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Even amid pullout, FIIs have raised their stake in certain companies

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2 years ago

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Foreign investors pulling out money from the Indian equity segment had made several headlines in the recent months.

Pulling out over $42 billion or Rs 3.26 lakh crore from the Indian markets in the last eight months, foreign investors have been net-sellers in the Indian market during these straight months.

FPIs have been selling across the board, though with some sectors seeing more pressure and some others less.

The underlying reason behind the pullout is that the stock market has been witnessing significant volatility amid tightening of monetary policy actions through key lending rates hike to address rising inflation and geopolitical tensions. Rising interest rates are typically a deterrent to economic growth as it raises lending costs of the industries.

That said, there are some large stocks where the foreign institutional investors have raised their stakes and they are ITC, Sun Pharma, ONGC, NTPC, PowerGrid and JSW Steel, said Sunil Damania, Chief Investment Officer at MarketsMojo.

FIIs’ stake in these companies rose 2 per cent, 0.9 per cent, 1.04 per cent, 0.2 per cent, 1.16 per cent, and 0.37 per cent, respectively, during the January-March quarter.

Besides, auto sector is doing well in this falling market and it’s quite likely stronger hands like FIIs too may be participating in this upmove and statistically, there are 3 stocks among Nifty 100 space where in last 4 quarters had consistent rise in foreign investors stake, said Siddarth Bhamre, Head of Research at Religare Broking,adding that those stocks are IOC, Siemens, and NTPC.

Asked if this is not the right time to invest in the stock market, which are the other safe asset options, Bhamre said equity always offers good investment opportunities in any market condition.

“As we highlighted above, many names among large cap spaces gave positive returns even in falling markets and these names are not from defensive sectors. In the current market scenario, only the dollar is doing well. Rising interest rates aka rising bond yields are taking bond prices down, commodities are correcting, real estate has liquidity issues, and prices are just stable not increasing, FD rates are still not attractive. So equity remains the asset class to be in but unlike the bull market not everything will go up and one will have to be very selective.”

In the small size company space, Globus Power, Kiri Industries, Restaurant Brand, Brightcom Group, Calcom Vision, Celebrity Fash, Axita Cotton, Lemon Tree Hotel, Indiabull Real Estate, and Camlin Fine are some of the stocks where FIIs raised their stakes, Damania said. Among them, Globus Power saw the highest rise in stake at 18 per cent.

“For investors who are not fully invested or who have raised cash in the recent past by booking profits, these times provide an opportunity to gradually raise the equity portion of their portfolio. While shortlisting investable stocks, one will have to be careful of not having exposure to sectors or stocks that have been derated due to very high valuations or very high financial forecasts that seem difficult to achieve,” said Deepak Jasani, Head of Retail Research at HDFC Securities, to a query on what must investors do amidst this volatility.

Also, stocks that did well due to commodity uprun over the last one odd year need to be examined closely for sustainability of earnings, while stocks that could see a feeble or elongated recovery also need to be avoided, he added.

Upon markets being in the negative territory, retail investors will refrain from making large new commitments in the markets except to average their holdings or to top up their equity portion in some favoured stocks, he said.

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New TVS Apache RR 310 Hits Indian Market at Rs 2.75 Lakh: All You Need to Know

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1 week ago

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September 17, 2024

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TVS has introduced the 2024 edition of its flagship Apache RR 310 in India, starting at Rs 2.75 lakh (ex-showroom). The updated model brings several enhancements, including segment-first aerodynamic winglets integrated into the side fairing, aimed at improving stability and performance.

The latest version of the TVS Apache RR 310 comes with a starting price of Rs 2.75 lakh (ex-showroom) for the Racing Red model. However, this variant does not include the bi-directional quick-shifter. For those looking to add this feature, it will cost approximately Rs 17,000 extra. The 2024 lineup also introduces a new Bomber Grey color option, priced at Rs 2.97 lakh (ex-showroom), offering a stylish and performance-focused upgrade.

The 2024 TVS Apache RR 310 retains its 312cc single-cylinder, liquid-cooled engine with a 6-speed gearbox, but now offers improved performance. The updated model produces 37 bhp at 9,800 rpm and 29 Nm of torque at 7,900 rpm. TVS also claims that it accelerates faster than before, shaving 0.43 seconds off its 0-100 km/h time, making it a more exciting choice for riders looking for speed and agility.

The 2024 TVS Apache RR 310 keeps its familiar trellis frame, supported by upside-down front forks and a rear monoshock for improved handling. Braking is handled by disc brakes. It also comes with a 5-inch TFT display that offers Bluetooth connectivity and navigation.

The updated electronics package includes new features like tyre pressure monitoring, cornering ABS, traction control, and cruise control. While the overall design remains similar, it gets refreshed decals and is available in three colours: Bomber Grey, Racing Red, and Race Replica.

TVS has introduced two performance kits for the new Apache RR 310: the Dynamic kit, priced at Rs 18,000, and the Dynamic Pro kit at Rs 16,000. The Dynamic kit enhances the bike’s handling with fully adjustable suspension, a tyre pressure monitoring system, and a brass-coated drive chain. The Dynamic Pro kit, meanwhile, focuses on safety and stability, offering race-tuned dynamic stability control for better on-road performance. These upgrades allow riders to customize their experience for both performance and safety.

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Jio network down: users are facing problems

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1 week ago

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September 17, 2024

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Some Jio users in Mumbai are experiencing network outages, causing the issue to trend on Twitter. According to reports on social media, the disruptions have affected specific areas in the city. One user claimed that the Reliance Jio IDC Data Centre caught fire, potentially causing service interruptions. The user tweeted, “Reliance Jio IDC Data Centre caught fire, some services down due to that.

The network of Reliance Jio, one of the leading telecom companies in India, has been down for the last 1 hour. So users are facing a lot of problems. Many have posted about this on social media and tagged Reliance Jio. Reliance Jio network is down since last 1 hour.

Due to this, many works of Jio users have been stopped. A user posted on X and informed that the Jio service has been shut down due to a fire in the IDC (data center). Repair work is going on here. The network will be restored soon. But Reliance Jio has not given any official information about this yet. Therefore, users are asking when the network will be restored.

Reliance Jio service has been discontinued. Most of the users have no signal in their mobiles. 20 percent reported internet connectivity disruption on Down detector. 14 percent people are facing problems in running Jio fiber. Reliance Jio’s website is also not working properly and users are unable to access the Jio app.

There are more than 10 thousand complaints on Downdetector around 12 noon. More outage issues have been reported from cities like Delhi, Lucknow and Mumbai. Users across the country are complaining about Jio service being down. Jio on X is also trending down. People are sharing memes for Jio.

Reliance Jio services have once again been suspended in many parts of the country. Today i.e. on 17th September it started from Mumbai, the financial capital of the country and now Jio is down in all the cities of the country. Earlier in May and June 2024 also, Jio services were suspended in Mumbai. Users are constantly complaining on social media about Jio being down but there is no concrete solution and assurance from the company yet.

Users on social media claim that Jio services have been suspended across Mumbai. There is a network problem for several hours. Many users have also complained about the broadband service. Outage tracker Downdetector has also confirmed Jio’s outage. According to Downdetector’s map, it has stopped in New Delhi, Lucknow, Nagpur, Cuttack, Hyderabad, Chennai, Patna, Ahmedabad, Kolkata, Guwahati.

More than 10 thousand people have complained on Downdetector in just 1 hour. On this site, 67 percent people complained about lack of signal, 20 percent about mobile internet and 14 percent about Jio Fiber.

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‘Take A Trip To Vietnam For Your iPhone 16’: X User Proposes Cost-Effective Way To Buy The Latest Apple Smartphone

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2 weeks ago

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September 10, 2024

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Apple recently launched its latest iPhone series, the iPhone 16 series. In addition, the company also launched the latest Apple Watch along with the latest version of Apple AirPods.

Trip To Vietnam For Apple

Apple products from time immemorial have been known for their exorbitant and sky-high pricing. Many have often made memes about having to sell their organs to be able to afford one of their iPhones.

Now, with the latest launch, and X user has found a way to cut corners by taking a trip.

According to the user, an aspiring iPhone buyer in India should take a trip to the East Asian nation of Vietnam to be able to get the new iPhone 16 at a cheaper rate.

However, the user also notes that these savings can only be made, if the buyer is intending to buy the advanced iPhone 16 Pro iPhone 16 Pro Max.

Savings Only iPhone 16 Pro

The user said, “Plan your #iPhone16 purchase with a trip to #Vietnam and spend the same amount you would be spending buying it here in India.”

In addition, the user also added, “But the savings work only if you are planning to buy the #iPhone16Pro or the #iPhone16ProMax”.

In addition, the user also surmised an instance of users travelling to the UAE an purchasing these phones.

According to the user, the Visa fees & fight rates don’t make Dubai that lucrative unless flying somewhere via UAE or planning for the #iPhone16ProMax only”.

As per the statistics produced by the user, the most expensive iPhone 16 Pro Max will cost an Indian buyer Rs 1,44,900 a piece. In Vietnam, however, it would cost a buyer Rs 1,18,992.

This marks a difference of Rs 25,908. Meanwhile, in the UAE, particularly in Dubai, the same phone would cost the buyer Rs 1,16,550, marking a difference of Rs 28,350.

The iPhone series will be available in India from September 20, with the pre-order for the phone starting on September 13.

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