Latest news with #SundarSethuraman
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Business Standard
08-06-2025
- Business
- Business Standard
Street signs: Nifty 50 on blade's edge, Swiggy's oven is hot, and more
The market rebound from April lows has turned attention to capital market-linked stocks. BSE, Central Depository Services, and DAM Capital Advisors have each jumped over 30 per cent in the past month Samie Modak Sundar Sethuraman Listen to This Article Nifty 50 on blade's edge: Breakout or breakdown? The Nifty 50 index rose 1 per cent last week, closing at 25,003, but trailed emerging market (EM) peers as the MSCI EM Index climbed over 2 per cent. Trading above its 20-day simple moving average (SMA) of 24,800, the index has remained in a consolidation range for several weeks. Analysts say a breakout above 25,100 could lift the index to 25,400–25,500, reinforcing its upward trend. A slip below 24,800, however, could sour sentiment, potentially pushing the index to retest 24,500. 'The 20-day SMA at 24,800 is a key marker. Holding above
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Business Standard
05-06-2025
- Business
- Business Standard
Telecom rings in highest FPI flows in May, shows Prime Infobase data
Stocks in the services and capital goods space attracted investments of ₹6,210 crore and ₹3,094 crore Sundar Sethuraman Mumbai Listen to This Article The last fortnight of May saw foreign portfolio investors (FPIs) inject ₹6,989 crore into the domestic equities, driven by optimism around the India-Pakistan ceasefire, hopes of a potential United States (US) trade deal and a surge in block deals. According to the data from Prime Infobase, FPIs invested ₹7,052 crore in telecom, mostly due to the rising subscriber base, and potential tariff hikes. Stocks in the services and capital goods space attracted investments of ₹6,210 crore and ₹3,094 crore, respectively. 'The telecom sector is a growth story both in terms of subscriber base and potential for tariff hikes,' Chokkalingam G, founder,
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Business Standard
03-06-2025
- Business
- Business Standard
Flawed to say domestic flows alone inflate India's valuations: Ridham Desai
Samie Modak Sundar Sethuraman Mumbai Listen to This Article The domestic markets have traded at a premium to emerging market (EM) peers long before the domestic investment boom, says Ridham Desai, managing director and chief India equity strategist, Morgan Stanley India. In an interview with Samie Modak and Sundar Sethuraman in Mumbai ahead of Morgan Stanley's annual India Investment Forum, Desai said sustained foreign portfolio investor (FPI) flows will depend on India maintaining its appeal as a stable and high-return market. Edited excerpts: What has driven the Indian stock market's sharp rebound from the April lows? The market's recovery can be assigned to three factors.
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Business Standard
30-05-2025
- Business
- Business Standard
Cash market turnover hits 8-month high in May on market recovery
Equity cash volumes rose 9% month-on-month to ₹1.16 trillion in May, lifted by a rally in mid and small-cap stocks; F&O volumes declined due to tighter norms Sundar Sethuraman Mumbai Listen to This Article Cash volumes surged to an eight-month high in May, driven by a broad-based recovery in equity markets. The average daily trading volume for the cash segment, combining the NSE and BSE, increased by 11 per cent from the previous month, reaching Rs 1.19 trillion. This is the highest level since September 2024, when it peaked at Rs 1.3 trillion but still 28 per cent below the peak of Rs 1.65 trillion in June 2024. According to experts, the surge in cash market volumes is driven by two key factors: a rise in underlying stock values and improved investor sentiment.
Business Standard
26-05-2025
- Business
- Business Standard
Foreign flows inch up in May despite volatility and global uncertainty
May FPI inflows into Indian equities hit ₹14,256 crore, the highest in 8 months, supported by easing US trade tensions and de-escalation along India-Pakistan border Sundar Sethuraman Mumbai Listen to This Article Despite headwinds, such as cross-border tensions with Pakistan and elevated US bond yields, May has emerged as the best month for foreign portfolio investor (FPI) flows in eight months. So far this month, FPIs have been net buyers of Rs 14,256 crore, the highest since September 2024. The positive trend has been bolstered by the India-Pakistan ceasefire, prospects of a US trade deal, and a surge in block deals. Moreover, the US dollar's decline against global currencies has boosted foreign investments in emerging markets (EMs), with Taiwan and Brazil attracting more inflows than India. "Markets stabilised after the initial knee-jerk
