Market News

Foreign portfolio investors (FPIs) grew jittery and continued selling last week, offsetting strong net buying in the first two weeks of December. However, December net FPI investments remained positive at ₹21,789 crore as on December 20, depositor data showed. However, the latest monthly figures (till December 20) contrast with the heavy equity outflows by these…

Just hours after Transrail Lighting started accepting bids on Thursday, Transrail Lighting’s IPO was fully subscribed, closing Day 2 on Friday with a 5.31x subscription. The share allotted to retail retail investors (RIIs) saw a subscription rate of 6.90 times, while the non-institutional investor category saw 7.23 times subscription. The allocation for Qualified Institutional Buyers…

Apollo tires (€532.50) At the top of a range Apollo Tires stock spiked in February after facing a barrier of ₹555. Since then, it has mostly traded in the wide range of ₹465-555, barring a brief move to a high of ₹584.65 in September. So to get any certainty about the next big price swing,…

Dividend, bonus, stock split: Vedanta Limited will trade ex-dividend next week and NMDC will trade ex-bonus from Monday, December 23, 2024, according to BSE. According to BSE data, some of the major companies have announced various corporate actions including stock splits, bonus issues and extraordinary general meetings (EGM). The day on which the stock price…

Over the past almost two years there has been a flight to small cap stocks, evidenced by rising shareholdings in such stocks by retail investors and mutual funds, partly due to increasing inflows into small cap funds and partly due to restrictions on derivatives trading . According to HDFC Securities, retail equity holdings in Nifty…

Market veterans and several fund managers from some of the largest Indian fund houses believe that the Indian stock market remains well positioned for growth despite global challenges and risks posed by persistent inflation and high interest rates. Most of them believe that the slowdown in the Indian economy, which has occurred in the first…

According to a report by Motilal Oswal, 2024 was a successful year for initial public offerings (IPOs) in the Indian primary market. The report highlighted that a record ₹1.8 lakh crore has been raised through over 317 IPOs so far this year. This figure surpasses the previous record of ₹1.3 lakh crore in 2021 and…

International crude oil prices were little changed last session as markets weighed on weak Chinese demand and lower interest rate cut expectations from the US Federal Reserve following recent pressures from US inflation. Brent crude futures closed up six cents, or 0.08 percent, to settle at $72.94 a barrel. U.S. West Texas Intermediate crude futures…

BIMARU states can no longer be considered sick (sick), if the strong growth of mutual fund assets managed by these states is something we can expect. BIMARU is a term coined by demographer Ashish Bose in the 1980s to describe the poor economic conditions in Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh. Mutual fund assets…

Buy or sell shares: Following the US Fed’s aggressive outlook on interest rate cuts and selling of financial instruments, the Indian stock market broke its four-week winning streak. Major benchmark indices have wiped out their four-week gains over the past week. The Nifty 50 index fell to 23,587 from 23,768, with a weekly loss of…