INDIA
QIPs gain traction to hit four-year high in July
Data from Prime Database shows that 10 companies tapped the market in July with QIPs to raise a cumulative amount of Rs 21,800 crore, which is the highest since September 2020, when six issues raised a total of Rs 39,032 crore.
INDIA
Amidst volatility, new demat accounts continue a strong surge
The quantum of new demat account openings surged to a six-month high in July as data from the two depositories – CDSL and NSDL – shows that over 44.41 lakh demat accounts were opened in July, which was the highest since January 2024 when 46.8 lakh demat accounts were opened.
BUSINESS
End of rally or buying opportunity in mid/small-cap space? Here's what analysts are saying
The BSE Midcap index lost 3.6 percent on Monday while the BSE SmallCap barometer fell 4.21 percent even as the Sensex lost 2.74 percent. For both the broader indices, it was the biggest single-day decline since June 4.
INDIA
LIC net buys Rs 17,000 crore of shares in Q1; check out 11 new additions to portfolio
In the June quarter, mutual funds invested approximately Rs 1.1 lakh crore, while insurance companies and banks made net purchases of Rs 5,035 crore and Rs 628 crore, respectively. Retail investors were net buyers at around Rs 39,278 crore. In sharp contrast, foreign investors offloaded shares worth about Rs 8,495 crore during the same period.
BUSINESS
Retail inflows cross Rs 1 lakh crore mark in 2024; MFs pump in Rs 2 lakh crore
In the current calendar year till date, retail investors have already put in more than Rs 1 lakh crore in stocks, according to NSE data. Further, mutual funds have already surpassed Rs 2 lakh crore in investments in Indian equities this year, according to data from NSDL.
BUSINESS
After over a decade, India Inc tunes up IPO route to fund growth
So far, 43 firms have secured around Rs 47,872.31 crore via IPOs. Of this, 51.51 percent are from fresh issues — the highest since 2012. Fresh issues alone brought in around Rs 24,657.64 crore, the most in three years.
INDIA
Tata Motors joins top ten global auto firms with $51 billion market cap
Tesla Inc leads with a market cap of $711.19 billion, followed by Toyota Motors with $307.50 billion and BYD Company with $92.65 billion. Ferrari NV ranks fourth at $74.02 billion market cap, followed by Mercedes-Benz Group ($71.26 billion), Porsche ($68.29 billion), BMW AG ($59.54 billion), Volkswagen AG ($58.18 billion), and Honda Motor Co ($56.12 billion).
BUSINESS
Ola Electric IPO: Some investors may face losses, but it's a multi-bagger for Tiger Global, Matrix
Ole Electric IPO: Investors like Alpine Opportunity Fund and Tekne Private Ventures could face up to 30% losses
BUSINESS
Ola Electric sets price band of Rs 72-76 a share for IPO
The issue comprises a fresh issue of Rs 5500 crore and an offer for sale of upto 84.94 million. On the upper price band, OFS comes at Rs 645.96 crore. The total issue size will be at Rs 6145.96 crore.
INDIA
FIIs unload over $900 million in Indian equities in 3 sessions
Foreign investors have offloaded shares worth over $900 million in the last three trading sessions. On July 23, they sold shares worth about $185.1 million, followed by $419.13 million on July 24, according to NSDL data and $311 million on July 25, according to provisional data on NSE.
INDIA
Ashish Kacholia trims holding in seven stocks, likely exited six companies in Q1
The firms where Kacholia trimmed his stake include PCBL Ltd, Walchandnagar Industries, Repro India, Sastasundar Ventures, Shaily Engineering Plastics, NIIT Learning Systems, and Aditya Vision Ltd.
INDIA
Ace investor Dolly Khanna adds five new stocks to her portfolio
As on March 31, Dolly Khanna held stakes in 19 companies with a total value of Rs 490 crore, according to the average stock prices for that period.
BUSINESS
Promoters pump Rs 23,000 crore in 5 Adani Group companies in June quarter
Promoters raised their holdings in five Adani Group firms -- Adani Energy Solutions Ltd, Adani Enterprises Ltd, Ambuja Cement Ltd, Adani Power Ltd and Adani Green Energy Ltd – by pumping in a little over Rs 23,000 crore during the June quarter, the latest shareholding data shows.
BUSINESS
Zomato founder-CEO Deepinder Goyal joins billionaire club
Deepinder Goyal has become a billionaire after a record rally in Zomato shares since last year.With this, Goyal, 41, has become India’s richest professional manager with his networth surging past Rs8,300 crore. Currently, Goyal has 36.95 crore shares or 4.24 percent stake in the company.
BUSINESS
The stocks that Quant MF bought and sold in June
The fund house, which has assets under management totalling Rs 81,000 crore, has maintained its robust purchasing momentum in the Indian markets, focusing notably on HDFC Bank for the second consecutive month.
BUSINESS
MFs bought HDFC Bank shares worth Rs 42,000 crore in the first half of 2024
In June, mutual funds bought 4.09 crore shares of HDFC Bank worth Rs 6,887 crore. This marked the sixth consecutive month of significant buying, with previous monthly purchases pegged as follows: May - Rs 7,600 crore, April - Rs 1,886 crore, March - Rs 4,600 crore, February - Rs 8,432 crore, and January - Rs 12,884 crore.
INDIA
Record highs, choppiness no deterrent for retail as fresh SIPs, demat accounts surge
In the first half of 2024, there were over 3.3 crore new SIP registrations and more than 1.7 crore account closures. Additionally, over 2.3 crore new demat accounts were added during this period.
BUSINESS
Market rally not alarming, record highs backed by earnings growth, say analysts
A section of analysts believe that that Indian markets have grown in-line with earnings, and levels of record highs seem less alarming.
BUSINESS
Over 42 lakh new demat additions in June; total demat accounts cross 16 crore
According to data from the Central Depository Service and National Securities Depository, the number of demat accounts opened in June totalled over 42.4 lakh, marking the highest account opening rate since February 2024, compared to 36 lakh additions a month ago and 23.6 lakh a year ago.
INDIA
FIIs turn bullish on financial services segment; buy shares worth Rs 8,100 crore in second half of June
Foreign institutional investors appear to have turned aggressively bullish on the financial services segment and have bought shares worth over Rs 8100 crore in the second half of June.
BUSINESS
FIIs reverse course, inject $3.2 billion into Indian markets in June
After two consecutive months of huge selling, foreign institutional investors turned net buyers in the month of June, having bought shares worth $3.2 billion – the second-highest monthly buying after $4.2 billion in March.
INDIA
India leads mcap gains in top 10 world markets in June quarter
Data from Bloomberg shows that this was the fifth consecutive quarter of growth for the Indian market whose market capitalisation is currently pegged at $5.03 trillion.
INDIA
Market breadth indicator hits 15-month high in June
The advance-decline ratio, which measures the number of rising stocks versus the falling ones, is pegged at 1.33 for the current month till date. This is the highest level seen on BSE since April 2023
BUSINESS
BSE midcap surges over 7%, most since November; smallcap jumps 10% in June
In June, the BSE Midcap index fell in just four sessions: June 4, June 19, June 21, and June 25. Similarly, the BSE SmallCap index experienced declines on only three days: June 4, June 19, and June 25. On all other days, both indices traded higher.
