INDIA
New demat account openings slow down in Jan amid market correction
In January, 2.83 million new demat accounts were opened, compared to 3.26 million a month earlier.
INDIA
Big FIIs, including EuroPacific, Govt of Singapore, Vanguard, Fidelity, pare stake in Indian firms amid market correction in Q3
FIIs have withdrawn over Rs 1.56 lakh crore from secondary markets since the beginning of October, while investing Rs 55,582 crore in primary markets.
INDIA
Gross equity investments by FIIs hit 15-month low at $25 bn in January
Data from NSDL shows that FIIs’ gross equity purchases in January stood at $24.93 billion – lowest since October 2023. This also reflects a 42% drop from the 12-month average of $43.06 billion and over 50 percent plunge from its record gross buying in September 2024 of around $52 billion.
BUSINESS
Sensex, Nifty down 12% from highs but sectoral indices fall more than 20% to enter bear market territory
Among the steepest declines, the BSE Power Index tumbled over 30 percent from its recent peak, followed by the BSE Utilities Index and BSE India Infrastructure Index, which have fallen 28.7 percent and 27 percent, respectively.
INDIA
Advance-decline ratio falls to two-year low as small and mid-cap stocks lose heavy ground
The ratio, which measures the number of rising stocks against those declining, has dropped to 0.82 in January -- the lowest since February 2023.
INDIA
FIIs sell shares worth nearly $8 billion in January; third-largest monthly outflow ever
The Sensex and Nifty indices have fallen by 3.5% in January till date, marking their sharpest monthly decline since 2017 and surpassing the 3.07% drop recorded in January 2021. Broader indices like BSE MidCap and BSE SmallCap slumped over 9 percent each so far this month.
BUSINESS
Market correction hits IPOs, QIPs; half of 2024 issues now below issue price
Experts said underperformance of shares issued through IPO or QIP is directly linked to the fate of secondary markets. The benchmark indices after hitting the all-time high in September last year have been on either downward journey or are in phase of consolidation, trading sideways.
INDIA
Nah Nah Karte: And now, FIIs are raising stake in small-caps, more than large-caps
FIIs raised stakes in 50% of the stocks in the BSE Small-cap index, which consists of 885 stocks with December 2024 shareholding data available
INDIA
India VIX, the fear index, hits near six month high as experts caution over near-term nervousness
The fear index hit a high of 17.4 - a level last seen on August 6, 2024 - after surging for four successive sessions and has risen by nearly 20 percent so far this year.
MARKETS
FPIs, MFs take contrarian view on Adani Group stocks; FPIs trim stake as MFs up positions
Rajiv Jain’s GQG Partners, a key investor in Adani Group firms, kept its holdings largely stable during the quarter
BUSINESS
India mcap falls to lowest level in eight months; down over $890 billion since Sept ’24 peak
The global selloff has been fueled by concerns over India’s deepening economic slowdown and muted earnings expectations for the December quarter.
BUDGET
FPI selloff extends into new year; shares worth over $1.3 billion sold in first six sessions
In December, FPIs withdrew Rs 2,590 crore from secondary markets while investing Rs 18,000 crore in primary markets. November witnessed more aggressive selling, with Rs 39,300 crore sold in secondary markets and Rs 17,700 crore invested in primary markets.
BUSINESS
Investors hit the jackpot in 2024 with unlisted companies as shares see huge surge
Standout performers in unlisted markets included Tata Capital (47 percent), Studds Accessories (76 percent), Nayara Energy (346 percent), Motilal Oswal Home Finance (50 percent), Cochin International Airport (92 percent), and the National Stock Exchange (143 percent) among others.
INDIA
Select pockets in SMID space still offer long-term opportunities, say experts
In 2024, the benchmarks Sensex and Nifty recorded gains of over 8 percent each, while the BSE Midcap and BSE SmallCap indices surged by 26 percent and 29 percent, respectively.
BUSINESS
FPIs do a turnaround; sell shares worth $1.77 billion in second half of December
India's benchmark indices, Sensex and Nifty, declined by 2 percent each in December. Meanwhile, the broader markets showed mixed performance, with the BSE MidCap rising 0.7 percent and the BSE SmallCap slipping 0.7 percent.
INDIA
Even while on regulatory radar, BSE SME IPO index surge far outpaces all other benchmarks globally
In India, the S&P BSE Sensex and Nifty 50 recorded modest gains of 6 percent each, while the BSE MidCap and BSE SmallCap indices outperformed significantly, rising 23 percent and 26 percent, respectively.
INDIA
India's mcap jumps 9.4% in December; highest in 3 years, best among leading global markets
The United States, the largest equity market with a market capitalisation of $63.37 trillion, registered a 0.42 percent decline, its first after seven months of consecutive gains.
BUSINESS
Milestone year for DIIs as net investments cross Rs 5 lakh crore for first time ever
The net purchases this year is significantly higher than the last few years as DIIs were net buyers at Rs 2.76 lakh crore in 2022 and Rs 1.81 lakh crore in 2023
BUSINESS
IPO rush in December hits 17-year high with nearly Rs 25,000 cr fundraising
December is poised to witness the highest number of initial public offerings (IPOs) in nearly 17 years with as many as 15 companies having launched their public issues this month, raising around Rs 24,950 crore.
BUSINESS
MFs stick to 1,082 stocks in 2024, add only 67 new positions
MFs’ additions to new stock have come primarily through IPOs listed in the past two years, data shows.
BUSINESS
Record Rs 45,650 crore IPO anchor investments led by MFs, FIIs in 2024
FII investment in anchors stood at Rs 25,300 crore in 2024, the highest since 2021. Similarly, MFs have contributed Rs 20,351 crore, a historic high, data shows.
INDIA
Kotak Mahindra, ICICI Prudential and HDFC MFs among top sellers of HDFC Bank stock worth Rs 10,900 crore in Nov
Collectively, MFs sold about 6.1 crore shares in November, making it the largest monthly sell-off this year. Earlier in August, MFs had sold shares worth over Rs 8,284 crore of the lender.
INDIA
BSE SME IPO index hits record high, soars over 18% in three weeks
The SME IPO Index has risen in 14 of the past 16 sessions, gaining 18.4 per cent from November 18 to date and has achieved a record-high closing level.
BUSINESS
SIP stoppage ratio climbs to third-highest level ever in November
SIP discontinuations rose to 39.14 lakh in November, up from 38.8 lakh the previous month. This pushed the SIP stoppage ratio to 79.12% in November, the highest since May's 88.38%.
