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.
BUSINESS
More than 20 loss making firms paid dividends in FY24
Some of the loss-making companies that plan to pay dividends include Gujarat Alkalies and Chemicals Ltd, Kolte Patil Developers, Mahindra Lifespace Developers, RHI Magnesita India, Shreyas Shipping & Logistics, Hinduja Global Solutions, Bajaj Healthcare, and Arvind Fashions among others.
BUSINESS
Where Quant MF plays solo: 14 stocks where it is the lone mutual fund investor
Sandeep Tandon’s funds have been exceptional performers thus far on the back of substantial active calls in the mid- and small-cap space
INDIA
Mutual funds continue to buy HDFC Bank shares for fifth successive month
MFs purchased shares worth Rs 7,600 crore in May. More importantly, this marks the fifth consecutive month of buying of HDFC Bank shares by mutual funds.
INDIA
Nifty, O Nifty! Tu kab Sensex banegi? Look where Nifty will end up going by their relationship thus far
In 1995, the 30-share Sensex was hovering around 3,470 while the broader 50-share Nifty stood at around 1,000 level. By March 2006, Nifty had climbed to 3,470, reaching the same level that Sensex had achieved a decade earlier.
INDIA
RBI, SEBI closely monitoring high F&O trading volumes; India account for nearly 81% of global turnover
India's nominal GDP or GDP at Current Prices was estimated to be Rs 295.36 lakh crore in the year 2023-24, according to the Ministry of Statistics and Programme Implementation website. The combined F&O turnover for BSE and NSE stood at Rs 362 trillion in FY24.
INDIA
FPIs net buyers of $1.4 billion in five sessions: Election jitters behind us?
So far in 2024, FPIs were net sellers at $3.39 billion – with only March seeing a net buy figure. With election-related uncertainty behind us, any major selling by FPIs is unlikely, say experts.
INDIA
Mutual funds narrow gap with individual investor ownership in companies: NSE Pulse
As of March 2024, retail investors collectively owned 9.5 percent of listed companies in India, while mutual funds held 8.9 percent.
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.
