BUSINESS
Cash market turnover dips to 7-month low, marking sharpest decline since March
The combined average daily turnover for BSE and NSE in the cash market has fallen to a seven-month low of Rs 1.15 lakh crore in October till date, down 12.5% from a month ago
BUSINESS
IndusInd Bank no more in league of India's 10 most valuable lenders
The IndusInd Bank stock dropped 18 percent to hit over one-year low of Rs 1,065. As its m-cap went down to Rs 81,000 crore, it moved to the 12th spot
INDIA
Retail investors shun large-caps in Q2; increase exposure to mid-, small-caps: Data
In the September quarter, as many as 27 companies that form a part of the Nifty50 Index saw a reduction in stakes held by retail investors
BUSINESS
As equities turn volatile, gold posts its biggest gain in 45 years
So far this year, international gold prices have risen over 32.5 per cent, marking the highest increase since 1979, while silver has advanced 37.5 per cent. On the domestic front, MCX gold has climbed 23.6 per cent and MCX silver 32.9 per cent — their biggest gains since 2020.
BUSINESS
Mainboard IPOs cross Rs 1 lakh crore fund-raising for only the second time in history
Altogether, 70 IPOs have been launched this year— the highest since 2007. Collectively, they have raised over Rs 1.03 lakh crore. In 2007, 100 IPOs were launched, raising Rs 34,179 crore, data shows.
BUSINESS
Experts advise waiting for price drop as Hyundai GMP points to subdued listing
The grey market premium (GMP) for Hyundai Motor India Ltd has plummeted to around Rs 50 per share, down from Rs 570 per share in late September. This sharp decline hints at a subdued listing amidst high volatility when the shares of the auto major make their debut on the bourses on Tuesday, say market participants.
BUSINESS
Retail investors betting big on PSUs even as shares dip from record highs
In the September quarter, 56 out of 68 PSUs saw a rise in retail shareholders, despite most seeing stock declines. Only 16 delivered positive returns.
INDIA
Bullish DIIs hit another milestone; net investments cross Rs 4 lakh crore in a year for first time ever
October saw a record Rs 60,000 crore inflows from DIIs, offsetting an equivalent amount of equities sold by foreign investors. This also marked the 15th straight month of net buying by DIIs.
INDIA
Adani Ports, Adani Energy Solutions, Adani Green Energy cut promoter pledges; Adani Enterprises, Adani Power see rise
Adani Group promoters have released a significant portion of their pledged shares across three of its listed companies—Adani Energy Solutions Ltd, Adani Green Energy Ltd, and Adani Ports & SEZ Ltd—during the September quarter.
BUSINESS
GQG partners, promoter entities buy Adani Group shares worth Rs 19,000 crore in September quarter
Adani Group promoters raised their stakes in four of their listed entities:Adani Energy Solutions Ltd, Adani Enterprises Ltd, Adani Green Energy Ltd, and Adani Power Ltd, while reducing their stake in Ambuja Cements. The total value of these holdings is approximately Rs 12,778 crore.
INDIA
Rupee weakens past 84-mark for first time against US dollar on foreign outflows
The currency slipped 0.1 percent to a record low of 84.11 on Friday. FIIs have offloaded $5.7 billion in stocks and $125 million in bonds this month, as per NSDL data.
INDIA
Demat account openings continue to rise despite market volatility; 4.36 mn added in September
This marks the fourth consecutive month where new demat account openings exceeded the four million-mark
BUSINESS
Hyundai Motors India to raise Rs 8,315 crore via anchor bidding on October 14
The company's Initial Public Offering (IPO) will be open for subscription from October 15 to October 17, with a price range set at Rs 1,866 to Rs 1,960 per share.
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.
