INDIA
Mcap of BSE-listed firms beats Hong Kong again, ranks fourth globally
India has an NDA government supported by 300 MPs, but it is not a single-party majority. After 25 years of coalition rule before 2014, BJP and PM Modi's ability to run a minority government will be tested, despite continuity in key ministries being positive.
BUSINESS
High to High: Market momentum shifts from Modi stocks to defensives
The gainers and losers during between June 3-11 from the BSE 500 universe show the momentum moving away from the so-called ‘Modi stocks.’ The leaders of the latest market rally are stocks that hadn’t performed well in the run-up to the elections.
BUSINESS
SIP flows at record highs but SIP stoppage ratio also hits new high in May
Latest data from the Association of Mutual Funds in India (AMFI), the industry body of mutual funds, shows that 49.74 lakh new SIP accounts were registered in May, compared with 63.65 lakh a month ago.
INDIA
PSUs give lower dividends even as many see profits, revenues rise
Of the 38 PSUs for which data is available, the payout from 31 was lower in FY24 than in dividend in the previous financial year. In all, there are 104 listed PSUs.
BUSINESS
How retail investors emerged as a strong counterforce against institutional selling in a topsy turvy market
Emboldened by past market corrections and swift recoveries, retail investors view market dips as lucrative buying opportunities. For proof, one only needs to look at last week’s extremely volatile trading sessions.
BUSINESS
Market Vs Modi Stocks: Only 8 out of 54 CLSA Modi stocks recover to pre-exit poll levels
While the Nifty has regained all its losses this week, 'Modi stocks' are still largely underwater
BUSINESS
Market back to pre-exit poll levels
Out of the 2,235 stocks listed on the NSE, 1,113 are trading higher than they were before the exit polls.
BUSINESS
Nvidia shares power S&P 500’s market cap surge with 36% contribution in 2024
This has been a major factor in the $4.49 trillion (12 percent) increase in the S&P 500’s market capitalization (market cap) to $47.16 trillion this year.
BUSINESS
Mutual funds lose Rs 90,000 crore in PSU stocks amid poll verdict-led market correction
As of June 3, mutual funds held shares worth over Rs 5.71 lakh crore in 84 state-run firms. After the unexpected election results, this value dropped to Rs 4.83 lakh crore.
BUSINESS
Half of Sensex stocks, one-third in mid, small cap indices below 200-DMA
The 200-DMA is a key parameter used by technical analysts, representing the average closing price of a stock over the past 200 days. It helps assess a stock's momentum, relative to its current price.
INDIA
GIFT Nifty registers unprecedented spike in turnover to set new record high
The average daily turnover in the last four sessions is pegged at $11 billion per day, which is a huge jump from the $2.5 billion turnover that was the average turnover for the rest of the month.
INDIA
DIIs invest over Rs 2 lakh crore in record 96 sessions
The buying spree has picked up in the last three months with March logging Rs 56,356 crore, April Rs 40,720 crore and May (till date) Rs 45,000 crore
BUSINESS
PSU stocks soar to seven-year high in market-cap constituting 16% of listed universe
Strong fundamentals and reduced government intervention drive a surge in public sector companies
INDIA
At $2.9 bn, Indian markets witness highest FII outflows in Asia in May
Indian equity markets experienced the highest outflows in Asia so far in May, with FIIs withdrawing $2.89-bn funds. This marks the highest monthly FII outflow since January 2024.
INDIA
Planning to sell on June 4? Sensex, Nifty mostly gained ground after past poll results
In the last five general elections, the Sensex and Nifty were trading higher six months after the election results had been announced. Further, in the last three elections, the indices were up at the end of the first month itself.
BUSINESS
GIFT Nifty turnover plummets after record volume in April
The turnover of the derivative contracts has plunged by almost 46 percent in May from the record turnover of $82 billion registered in April. In May, till date, the turnover has been pegged at $44.24 billion on the NSE International Exchange’s index in GIFT City, Gandhinagar.
BUSINESS
Five stocks contribute 75% to Nifty's latest 1,000-point rally
ICICI Bank led the pack as the largest contributor, accounting for over 17.3 percent of the index move, followed by Mahindra & Mahindra and State Bank of India, each contributing over 16 percent and 15 percent, respectively.
BUSINESS
Nifty scales 23,000 mark in 88 sessions; hits fresh record high
The latest 1,000 points rally took longer than the previous ones as the jump from 21,000 to 22,000 happened in just 25 sessions, while the rally from 20,000 to 21,000 took 60 trading sessions. The 19,000 to 20,000 move also happened in 60 sessions.
BUSINESS
India market-cap at striking distance from Hong Kong. How long before India overtakes?
With the steady rise in Indian stocks taking BSE’s market-cap to $5 trillion, it is now within striking distance of Hong Kong, which commands a market-cap of $5.39 trillion currently
BUSINESS
IPOs soar to 8-month high in May with Rs 9,600 crore raised
Five companies have collectively raised Rs 9,606.15 crore through IPOs in May so far. This is the largest fundraising since September 2023
INDIA
Market cap of BSE-listed companies hits $5 trillion first time ever
The total market cap of all BSE-listed companies reached $5 trillion or over Rs 414.46 trillion, showing a climb of over $633 billion since the start of the year.
BUSINESS
FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May
According to analysts, the huge selling was due to election-related concerns, turning risk-averse, and reducing equity exposure to avoid surprises.
BUSINESS
Kotak Mahindra Bank sees MFs pick up shares worth Rs 8,100 crore in April
The mutual fund purchases in Kotak Mahindra Bank followed a significant sell-off triggered by the Reserve Bank of India's ban on new customer onboarding by the bank via online and mobile banking, along with the suspension of new credit card issuance.
INDIA
FIIs shed over $2 billion in equities in first six sessions of May
FIIs sold about $800 million in domestic equities from May 2 to May 7, according to data from the National Securities Depository Ltd.
