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.
INDIA
F&O turnover hits a five-month low as low volatility diminishes opportunities for traders
The combined cash market turnover also saw only a modest rise, which was the lowest in five months
BUSINESS
Kotak Bank’s loss is Federal Bank’s gain
The exit of Joint Managing Director KVS Manian dragged Kotak Bank’s stock by 3 percent. But Federal Bank, where he is tipped to join as per reports, gained 3 percent
BUSINESS
Kotak Bank on a losing streak as analyst downgrades accelerate
The exit of KVS Manian re-ignites fears of more exits at the senior and mid-management levels
INDIA
BSE MidCap, SmallCap indices brave headwinds, put up strong show in April
In April so far, the BSE MidCap index rose 5.7 percent, its highest since December 2023, while the BSE SmallCap Index surged over 9.7 percent, marking its biggest jump since February 2021
INDIA
Foreign investors cut stakes in FMCG firms as soaring input cost threatens Q4 earnings
Varun Beverages and Britannia Industries hit a six-week low in FII ownership, while Dabur India and Godrej Consumer Products recorded their lowest FII ownership since December 2015.
