Profit booking, global volatility to impact stock moves Accordingly, market observers, pointed out high possibility of profit booking led slide on the back premium valuations and likely absence of positive domestic triggers.
Taper talks, macro data among key factors that will drive market this week This week, the market momentum is likely to be decided by industrial output data. Concerns over production in the domestic auto sector due to chip shortage is likely to be a key driver for Dalal Street.
IPO listing scorecard in August: 5 winners and 5 losers Euphoric performance of IPOs during 2020 and in the first eight months of this year also had its fallout. Oversupply, fall in quality, and valuation, all these factors have resulted in a situation where not much money was left on the table for incoming investors. In turn, some of the listings were on a subdued note, according to analysts.
FPIs net buyers in Aug, invest Rs 986 cr in equities According to data from depositories, FPIs bought equities worth Rs 986 crore and invested Rs 13,494 crore in the debt segment between August 2-27. This translated into a total net investment of Rs 14,480 crore. In July, they were net sellers at Rs 7,273 crore. There is cautiousness among FPIs towards investing in Indian equity markets despite signs of economic recovery.