Markets

Some companies even saw the foreign investors lowering there bets on them over a period of time (Photo: Bloomberg)
Some companies even saw the foreign investors lowering there bets on them over a period of time (Photo: Bloomberg)

Here are stocks investors avoided in 2019 so far, even at rock bottom pricing

  • Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governance
  • Cox & Kings turned out to be the biggest wealth destroyers

With most firms having order books of two-three times sales, timely asset monetization is the only road to stable growth. (Photo: Indranil Bhoumik/Mint)
With most firms having order books of two-three times sales, timely asset monetization is the only road to stable growth. (Photo: Indranil Bhoumik/Mint)

Infrastructure firms deleverage and unlock value via sale of road assets

  • The stake sale in projects under construction frees up cash, which can be utilized for future bids
  • Interest costs in 20 mid-sized listed firms in the infra segment rose sharply from 9.8% in Q4 FY19 to 16.2% in Q1 FY20

Reserve Bank of India is expected to cut interest rates yet again in October. (Photo: Indranil Bhoumik/Mint)
The spotlight is on 20 September, when the GST Council is to meet and the uncertainty on the rate cut would come to an end. (Photo: Mint)
India remains one of the most attractive markets for global investors, says analyst. (Photo: Mint)
During the last week, the Sensex advanced 403.22 points or 1.09%. (Photo: Hemant Mishra/Mint)
In 2017, as many as 36 firms mopped-up a record amount of over  ₹68,000 crore through initial share-sales. (Photo: iStock)
In 2017, as many as 36 firms mopped-up a record amount of over 68,000 crore through initial share-sales. (Photo: iStock)

IPO market sees a dry spell this year, only 11 companies hit bourses

  • In 2018, 24 companies made a debut in the bourses raising 30,959 crore
  • A total of 23 companies have approached Sebi for raising funds through IPOs in this year so far

During the last week, the Sensex advanced 403.22 points or 1.09%. (Photo: PTI)
Gold and silver prices: On MCX, gold prices ended at  ₹37,503 per 10 gram while silver at  ₹45,830 a kg
The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong (Photo: Reuters) (REUTERS)
The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong (Photo: Reuters) (REUTERS)

Hong Kong exchange vows to press on with $39-bn LSE bid after rebuff

  • The Hong Kong exchange said it would now hold more talks with LSE investors as it considers its next step
  • LSE said earlier on Friday, as it rebuffed the Hong Kong approach, that it was sticking with its $27-bn acquisition of data and analytics company Refinitiv

For the week, the NSE and BSE indexes posted gains of 1.18% and 1.09%, respectively (Photo: PTI)
For the week, the NSE and BSE indexes posted gains of 1.18% and 1.09%, respectively (Photo: PTI)

Sensex soars 281 pts, Nifty jumps 93 pts on rate cut hopes, firm global cues

  • Subdued inflation kept hopes alive for rate cut and positive vibes to support the auto sector lifted the markets
  • OMCs led gains on the blue-chip index, with Bharat Petroleum Corp closing up 6.34% and Indian Oil Corp ending 4.58% higher

WeWork has been under pressure for more cash due to its high burn rate (REUTERS)
Lemon Tree's stock has recovered more than 15% to about  ₹56. (AP)
INR vs USD: The rupee strengthened to one-month high of 70.86 a dollar at day's high (Bloomberg)
At 10 am, the Sensex was down 0.04% or 10.30 points at 37093.98 (PTI)
In the year so far, the rupee has weakened 1.7%
Gold, silver price today: On MCX, gold futures were trading around  ₹37,650 per 10 gram while silver prices at  ₹47,050 per kg.
India’s industrial production accelerated to 4.3% in July from a downward-revised 1.2% a month ago. (PTI)
Graphic by Santosh Sharma/Mint
Graphic by Naveen Kumar Saini/Mint