14 Aug 2023

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.

Important Links