GAGA Share Market News

[hfe_template id='11223'] [ad_1] The markets consolidated throughout the past week; the week was a shortened one with Monday, June 17, being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend remained practically absent. The volatility also did not change much as compared to last week. The India Vix inched higher by just 2.79% to 13.18 on a weekly basis. The weekly trading range for the Nifty too remained much capped. The index oscillated in just 268.90 points range before posting a negligible weekly gain of 35.50 points (+0.15%). The coming week is an expiry week for the monthly derivative series. Besides this, over the past sessions, the markets are exhibiting clear signs of fatigue. It has frequently formed weak candles on the daily chart raising possibilities of it taking a breather and showing some measured corrective retracemen...

[hfe_template id='11223'] [ad_1] Despite Indian benchmark indices ending with strong gains this week, foreign portfolio investors (FPIs) have remained unenthusiastic in June so far, off-loading Indian equities worth Rs 14,794 crore. In 2024 year-to-date, FPIs have off-loaded stocks worth Rs 38,158 crore. FPIs continued the trends in June from May and April, in which they sold shares worth Rs 34,257 crore, even as the domestic institutional investors came to the rescue of the markets and remained on the buying side. On Friday, foreign portfolio investors/FIIs were net buyers though, purchasing shares worth Rs 4,391.02 crore while the domestic institutional investors (DIIs) sold shares worth Rs 1,289.75 crore. "In the cash market the selling has been excessive and sustained. For CY2024, so far, FPIs have sold equity for Rs 23,363 crore. A significant trend in the FPI activity is the huge selling through exchanges and buying through the primary market route," V K ...

[hfe_template id='11223'] [ad_1] India’s top money managers, overseeing nearly $120 billion of equity assets, are now favoring shares of large firms with strong fundamentals as this week’s election upset dims the appeal of past winners with sky-high valuations. Stock pickers at ICICI Prudential Asset Management Co. and HDFC Asset Management Co. are turning wary of small-caps and stocks that look overheated, such as industrials, defense and state-run companies. Nippon Life India Asset Management Ltd. is leaning toward larger companies that are trading at attractive valuations. It’s been a turbulent week for Indian equities. After an initial surge Monday on the back of exit polls signaling a sweeping majority for Prime Minister Narendra Modi, markets crashed a day later erasing almost $400 billion of value as his party lost its majority in parliament. While shares have recovered most of their losses after Modi won backing from key allies to form a government, stocks that a...

[hfe_template id='11223'] [ad_1] Investors poured money into exchange-traded funds that buy stocks of Indian companies, powering one of the year’s most popular trades yet again as recent exit polls predict Prime Minister Narendra Modi will win a third term on Tuesday. India recorded the biggest inflow across emerging markets for the week ended May 31 — of $307.5 million — led by iShares MSCI India ETF (ticker INDA). While the fund garnered $192.9 million, the WisdomTree India Earnings Fund (EPI) pulled in $82.6 million.The South Asian nation will announce election results Tuesday, though markets already expect Modi, a more market-friendly politician, to secure a third-term victory. Exit polls released Saturday predicted a landslide victory for Modi’s Bharatiya Janata Party and its allies. If Modi secures another win, markets expect the government to push through policies that could further boost India’s economic growth, which is already among the world’s fastest, said As...