INDIA
The trading slowdown: Cash & F&O turnover hit multi-month lows
The combined average daily turnover for BSE and NSE in the cash market has decreased to a 12-month low of Rs 1.06 lakh crore in November so far, marking a 7.3 percent decline compared to the previous month. Notably, this marks the fifth consecutive month of declining turnover.
BUSINESS
Is the IPO party over? Nearly 40% of 2024 entrants dip below issue price
Data shows that more than two dozen companies that made their debut on the bourses in the current calendar year have fallen below their respective issue prices following a market correction that began in October. More importantly, the list includes companies that made a stellar debut in terms of listing day gains.
INDIA
LIC turns focus on large-caps; net buys shares worth Rs 18,000 crore in Sept quarter
The quarter saw LIC reducing its holdings in 84 stocks and fully exiting seven companies. Meanwhile, for the remaining 111 stocks, its stake remained unchanged. The total value of LIC's portfolio of 293 stocks rose to Rs16.76 lakh crore, compared to Rs15.72 lakh crore in the previous quarter.
INDIA
PSUs, Sensex firms see maximum erosion in investor wealth; BSE mcap plunges by nearly Rs 50 lakh crore
The combined market capitalisation of all listed firms on the BSE has plunged by nearly Rs 50 lakh crore since its peak on September 27, amid a persistent correction in domestic equities
INDIA
PSU stocks, once the favourites, lose heavy ground; share in mcap falls to 11-month low
Among the 103 listed PSU firms, five entities have dropped over 50 percent from their recent 52-week highs, while 21 recorded declines of 40-49 percent
BUSINESS
MFs buy big amid market correction in October, target top Nifty stocks
FIIs sold over Rs 94,000 crore in October, while MFs made net purchases exceeding Rs 92,000 crore in local equities, according to NSDL data.
BUSINESS
Slowdown, yes—but financially, India Inc. is in the pink of health
A Moneycontrol analysis of September quarter earnings shows that the interest-coverage ratio (ICR) for large, mid-sized, and smaller firms declined only slightly compared to the June quarter but remained in a safe range of 4-5.
BUSINESS
FIIs press the brakes on IPOs after selling shares worth nearly $3 bn in November
In the current month till date, four IPOs — Swiggy, Sagility India, ACME Solar Holdings, and Niva Bupa Health Insurance — have collectively raised around Rs 18,534 crore. FIIs, however, have contributed only Rs 2,900 crore by way of bids, as per NSDL data.
BUSINESS
SIP account addition slows even as equity fund flows hit record high in October
The SIP stoppage ratio reached around 61 percent in October, marking its highest level since May 2024 and slightly up from 60.72 percent in September.
INDIA
Earnings misses pile up: Over half of Nifty 50 companies fall short of expectations
Public sector giants NTPC and Coal India showed the largest discrepancies between actual and estimated financial performance. NTPC reported a net profit of Rs 2,655 crore, falling short of the projected Rs 5,035 crore, with revenue at Rs 44,696 crore versus an expected Rs 47,007 crore, according to Bloomberg
INDIA
FII ownership of Indian shares hits 12-year low, dips below 16%
Foreign investors’ assets under custody in equity totalled Rs 71.08 lakh crore in October, down 8.8 percent — the sharpest fall since March 2020 — from Rs 77.96 lakh crore a month ago
BUSINESS
Net profit growth of 3.6% in Q2FY25 is India Inc's slowest since June 2020
Operating profit margins were at 22.03% in September qtr, the slowest growth in six quarters, compared to 23.05% in June qtr, shows data
BUSINESS
October's 7% cut in Midcap index was steepest in four years: Experts weigh on what next
India's broader indices BSE MidCap and BSE SmallCap experienced steep corrections in October, declining over 7% and 4%, respectively. This marks the first monthly loss for the broader indices in seven and five months, respectively.
INDIA
Sensex, Nifty lead global market declines in October
In the US, the Dow Jones slipped 1.34 percent, while the S&P 500 and Nasdaq fell 1 percent and 0.5 percent, respectively. In Europe, the UK's FTSE 100 declined 5.52 percent, France’s CAC 40 dropped 6.1 percent, and Germany’s DAX fell 3.8 percent.
BUSINESS
DII buying hits a record Rs 1 lakh crore in October even as FIIs offload equities worth Rs 85,000 crore
DII investments in 2024 have been around Rs 4.41 lakh crore with two more months to go
BUSINESS
Indian IPOs set new record; Raise Rs 1.22 lakh crore in 2024
The cumulative amount of funds raised through IPOs has reached over Rs 1.22 lakh crore so far in 2024, surpassing the previous record of Rs 1.18 lakh crore in 2021. Around 70 percent of this record amount has been raised since August.
BUSINESS
PSU banks outshine private banks in Q2FY25 as profitability, asset quality improve
In the July-September quarter, private banks reported better net interest income and margins, as compared to their state-owned peers because of higher impact felt by the latter due to penal charges norms of the RBI, which were implemented earlier this year.
INDIA
India mcap sees steepest plunge since March 2020; falls 8% in October
India market cap fell by 7.6 percent, losing $37 billion to settle at $4.53 trillion from $4.90 trillion the previous month, making this the fifth-largest decline globally
BUSINESS
Cash market turnover dips to 7-month low, marking sharpest decline since March
The combined average daily turnover for BSE and NSE in the cash market has fallen to a seven-month low of Rs 1.15 lakh crore in October till date, down 12.5% from a month ago
BUSINESS
IndusInd Bank no more in league of India's 10 most valuable lenders
The IndusInd Bank stock dropped 18 percent to hit over one-year low of Rs 1,065. As its m-cap went down to Rs 81,000 crore, it moved to the 12th spot
INDIA
Retail investors shun large-caps in Q2; increase exposure to mid-, small-caps: Data
In the September quarter, as many as 27 companies that form a part of the Nifty50 Index saw a reduction in stakes held by retail investors
BUSINESS
As equities turn volatile, gold posts its biggest gain in 45 years
So far this year, international gold prices have risen over 32.5 per cent, marking the highest increase since 1979, while silver has advanced 37.5 per cent. On the domestic front, MCX gold has climbed 23.6 per cent and MCX silver 32.9 per cent — their biggest gains since 2020.
BUSINESS
Mainboard IPOs cross Rs 1 lakh crore fund-raising for only the second time in history
Altogether, 70 IPOs have been launched this year— the highest since 2007. Collectively, they have raised over Rs 1.03 lakh crore. In 2007, 100 IPOs were launched, raising Rs 34,179 crore, data shows.
BUSINESS
Experts advise waiting for price drop as Hyundai GMP points to subdued listing
The grey market premium (GMP) for Hyundai Motor India Ltd has plummeted to around Rs 50 per share, down from Rs 570 per share in late September. This sharp decline hints at a subdued listing amidst high volatility when the shares of the auto major make their debut on the bourses on Tuesday, say market participants.
