BUSINESS
Investors brave volatility, flood the Street with demat additions crossing 46.84 lakh in Jan
According to data from the Central Depository Service and National Securities Depository, the number of demat accounts opened in January totalled over 46.84 lakh, compared to 40.94 lakh a month ago
BUSINESS
IOB joins Rs 1-lakh-crore MCap league as fifth PSU bank
State Bank of India tops the chart with mcap of around Rs 5.8 lakh crore followed by Bank of Baroda with mcap of Rs 1.33 lakh crore and Punjab National Bank 1.33 lakh crore. Union Bank of India mcap stands at Rs 1.1 lakh crore.
BUSINESS
Five stocks that saw maximum price-volume action on Budget day and why
Indus Towers, PB Fintech, EID Parry India, Tata Consumer Products and Godrej Properties saw huge spurt in volumes on Bombay Stock Exchange on the Budget day.
BUSINESS
Does RIL set the stage for largecaps comeback? Not really, say analysts
On January 29, the Mukesh Ambani-led Reliance Industries (RIL) single-handedly contributed to a 38 percent surge in the Nifty 50 market capitalisation.
BUSINESS
RIL rally triggered by funds taking refuge in ‘strong stock’ to hedge against short positions
The RIL market cap increased around Rs 1.29 lakh crore on January 29. The stock scaled a fresh record high of Rs 2,905, taking the market capitalisation to Rs 19.5 lakh crore
BUSINESS
India sees biggest FII outflows in January among Asian markets
Analysts say that the outflow has been because of subdued corporate earnings visa-vis valuations, which has made investors cautious
BUSINESS
India overtakes Hong Kong to become world's fourth largest stock market by mcap
Currently, the US is the world's biggest market with a mcap of $50.86 trillion followed by China with a mcap of $8.44 trillion and Japan $6.36 trillion.
BUSINESS
Union Bank of India becomes fourth PSU lender to cross Rs 1-lakh-crore valuation
The stock in 2023 jumped nearly 49 percent while so far in 2024 it advanced nearly 15.1 percent. The firm will report its December quarter earnings on 20 January.
BUSINESS
As Sensex, Nifty eye budget momentum, here’s how markets moved during Modi’s past budgets
The most significant gains before the budget were observed in 2021, with the Sensex and the Nifty having advanced about 21 percent as the economy emerged from the Covid aftermath.
BUSINESS
DIIs turn to selling, take out over Rs 7,000 crore from equities in 7 sessions
Analysts believe the recent bull run led the investors to book profits and beef up their cash reserves for potential future dips. Some selling might have also been influenced by investors' redemption pressure, driven by similar thoughts about market movements
BUSINESS
Bulls of D-St charge SIP registrations to hit a record 40.32 lakh in Dec
A consistent 30 lakh fresh additions every month since July has driven the SIP registrations for FY24 above the the combined figure for FY23 and FY22, according to the Association of Mutual Funds in India (AMFI)
BUSINESS
Demat account additions reach record high riding on Dalal Street rally
the number of demat accounts opened in December totalled over 41.78 lakh, compared to 27.81 lakh a month ago and 21 lakh a year ago. The total demat tally crossed 13.93 crore, up 3.1 percent from a month ago and 28.66 percent from a year ago
BUSINESS
Market goes Atmanirbhar as DIIs beat foreign peers in buying Indian equites, 3 years on
Analysts foresee further rise in Indian markets in the first half of 2024 on the back of likely rate cuts by global central banks as well as the RBI. Another surge is expected ahead of the general elections
BUSINESS
Markets end in green for 8 years in a row, outlook positive for 2024
Some market experts say investors would be better off partially booking profits in stocks, particularly smallcaps and midcaps, where they have made outsized gains
BUSINESS
Cash market turnover hits Rs 1 lakh crore for first time; F&O turnover touches fresh record high
The combined average daily turnover for NSE and BSE reached an all-time high of Rs 1.17 lakh crore in December so far, up 48.06 percent from the previous month.
BUSINESS
At $4.16 trillion, India beats top 10 markets with 25% gain in valuation this year
China, the second largest market at $10.57 trillion, saw an 8.81% fall in 2023, as the Chinese economy struggled with a property crunch and a slow recovery from Covid-19
BUSINESS
IPO rally stays the course with Rs 60,000-cr share sales lined up for new year
In 2023, some 57 Indian companies raised around Rs 49,000 crore through mainboard IPOs. And, 27 companies have already obtained the green light from the market regulator to float their public issues to raise around Rs 29,000 crore
BUSINESS
Small, mid-caps contribute to 50% of overall market-cap erosion on December 20
Stocks in the BSE SmallCap and BSE MidCap indices collectively fell by Rs 2.05 lakh crore each, while those in the BSE Sensex index dropped by a combined total of Rs 2 lakh crore
BUSINESS
NSE achieves record growth: Active users surge for fifth consecutive month in November
The bourse added around 10.4 lakh active users in July, 8 lakh in August, 6.1 lakh in September, 5.5 lakh in October and 10.34 lakh in November
BUSINESS
Select stocks propel over 50% surge in Nifty Midcap, Smallcap valuations
Both Nifty MidCap and SmallCap jumped around 66 percent and 51 percent since April, while the benchmark Sensex and Nifty surged over 20 percent each in this period
BUSINESS
PNB becomes 3rd state-run lender to cross Rs 1 lakh crore in market value
Analysts note that PSU banks are undervalued in comparison to private banks.
BUSINESS
Upcoming IPOs see grey market premiums zoom riding on market frenzy
In 2023, 54 IPOs emerged, marking the largest influx in two years, raising approximately Rs 49,000 crore.
BUSINESS
Rajiv Jain of GQG Partners scores it big with Adani surge, but LIC portfolio stays in red
LIC's portfolio is currently at Rs 58,577 crore in Adani Group stocks, around 29% down from its December 2022 quarter value of Rs 82,943 crore.
BUSINESS
Funds raised through QIP hit a 3-year high of Rs 42,000 crore, 35 companies take the road
In 2023, a total of around Rs 42,000 crore was raised by around 35 firms through QIP, the largest amount raised since 2020
