BUSINESS
MC Interview: Promising outlook for Indian markets, focus on quality stocks, says Sharekhan's Gaurav Dua
The outlook for the Indian markets in the medium to long term is highly promising, primarily due to the ongoing multi-year economic growth cycle and the anticipated robust growth in corporate profits over the coming years.
BUSINESS
Foreign investors unlikely to go slow on investments in Indian equities soon
Foreign institutional investors (FIIs) pumped $1.22 billion into local equities so far this month, while their investments stood at $6.72 billion in June. This is the fourth straight month when foreign investors remained net buyers
BUSINESS
Bull run in markets drives demat account additions to a 13-month high
Some analysts have advised new investors to exercise caution and carefully assess investment choices, particularly with regard to potentially overvalued small-cap stocks.
BUSINESS
Midcap, smallcap frenzy sends 4 in 10 Nifty 500 stocks 50% down from record highs
Infosys Ltd, Tech Mahindra Ltd, Wipro Ltd, Indusind Bank, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv and RIL are among blue-chip stocks yet to hit their all-time high levels
BUSINESS
Market cap of BSE-listed companies hits fresh record high of Rs 300 lakh crore
So far this year, market capitalization of all listed firms on the BSE gained nearly 6.6 percent, in both dollar and rupee terms. However, brokerages such as Kotak Institutional Equities, Systematix Institutional Equities and CLSA have taken cautious views on the recent rally of Indian markets.
BUSINESS
PKH Ventures IPO cancelled; second public issue of 2023 to be withdrawn
The moves makes it the second public issue to be withdrawn this year. The IPO received bids for only 65 percent of the total offer size.
BUSINESS
Surge in grey market premium shows rising interest in public issues
Recently listed Mankind Pharma surged over 30 percent on listing day from its price band while Ikio Lighting Ltd shares debuted over 56 percent premium from its issue price
BUSINESS
In Indigo, India gets its first airline to fly past Rs 1 trillion in market value
The stock hit a high of Rs 2,595 on BSE, up 2.5 percent from its previous close with a market cap of Rs 1.01 lakh crore. Since 28 March till date, the stock has risen nearly 38 percent
BUSINESS
Sensex, Nifty scale all-time highs: Will the rally sustain?
The benchmark Sensex hit a record high of 64,012.16 points, while the Nifty touched an all-time high of 19,003.20 points. Analysts feel that the rally in Indian equities is unlikely to be affected by a potential Fed hike, or a deficient monsoon as the market has already factored them in
BUSINESS
India leads top 10 league with 13.77% surge in market value
The rally in Indian markets kicked off on March 28 and the benchmark Sensex and Nifty have advanced nearly 10 percent each since then, while the mid-cap and small-cap indices have jumped over 20 percent each
BUSINESS
Cyient DLM sets price band at Rs 250-265 for IPO lined up for June 27
The IPO consisted of a pure fresh issue of Rs 592 crore. On the upper price band, the firm is valued at Rs2000 crore.
BUSINESS
ideaForge Tech sets IPO price band at Rs 638-672 a share
The closing date for the offer would be June 29, while the anchor book will be launched for a day on June 23, 2023.
BUSINESS
Mutual funds rejig portfolio, IT stocks gain and banks lose
In May, mutual Funds divested shares worth Rs 5,100 crore in Kotak Mahindra Bank and Rs 3,000 crore in HDFC Bank among others. Infosys, which has lost 15 percent this year, is the pick of the IT pack
BUSINESS
Market Cap of BSE listed companies hits record high of Rs 291.89 lakh crore
Market valuation of all listed firms on BSE hit a lifetime high of Rs 291.89 lakh crore on June 15. Both in rupee and dollar terms, total market capitalidation of all listed firms on BSE rose 16 percent from 28 March till date, Bloomberg data showed. So far this year, it gained nearly 4 percent, in both dollar and rupee terms.
BUSINESS
Mid-cap, small-cap indices up 20% in three months; is a bull market underway?
According to analysts, this rally is likely to sustain and gain further momentum for the next two years.
BUSINESS
Bharti Airtel, Adani Ports among 21 lossmaking companies to pay dividend
The promoters of these companies will be the major beneficiaries of these dividend payments.
BUSINESS
HMA Agro sets Rs 480-crore IPO price band at Rs 555-585 a share
IPO will open on 20 June for subscription and close on 23 June. The anchor bids will start on 19 June. Initiation of refunds will be on 30 June and credit of equity shares to demat account of the allottees will be on 3 July.
BUSINESS
Demat account additions exceed 2 million in May on the back of rally in equity market
The number of demat accounts surpassed 118.16 million, reflecting a 1.8 percent increase from the previous month, and a substantial 25 percent growth over the same period last year
BUSINESS
India Inc's operating margins improve after two weak quarters
A Moneycontrol analysis of 148 companies of BSE200 Index that have reported their earnings for the March quarter shows aggregate net sales have increased by 12.3 percent YoY
BUSINESS
China leads in fourth week of emerging market ETF outflows; India gets inflows
India's growing significance as an alternative to China has incentivised investors to shift their focus towards the opportunities that India presents
BUSINESS
IKIO Lighting sets price band for Rs 600 crore IPO at Rs 270-285 per share
The initial public offering (IPO) comprises a new allocation of equity shares valued at Rs 350 crore, as well as a sale of up to 90 lakh equity shares by the promoters, namely Hardeep Singh and Surmeet Kaur.
BUSINESS
Investor participation fuels surge in cash volumes as Indian markets rally
However, at least one analyst suggested there could be a moderation in cash volumes in the future.
BUSINESS
India surges to 5th place in global stock market rankings, valued at over $3.31 trillion
India's market capitalization currently stands at $3.31 trillion. It is now ranked fifth among the top 10 most valued countries. Since the beginning of this year, it has experienced an increase of almost $330 billion mcap.
BUSINESS
Nifty Bank scales record high with 12% gains; SBI, ICICI Bank, Kotak make up 60% of index value
Three stocks including State Bank of India, ICICI Bank Ltd and Kotak Mahindra Bank accounted for over 60 percent of the increase in the Nifty Bank’s market capitalisation over the past two months
