Latest Stock Market News

Deven Choksey , says that the Indian stock market is likely to see increased participation and support from domestic investors. He notes strong performances from FMCG, auto, and bank stocks, adding that Reliance has taken the market to new highs. On metal counters, Choksey says demand remains strong and margin protection should be back.

Deven Choksey , says that the Indian stock market is likely to see increased participation and support from domestic investors. He notes strong performances from FMCG, auto, and bank stocks, adding that Reliance has taken the market to new highs. On metal counters, Choksey says demand remains strong and margin protection should be back.

The traditional 60/40 investment strategy is facing difficulties due to the highest bond swings in more than ten years. Although such appalling events are not likely to occur again, some big names on Wall Street are proposing alternative diversification due to the volatility in debt markets. Traditionally well-respected 60/40 portfolios, holding 60% stocks and 40% bonds, underperformed last year and recent turbulence within bonds has made them less attractive for diversification purposes. The correlation between the assets is being tested.

For Kotak Mahindra Bank, the proportion of CASA deposits in total deposits fell to 52.8% from over 60% a year ago. Savings account deposits also declined 4% to ₹1.09 lakh crore from ₹1.14 lakh crore a year ago. For HDFC Bank, while time deposits expanded to ₹10.47 lakh crore of the overall deposits, the proportion of CASA deposits fell to 44.4% of the total deposits as on March 2023 versus 48.2% same period last year.

Nifty declined marginally since January, while markets like the US, Germany, France, Korea, and Japan have risen 10-16% in the period. Foreign portfolio investors (FPIs) have net sold shares worth Rs 14,156 crore this year after selling Rs 1. 50 lakh crore of equities in 2022. The underperformance of the Indian market followed a strong performance from 2020 until the middle of 2022.

Shares of Apollo Micro Systems, a company in the business of design, development and assembly of custom built electronics and electro-mechanical solutions, will trade ex-split on May 4. Shareholders holding the stock on this date will see holdings split in the proportion of 1:10. The company states that the purpose of the sub-division of 1 equity share of Rs 10 each into 10 equity shares of Rs 1 each is to facilitate the increase of liquidity of the stock in the market. The record date for the proposed split has been fixed as May 4, the eligibility of shareholders will be determined by this date

Indian equity markets, as well as the multi-commodity exchange, will remain closed on Monday due to Maharashtra Day. Analysts expect the current rally to continue as investors track fourth-quarter results and global trends. May has historically been a turbulent month, but data shows that investing in May has produced an average double-digit return 83% of the time by the end of the calendar year. The upcoming week is crucial with policy meetings from the US Fed and ECB and PMI data from the US, China, and India being keenly watched.

Indian markets closed on a strong note in April with the Nifty50 reclaiming the 17,900 levels. Founder and CEO of Alice Blue, Sidhavelayutham, stated that the momentum remains strong for banks and real estate, while suggesting that investors buy on dips as long as global cues remain optimistic. The Bank Nifty added 2,770 points, while the Nifty50 added 963 points in April, backed by FII buying in their favourite counters

Foreign portfolio investors (FPIs) invested Rs 11,630 crore ($1.55bn) in Indian equities in April, primarily driven by reasonable valuations and the appreciation in the rupee. However, concerns over elevated interest rates and weak economic indicators in the US led to dampened optimism, although inflows are expected to continue in the longer term due to stability in the Indian economy and reasonable valuations

Gold prices started strong amidst concerns over the US debt ceiling, however, it later weakened following signs of persistent inflation, US housing data and US economic data that raised stagflation fears. Meanwhile, the dollar index, US benchmark treasury yields and consumer spending rose, as investors looked to the upcoming FOMC meeting and ECB