'On the weekly chart, the Nifty 50 index has formed a bearish candle and remains below all short-term moving averages.' Illustration: Dominic Xavier/Rediff.com   The relentless selling by foreign institutional investors (FIIs) across large, mid, and smallcaps has led to an over 10 per cent fall in the frontline benchmark indices of these three market segments from their peak levels hit earlier this year. If technical charts are to be believed, there is more pain ahead for the markets as ...

The sharp pullback in mid and smallcap stocks signals a cooling-off period in segments that previously attracted considerable investor interest. Illustration: Dominic Xavier/Rediff.com   Over two-thirds of stocks within the mid and small-cap basket of the National Stock Exchange have fallen into bear market territory amid a sustained decline in the equity markets. In other words, they have slipped 20 per cent or more from their 52-week highs. Of the approximately 1,020 stocks in these ...

After a brutal selloff since October, foreign portfolio investor (FPI) flows for the year-to-date (YTD) in 2024 have turned negative. Illustration: Uttam Ghosh/Rediff.com In early September, YTD FPI investments peaked at a record Rs 22,000 crore ($2.6 billion). This wave of selling has also pulled down benchmark indices, with the Nifty’s YTD returns declining to 11 per cent from their high of 21 per cent in September.   Three key factors have contributed to this shift in FPI trends: ...

Equity benchmark indices Sensex and Nifty slumped 1 per cent each on Tuesday due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends. Photograph: PTI Photo from the Rediff Archives The BSE benchmark Sensex tumbled 820.97 points or 1.03 per cent to settle at 78,675.18. During the day, it plunged 948.31 points or 1.19 per cent to 78,547.84. Falling for the third day running, the NSE Nifty tanked 257.85 points or 1.07 per cent to 23,883.45.   ...

China has stayed on top for two consecutive months in the MSCI Emerging Markets Investable Market Index (EM IMI), after ceding the position to India in August. Photograph: Toby Melville/Reuters At the end of October, China’s weight in the key EM gauge stood at 24.72 per cent, up from 21.58 per cent at the end of August. India’s weight during this period has slipped to 20.42 per cent from 22.27 per cent. The change in the pecking order comes amid a sharp rally in Chinese equities ...

'The problem is that the bubble may not only be in valuations, but also in investors' minds.' Illustration: Dominic Xavier/Rediff.com India's equity markets are currently polarised into small and midcap segments that exhibit bubble-like valuations, and other areas which offer comfortable valuations, chief investment officers of top mutual funds said at Business Standard's BFSI Insight Summit in Mumbai. They noted that although the markets have retreated from their peaks, earnings growth ...

Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Photograph: Francis Mascarenhas/Reuters Benchmark BSE Sensex declined by 55.47 points or 0.07 per cent to settle at 79,486.32. During the day, it tanked 424.42 points or 0.53 per cent to 79,117.37. The NSE Nifty dipped 51.15 points or 0.21 per cent to 24,148.20.   From the 30-share Sensex pack, Asian ...

If technical analysts are to be believed, the index has more room for a slide down to 72,000 levels in the worst-case scenario, wiping out all the gains made in 2024 so far. Kindly note the image has been posted only for representational purposes. Photograph: ANI Photo   The markets started November on a somber note with the S&P BSE Sensex slipping nearly 1,500 points in intraday deals to hit a low of 78,233 levels. If technical analysts are to be believed, the index has more room for ...

There has been a sharp slowdown in revenue and profit growth in the cement sector in recent quarters but it is yet to show in the share prices of cement companies. Kindly note the image has been published only for representational purposes. Photograph: Adnan Abidi/Reuters On the contrary, there has been a rally in cement stocks and a re-rating of their equity valuation in the past three years despite an earnings contraction during the period. The combined market capitalisation of 35 listed ...