14th Aug 2024- Indian Market updates
What caused the market to crash yesterday? (Market view)
- Reason 1:
New Covid variant "OMICRON" - Reason 2:
Overvalued Stocks
FII/FPI & DII Activity
| CATEGORY | BUY VALUE (₹ Cr.) | SELL VALUE (₹ Cr.) | NET VALUE (₹ Cr.) |
|---|---|---|---|
| DII | $9.1 | Other | Other |
| FII/FPI | $9.1 | Other | Other |
Stocks in F&O ban
No stocks are under the F&O ban for Tuesday, May 31.
Factors To Watch
| TICKER | PURPOSE |
|---|---|
| 8:30 am | Aurobindo Pharma management at 4Q earnings call. |
| 8:30 am | Government to release January-March and FY22 GDP data. |
INDIA'S TOP NEWS
The housing industry constitutes 25% of Chinese GDP.
Evergrande Group, China's second-largest housing firm, has failed to meet its offshore debt obligations, triggering a housing crisis.
The failure led to developers abandoning half-finished buildings, founders selling their stakes, and homebuyers defaulting on mortgage payments.
Housing loan defaults pose a significant risk of causing a banking crisis, as banks have lent $7.5 trillion, accounting for one-quarter of all bank loans, to the housing sector.
GLOBAL TOP STORIES
The housing industry constitutes 25% of Chinese GDP.
Evergrande Group, China's second-largest housing firm, has failed to meet its offshore debt obligations, triggering a housing crisis.
The failure led to developers abandoning half-finished buildings, founders selling their stakes, and homebuyers defaulting on mortgage payments.
Housing loan defaults pose a significant risk of causing a banking crisis, as banks have lent $7.5 trillion, accounting for one-quarter of all bank loans, to the housing sector.
STATE OF THE MARKETS
The housing industry constitutes 25% of Chinese GDP.
Evergrande Group, China's second-largest housing firm, has failed to meet its offshore debt obligations, triggering a housing crisis.
The failure led to developers abandoning half-finished buildings, founders selling their stakes, and homebuyers defaulting on mortgage payments.
Housing loan defaults pose a significant risk of causing a banking crisis, as banks have lent $7.5 trillion, accounting for one-quarter of all bank loans, to the housing sector.
Stocks In Focus
| Ticker | Reason |
|---|---|
| LIC: | State-run insurance giant Life Insurance Corporation (LIC) of India has reported a net profit of Rs 2,371.55 for the January-March quarter of the financial year 2021-22, down 18 per cent compared to the net profit of Rs 2,893 crore in the corresponding period of the previous fiscal. |
| Delhivery: | The logistics company on Monday reported marginal rise in net loss at Rs 120 crore for the fourth quarter ended March 31, 2022. The company had posted a loss of Rs 118 crore in the year-ago period. |