India's stock markets have taken a sharp hit after SEBI's foreign investment KYC regulations and IL&FS mishap. Overall, markets consistently remained vulnerable to news flows and reacted sharply anything to bad ones. Overall, it is a type of market with sell on bad news and avoid buying on good news. News flows and reactions in markets are particularly focused on following 5 factors which would again will remain influencing factors for a while. We believe investors should stay cautious and watchful of following five factors. 1> Bond yields India's 10 year bond yield was hardening since the last one year which is unhealthy for stock markets, given that flows move to bonds and fixed income investments from low yielding high valuation stock markets. Difference between bond and earnings yields crossed the danger mark in February itself. However, it was ignored on account of high amount of liquidity flowed into mutual funds and HNI accounts ...
Internet giant and parent of Naukri, a job website, Info Edge (India) Ltd (Info Edge) has invested Rs 8.67 crore in Canvera Digital Technologies Pvt Ltd (Canvera), through its wholly-owned subsidiary. Canvera its step down subsidiary Canvera is a step down susbidiary of Info Edge. The transaction is arm's length, according to Info Edge. Canvera will issue 7,77,419 0.1% optionally convertible cumulative redeemable preference shares having a face value of Re 1 each at a premium of Rs 110.48. The aggregate shareholding of the company in the said entity would be 62.22% on fully converted and diluted basis. Canvera has a Pan India presence and is engaged in the business of providing photography related services to professional photographers/ channel partners/ consumers including online photographer classifieds, IT enabled design services, printed products like photobooks, calendars and prints using internet and soft ware.