Latest news with #URBhat
Time of India
7 hours ago
- Business
- Time of India
Telecom, services draw big FPI flows; IT faces selloff in late May
Mumbai: Telecom, services, capital goods and consumer goods were the top recipients of the foreign fund flows in the second-half of May, according to data from NSDL. Traditional heavyweights like banks and information technology sectors saw outflows in this period, when overseas fund managers resumed purchases of Indian equities after a pause. Telecommunications stocks received the highest inflow at ₹7,052 crore in the second-half of the month after Singapore's Singtel sold Bharti Airtel shares worth ₹12,880 crore in a bulk deal on May 16."Most of the foreign inflows in the telecom sector can be attributed to the deal," said UR Bhat, co-founder & director, Alphaniti. "The reduced competition with Vodafone Idea languishing, is also expected to benefit the other two players." In the second-half of the month, the fast moving consumer goods (FMCG) sector witnessed foreign inflows worth ₹1,872 crore after outflows worth ₹1,057 crore in the first-half of May. "Investors have possibly realised that the earlier sell-off in services and FMCG sectors was probably not warranted, as there has since been a pickup in rural demand," said Bhat. "This led foreign investors to realign their portfolios. The information technology sector witnessed the highest outflows worth ₹2,725 crore, after inflows worth ₹289 crore in the first-half. Divam Sharma, fund manager at Green Portfolio PMS, said that the business outlook for IT sector is impacted by geo-political realignment and the concerns in the US economy. 'There is a portfolio churn, and overseas investors are exiting sectors where valuations are expensive,' said Sharma. 'However, they are shying away from making aggressive bets as the uncertainty surrounding the US-China trade war continues to linger.' Foreign investors offloaded shares worth Rs 2,008 crore in the healthcare sector in the last 15 days of the month and divested shares worth over Rs 1,500 crore in the power, consumer services and automobile sectors
Time of India
11 hours ago
- Business
- Time of India
Telecom, services draw big FPI flows; IT faces selloff in late May
Mumbai: Telecom, services, capital goods and consumer goods were the top recipients of the foreign fund flows in the second-half of May, according to data from NSDL. Traditional heavyweights like banks and information technology sectors saw outflows in this period, when overseas fund managers resumed purchases of Indian equities after a pause. Telecommunications stocks received the highest inflow at ₹7,052 crore in the second-half of the month after Singapore's Singtel sold Bharti Airtel shares worth ₹12,880 crore in a bulk deal on May 16. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 'Swing is King': Mr. Hemant's Strategy Finally Explained in Free Session TradeWise Learn More Undo "Most of the foreign inflows in the telecom sector can be attributed to the deal," said UR Bhat, co-founder & director, Alphaniti. "The reduced competition with Vodafone Idea languishing, is also expected to benefit the other two players." Agencies In the second-half of the month, the fast moving consumer goods (FMCG) sector witnessed foreign inflows worth ₹1,872 crore after outflows worth ₹1,057 crore in the first-half of May. "Investors have possibly realised that the earlier sell-off in services and FMCG sectors was probably not warranted, as there has since been a pickup in rural demand," said Bhat. "This led foreign investors to realign their portfolios. Live Events The information technology sector witnessed the highest outflows worth ₹2,725 crore, after inflows worth ₹289 crore in the first-half. Divam Sharma, fund manager at Green Portfolio PMS, said that the business outlook for IT sector is impacted by geo-political realignment and the concerns in the US economy. 'There is a portfolio churn, and overseas investors are exiting sectors where valuations are expensive,' said Sharma. 'However, they are shying away from making aggressive bets as the uncertainty surrounding the US-China trade war continues to linger.' Foreign investors offloaded shares worth Rs 2,008 crore in the healthcare sector in the last 15 days of the month and divested shares worth over Rs 1,500 crore in the power, consumer services and automobile sectors
Economic Times
11 hours ago
- Business
- Economic Times
Telecom, services draw big FPI flows; IT faces selloff in late May
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Telecom, services, capital goods and consumer goods were the top recipients of the foreign fund flows in the second-half of May, according to data from NSDL. Traditional heavyweights like banks and information technology sectors saw outflows in this period, when overseas fund managers resumed purchases of Indian equities after a stocks received the highest inflow at ₹7,052 crore in the second-half of the month after Singapore's Singtel sold Bharti Airtel shares worth ₹12,880 crore in a bulk deal on May 16."Most of the foreign inflows in the telecom sector can be attributed to the deal," said UR Bhat, co-founder & director, Alphaniti. "The reduced competition with Vodafone Idea languishing, is also expected to benefit the other two players."In the second-half of the month, the fast moving consumer goods (FMCG) sector witnessed foreign inflows worth ₹1,872 crore after outflows worth ₹1,057 crore in the first-half of May."Investors have possibly realised that the earlier sell-off in services and FMCG sectors was probably not warranted, as there has since been a pickup in rural demand," said Bhat. "This led foreign investors to realign their information technology sector witnessed the highest outflows worth ₹2,725 crore, after inflows worth ₹289 crore in the Sharma, fund manager at Green Portfolio PMS, said that the business outlook for IT sector is impacted by geo-political realignment and the concerns in the US economy.'There is a portfolio churn, and overseas investors are exiting sectors where valuations are expensive,' said Sharma. 'However, they are shying away from making aggressive bets as the uncertainty surrounding the US-China trade war continues to linger.'Foreign investors offloaded shares worth Rs 2,008 crore in the healthcare sector in the last 15 days of the month and divested shares worth over Rs 1,500 crore in the power, consumer services and automobile sectors
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Business Standard
17-05-2025
- Business
- Business Standard
Moody's downgrade of US rating may not dent stock markets much: Analysts
Global financial markets may not react much to Moody's Ratings downgrade of United States' rating from AAA to Aa1, believe analysts, except for a knee-jerk reaction, if any. At the domestic level, Indian stock markets would be focussed more developments such as progress of monsoon, corporate results and economic data. Talks on tariff-related issues with the US will also impact sentiment. Moody's downgrade, they said, was more to get the rating in sync with Fitch and S&P, who have already downgraded US' ratings. While Fitch had downgraded the rating to AA+ from AAA in August 2023, S&P had lowered US' rating back in August 2011. 'I don't think there will be much reaction. US Treasury yields are likely to climb, but they already did so to some extent on Friday. Moody's Ratings development is more to get the agency in line with what the other rating agencies – Fitch and the S&P – already did long ago. Barring a knee-jerk reaction in the global financial markets, including India, I do not see this having much impact,' said UR Bhat, co-founder & director, Alphaniti Fintech. Meanwhile, the stable outlook, Moody's release said, reflects balanced risks at Aa1. The US, it believes, still retains exceptional credit strengths such as the size, resilience and dynamism of its economy and the role of the US dollar as global reserve currency. 'While recent months have been characterized by a degree of policy uncertainty, we expect that the US will continue its long history of very effective monetary policy led by an independent Federal Reserve. The stable outlook also takes into account institutional features, including the constitutional separation of powers among the three branches of government that contributes to policy effectiveness over time and is relatively insensitive to events over a short period,' Moody's said. On the economic front, Moody's expects federal deficits to widen, reaching nearly 9 per cent of GDP by 2035, up from 6.4 per cent in 2024, driven mainly by increased interest payments on debt, rising entitlement spending, and relatively low revenue generation. Ever since S&P reduced US' rating by one notch in August 2011, the S&P 500 index, said G Chokkalingam, founder and head of research at Equinomics Research, has moved up by nearly four-fold. The S&P 500 moved up 33 per cent after Fitch reduced the US credit rating by one notch in August 2023. This time, too, he believes, the US stock market would remain unaffected even in the short-term. He, too, expects a knee-jerk reaction on Monday, but it is unlikely to have any major adverse impact on the global financial markets. 'The US is taking a lot of measures to cut expenditure and is also keen to rejig taxes. Further, substantial measures in terms of tariffs on imports from all major economies would help it to improve economic growth, which in turn would reduce the debt-to-GDP ratio. Hence, this move is unlikely to have any long-lasting impact even in the short-term except possible knee jerk reactions on Monday,' Chokkalingam said.
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Business Standard
08-05-2025
- Business
- Business Standard
Can Sensex, Nifty crash and hit lower circuit as India, Pak tensions rise?
Indian markets are set to witness a gap-down opening on Friday as geopolitical tensions between India and Pakistan escalated post market hours on Thursday. The developments, analysts believe, can take the markets sharply lower on Friday, but they rule out the possibility of Sensex and the Nifty 50 indices hitting their respective lower circuit filters. 'The markets will see a major dent on Friday though a lower circuit at this stage is ruled out. The Nifty, in my opinion, will see a cut of over 500 points, and the Sensex could crash by nearly 2,500 – 3,000 points in case the geopolitical tension escalates with Pakistan. What can save the day for the markets is a formal statement from the authorities on the ground situation about the damage, which can possibly assuage investors. The uncertainty is creating more panic in the markets,' said Ambareesh Baliga, an independent market expert. Pakistan, the reports suggest, attempted to engage military sites in northern and western India — including Awantipura, Srinagar, Jammu, Amritsar, Ludhiana, and Bhuj — between May 7 and 8. The Pakistani offensive, involving drones and missiles, was thwarted. The geopolitical development took Gift Nifty lower by 1.3 per cent, or nearly 300 points at 10PM IST on Thursday to 23,900 levels. "What happens from here on the geopolitical front between India and Pakistan is anybody's guess. This uncertainty will keep the markets on tenterhooks and can take the Nifty down by another 5 per cent from the current levels despite what is happening in the global markets. India, Pakistan is a localised event as far as the other global cues are concerned," said U R Bhat, co-founder & director, Alphaniti Fintech. For the Nifty 50 index to hit the lower circuit, it has to fall 10 per cent to 21.846.20 levels on Friday. If this becomes a reality before 1 PM, then the trading will be halted for 45 minutes. If the 10 per cent lower circuit is hit between 1 PM and 2.30 PM, the trading will then be halted for 15 mins, and if the 10 per cent circuit is hit after 2.30 PM, it will not impact trading, as per the exchange rules. Key Nifty and Sensex levels to watch Nifty 15 per cent lower circuit at 20632.73 If the Nifty hits 15 per cent lower circuit before 1 PM then the trading will be halted for 1 hour & 45 mins. If 15 per cent circuit is hit between 1 PM - 2 PM, trading will be halted for 45 mins If 15 per cent circuit is hit after 2 PM, trading will be suspended for the remainder of the day. In case the Nifty hits the 20 per cent lower circuit (19419.04 levels) anytime during the day, trading will be suspended for the remainder of the day, stock exchange rules say. Nifty lower circuit levels; Source: NSE Similarly, for the Sensex, here are the key levels to track: 10 per cent - 72301.329 15 per cent - 68284.5885 20 per cent - 64267.848 "I do not think that the markets (Sensex and the Nifty 50) will hit their respective lower circuits tomorrow, but a sharp fall is expected. Among the lot, I expect the mid-and small-cap segments to be impacted the most. At an index level, both midcap and smallcap indexes can slip by around 5 per cent each, with select stocks from these segments suffering much deeper cuts of over 10 per cent," said G Chokkalingam, founder and head of research at Equinomics Research.
