Free Investment Analysis on Equity Market

Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, helping to provide some support to Indian markets. On Tuesday, they bought shares worth nearly Rs 450 crore. Despite Sensex and Nifty losing over 6 per cent in August, investments into Indian mutual funds surged in August from July, signalling the continued retail support for equities despite a deteriorating outlook. Investments into equity mutual funds rose 63 per cent to Rs 9,625 crore last month from July, marking a 16th consecutive month of inflows.

India's L&T Metro Rail Hyderabad Ltd. plans to raise 2.50 billion rupees through an issue of bonds maturing in 20
years, three merchant bankers said. The company, a special purpose vehicle set up by Larsen & Toubro Ltd. for the Hyderabad rail project, is in talks with merchant bankers to set the coupon onthe bond issue.

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