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    1. Business News
    2. Authors
    3. ruchit purohit

    Ruchit Purohit

    On Wednesday, the Fed hiked its benchmark rate by 75 basis points and said it is “strongly committed” to bring down inflation to 2%, indicating more hikes in upcoming meets.
    Longer-term outlook remains intact: FPI outflows to continue amid global uncertainty

    According to data available on Bloomberg, FPIs have sold Indian equities worth $25.3 billion so far in CY22, which surpasses…

    By Ruchit Purohit
    June 17, 2022 01:45 IST
    Strategies are being marketed with “claims” of huge return on investment along with “ratings” assigned to the strategies and claims that similar returns would be earned in the future,” Sebi said.
    Sebi cautions investors against dealing with unregulated algo-trading platforms

    However, these platforms are unregulated and thus there is no investor grievance redressal mechanism covering their activities, Sebi said on…

    By Ruchit Purohit
    June 11, 2022 01:45 IST
    According to the data released by Amfi, all the 11 categories in equity funds witnessed positive flows in May, with the large cap fund witnessing inflows of Rs 2,485.37 crore.
    Equity mutual funds inflows up 16% MoM in May, SIP contribution above Rs 12,000 crore

    In the hybrid category, arbitrage funds attracted inflows of Rs 1,007.37 crore and dynamic asset allocation witnessed inflows of Rs…

    By Ruchit Purohit
    June 10, 2022 00:15 IST
    BSE Sensex, Nifty 50, stock market
    Market shrugs off steep rate hike

    Among the rate-sensitive sectors, real estate stocks rallied after the RBI doubled the amount that cooperative banks can lend to…

    By Yoosef KP
    June 9, 2022 00:00 IST
    Mutual fund staff to come back to office from June 10

    The culture of work from home amid the pandemic has affected the controls and surveillance measures to capture such actions.

    By Ruchit Purohit
    May 27, 2022 04:00 IST
    sebi pic
    Sebi issues Rs 3.12 crore demand notice to Chitra Ramkrishna

    “A sum of Rs 3,12,01,000/- (Rupees Three Crore Twelve Lakh One Thousand only) along with further interest, all costs, charges…

    By Ruchit Purohit
    May 25, 2022 08:24 IST
    Delhivery shares jump 10.3% in debut trade

    Investors lapped up shares of the logistics player in the secondary market, leading to a jump in the stock price…

    By Ruchit Purohit
    May 25, 2022 03:50 IST
    Among the Sensex stocks, Tata Steel was a top laggard and contributed the most to the fall as it declined 12.53% on Monday, its worst single-day fall since August 2015.
    Benchmarks sink after investors dump steel stocks

    With Monday’s fall, domestic markets have fallen about 5% so far in May, posting losses in 11 out of 15…

    By Ruchit Purohit
    May 24, 2022 03:50 IST
    Stocks rebound sharply to reclaim Thursday’s losses

    Stocks rebounded sharply on Friday and logged their biggest single-day gain since February 15.

    By Ruchit Purohit
    May 21, 2022 05:00 IST
    Stocks plunge as Wall Street rout triggers global meltdown

    US stocks nosedive on renewed fears of scorching inflation crimping economic recovery.

    By Ruchit Purohit
    May 20, 2022 00:00 IST
    Gautam Duggad, Head, Research, Institutional Equities, Motilal Oswal, believes valuations are now in the fair value zone and earnings would decide how they move. “Rising rates and monetary tightening will be headwinds and any correction in commodity costs and inflation would be a tailwind," Duggad said.
    Equity valuations remain pricey despite corrections: India P/E multiples down but still more than peers

    However, the multiple is higher compared with 16.4 times for the Jakarta Composite, 11.6 times for the Taiwan TAIEX and…

    By Ruchit Purohit
    May 19, 2022 04:00 IST
    The uncertainty in the markets was the main reason for the decline, LIC said. MR Kumar, Chairman, LIC, said, "We were not expecting a big listing as markets were jittery. It (stock price) will pick up as we go along." He further added that policyholders who have missed out on allotment during the initial share sale will pick up the shares now.
    LIC makes weak market debut, stock falls 7.8%

    The insurer’s shares made a day’s high of Rs 920 on the BSE and the day’s low was Rs 860.10…

    By Ruchit Purohit
    May 18, 2022 04:15 IST
    Despite the sharp selling in the markets and volatility across global markets the issue has been subscribed almost three (2.95) times. Overall proceeds from the IPO make up about a third of the government's Rs 65,000 crore disinvestment target for the current fiscal.
    LIC shares to list on exchanges today: LIC’s listing will broaden investible universe, say analysts

    LIC will play on the growth story of the under-penetrated insurance industry. The stock movement will also depend on the…

    By Ruchit Purohit
    May 17, 2022 01:30 IST
    The issuer would be required to file an updated DRHP (UDRHP -I) – which shall be made available to the public. The issuer and LMs (lead managers to the issue) can undertake marketing of the issue only after the filing of the UDRHP-I.
    Sebi mulls confidential ‘pre-filing’ of IPO documents

    In the discussion paper, Sebi said pre-filing of documents would be done confidentially with the regulator and the exchanges, and…

    By Ruchit Purohit
    May 12, 2022 06:15 IST
    The monthly SIP (systematic investment plan) contribution, too, witnessed a decline in April at Rs 11,863.09 crore against Rs 12,327.9 crore in the previous month. However, the number of SIP accounts stood at an all-time high in April at 53.9 million against the previous high of 52.7 million scaled in March this year.
    Equity mutual fund inflows at Rs 15,890 crore in April, SIP contribution dips

    According to the data, all 11 categories in the equity funds witnessed positive flows during the month. Sectoral/thematic funds saw…

    By Ruchit Purohit
    May 11, 2022 06:00 IST
    Allotment of shares will be finalised on May 12 and the insurer will list on the exchanges on May 17.
    LIC IPO subscribed 2.9x on final day, issue attracts bids worth Rs 43,931 crore

    The IPO received bids for 478 million equity shares against 162 million shares on offer. Prior to the offer, LIC…

    By Ruchit Purohit
    May 10, 2022 04:45 IST
    Demand from qualified institutional buyers and non-institutional investors continued to remain tepid. According to data available on the exchanges, NIIs bid for 76% of the total shares reserved, while the quota for QIBs was subscribed 56% so far.
    LIC IPO subscribed 1.38x on Day 3; grey market premium declines by nearly 50%

    Policyholders and employees have reposed faith in the company by betting big on the issue. The portion set aside for…

    By Ruchit Purohit
    May 7, 2022 02:45 IST
    Among Sensex stocks, Bajaj Finance and Axis Bank were the top losers, falling 4.9% and 4.1%, respectively. Overall, on the BSE, out of the 3,460 stocks traded, 2,616 declined on Friday.
    Sensex plunges 867 points on global headwinds, equity benchmarks see massive sell-off

    Prior to this, the US Federal Reserve raised interest rates by 50 bps, which is the highest in 22 years,…

    By Ruchit Purohit
    May 7, 2022 00:05 IST
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