Smallcap rout dents Indian equity volumes amid big block deals – Times of India

Share This Post

Equity trading volumes in India have fallen to the lowest level since December as the selloff in shares of smaller companies slows the rush of retail investors into the nation’s $4.3 trillion market, even as institutions snap up large deals.

image (29)

The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show.
Warnings from India’s securities regulator that small caps are overheating has sparked a pullback in local shares, with the gauge of such firms tumbling more than 6% this month. Individual investors, who typically drive cash volumes, are likely hold off on fresh purchases until the market stabilizes, keeping trading activity subdued.
“Retail investors were caught on the wrong side” and they tend to stay on the sidelines until a clear trend emerges, said Ashish Kyal, founder of Waves Strategy Advisors Pvt.
Despite the broader market downturn, appetite for large deals remains strong among institutions. Block trades have topped $7 billion this year, set for their best quarter in 14 years, the data show.



Source link

spot_img

Related Posts

UK inflation falls as meat and crumpet prices drop

It was still slightly higher than economists expected, and...

Rawalpindi weather update ahead of Pakistan-New Zealand T20Is – SUCH TV

The initial matches of Pakistan’s home T20I series...

Caitlin Clark becomes first pick in WNBA Draft in $17K dress

Caitlin Clark sported a a pricey Prada outfit for...

Telecom fights price caps as U.S. spends billions on internet access

AT&T, Charter, Comcast and Verizon are quietly trying to...

‘Ishq Murshid’ final ever episode out in cinemas on May 3 | The Express Tribune

According to local media and eagle-eyed fans who have...

Goldman Sachs reports earnings before market open — here’s what the Street expects

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's...
- Advertisement -spot_img