Stock Market Live Updates: Index Outlook: FPIs’ sell-off keeps the Sensex and Nifty 50 under pressure

Stock market updates: F&O Tracker: Data show bearish inclination 

Nifty 50 (24,964) and Bank Nifty (51,172) have posted a loss of 0.2 and 0.6 per cent respectively for the past week. Below is the analysis of the futures and options (F&O) data of both indices, and our suggestions on what traders should do.

Stock market updates: Mastering Derivatives: Are spreads preferable?

The SEBI circular issued on October 1 has made several changes to derivatives trading. Take the permitted lot size for index derivatives, which is currently fixed such that the contract value is between ₹5 lakh and ₹10 lakh. The revised contract value, which will take effect from November 20, will be between ₹10 lakh and ₹15 lakh. This week, we discuss the potential impact of the revision in contract value on trading strategies.

Stock market updates: Personal investing: How to identify your sell candidates 

Today, many seasoned investors are sounding the alarm that the Indian stock market is over-heated. As a long-term investor, you may also be looking to sell some shares to rebalance your portfolio to your preferred asset allocation, lock into unexpected gains or raise cash to capitalise on a future fall. 

Personal investing updates: Sundaram Home Finance deposits: Lock in for safer and stable returns

We are in the final phase of peak interest rates. Though the RBI maintained status quo for the 10th consecutive time, shifting its policy stance from withdrawal of accommodation to neutral could probably be a teaser for rate cuts in the succeeding meeting. And, for the attention of investors looking for stable fixed returns, the clock is ticking to lock in on these high interest rates before they begin to slide.

In this backdrop, the long-term deposits offered by Sundaram Home Finance make a compelling case to invest for those investors looking for safety coupled with fixed returns.

IPO Analysis: Hyundai IPO – Hop in for a long ride

​From being one of the earliest global corporations ​to invest big in the ‘India growth story’ much before the theme became the trend, and capturing the imaginations of millions of Indians with one of the most jazzy launches with the captivating Mr Kim-Shah Rukh commercials, to becoming India’s second-largest car manufacturer, Hyundai Motors India (HMIL) has made quite a strong imprint in India. It has continued its trend-setting tradition into the IPO markets as well, by launching the country’s largest IPO now. The IPO of HMIL will be open during October 15-17. The ₹27,870-crore offer for sale (no fresh issue) values the company at ₹1.59 lakh crore at a PE of 26.7 times Q1FY25 earnings, annualised. This is close to peer Maruti Suzuki’s valuation at 26 times FY25 earnings estimate.

Stock market updates: How NPS Tier 2 bond schemes outdo debt MFs

In the past couple of years, investing in fixed-income options has become challenging considering the taxation changes.

Specifically, debt mutual funds faced much heat as indexation benefits were removed and all gains are being added to investors’ income and taxed at the applicable slab.

Therefore, any additional returns generated become important for investors.

In this regard, Tier 2 debt schemes of the National Pension System (NPS) have managed to steal a march over some of their debt mutual fund counterparts, making it an alternative avenue for debt fund investors.

WATCH: Today’s Stock Recommendation: October 14, 2024

Here’s an interesting stock idea: The stock idea that we have for you today Motilal Oswal Financial Services. The stock has surged over 11 per cent last week recovering all the loss made in the previous two weeks. The outlook is bullish, and the momentum looks strong. We expect the share price to go up further in the coming days.

WATCH: Nifty and Bank Nifty Prediction for the week 14 Oct’24 to 18 Oct’24 by BL GURU

#Nifty and #NiftyBank index bounced back last week. But that bounce seems to lack strength. Strong Foreign Money outflows (#FPI) are weighing on the Indian markets. That can continue to keep the #Nifty under pressure for some more time. We see chances for some more fall from here before the indices begin a fresh leg of upmove

Stock market live today: Motilal Oswal launches Digital India Fund focused on tech and digital ecosystem growth

Motilal Oswal Asset Management Company (MOAMC) on Friday announced the launch of its latest fund offer, the Motilal Oswal Digital India Fund. 

The fund is an open-ended equity scheme investing in Digital Space, focusing on Technology, Telecom, Media, Entertainment, and other related ancillary sectors for investors who want long-term capital appreciation.

The NFO opened on October 11, 2024, and closes on October 25. Senior officials clarified that the funds mopped up through this NFO will be invested only in digital companies and not in IT services providers.

Stock market updates: Bigul unveils stock baskets feature for theme-based investing

Bigul, an innovative investment platform, has launched a new feature that allows investors to invest in a group of stocks based on specific themes.

Bigul Stock Baskets allow customers to select from several themes or sector-specific baskets curated by research analysts, enabling a streamlined and risk-mitigated investment experience.

The initiative simplifies the investment process, allowing users to easily initiate investments in their preferred sectors or themes, the platform said.

Debt market updates: Indian bonds show neutral to marginally attractive valuation compared to equity amid rate-cut cycle

Indian bonds currently appear neutral to slightly attractive compared to the equity market, as well as their own historical performance during previous rate-cutting cycles, highlighted a report by SBI Mutual Fund.

The report noted that with markets anticipating a softening of interest rates, bond yields are reflecting the possibility of future cuts. This shift in monetary policy has created a favourable environment for Indian bonds, particularly government bonds.

Stock market today: Nifty to deliver revenue growth of 4.5% in Q2 FY25, profit after tax to increase by 4.1%

As the earnings season begins and companies start reporting their financial results, the Nifty 50 index is projected to deliver a revenue growth of 4.5 per cent for the second quarter of the fiscal year 2025 (FY25), according to a report by Axis Securities.

The report noted that Nifty will achieve growth in revenue of 4.5 per cent, earnings before interest, taxes, depreciation and amortization (EBITDA) of 6 per cent, and profit after tax (PAT) of 4.1 per cent respectively, during the quarter.

Stock market live today: STT collection soars 86% between April 1 and October 10

As the stock market is witnessing huge volume, collection from Securities Transaction Tax (STT) surged 87 per cent within the first 193 days of the current fiscal as compared to corresponding period of last fiscal.

With this, it has achieved around 83 per cent of the budget estimates (BE) for FY25.

Currently, the expectation is that full-year collection will be much higher than BE.

Stock market updates: FPIs take out ₹58,711 crore from equities in October on geopolitical crisis, strong Chinese stocks

Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market.

The outflow came following a nine-month high investment of ₹57,724 crore in September.

Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing ₹34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.

Stock market live today: Mcap of seven of top-10 most valued firms erode by ₹1.22 lakh cr; TCS, Reliance biggest laggards

The combined market valuation of seven of the top-10 most valued firms eroded by ₹1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities.

Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.

Stock market live today: SEBI panel mulls new category of commodity funds

A SEBI-appointed committee is deliberating on whether mutual funds can launch a separate category of actively managed funds that invest fully in commodities via exchange traded commodity derivatives (ETCDs).

In 2019, SEBI had allowed MFs to participate in ETCDs, which are standardised agreements traded on regulated stock exchanges. For multi-assets schemes, the exposure to ETCDs was capped at 30 per cent of the net asset value of the scheme. The cap for other hybrid schemes was 10 per cent.