friday April 16, 2021

Brent crude was down 8 cents, or 0.1%, at $66.86 a barrel at 1340 GMT. It was heading for a weekly gain of 6.2% after rising in the past four sessions. US West Texas Intermediate (WTI) crude fell 10 cents, or 0.2%, to $63.36.

Sebi slaps Rs 14 lakh fine on entities, individuals for violating takeover norms

Friday April 16, 2021

The penalised entities and individuals are IFL, Heena Developers Pvt Ltd, Anjana Gupta, Bharat Gupta and Kishan Gupta.

NSE-BSE bulk deals: Aspire Emerging Fund sells stake in GSS Infotech

Friday April 16, 2021

The fund also sold another 100,000 shares of the company at Rs 58 per share through a bulk deal on the BSE.

Crypto craze fuels dogecoin rise from joke token to $50 billion

Friday April 16, 2021

Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied roughly 180% Friday, according to CoinMarketCap.com, reaching a market value of more than $48 billion.

Sebi fines two trading members in NSE co-location case

Friday April 16, 2021

Fines of Rs 12 lakh and Rs 6 lakh have been imposed on CPR Capital Services and PRB Securities, respectively, Sebi said in two separate but similarly-worded orders on Friday.

Sebi issues guidelines for warehousing norms for agri, non-agri goods

Friday April 16, 2021

The guidelines, which will be the minimum requirements that will be prescribed by clearing corporations for warehousing service providers, are aimed at bringing uniformity, improve ease of doing business and rationalise regulatory compliance cost, among other aspects.

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