Search Result for : Stock Market

The Dollar Business Bureau The current fiscal's divestment target of Rs 45,500 crore is likely to be overshot due to strong equity markets. In alignment with PM Narendra Modi's motto of 'less government, more governance', the finance ministry has recently approved stake sale in two more PSUs. A good response to the most recent divestment proposals has emboldened the Centre's hopes of surpassing the set target for revenue from divestments by a few thousand crores. Gains from a better performing stock market have also translated into higher prices for the government's divestment bids. So far, in the current fiscal, the government has sold stake in four PSUs via the Offer for Sale (OFS) route. In April 2016, a 11.36% stake ...

The Dollar Business Bureau The Government, as a part of its Labour reforms, will present two major bills in the Parliament, related to wages and industrial relations in March for rationalisation and simplification of Labour Laws, said Bandaru Dattatreya, Minister of Labour and Employment. “Next week at the inter-ministerial meeting under the chairmanship of Finance Minister Arun Jaitely, we will take the final decision and after that we will go to the Cabinet. In the March (leg of Budget Session) both the bills would be introduced and I am hopeful it would be passed,” Dattatreya said, while speaking at the ASSOCHAM 96th Annual Function on Thursday in New Delhi. “All the 43 Labour Laws would be simplified and codified into 4 major ...

The Dollar Business Bureau In line with the industry’s earlier prediction following RBI Governor Raghuram Rajan’s surprise announcement of resignation bringing an end to his three-year term on September 4, foreign investors on Monday took out over Rs.3,700 crore from the Indian market, the highest single-day outflow so far during this financial year.   On the first trading session on Monday, foreign portfolio investors (FPIs) remained the major net sellers as they sold to the tune of Rs 2,837 crore in Indian markets on Monday's trade.  Life Insurance Corp. pumped in Rs.99 crore to buy shares of 6-7 bluechip firms. Its mutual funds also attracted heavy buyers with a net purchase of Rs. 459 crore worth-shares and debt securities worth Rs.1,215 crore during ...

The Dollar Business Bureau Showing optimism on India’s economy, foreign investors have invested nearly Rs.4,400 crore into the stock markets of the country so far this month, supported by the hopes of above normal monsoon. The investment comes after a huge inflow of over Rs.32,000 crore during the March-May period. Foreign Portfolio Investors (FPIs) became net purchasers of equities in the month of March after taking out a huge Rs.41,661 crore from the market in the preceding four months (from November to February). According to market experts,  the inflows are the result of positive sentiments by investors in the wake of robust macroeconomic data, positive earnings in the fourth quarter, some major government decisions and a prediction of good monsoon. In addition, investors ...

Sharath Chowdary With the changing dynamics  and increased volatility of exchange rates across the globe, currency prices fluctuate all the time and they are open to risk in the foreign exchange market just like any other financial market. While importing or exporting goods to other countries, the value of foreign currency may change and this may result in huge losses to companies.  Hedging is the best way to minimise the risk for trading companies and individual investors participating in the forex markets, Pratap Chandiramani, Head - Corporate Business (Currency Derivatives), Bombay Stock Exchange (BSE) told The Dollar Business. He was participating in a seminar on ‘Managing Currency and Commodity Risk’ organised by Karvy Stock Broking and Federation of Telangana and Andhra Pradesh Chambers ...

Steven Philip Warner | The Dollar Business   A deluge of frantic arguments and fickle narrations have of late been thrown on our desks and shown on the idiot-box in connection with two nations. One rigged-yet-popular, the other, loved-by-gods-yet-bullied-by-men. In the three weeks leading to July 8, 2015, stock markets in China blew up 14 Greeces in market value! So, let’s focus on a $7 trillion economy and push aside a debt-laden economy – one that accounts for less than 0.1% of India’s exports and 0.03% of imports – as another case of brazen idiocy on the part of its ‘eurosceptic’ political heads and subtle infatuation of both the Troika and Merkel with the ‘economic-nuke’ button. So, let’s talk China. China has been ...

The Dollar Business Bureau  The growth of Chinese economy in the first quarter of 2016 expanded at a much slower pace, ever since the sluggish phase was witnessed in 2009. However, the clouds of recovery in investments, factory activity and household spending appeared above the world’s most populated nation, due to the sanction of new credits.  The official report, on Friday, revealed that China’s GDP expanded at the rate of 6.7% in the first quarter, slightly down from 6.8% recorded in final quarter of 2015.  However, on the brighter side, the other factors like new loans, industrial outputs, retail sales and fixed assets investment hint that they have fared better than the forecast rates.  The analysts claim that data hints towards the improvement of ...

Foreign portfolio investors (FPIs) sold shares net Rs.2,788.57 crores during the week as per the SEBI's record including the provisional figure of February 12 Source: PTI The RBI fixed the reference rate for the US dollar at 68.4365 and the euro at 77.3606 from last weekends level of 67.6365 and 75.7326, respectively.   Markets continued to fall for the second conscutive week due to persistent selling from operators and investors on concerns over global economy and weak results from banks. Relentless selling in the stock market is coming from redemption pressures, margin calls, crude slumping to multi- year lows, depreciating rupee against dollar and disappointing earnings, said Gaurav Jain, Director of Hem Securities. Weak earnings from public and private sectors banks on account of higher ...