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Fundamentals strong but earnings growth uncertainty, elevated valuations seen capping upside
Market experts are cautious about the outlook of small-cap stocks going forward
In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23
The surge in IPO activity comes after a slowdown triggered by poor listings, weak demand, foreign portfolio investor (FPI) outflows, and earnings disappointments
Market players expect the pace to pick up in December with stability returning to the market and upcoming IPO launches.
Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks
After gaining as much as 1.6 per cent from the previous day's close, the Sensex slipped into negative territory, only to recover sharply once again
Kotak AMC CIO said investors should consider market's long-term behaviour and not focus only on strong returns of last four years
FPIs on Tuesday were net buyers worth Rs 3,665 crore, while domestic institutions sold shares worth Rs 251 crore
Sharper recovery driven by ongoing foreign selloff in largecaps
Relentless selling by FPIs, disappointing earnings growth during the second quarter, and a rising US dollar have taken the wind out of the sails for secondary share sales
After declining 494 points, or 0.6 per cent, in opening trade, the Sensex ended the session at 80,248, gaining 445 points, or 0.6 per cent
IT, auto stocks see steepest fall, 5 Adani group firms settle higher
Experts said the institutional flows on Monday was largely a one-off event due to MSCI buying and selling and not a change in trend
Although equity benchmarks ended their two-week losing streak last week, it was a turbulent period, exacerbated by escalating geopolitical tensions and the rout in Adani group stocks
Retail flows from Japan to India turn negative on a four-week basis
The stocks command a market capitalisation between Rs 5 560 crore and Rs 89,058 crore
Post Hindenburgh's allegation, the group's market capitalisation declined to Rs 6.8 trillion on February 27, 2023. But it recovered later
Benchmarks register third-best day of this year
Adani, others in $265 mn bribery case