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This optimism is driven by government initiatives that support incremental capital expenditure, a revival in specific segments of the private sector, and a more favourable growth outlook in international markets. ....
Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process. Earlier, some investors had slammed ICICI Bank s plan to delist the subsidiary on the grounds that the conditions may not be in the best interests of public shareholders. ....
Jefferies said NBFCs with a higher share of unsecured consumer loans like SBI Cards (100%), Bajaj Finance (37%) & Aditya Birla Finance (21%) should be most affected by tighter capital norms. Large private banks will see higher impact due to higher share of unsecured loans, according to the brokerage. The impact on public sector banks will be a tad lesser than larger private banks, it said. ....
FPI purchases saw a sharp slowdown in the September quarter, as they net invested just Rs 21,900 crore or $2.6 billion in the secondary market, after pumping in Rs 1.02 lakh crore ($12 billion) in the preceding quarter, data by StockEdge showed. ....