INDIA
BSE SME IPO index sheds over 13%; enters 'correction' zone over quality, regulatory concerns
After hitting an all-time high of 1,14,991.49 on August 28, the BSE SME IPO index has dropped over 13 percent, shedding around 16,000 points to a low of around 98,290 points on October 7.
BUSINESS
Majority prefer deploying cash in large-caps while avoiding small- and mid-caps: MC Market Poll
Both benchmark Sensex and Nifty fell over 4.5 percent each since September 26 while broader indices BSE MidCap and BSE SmallCap lost over 2.7 percent and 1.8 percent respectively.
MARKETS
FII assets in India cross a trillion dollars; equity ownership at six month high
The cumulative assets under custody of FIIs in debt, equity, AIF, mutual funds, and hybrid funds crossed $1 trillion for the first time, marking a 26.7% increase since the beginning of the year.
INDIA
Stimulus Effect: China, Hong Kong markets soar together; $3 trillion surge in two weeks
As on October 2, China's total market capitalization was pegged at $10.1 trillion, up from $7.95 trillion on September 13, marking an increase of around $2 trillion -- equivalent to the market capitalisation of Switzerland, South Korea, and Australia.
BUSINESS
It’s raining IPOs this year; over Rs 12,000 crore raised in September
The 12 firms collectively raised over Rs 11,000 crore through initial public offers (IPOs). Further, as many as 39 small and medium enterprises (SMEs) cumulatively raised around Rs 1,542 crore, making it the most active month for SME IPOs in the past decade.
BUSINESS
India’s m-cap drops for second straight month; Biggest fall among top 10 markets
India's market cap fell to $4.90 trillion, its second straight monthly decline, even as benchmark indices, Sensex and Nifty, surged 2.4% and broader indices gained as much as 2%
BUSINESS
September sees largest retail sell-off since March; net selling at Rs 7,500 crore
So far in September, retail investors have sold shares over Rs7,500 crore, marking the largest sell-off since March 2024. Meanwhile, domestic investors bought shares worth around Rs 17,421 crore while foreign investors bought Rs 55,855 crore worth of shares in September.
BUSINESS
QIP pipeline worth Rs 1.39 lakh crore set to hit the market soon
Currently, data for 75 companies is available in terms of the approximate size of the offering and the cumulative value is pegged at around Rs 1.39 lakh crore though the actual amount would be significantly higher – nearly 140 companies are yet to disclose the size of their respective QIP offering.
BUSINESS
Mutual funds pump in nearly Rs 6,900 crore in IPOs in August
Mutual funds, which are seeing record inflows coming through SIPs, invested over Rs 6,900 crore in eight IPOs in August, which also saw the largest primary market fundraising since May 2022 with 10 companies raising a total of Rs 17,000 crore
BUSINESS
PMEA Solar files draft papers with SEBI to raise funds via IPO
As of June 2024, the company's total borrowings stood at Rs 314.06 crore. IIFL Securities and ICICI Securities are serving as the book-running lead managers for the issue.
BUSINESS
After a lull in August, FIIs buy shares worth $3.3 bn so far in September
In 2024 so far, total investments in Indian equities have hit $9.75 billion, with $1.98 billion sold in secondary markets and $11.73 billion invested in IPOs.
BUSINESS
Mutual Funds bought Rs 4,200 crore of Adani stocks in August amidst heightened interest
In August, Adani Energy Solutions and Ambuja Cement saw the highest amount of mutual fund investments, with Rs 1,541 crore and Rs 1,308 crore, respectively. The surge in Adani Energy Solutions was fuelled by a $1 billion QIP, while Ambuja Cement's rise came from a Rs 4,250 crore block deal.
BUSINESS
Top mutual funds sell over Rs 8,200 crore worth of HDFC Bank shares in August
In August, mutual funds sold around 5.06 crore shares, marking their first sell-off after seven consecutive months of buying. Between January and July, mutual funds were net buyers, acquiring shares worth Rs 45,000 crore.
INDIA
Mid and small-cap stocks lead in India while large-caps dominate the US markets
Since April 2023, the BSE MidCap and BSE SmallCap indices have surged around 102 percent and 110 percent, respectively, while the benchmark Sensex and Nifty gained 38 percent and 44 percent.
BUSINESS
MC CEO Pay Report: How much were India Inc top bosses paid in FY24?
Among the Nifty 50 companies, there are three top bosses - Thierry Delaporte of Wipro, who resigned in April, Pawan Munjal of Hero MotoCorp, and Rajeev Jain of Bajaj Finance - who took home in excess of Rs 100 crore each in FY24
BUSINESS
Twelve IPOs will compete to raise over $1 billion next week
Among the main board IPOs, the four firms that will compete for investor attention are Bajaj Housing Finance, which will raise around Rs 6560 crore, Tolins Tyres (Rs 230 crore), Kross Ltd (Rs 500 crore) and P N Gadgil Jewellers (Rs 1100 crore).
INDIA
India’s demat count now exceeds population of countries like Russia, Mexico and Japan
A total of 42.3 lakh new demat accounts were opened in August, pushing the total to 17.11 crore. Data from depositories showed that the addition was marginally lower on MoM basis, but was significantly higher compared to last year.
BUSINESS
IPO fund raising soars to 27-month high in August
As many as 10 firms collectively raised Rs 17,000 crore through IPOs in August, marking the largest primary market fundraising since May 2022.
INDIA
Analysts advise caution as Nifty extends record rally to 13th session
The 50-share benchmark rose on each of the trading sessions starting August 13 till September 3 with the cumulative gains pegged at around five percent. The benchmark has surpassed its previous longest rally of 11 days in October 2007
BUSINESS
Tolins Tyres sets price band of Rs 215-226 a share for its Rs 430 cr issue
Finalisation of allotment will be on September 12, refunds and credit of equity shares will be on September 13, and the stock will list on September 16.
BUSINESS
Bajaj Housing Finance sets price band of Rs 66-70 a share for its IPO
The anchor bidding will start on September 6 and the issue will close on September 11. Basis of allotment will be on September 12, refunds will be made on September 13 and the stock will list on exchanges on September 16.
INDIA
September swing: What can help Sensex defy the odds?
September has been a volatile month that has delivered more negative returns than positive one in the last 10 years. This time, however, the FOMC and upcoming festive season is being positioned as key events that may drive inflows.
INDIA
Retail investors outpace FIIs with Rs 10,000 crore buying spree in August
In comparison, the net buying of foreign investors was pegged at around Rs 9,200 crore in August while banks bought shares worth Rs 1,083 crore and insurance companies invested Rs 3,973 crore in Indian equities.
INDIA
India sees steepest fall in m-cap since Feb 2023 even as other markets gain
In August so far, India’s market capitalisation in dollar terms stood at $5 trillion, down 3.43 percent, its steepest fall since February 2023. It was pegged at $5.18 trillion a month ago, according to Bloomberg data.
