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Portfolios of most crypto investors who entered the ecosystem post 2021 are in the red.

Selling by foreign institutional investors have kept the market under pressure. As per latest data available, they have already withdrawn Rs 25,216 crore from equities so far in May. Going by the trend, this may continue going forward as well.

Rajat Sharma on ITC, LIC IPO and state of the market

Updated at : 2022-05-15 10:50:02

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“It makes sense for retail investors to sell it if they get a listing at a premium. Having said that, if you do get the company to list at a premium, you should sell it and get out of it. If you do not, then the company opens at a discount and you should be thinking about why you wanted to apply for this in the first place. ”

“Inflation is a function of multiple variables and a major component is fuel-led inflation and also the edible oil-led inflation both of which are essentially on account of the imports which we are having. Going forward, how these two very important factors behave will probably give the trajectory for inflation.”

Smaller investors are expected to ride out any early price swoon, which is likely given that the so-called “gray market” is indicating that LIC shares may slip Rs 30 from their IPO price of Rs 949.

Wall Street rallies, weekly losing streak continues

Updated at : 2022-05-15 09:25:02

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Gains were led by a rebound in megacap tech and tech-adjacent stocks, which sold off in recent sessions as benchmark Treasury yields climbed and investors worried the Fed might hike interest rates more aggressively than expected.

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Just like one would start assessing the viability of any business idea, the evaluation of an IPO-bound company begins with understanding the products/services offered by the business, the competitive landscape, and the growth prospects of the business.

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MSCI has added four stocks to its Global Standard index, namely Tata Elxsi, Adani Power, Jindal Steel & Power and AU Small Finance Bank. Tata Elxsi is likely to see flows of $188 million, followed by $150 million each in Adani Power and Jindal Steel & Power, Edelweiss said in a note.

​The consolidated revenue for the food & grocery retailer rose 18.53 per cent YoY to Rs 8,786 crore in the March quarter compared with Rs 7,412 crore in the corresponding quarter last year.

Two stock ideas for next week by Nooresh Merani

Updated at : 2022-05-14 17:25:02

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"We have been oversold for some time now, and around that area, we are continuing to see selling pressure on any bouncebacks. But if you look at the markets globally, we saw a good recovery. So, we are setting off for a big bounce going forward."

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