The IT and ITeS sector emerged as the leader in terms of value and volume during the period, said PwC MoneyTree India, a quarterly study, based on data provided by Venture Intelligence.
‘The fourth quarter of last year (Q4 2013) proved to be an exciting quarter for PE investment with total flows exceeding $2 billion, the first time since post Q4 2007,’ PwC Private Equity leader Sanjeev Krishan said.
Investment value witnessed a surge both in terms of quarter-on-quarter basis and year-on-year basis. On a quarter-on-quarter basis investments value was up by about 19 per cent, while compared to the same period last year (Q4 2012) there was an increase of 74 per cent in deal value.
‘Whilst it is difficult to attribute any one specific reason for this sudden surge in deals, it just proved the point that investors, whilst closely watching the run-up to the elections, remain cautiously positive about the investment thesis for India,’ Krishan said.
A sector-wise analysis shows that with 37 deals worth $959 million in Q4 2013, the IT and ITeS sector emerged as the leader in terms of value and volume of transactions. ‘With the US market showing signs of recovery and with the increased attractiveness in the e-commerce space in India, there were not only an increased number of deals compared to the previous quarter, but also a substantial jump in the value,’ PwC Technology leader Sandeep Ladda said.
The healthcare and life sciences sector witnessed almost four times increase in deal value, from $191 million in the previous quarter (Q3 2013) to $729 million in Q4 2013. The BFSI sector ranked third in terms of value and volume. The sector witnessed investments worth $88 million from five deals.
Sensex at fresh 1-month high of 20,852
Mumbai: The BSE benchmark Sensex gained 41 points on Tuesday to settle at a fresh one-month high of 20,852.47 on buying in IT, capital goods and FMCG stocks, extending the winning streak to the third day. IT major Wipro was the biggest Sensex gainer at 2.95 per cent, followed by Bajaj Auto at 2.14 per cent.
IT stocks were in demand with Infosys trading near its all-time high level of Rs 3,782 apiece, traders said. Markets may remain volatile in the coming few days ahead of Futures and Options expiry on Thursday, they said.
After resuming higher, the Sensex touched day's high of 20,912.54 but settled at 20,852.47, a rise of 41.03 points from its last close. It has gained 315.83 points or 1.54 per cent in the last three trading days. The 50-share Nifty on NSE also firmed up by 13.95 points or 0.23 per cent to finish at 6,200.05.
Bhel at 1.92 per cent, Cipla 1.90 at per cent, Bharti Airtel at 1.57 per cent Hindalco Industries and 1.39 per cent were some other big Sensex gainers. Among the sectoral indices, consumer durables was the top gainer, up by 2.98 per cent, followed by IT and Technology, up by more than 0.80 per cent each. Auto and capital goods were up by over half a per cent each. Metal was the top loser, down by 1.85 per cent.
Jignesh Chaudhary, Head of Research, Veracity Broking Services, said it was a mixed day of trading which started on a positive note, but slipped to the negative terrain. It recovered from day's low to close on a positive note towards the end of the trading session. ‘There was selling pressure ahead of the expiry which created some stress,’ he added.
Rupee up 13 paise to 1-week high of 61.94 per $
Mumbai: The rupee on Tuesday gained 13 paise to settle at one-week high of 61.94 against the US dollar amid positive stock markets and signs of continued capital inflows. The rupee was aided by sustained dollar selling by exporters, weak dollar overseas ahead of the release of U S consumer confidence and home price data later in the day. The dollar index was down by 0.12 per cent against the basket of six major global currencies.
‘The fourth quarter of last year (Q4 2013) proved to be an exciting quarter for PE investment with total flows exceeding $2 billion, the first time since post Q4 2007,’ PwC Private Equity leader Sanjeev Krishan said.
Investment value witnessed a surge both in terms of quarter-on-quarter basis and year-on-year basis. On a quarter-on-quarter basis investments value was up by about 19 per cent, while compared to the same period last year (Q4 2012) there was an increase of 74 per cent in deal value.
‘Whilst it is difficult to attribute any one specific reason for this sudden surge in deals, it just proved the point that investors, whilst closely watching the run-up to the elections, remain cautiously positive about the investment thesis for India,’ Krishan said.
A sector-wise analysis shows that with 37 deals worth $959 million in Q4 2013, the IT and ITeS sector emerged as the leader in terms of value and volume of transactions. ‘With the US market showing signs of recovery and with the increased attractiveness in the e-commerce space in India, there were not only an increased number of deals compared to the previous quarter, but also a substantial jump in the value,’ PwC Technology leader Sandeep Ladda said.
The healthcare and life sciences sector witnessed almost four times increase in deal value, from $191 million in the previous quarter (Q3 2013) to $729 million in Q4 2013. The BFSI sector ranked third in terms of value and volume. The sector witnessed investments worth $88 million from five deals.
Sensex at fresh 1-month high of 20,852
Mumbai: The BSE benchmark Sensex gained 41 points on Tuesday to settle at a fresh one-month high of 20,852.47 on buying in IT, capital goods and FMCG stocks, extending the winning streak to the third day. IT major Wipro was the biggest Sensex gainer at 2.95 per cent, followed by Bajaj Auto at 2.14 per cent.
IT stocks were in demand with Infosys trading near its all-time high level of Rs 3,782 apiece, traders said. Markets may remain volatile in the coming few days ahead of Futures and Options expiry on Thursday, they said.
After resuming higher, the Sensex touched day's high of 20,912.54 but settled at 20,852.47, a rise of 41.03 points from its last close. It has gained 315.83 points or 1.54 per cent in the last three trading days. The 50-share Nifty on NSE also firmed up by 13.95 points or 0.23 per cent to finish at 6,200.05.
Bhel at 1.92 per cent, Cipla 1.90 at per cent, Bharti Airtel at 1.57 per cent Hindalco Industries and 1.39 per cent were some other big Sensex gainers. Among the sectoral indices, consumer durables was the top gainer, up by 2.98 per cent, followed by IT and Technology, up by more than 0.80 per cent each. Auto and capital goods were up by over half a per cent each. Metal was the top loser, down by 1.85 per cent.
Jignesh Chaudhary, Head of Research, Veracity Broking Services, said it was a mixed day of trading which started on a positive note, but slipped to the negative terrain. It recovered from day's low to close on a positive note towards the end of the trading session. ‘There was selling pressure ahead of the expiry which created some stress,’ he added.
Rupee up 13 paise to 1-week high of 61.94 per $
Mumbai: The rupee on Tuesday gained 13 paise to settle at one-week high of 61.94 against the US dollar amid positive stock markets and signs of continued capital inflows. The rupee was aided by sustained dollar selling by exporters, weak dollar overseas ahead of the release of U S consumer confidence and home price data later in the day. The dollar index was down by 0.12 per cent against the basket of six major global currencies.