Markets

Bulls out of steam, it’s slow & steady on D-Street

• Foreign portfolio investors withdrew significant funds from Indian equities
• Domestic mutual fund inflows helped cushion market losses
• FPI selling pressures Indian equities, while domestic mutual funds provide a counterweight

Stock selection key as earnings and valuation gaps widen: Tata MF’s Chandraprakash Padiyar

ETMarkets Smart Talk | US bonds offer attractive yields again: Nachiketa Sawrikar on the challenge for Indian equities

• US bonds are again offering attractive yields
• Sawrikar says the Fed rate hike may be largely priced in
• Higher US yields can pressure Indian equities, particularly richly valued stocks

Dubai is an important market for us, says SBI Funds’ MD & CEO Debasish Mishra

• SBI Funds Management is expanding into overseas hubs such as Dubai and deeper Indian markets
• SBI’s expansion may support its asset-management business and SBI’s financial-services exposure

ETMarkets PMS Talk | The biggest de-rating warning? When market expectations outrun business reality: Swati Khemani

• Swati Khemani called de-rating the “other side of alpha” and an underappreciated investment risk

Street signs: Slump in domestic flows adds to largecap woes, and more

• Active largecap funds saw outflows as Nifty 50 approached oversold territory
• IPO launches continued, but issue sizes were set to shrink
• Fund outflows and smaller IPOs point to softer domestic demand for Indian equities

Equity mutual funds lose up to 13% in a week; sectoral and thematic funds lead the decline. Check top 10 losers

• Equity mutual funds fell by up to 13% last week
• Sectoral and thematic funds led weekly losses